Happy Monday good degens! Let’s get after it!
As always… stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Total Crypto Market Cap: $3.35T
Gold: $2613.70
Oil (WTI): $71.37
US 10Y Treasury: 4.553%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The new trading competition at @vertex_protocol starts today good anon!
The total prize pool is 20k $USDC, and the dates for the four rounds of the competition are as follows:
- Round 1 December 30th, 4PM UTC -> January 4th, 4PM UTC
- Round 2 January 6th, 4PM UTC -> January 11th, 4PM UTC
- Round 3 January 13th, 4PM UTC -> January 18th, 4PM UTC
- Round 4 January 20th, 4PM UTC -> January 25th, 4PM UTC
Learn all the details in the thread below, and get started via Vertex on Arbitrum to compete for a share of the prize money!
AND… as always, get started yield-maxxing and trading 50+ perps and spot markets at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are mixed today. Only top 50 chain up at least 20% on the weekly is Bitlayer (#22).
Protocols are also mixed today. Top 50 protocols up at least 20% on the weekly include Hashnote USYC (#25), Usual (#26), and Lista DAO (#46).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Monthly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Monthly With At Least $100M TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @yesnoerror. Twitter bio states “DeSci AI agent powered by @OpenAI 's o1 model and $YNE, analyzing scientific papers for mathematical errors and discrepancies 🧬🤖 Dev: @mattprd”. Followed by 41 of our mutuals. h/t @DeFi_Cheetah:
-Something new called @vision_abs. Twitter bio states “The new vision on @abstractchain”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Michael Saylor and MicroStrategy announced more buys but they were pretty minimal in scope (large buys coupled with our poor recent price action would have been considered bearish, so this was good news on net):
-We are seeing a very concerning Coinbase discount (rather than premium) right now though, h/t @thedefivillain:
-$HYPE staking is live on Hyperliquid, h/t @NPC_68:
-$BTC check-in from @DaanCrypto:
-Grayscale alfa c/o @DegenerateNews (suggestive that the tokens in question could eventually get ETF-filings far down the line):
-Binance listings alfa c/o @WuBlockchain:
-Interesting long-term Bitcoin-dominance chart from @JJCycles:
-Lot of Bittensor/$TAO talk on the TL today, h/t @overlyleveraged:
-Chinese bond/interest rate/liquidity stuff continuing to generate attention:
-2024 narrative summarizing:
-Interesting thread of 2025 predictions from @EffortCapital, sample below:
-New @drakeondigital video on AI Agents:
-New @milesdeutscher video on $ETH, AI Agents, utility coins, and more going into 2025:
-Parting wisdom from @CryptoTalkMan via @QuotableCrypto:
Conclusion
Happy Monday friends! Stay alert out there and enjoy the end-of-year nostalgia! :)
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor @vertex_protocol are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.