Happy Tuesday friends! Last day of 2024! Quite a year its been!
Let’s dive in!
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: $3.47T
Gold: $2630.70
Oil (WTI): $71.53
US 10Y Treasury: 4.527%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Back in the depths of 2022 and 2023 all the bears and crypto-skeptics said that high yields in defi were never coming back…
This has now been thoroughly disproven though, and @vertex_protocol is the perfect case in point!
With volumes surging alongside the general bull market excitement, yields for $VRTX-stakers have been sky-high for months now, and are currently clocking in at 43%!
This is all from ‘RealYield’ distributed as $USDC, and in addition, $VRTX-stakers also benefit from the $VRTX-buyback-and-burn program as well!
Get started yield-maxxing now as well as 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. Top 100 chains green on all three timelines (daily, weekly, monthly) include dYdX (#21), IoTeX (#64), Eclipse (#97), and EOS EVM (#99).
Protocols are also mixed today. Top 50 protocols green on all three timelines (daily, weekly, monthly) include Jupiter (#17), Lombard Finance (#30), Binance Staked SOL (#35), Drift (#44), and StakeStone (#49).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Monthly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Monthly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (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!)
-New project called @HyperStakeX. No Twitter bio. Followed by 23 of our mutuals. h/t @smartestmoney_:
-New project called @vitarnabio. Twitter bio states “VitaRNA - the tokenization of the Artan Bio IP-NFT, a gene therapy project backed by @vita_dao”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @intentkitai. Twitter bio states “An open and fair framework for everyone to build AI agents equipped with powerful skills. Launch your agent, improve the world, your wallet, or both!” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Security alert/update from @peckshield:
Important News And Analysis
-Interesting stats from @0xaporia:
-Market analysis from @DaanCrypto:
-Wrapped Bitcoin ($WBTC) supply back at highs not seen since March 2021, h/t @tomwanhh:
-Reminder that Tether continues to accumulate $BTC as well, h/t @SalsaTekila:
-Gold has been struggling the last two months, h/t @zerohedge:
-Lot of discussion regarding ai16z/Eliza becoming the number one trending github repository, example c/o @M4T_NFT below:
-Continued excitement/speculation regarding potential @BungeeExchange airdrop, h/t @JiraiyaReal:
-Same with Rabby and DeBank, h/t @flb_xyz:
-Defi tool alfa from @lemiscate:
-New project @yesnoerror/$YNE continues to generate a lot of chatter on the TL, h/t @DeFi_Cheetah and @Rewkang:
-Lot of speculation in macro circles about how Trump’s Treasury Secretary pick Scott Bessent is going to deal with the mess he will be inheriting re: the bond market and the issuance mix and etc… example c/o @JackFarley96 below:
-New crypto news livestream from the @coinbureau channel:
-New video from The Block Runner on AI Agents:
-New crypto/macro livestream from @noahseidman:
-New @pahueg interview with @ColeGarnersTake discussing cycle thoughts and etc:
-Important reminder from @swmartin19:
Conclusion
Happy Tuesday and Happy 2024 friends! Quite an amazing year its been!
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.