The Daily Degen- December 4th, 2024

All of today's news/data/alerts...

Dec 04, 2024

Happy Wednesday friends! 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: $3.73T

Gold: $2674.00

Oil (WTI): $70.03

US 10Y Treasury: 4.238%

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

Spotlight

Vertex Protocol’s omnichain liquidity system @EdgeLayer has been allowing unlimited EVM deployments and liquidity-provision across the defi-verse… and volumes + fee generation are surging as a result!

Vertex is consistently one of the top 50 projects in all of crypto in terms of revenue generation, and last week alone $78,601 in USDC was distributed to VRTX stakers!

This is due to the advanced liquidity mechanisms and the 50+ perps and spot pairs they currently offer, allowing traders to take advantage of the manifold opportunities the nascent bull market is currently presenting!

Get started LP’ing and/or staking VRTX and/or trading now by clicking here!!!

Biggest TVL Movers + Else

Chains are very green today. Only top 40 chains red on the weekly are Mantle (#19), Bitlayer (#20), Linea (#21), Scroll (#25), and Sei (#33).

Protocols are also very green. Only top 80 protocols red on the weekly are DeSyn Protocol (#39), GMX (#54), Tether Gold (#55), Threshold Network (#69), Stargate Finance (#74), and Save (#78).

Here’s The Top 12 Fasest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):

Here’s The Top 12 Fasest-Growing Protocols By TVL On The Weekly With At Least $50M 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 AI agent project called @orbitcryptoai. Twitter bio states “just an AI agent creating the endgame abstraction layer - created by @sphereone_”. Followed by 34 of our mutuals.

-New AI agent project called @NikitaAIBase. Twitter bio states “fatal ai agent w/ a taste for αlphα what you seek, i already hold 🫦 0x698B49063C14D2753D23064fF891A876cfFa6fb5”. Followed by 21 of our mutuals.

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

-No security alert today.

Important News And Analysis

-Altcoins are finally spiking, h/t @milesdeutscher:

-Google search data reflecting the above, h/t @TheDeFinvestor:

-MagicEden airdrop checker should be going live today (remember to be EXTREMELY vigilant with airdrop stuff good anons and watch out for fake links, scams, etc):

-Trump’s selection for new SEC Chair (to replace Gary Gensler) is widely considered a very bullish one for crypto:

-Some type of Solana security/code issue generated a lot of attention over the last 24 hours:

-Additional info/response from @0xMert_:

-TRON (and tons of other alts) suddenly surging, h/t @smilingllama:

-Additional headlines c/o @blocmatesnews:

-Interesting thoughts on oil from some macro gigabrains (tl/dr they think its unlikely to go much higher in the near to medium term future and may even go lower):

-Market thoughts from @KrugerMacro:

-New gem-hunting livestream from @jediblocmates and @Grantblocmates:

-New interview on macro + Bitcoin + etc with @LukeGromen from @natbrunell:

-New discussion on memecoins and other current topics from @theempirepod:

-New video from @theempirepod featuring @MikeIppolito_ interviewing @mteamisloading about ETH tech stuff:

-Parting sentiments from @CloutedMind:

Conclusion

Have a great Wednesday friends and stay hypervigilant out there!

And please RT/subscribe/etc if you found this valuable!

***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor 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.