The Daily Degen- December 7th, 2023

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

Dec 07, 2023

Happy Thursday degens! Only a few weeks left in 2023 let’s get after it!

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 @CryptoBubbles24):

Gold: $2032.50

Oil (WTI): $70.21

US 10Y Treasury: 4.155%

Stocks (from:@News4Moves):

Biggest Price Movers

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

Spotlight

As you know, our editor @rektdiomedes has been helping bang the drum about what the gents at @silentdao_ have been building, and we are pleased to say their vision is starting to come to fruition!

Once again, @silentdao_ is an upcoming privacy protocol creating a composable middleware encryption layer that allows privacy preservation within the EVM itself, thereby allowing users to interact with defi protocols anonymously….

If this a subject that interests you make sure to check out the nascent @silentdao_ Discord when it opens this weekend, referred to in the screenshot below :)

Biggest TVL Movers + Else

Chains are mixed today. Some notables include Solana (#8) at +5.91% on the daily, Ronin (#26) at +69.67% on the monthly, and Neutron (#40) at +58.67% on the monthly.

Protocols are mostly red today. Some notables include Spark (#15) at +52.00% on the monthly, WemixFi (#24) at +75.61% on the weekly, and Sun (#33) at -21.96% on the monthly.

Here’s The Top 12 Chains By TVL (from @DefiLlama):

Here’s The Top 12 Protocols By TVL (from @DefiLlama):

Here’s The Top 12 Dex’s By 24 Hour Volume (from @DefiLlama):

Here’s The Top 12 Perps/Derivatives Protocols 24 Hour Volume (from @DefiLlama):

Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Ethereum Fear And Greed Index

(from @EthereumFear):

New Protocols

(note: this includes new defi protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)

-New project called @yanotherbridge. Twitter bio states “Yet Another Bridge offering the fastest and cheapest solution on Starknet. Building the future of cross-chain swaps on Ethereum.”

-Something new called @heron_finance. Twitter bio states “We are the first SEC-registered robo-advisor focused exclusively on private credit.” (note: there is no crypto-specific language on their Twitter page but they are followed by a bunch of our gigabrain crypto mutuals so assuming this is indeed a crypto-related endeavor)

-Something new called @rest_finance. Twitter bio states “Liquid Restaking Token, powered by @EigenLayer . Mint and hold restETH, and rest easy with the best yield on Ethereum.”

-Another Eigenlayer-related project called @eigen_da. Twitter bio states “EigenDA is an AVS on @eigenlayer providing low-cost, hyperscale data availability to rollups, secured by ETH restaking.” h/t @Beacon_Early:

-New privacy/AI related project called @abstraction_ai. Twitter bio states “Revolutionizing DeFi with cutting-edge Account Abstraction & Zero Knowledge Proofs… #AAI #PRIVACY #ETH #COMINGSOON”. h/t @Beacon_Early:

-New Mantle dex called @MerchantMoe_xyz. Twitter bio states “• A Trader's Oasis • The Cornerstone DEX for @0xMantle • Seamless Trading | Discretized Liquidity | Real Yield”. h/t @Beacon_Early:

-New project called @AITProtocol. Twitter bio states “World's first AI data infrastructure. Providing #Web3 AI solutions & creating millions of jobs with the Train-To-Earn model. Incubated by @PaalMind .” h/t @CryptoNikyous:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)

Important News And Analysis

(key news, twitter threads, articles, videos, etc from last 24 hours)

-FOMC (Fed rate hike) and CPI (inflation print) both coming next week, h/t @JJCycles:

-Oil prices continue to drop:

-Interesting list of tokens with growing number of holders, c/o @hmalviya9:

-Interesting stat on the coming generational wealth transfer and crypto from @intangiblecoins:

-Lots of discussion today about the Jito airdrop on Solana, sample from @0xfoobar and @alpha_pls:

-Interesting chart of the stock market’s roundtrip these last two years from @biancoresearch:

-Cumulative dex trading volume continues to grow, with Uniswap still dominating the landscape, h/t @tokenterminal:

-2021 throwback coin $JEWEL from Defi Kingdoms getting attention and a boost in price, h/t @lemondontfloss and @blknoiz06:

-@CoinDesk article on the continued debates about Ordinals among the Bitcoin community:

-Interesting thread from @CurveCap on everything going on in the Curve ecosystem as of late:

-Trading wisdom from @TheCryptoDog:

-Excellent interview with @qthomp from @Blockworks_:

-Good new macro + Bitcoin discussion featuring @LynAldenContact and @PrestonPysh:

-@samczsun appeared on @Unchained_pod’s newewest roundtable discussion:

-New Bankless video on Celestia $TIA, which has been generating much attention as of late:

-Fantastic macro interview featuring @hkuppy and Louis-Vincent Gave from The Meb Faber show:

-Parting wisdom c/o @BobLoukas:

Conclusion

Happy Thursday friends!

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

Note

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***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.