The Daily Degen- December 8th, 2023

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

Happy Friday degens! Quite a week its been!

Let’s dive in!

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: $2026.00

Oil (WTI): $70.93

US 10Y Treasury: 4.182%

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 very green today. Top 50 chains up at least 30% on the weekly include Solana (#8), Wemix 3.0 (#38), Stacks (#42), Aurora (#46), and FSC (#48).

Protocols are extremely green today as well. Protocols with at least $50M TVL up at least 40% on the weekly include Kamino, BlazeStake, WemixFi, Flexa, and marginfi.

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 Entities By 24 Hour Fee Generation (from @DefiLlama):

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Ethereum Fear And Greed Index

(from @EthereumFear):

Degen Alfa

(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)

-24 Hour Smart Money Inflows/Outflows

-24 Hour On-Chain Summary From @OnChainWizard:

December 07, 2023 chainEDGE - Today's Summary Net selling led flows today, with MUBI, OLAS, BEAM, GALA and RSC with largest $ outflows. Inflows were smaller, with new launch DOG leading with $57k. AXL, GROK and Synapse round out the list of largest inflows. 2 new launches saw the highest smart buying $ today: POD and HIHGER, each with $50k+ of buys (and 40%+ retention). From a more fundamental perspective, the most interesting new launches were SECT (TG bot), DNUM (helps you set up more TG accounts?) and maybe GAMO (build your own game). BRC20 tokens cooled off, but notably smart money swaps have only been negative on MUBI and BSSB over the past 7 days, while DOVA, NHUB and TURT were $10k+. Looking at smart money holdings, GEC remains the leader with 24 wallets holding a total of $1mm. 16 of these holders hold more than $10k and 13 hold more than $20k. With its recent move, HYPR has found its way into the top 10 smart favorites by wallets holding, with 12 / $575k. The rest of the smart money favorites were basically unchanged. Looking at new coins over past few weeks, smart money is still holding $20k+ of: KEK, MAIL, GEC, BSSB, GFY. DMIND, MIND, WARPED, SOLAR, DOVA, XCEPT, ZETA and GTX. Trader highlight of the day goes to 🚀 spyder0x.eth who printed $118k on MUBI.

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!)

-Something new called @NxHub_io. Twitter bio states “Aggregate list & trade Brc-20 and NFT on NxHub. $NHUB” h/t @matrixthesun:

-New project called @dova_protocol. Twitter bio states “Dova Protocol is an innovative initiative aiming to facilitate liquidity between the Bitcoin and EVM networks.” h/t @matrixthesun:

-New lending protocol on Sei Network called @Solar_Lend. Twitter bio states “Borrow, Lend, and Ascend your assets on @Seinetwork”. h/t @Beacon_Early:

-New options protocol coming to Kujira called @yieldharbour. Twitter bio states “Decentralized options trading. Coming soon to Kujira 🛠️”. h/t @Beacon_Early:

-New/newish project called @xenify_io. Twitter bio states “🔥 Cross-chain Meta-Aggregator of Aggregators! Launching on Ethereum soon! 🚀 Stay tuned for updates! #XNF #XEN #YSL”. h/t @ApeOClock:

-A new project on Base called @DettoFinance has been added to @DefiLlama. Twitter bio states “Detto Finance is an all-in-one NFT platform for mining, lending and GameFi on #Base”.

Security Alerts

-Security alert/update from @peckshield:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ 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)

-The Jito airdrop on Solana dominated crypto discussions over the last 24 hours, h/t @0xjaypeg and @0xMughal and @smyyguy:

-Thoughts on above from @Dogetoshi and @DeFiMann:

-ETF update from @EricBalchunas:

-Good narratives summary c/o @thedefivillain:

-Future LayerZero token has been confirmed:

-More narrative/ticker alfa from @TheDeFinvestor:

-Update on the ‘App Store Indicator’ from @Dogetoshi (reminder that Coinbase hit #1 in the app store at the peak of the last bull market):

-Interesting data from @coingecko:

-Good thread/data from @lookonchain on $ORDI, which has gotten much attention this week:

-Interesting proposal to switch large GambleFi project Rollbit from a buy-and-burn model to a ‘RealYield’ profit-sharing model, h/t @rocketresearchx:

-Trading/investing thoughts from @0x_kun:

-Brand new weekly roll-up video from @BanklessHQ:

-Newest episode of NFA Live:

-Latest update on the Cosmos ecosystem from @Cryptocito:

-@Blockworks_ interview with famous macro investor Felix Zulauf:

-Parting wisdom c/o @Pentosh1:

Conclusion

Have a great Friday good degens!

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 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.