The Daily Degen- January 10th, 2024
All of today's news/data/alerts...
Happy Wednesday and Happy ETF decision day friends! Quite the eventful 24 hours we’ve had!
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 @CryptoBubbles):
Gold: $2040.00
Oil (WTI): $72.37
US 10Y Treasury: 4.00%
Stocks ($SPY as proxy): -0.15%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
We at the Daily Degen believe that 2024 will be the year of the 'Airdrop Meta', and have been utilizing lots of projects that are presumed to be doing an airdrop!
Here's a running list of all the projects we've been trying out for this purpose along with referral links when applicable if you'd like to support our work! (note: as always please DYOR though!)
@Parcl - a Solana RWA project where you can long/short various real estate markets or provide liquidity - earn boosted points for (presumed) airdrop with our code: thedailydegen
@BungeeExchange - bridge to potentially qualify for LayerZero and other potential airdrops
@JumperExchange - bridge to potentially qualify for LayerZero and other potential airdrops
@Hyperliquidx - note: this is a very cool new perps dex we’re a big fan of - is an appchain model so you just deposit $USDCe directly onto it from Arbitrum, then trade and/or deposit TVL to earn points for their (presumed) airdrop... https://app.hyperliquid.xyz/join/REKTDIOMEDES
@aevoxyz - another cool appchain perps dex presumed to be doing an airdrop... https://app.aevo.xyz/r/Nervous-Grand-Schiff
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@JupiterExchange - Solana protocol with rumored large airdrop coming
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it
@MetaMask - long rumored to be doing an airdrop - do swaps and bridging using the in-app options in case they use that as main criteria for potential airdrop
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet
@LineaBuild - ETH L2 presumed airdrop
@MantaNetwork - another L2 now ongoing airdrop
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@EtherFi - another EigenLayer restaking option
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Note: And here's some other projects/services/etc we are huge fans of as well!
-Revelo Intel (institutional grade defi research + great free newsletter!) https://revelointel.com?aff=242 and discount code DEGEN10
-GMX: https://gmx.io/?ref=thedailydegen
-Gains Network - https://gains.trade/referred?by=thedailydegen
-Mux Protocol - https://app.mux.network/#/ref/THEDAILYDEGEN
-HMX - https://hmx.org/arbitrum/referral?ref=THEDAILYDEGEN
-RabbitX - https://app.rabbitx.io/?ref=REKTDIOMEDES
Biggest TVL Movers + Else
Chains are mixed today. Top 50 chains up at least 10% on the weekly include Manta (#10), PulseChain (#19), Telos (#46), and Zkfair (#50).
Protocols are mostly green today. Top 100 protocols up at least 25% on the weekly include EigenLayer (#15), Mantle Staked ETH (#29), and etherfi (#74).
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 Revenue Generation (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 6 hour timeframe):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects 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 @hypr_network. Twitter bio states “Scaling ZK Gaming”.
-Newish protocol @PolyhedraZK. Twitter bio states “zkBridge mainnet alpha… 🌈 zk light client is live on @LayerZero_labs Build the infrastructure for Web3 interoperability with zero-knowledge proofs”. h/t @AresLabs_xyz:
-Something new called @zero1_labs. Twitter bio states “Zero1 Labs is a modular decentralized AI platform that merges decentralized data governance and ownership.” h/t @toffee248:
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-Warning tweet re: the above from @Traderjoe_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL) 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 erroneous(?) SEC tweet re: Bitcoin ETF approvals dominated crypto discussions over the last 24 hours, h/t @WalkerAmerica for the timelines:
-Announcement Wednesday, trading Thursday still seems to be the general consensus:
-@coingecko has added a category for restaking protocols:
-Increasing signs of disinflation and/or deflation in Europe, h/t @AndreasSteno:
-Interesting historic February stats for $ETH, c/o @Architect9000:
-Still significant daily selling pressure on $ETH from Celsius however, h/t @WuBlockchain:
-Stablecoin liquidity continuing to tick upward, h/t @Flowslikeosmo:
-Interesting story re: Japanese stock market finally getting back to 1990 levels, h/t @KobeissiLetter:
-Good overview of @Stacks/$STX from @jake_pahor as part of his ongoing deep-dive research series:
-Macro thoughts + charts from long-term permabull @RaoulGMI:
-Good thread from @AsfiShaheen on $PEAS, which has been getting increasing attention on the TL:
-New interview with @sreeramkannan and @zmanian from @theempirepod about Eigenlayer, Ethereum, Cosmos, etc:
-Good new macro interview with @TgMacro from @RealVision:
-Parting wisdom c/o @QwQiao:
Conclusion
Happy Wednesday friends! Enjoy the excitement and stay alert out there!
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.