The Daily Degen- January 12th, 2024
All of today's news/data/alerts...
Happy Friday degens! Lots to talk about!
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: $2054.10
Oil (WTI): $74.58
US 10Y Treasury: 3.996%
Stocks ($SPY as proxy): -0.044%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Don’t forget to keep your eye on @silentdao_ good degens!
Our editor @rektdiomedes has been helping bang the drum about what the gents at @silentdao_ have been building, as the team keeps shipping into 2024 and preparing for their full launch…
Once again, Silent is middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself...
Make sure to follow the official @silentdao_ Twitter account so you don’t miss any important updates!
Biggest TVL Movers + Else
Chains are all a bit red today. Only top 25 chains green on the daily are Avalanche (#8), Sui (#14), PulseChain (#18), Mantle (#22), and Celo (#23).
Protocols are mostly red today as well. Only protocols with at least $50M TVL up at least 10% on the daily are Sushi, NAVI Protocol, and Hyperliquid.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 24 hour timeframe):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @Vine_Money. Twitter bio states “$vUSD - The first privacy focused omnichain stablecoin, powered by Oasis Sapphire EVM $ROSE”. h/t @CryptoNikyous:
-Something new called @NatriumProtocol. Twitter bio states “Next-gen permissionless primitive money market.” h/t @Beacon_Early:
-A new dex on BEVM chain called @BSwap_BEVM has been added to @DefiLlama. Twitter bio states “BSwap, a #BTC-#EVM DEX based on BEVM. Make it possible for users to swap/bridge/add pools with #BRC20 and #ERC20 tokens.”
-Previously-mentioned ShivverEVM lending protocol @DeeprFinance has been added to @DefiLlama. Twitter bio states “Deep liquidity on the most secure and efficient lending market platform on @Shimmernet #EVM #IOTA”.
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!
-@TheCryptoDog on the above:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, no-IL only) - 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)
-BlackRock CEO Larry Fink made comments about Ethereum ETF’s that are generating attention:
-Lot of discussion about the impact of the new ETF’s on trading patterns/flows/etc and the meaning of all the data we are getting on them, h/t @neon__glow and @0xSalazar:
-More thoughts from @TheFlowHorse on the above:
-Ticker/narrative alfa from @TheDeFinvestor:
-Top-trending tokens on @coingecko this week were $TIA and $SEI:
-Bitcoin ETF ads getting interesting, h/t @0xjaypeg:
-@HsakaTrades on the Bitcoin ETF vs on-chain juxtaposition:
-Potential airdrops for $TIA-stakers generating lots of discussion, h/t @pepeDRT:
-Announcement of Circle IPO putting spotlight on stablecoin protocols, h/t @TaikiMaeda2:
-@berachain testnet getting lots of attention, h/t excellent thread on it from @2lambro:
-Thoughts from @cburniske:
-New ‘NFA Live’ livestream featuring @NewsAsset, @intocryptoverse, and @coinbureau:
-More gem-hunting from @grantblocmates and @jediblocmates at @blocmatesdotcom:
-New interview with macro gigabrain and Bitcoin-advocate @LukeGromen:
-New interview with @LynAldenContact from @NatBrunell:
-Interesting new ‘Ethereum vs Solana’ video from @coinbureau:
-Forward thoughts from @pythianism:
Conclusion
Have a great Friday and stay hypervigilant out there friends!
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.