Happy Monday friends! Bit of a dip in prices today, time to get after it!
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: $2035.90
Oil (WTI): $73.66
US 10Y Treasury: 4.088%
Stocks ($SPY as proxy): N/A
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!)
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it - our reflink: https://rainbow.me/points?ref=SZUR3U
@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
@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
@PikeFinance - use to qualify for (presumed) airdrop and other possible airdrops
@BungeeExchange - bridge to qualify for various potential airdrops
@JumperExchange - bridge to qualify for various potential airdrops
@deBridgeFinance - bridge to qualify for various potential airdrops
@Hyperliquidx - perps dex with (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
@LineaBuild - ETH L2 presumed 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 quite red today. Only top 50 chains green on all three timelines (daily, weekly, monthly) are Manta (#9), Aptos (#22), and Pego (#49).
Protocols are also quite red today. Only top 50 protocols green on all three timelines (daily, weekly, monthly) are Curve Finance (#9), Swell (#36), Pendle (#39), etherfi (#42), and dYdX (#46).
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 called @HYCHAIN_GAMES. Twitter bio states “An L2 built to enable mass adoption of the biggest web3 games, like @HYTOPIAgg and more. Powered by $TOPIA & @arbitrum 's AnyTrust technology”. Followed by 24 of our mutuals. h/t @Beacon_Early:
-New project being built on @Blast_L2 called @Blastwayio. Twitter bio states “Blastway is a first decentralized ecosytem incubator & money market protocol built on @Blast_L2 Powered by Account Abstraction”. Followed by 4 of our mutuals. h/t @Beacon_Early:
-New project called @savmswapio. Twitter bio states “Dex build on @satoshivm”. Followed by 24 of our mutuals. h/t @Beacon_Early:
-Something new called @etherlinkcom. Twitter bio states “Etherlink is an EVM blockchain, built on Tezos smart rollup technology”. Followed by 2 of our mutuals and @SamKazemian. h/t @AresLabs_xyz:
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!
-Brand new security alert @PeckShieldAlert just posted re: @ConcentricFi:
-Important security reminder from @thedefiedge:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ 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)
-Prices seeing a considerable dip this morning:
-Macro schedule for the week ahead, c/o @KobeissiLetter:
-Narrative/ticker alfa from @thedefiedge:
-New $DYM-airdrop getting lots of attention, as only 50% of eligible wallets apparently claimed their allocation, h/t @alpha_pls:
-Ongoing analysis of the effect of the Bitcoin ETF’s, h/t @krugermacro and @EricBalchunas:
-Arthur apparently feeling short-term bearish:
-Bond market currently pricing in a 2% chance of rate cut from the Fed in January, around a 45% chance in March, and an 85% chance in May, h/t @BiancoResearch:
-@concodanomics on the exuberant stock market:
-Interesting stat on top 5 NFT collections by 24 hour volume c/o @DegenerateNews:
-More interesting NFT data, from @Tyler_Did_It, on long-term historical volumes:
-Good thread of forward thoughts on the market and positions c/o @schizoxbt:
-New video from @BanklessHQ on ‘DeSci’ narrative featuring Brian Armstrong and Patrick Joyce (currently livestreaming but link/embed should still work later):
-New airdrop guide re: PYTH from @Dynamo_Patrick:
-Parting wisdom c/o @thedefivillain and @santiagoroel:
Conclusion
Happy Monday friends!!!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) 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.