The Daily Degen- January 2nd, 2024
All of today's news/data/alerts...
Happy Tuesday degens! Tons of excitement! 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: $2077.80
Oil (WTI): $73.24
US 10Y Treasury: 3.963%
Stocks ($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!)
@BotanixLabs - new EVM Bitcoin L2 - use their testnet to potentially qualify for their presumed airdrop
@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 appchain perps dex presumed to be doing an airdrop... https://app.aevo.xyz/r/Nervous-Grand-Schiff
@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
@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
@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 presumed airdrop
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol
@EtherFi - another EigenLayer restaking option
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Note: And here's some other projects 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 extremely green today. Manta has surged into spot #12, up 14.97% on the daily, and Astar is up to spot #38 at +42.89% on the weekly.
Protocols are also extremely green today. EigenLayer and Blast are both past $1.1B in deposits and are top gainers on the weekly among larger protocols, as is Spark at +18.68% on the weekly.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Top Trending Tokens (from @dexscreener, 24 hour timeframe):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @sonatanetwork. Twitter bio states “An open decentralized launchpad protocol on Ethereum.” h/t @Beacon_Early:
-Something new called @zaponblast. Twitter bio states “A Suite of Token Launch Tools for @Blast_L2 ⚡️use your future yield to buy now, pay later ⚡️” h/t @Beacon_Early:
-New chain called @PeachLayer2. Twitter bio states “The one above all.” h/t @AresLabs_xyz:
-Something called @LessFnGas. Twitter bio states “$LFG Token | Less Fees and Gas for Ethereum users, only possible on SOLANA”. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Prices have been spiking upwards all night and morning:
-CME numbers generating much attention, h/t @WClementeIII:
-Bullish sentiments from @qthomp:
-$ARB hits new all-time high, h/t @AvgJoesCrypto:
-$SEI continues to generate attention, h/t good mini-summary from @sandraaleow:
-Latest update from @truflation:
-Interesting data on historic Bitcoin returns by year, from @charliebilello:
-Some interesting projections re: Q4 Coinbase stats from @CoinbaseDuck:
-Notable chart on US real estate/homeowners from @LynAldenContact:
-More info on impending/potential @JupiterAG airdrop/token, h/t @DefiIgnas:
-Extremely good thread of lessons learned in 2023 from @LouisCooper_:
-Excellent new interview/summary of legendary macro investor @hkuppy:
-Thoughts on ETF approval from @resdegen:
-New video from @Unchained_pod featuring @laurashin talking with @cburniske, Solana co-founder @aeyakovenko , and @CelestiaOrg COO @nickwh8te:
-Parting wisdom c/o @BowTiedNightOwl:
Conclusion
Happy Tuesday friends let’s go!!!
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.