The Daily Degen- January 4th, 2024

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

Jan 04, 2024

Happy Thursday degens! Wild 24 hours as usual :)

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: $2052.70

Oil (WTI): $73.51

US 10Y Treasury: 3.954%

Stocks ($SPY as proxy): -0.82%

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

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 very red on the daily again today. Only top 50 chains up at least 20% on the weekly are Manta (#12), Astar (#38), and Telos (#49).

Protocols are mostly red again today. Only top 100 protocols up at least 20% on the weekly are StakeStone (#26), LayerBank (#49), and Mountain Protocol (#71).

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!)

-New project called @Polarityfi. Twitter bio states “Polarity is an options trading protocol that empowers users to leverage their options positions and access secondary liquidity.” h/t @AresLabs_xyz:

-New DePin project called @DabbaNetwork followed by several gigabrain mututals. Twitter bio states “Decentralising connectivity for the next billion…” h/t @AresLabs_xyz:

-Something new called @raiser_co. Twitter bio states “Secure your spot as an early investor in top crypto projects. Get access to Fair Community Offering (FCO)”. h/t @thealphadigest:

-New project called @KotoProtocol. Twitter bio states “Permissionless vaults, to simplify yield strategies and management.” h/t @thealphadigest:

-Something new called @TheMirageSolana. Twitter bio states “Building secure, anonymous, & private dark pools on Solana's fast, low-cost infrastructure. Your privacy, our priority.” h/t @thealphadigest:

-New Solana project called @TAPfintech. Twitter bio states “THOR Automated Protocol - Leading the new era of #DeFi on Solana”. h/t @thealphadigest:

Security Alerts

-@PeckShieldAlert released the following sequence of security alerts:

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)

-SEI and ARB were among the top performers bouncing back after yesterday’s dip, h/t @thedefivillain:

-Funding rates back down to more normal territory, h/t @DaanCrypto:

-ETF speculation continues:

-Airdrop meta continues to gain traction, h/t @TaikiMaeda2:

-Some of the bigger potential airdrops being discussed, c/o @layrggofficial:

-ISM has now been under 50 for 14 months, h/t interesting chart below from @charliebilello:

-Macro analysis from @FedGuy12:

-Extremely good thread of 2024 predictions from @dunleavy89:

-US labor market starting to cool a bit, h/t @charliebilello:

-Another good airdrop thread from @milesdeutscher:

-Good thread on Osmosis from @jake_pahor’s ongoing research series:

-Good video of thoughts on 2024 from @BanklessHQ:

-New crypto + macro Livestream from @noahseidman:

-New ‘Farms Of The Week’ video from @TaikiMaeda2:

-Parting wisdom c/o @0xSalazar:

Conclusion

Happy Thursday friends! Let’s get after it!

And please RT/subscribe/etc if you found this valuable!

***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.