The Daily Degen- November 10th, 2023
All of today's news/data/alerts...
Happy Friday degens! The excitement continues!
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: $1,946.30
Oil (WTI): $76.76
US 10Y Treasury: 4.596%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! Our friends at @magpiexyz_io have an exciting new subDAO built on famous dex @PancakeSwap, and have unveiled their new CAKE RUSH program to coincide with the rollout!
As announced in their newest Medium article:
“Magpie has unveiled Cakepie, a state-of-the-art yield and veTokenomics services provider crafted specifically to bolster the growth of PancakeSwap and its surrounding ecosystem, serving as a Meta-Governance layer. Coinciding with this rollout, Magpie has launched the CAKE RUSH program on BNB Chain, a time-sensitive event designed to incentivize CAKE holders who convert their assets into mCAKE via Cakepie by offering rewards for their CAKE conversions. But that’s not all, CAKE RUSH converters will also have the opportunity to share in 60% of the upcoming CKP token sale via the Magpie Launchpad.”
You can get started converting your CAKE to mCAKE by clicking here and take advantage of the associated Galxe campaign by clicking here!
We’ve been helping raise awareness about everything the gents from Magpie have been building, so make sure to follow them on Twitter and check out the full Medium article on Cakepie below!
Biggest TVL Movers + Else
Chains are very green today. Top 30 chains up at least 10% on both the weekly and monthly include ETH Mainnet (#1), Arbitrum (#4), Optimism (#6), Cardano (#12), Pulse Chain (#14), Gnosis (#15), MultiversX (#19), Sui (#22), Kujira (#28), Ronin (#29), and Mantle (#30).
Protocols are very green as well today. Protocols with at least $40M TVL up at least 40% on both the weekly and monthly include Kujira Protocol, Cetus, WemixFi, Lybra Finance, and Jito.
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 Dex’s By 7 Day Volume (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Fee Generation (from cryptofees(dot)info):
Degen Alfa
(Exclusive data/information from our Official Sponsor @ChainEDGE_io - sign up today by clicking here!)
-24 Hour Smart Money Inflows/Outflows
-Sample 24 Hour Smart Money Summary From @OnChainWizard:
November 08, 2023 chainEDGE - Today's Summary Over the last 24hr, ILV and PEPE were smart money inflow leaders with $100k+ each of net swap inflows. Other inflows were seen in APOLLO, MEME, BITCOIN, AMO and RWT. Outflows were seen in GROK, LINK, RLB and BANANA. From a new launch perspective, HUSBANT, ChadGPT, DFUND and BANGER were smart money favorites, each getting ~$15k+ of buys. DFUND and BANGER led this group in retentionwith 50%+. JOE smart money holdings climbed higher throughout the dip with the token up nearly 80% from the recent lows. JOE smart holdings now stands at $311k across 15 wallets. Newer tokens with $15k+ ownership include OPENSEA, GROK, Leroy Jenkins, Bypass, PRISMA and MEME. The CE smart money cohort has now generated a total of $390k of realized PnL on GROK, one of the bigger wins in recent memory. 🚀 New Launch Pro 0x885...1cb led the way with $92k of realized gains.
New Protocols
(note: this includes new defi protocols 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 @Qubic_Network. Twitter bio states “An innovative UPoW crypto platform that's changing the game. Founded by Come-from-Beyond, the (Co-)Creator behind IOTA & NXT.”
-Something called @_redactedNFT. Twitter bio states “Last to trade, first to win. Profit off their greed.” h/t @toffee248:
-Something called @BTClayer2. Twitter bio states “#BTC #Layer2: Decentralized BTC cross-chain implemented by Bitcoin light nodes and #Taproot. Support #EVM, BTC native Gas, #metamask wallet can be used directly”. h/t @toffee248:
-New dex/yield farm project on Base called @torus_farm. Twitter bio states “Trade and Farm your favourite tokens on Base. Get Cashback on Trading fees and invest in the ecosystem growth 🚀” h/t @toffee248:
-New SocialFi project on Avalanche has been added to @DefiLlama called @0xHot. Twitter bio states “The Hottest SoFi Platform in Web3 From the Founders of @0xCampfire”.
-New SocialFi project on Base called @tagdottech has been added to @DefiLlama. Twitter bio states “(Access is by Invitation Only) 🏷️ Empowering Creators to Build Their Future. Your Brand, Your Community, Your Way. Built on @BuildOnBase.”
-New CDP protocol on Manta called @goku_stable has been added to @DefiLlama. Twitter bio states “Goku Money is the decentralized reserve bank on @MantaNetwork. Borrow GAI, a capital-efficient stablecoin, using your favorite cryptos!”
-Our friends at @derivio_xyz who you may have seen in the Spotlight section up above have been added to @DefiLlama (derivatives protocol on zkSync Era). Twitter bio states “Derivio is an institutional-grade structured derivatives ecosystem. Permissionlessly trade, earn, & compose.”
Security Alerts
-Poloniex has apparently been hacked but information is still coming out at the time of publication:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $10M+ TVL, single-exposure, and 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)
-BlackRock filing for a spot $ETH ETF:
-Continued rise in crypto prices generating much attention:
-ETH Mainnet gas fees spiking, h/t @IdeaMikk and @nansen_ai:
-Funny Jerome Powell moment from yesterday generated much attention:
-Another interesting Powell comment highlighted by @NickTimiraos:
-Interesting GMX x Binance announcement:
-Extremely poor 30Y auction in US treasuries dominated macro discussions yesterday:
-@fejau_inc on the above:
-Stablecoin liquidity has jumped by over $3B in the last month, h/t @artemis_xyz:
-Latest inflation data from @truflation:
-Macro thoughts from Joseph Wang @FedGuy12:
-New roundtable discussion from @thebellcurve that just got released, featuring @MikeIppolito_ and @im_manderson:
-Interesting new video on NFT market and OpenSea from @Unchained_pod:
-New interview with @AviFelman from the 1000x podcast on everything going on right now in crypto:
-New episode of NFA Live featuring @coinbureau, @intocryptoverse, and @NewsAsset going over all the top stories in crypto + else:
-New Q&A video from macro gigabrain @LukeGromen:
-Parting wisdom from @defi_gaz:
Conclusion
Happy Friday good degens! 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.