Happy Tuesday good degens! No shortage of interesting stuff going on in ze world of brypto today!
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: $1,987.90
Oil (WTI): $77.59
US 10Y Treasury: 4.41%
Stocks (from:@News4Moves):
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Things over at @Cakepiexyz_io are getting sweeter good anons, with the upcoming CAKE RUSH!
As announced in their newest Medium article:
“Attention all CAKE holders! We are pleased to announce the upcoming launch of the CAKE RUSH. This event is specifically tailored to benefit participants who choose to convert their CAKE into mCAKE on Cakepie by offering a sweet % of the total CKP supply. Please make a note of this event in your calendars and look out for further details regarding the CAKE RUSH launch. This is an opportunity to enhance the value of your CAKE assets.”
As background, @Cakepiexyz_io is a new Pancakeswap-focused subDAO from our friends at @magpiexyz_io, who we’ve been helping spread the word about these last few months!
You can get started converting your CAKE to mCAKE by clicking here, read the full Medium article on CAKE RUSH here, and get more updates by following Cakepie on Twitter!
Biggest TVL Movers + Else
Chains are mostly red today. Some notables include Solana (#8) at +17.16% on the weekly, zkSync Era (#23) at +22.86% on the daily, and Radix (#49) at +1,041% on the monthly.
Protocols are mixed today. Some notables include Spark (#16) at +52.20% on the monthly, Hatom Protocol (#57) at +54.71% on the monthly, and PulseX (#60) at -30.19% on the monthly.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (from @DefiLlama - note: this one has a TVL filter so only includes protocols with at least $1M TVL):
Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):
Here’s The Top 12 Perp Dex’s By 24 Hour 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):
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!)
-New/newish GambleFi project called @BetBIG_gg. Twitter bio states “Licensed Online Casino - In ALPHA - $BIG things coming.. Feedback is always appreciated 💚”.
-New project called @OMTrade_crypto. Twitter bio states “With OMTrade's elite #CopyTrading tools, it’s never been easier to just #InvestLikeTheBest & #TradeLikeAPro”. h/t @stakedqueen:
-Something quite degen-looking but at least moderately defi-ish called @qchaos_arb on Arbitrum. Twitter bio states “In the year 2400. Earth had descended into chaos, plagued by corruption, unending wars, and pervasive crime.” h/t @stacy_muur:
-Something new called @OpalDeFi. No Twitter bio and no tweets yet but is followed by a number of highly-gigabrained mutuals so including. h/t @AresLabs_xyz:
-New dex on Linea called @DapDapMeUp has been added to @DefiLlama. Twitter bio states “Your universal entry point to L2s”.
-New yield aggregator on Scroll called @StellarisYields has been added to @DefiLlama. Twitter bio states “📜Native Yield Aggregator for @Scroll_ZKP | 🚀 Maximize Crypto Earnings by Auto-Compounding |🌴”.
-New lending protocol on Arbitrum called @CouponFinance has been added to @DefiLlama. Twitter bio states “Lending, Fixed. From the team that brought you @CloberDEX. Testnet live...”
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $10M+ TVL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Announcement of new ETH L2 @BLAST_L2 from Blur-founder @PacmanBlur, with numerous prominent backers, generated much discussion today:
-Recap and thoughts on above from @Defi_Maestro:
-$BTC is now up 125% this year, beating out the Nasdaq 100 at +47% and the S&P 500 at +20%, h/t @charliebilello:
-Bloomberg story on the US seeking $4B from Binance to end the criminal case against it generated much discussion yesterday:
-The SEC announced it was going after Kraken again, just 10 months after Kraken last settled with them… tweet on subject from Kraken-founder @jesspow below:
-Various gas fees per ETH L2 c/o @Flowslikeosmo:
-The crypto markets have seen a moderate to severe crash three years in a row around Thanksgiving, h/t @CryptoKaleo:
-@CurveFinance with vote up re: increasing borrow rate multiplier:
-Bittrex Global closing down:
-Interesting update re: @AragonProject from @dcfgod:
-Tether apparently freezes $225M linked to criminal activity in SE Asia:
-November newsletter from @LynAldenContact, with much discussion of Bitcoin:
-New @MakerDAO report from @jake_pahor:
-New Nick Drakon/Revelo Intel interview with @ChainLinkGod:
-Overview of latest crypto news from @coinbureau:
-Newest crypto/macro livestream from @noahseidman:
-New @Ceazor7 protocol breakdown:
-New video from @BobLoukas with lots of TA + analysis:
-Parting wisdom from @10_FORTYONE c/o @QuotableCrypto:
Conclusion
Have a great Tuesday friends!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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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.