The Daily Degen- November 23rd, 2023

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

Nov 23, 2023

Happy Thursday and Happy Thanksgiving friends!

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: $1,993.10

Oil (WTI): $76.25

US 10Y Treasury: 4.42%

Stocks (from:@News4Moves):

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

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Biggest TVL Movers + Else

Chains are mostly green today. Top 50 chains up at least 10% on the weekly include zkSync Era (#20), and Radix (#46).

Protocols are very green today. Protocols with at least $50M TVL up at least 10% on the weekly include UwU Lend, MUX Protocol, and Synthetix.

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):

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 project called @PragmaOracle. Twitter bio states “The first provable oracle. Ensuring top-notch security is our priority…”

-Something new called @Syncus_Fi. Twitter bio states “A new standard of treasury-backed DeFi on @zkSync... Launching soon..." h/t @AresLabs_xyz:

-New perps protocol called @xebratrade. Twitter bio states “Superfast perpetuals trading on-chain | Coming soon to @movementlabsxyz…” h/t @AresLabs_xyz:

-Something new called @MantaExchange_. Twitter bio states “Unlock the Future of Trading with Manta Exchange Backed by @ABCDELabs, #uobvm, @CsquaredVC & @ocularvc…” h/t @AresLabs_xyz and @ABCDELabs:

-New protocol on Arbitrum called @ark_money. Twitter bio states “Harness the $MARK algorithm for perpetual USDC yield generation. #Arbitrum #Defi #Yield”. h/t @0xCrypto_doctor:

-Something on opBNB called @XWhiteprotocol has been added to @DefiLlama (category is ‘Farms’). Twitter bio states “Protocol hosted on OpBNB that focuses on creating decentralized DeFi finance with a Deflationary nature and passive income for its users.”

-New lending protocol on Manta called @lendlordorg has been added to @DefiLlama. Twitter bio states “Low Risk & Capital Efficient Lending Hub on Manta Network”.

Security Alerts

-There has apparently been a significant exploit of @KyberNetwork’s LP pools (more info below in news/events section):

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL only, 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)

-$BTC sees its 2nd highest ever Thanksgiving price today, h/t @coingecko:

-Narrative/ticker alfa from @thedefivillain:

-Interesting thread from @0xdoug analyzing the (apparently quite complex) Kyber exploit:

-An average of almost $3M per day has been lost in exploits over the last six months, h/t @tayvano:

-@BLAST_L2 continues to skyrocket in TVL, now surpassing nearly every other L2, and hitting just over $300M at time of publishing this according to @DefiLlama, h/t illustration from good thread by @0xRamenUmai:

-@CryptoFightWeek taking place in Dubai this week:

-Interesting chart from @tedtalksmacro on Bitcoin vs alt performance during this run-up:

-@lookonchain flagged what appears to be a $3.14M $BTC transaction fee:

-On-chain dex perps space still only a tiny fraction of cex perps space, h/t @Thor_Hartvigsen (click for rest of long-form tweet):

-Interesting thoughts on cycles/seed-investing from @crypto_condom:

-Positive sentiments c/o @blknoiz06:

-New episode of The Chopping Block from @Unchained_pod discussing the Binance news and other top crypto stories:

-New video from @thebellcurvepod featuring @MylesOneil and @MikeIppolito_ talking about liquid restaking:

-Good new video from @0xMughal on yield trading using Pendle Finance:

-Parting Thanksgiving-appropriate wisdom from @ieaturfoods:

Conclusion

Happy Thursday good degens! Stay alert out there!

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.