Happy Saturday friends! Still not quite over 100k :)
Let’s dive in!
As always… 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):
Total Crypto Market Cap: $3.54T
Gold: $2743.20
Oil (WTI): $71.24
US 10Y Treasury: 4.412%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! Our friends at @vertex_protocol are having a very cool new trading competition on Arbitrum!
It starts on November 25th, at 5PM UTC!
You need to stake VRTX to participate - and doing so is currently providing 78% apr in yield paid out in USDC!
There are 250k VRTX tokens up for grabs so make sure to check out the details of the competition via the thread below!
And, as always, make sure to visit the Vertex site now at app.vertexprotocol.com to access 50+ perps and spot markets and a wide variety of exquisite yield opportunities! And make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are very green today. Fastest-growing chains on the weekly with at least $10M TVL are Stellar, Taiko, and Hedera.
Protocols are also quite green today. Fastest-growing protocols on the weekly with at least $10M TVL are CIAN Protocol, Rumpel Labs, Joule Finance, IZUMI Finance, and Kyros.
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 Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @brotrade_DEX. Twitter bio states “Coming soon on Berachain! Join the waitlis...” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project called @yokodotlive. Twitter bio states “Bring your own AI to live - design, customize, and deploy AI-powered personas tailored to your needs.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:
-New project called @opaiumdao. Twitter bio states “ai music label dao // soon...” Followed by 36 of our mutuals. h/t @AresLabs_xyz:
-New project called @slopdotclub. Twitter bio states “collectively conceive ai slop agents home of @slopfather”. Followed by 32 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-Morning headlines from @Tyler_Did_It:
-MagicEden TGE (and presumed airdrop) coming December 10th:
-Much focus on Trump’s selection of Scott Bessent for Treasury Secretary (position currently held by Janet Yellen):
-General consensus seems to be that the choice of Bessent is bullish:
-@conksresearch with the fatalistic take on the above:
-Market check-in from @DaanCrypto:
-Onslaught of new memecoins continues to be relentless, h/t @thedefivillain:
-So-called ‘Dinosaur Coins’ have been pumping hard the last couple days, h/t @0xMughal:
-@pumpdotfun livestreaming degeneracy continues, h/t @deltaxbt:
-Fascinating chart re: sky-high Canada and Australia real estate markets, h/t @MichaelAArouet:
-Additional headlines c/o @0xSalazar:
-Interesting thoughts from @Daryllautk:
-New episode of @thebellcurvepod featuring @pythianism, @MikeIppolito_, and @im_manderson:
-New interview with Tornado Cash developer Roman Storm from @BanklessHQ:
-New interview from @0xResearch with Avalanche COO @luigidemeo:
-New crypto/macro livestream from @noahseidman:
-New episode of @0xSteadyLads:
-Parting wisdom from @redphonecrypto:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!
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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.