The Daily Degen- November 27th, 2023

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

Nov 27, 2023

Happy Monday good degens! Start of another big week!

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 @CryptoBubbles24):

Gold: $2012.70

Oil (WTI): $75.55

US 10Y Treasury: 4.47%

Stocks (from:@News4Moves): N/A

Biggest Price Movers

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

Spotlight

Our monthly sponsor for November is @ChainEDGE_io!

ChainEDGE is the creation of @OnChainWizard… well-respected defi expert, active trader, and long-term friend of The Daily Degen!

ChainEDGE offers a live smart money Alpha Stream, smart-money daily inflow/outflow tracking, daily summary from @OnChainWizard himself, and more… and is beloved by active on-chain traders as the top source of real-time analytics alfa available!

They also recently added a New Launch Digest, so make sure to sign up now to utilize it as well!

Biggest TVL Movers + Else

Chains are mostly red today. Top 50 chains up at least 10% on the weekly include zkSync Era (#19), Terra2 (#46), and Radix (#50).

Protocols are quite red today too. Protocols with at least $40M TVL up at least 10% on the weekly include UwU Lend, Across, etherfi, marginfi, and Katana Dex.

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 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):

Other Data Points

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Ethereum Fear And Greed Index

(from @EthereumFear):

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 privacy-related project called @Obscura_Network. Twitter bio states “Build with Privacy”. h/t @AresLabs_xyz:

-Something new called @OverpassIP. Twitter bio states “An IP licensing marketplace.” No Tweets yet but is followed by a bunch of our mutuals so including it. h/t @AresLabs_xyz:

-New perps dex on Scroll called @FinanceAvocado. Twitter bio states “🥑 Avocado Finance: DeFi's perpetual edge on Scroll! Trade with 50x margin. Your gateway to limitless possibilities! 🚀💸 #AvocadoFinance #DeFi #scroll…” h/t @toffee248:

-Something new called @wemintcash that seems to be connected to legacy Luna UST(?) aka $USTC… Twitter bio states “A permissionless and price-stable payments and savings currency system, backed by #Bitcoin 🏛️♻️…” h/t @toffee248 and @_junhoyeo:

-New dex aggregator on Linea called @Linear_ag. Twitter bio states “@Lineabuild Native Dex Aggregator…” h/t @toffee248:

-New project on Arbitrum called @Vivex_official. Twitter bio states “Trade the future today with up to 100x leverage. ❯ Launching V1 imminently... ❯ Deploying on @arbitrum ❯ Aggressive roadmap...” h/t @toffee248:

Important News And Analysis

(key news, twitter threads, articles, videos, etc from last 24 hours)

-Macro schedule for the week ahead, h/t @KobeissiLetter:

-Bitcoin hashrate apparently at new all-time high’s:

-Another interesting Bitcoin stat, on 83.6% of the circulating $BTC apparently being in profit, h/t @WuBlockchain via Glassnode:

-Some ticker alfa for the week ahead from @TheDeFinvestor:

-@danrobinson from @paradigm came out with a statement distancing Paradigm from @BLAST_L2 that generated much attention:

-Dex volumes spiking alongside stablecoin liquidity, h/t @Flowslikeosmo:

-Very interesting macro chart from @mattcerminaro:

-Some notable unlocks this week generating a lot of attention (note: the dYdX unlock is somewhat nuanced/complicated but we couldn’t find a good thread on it to include so you’ll have to do more research if interested):

-Interesting trip down memory lane from @hossseeb via a thread of his from one year ago during the FTX collapse, well worth reading:

-Good thread of stats on Kujira- which has been generating much interest of late- from @PostTenebras2:

-Interesting story re: Cosmos/ATOM h/t @DefiantNews:

-@TaikiMaeda2 released an interview with @CL207:

-Parting wisdom c/o @CyberRevolt12:

Conclusion

Happy Monday friends and stay alert out there this week!

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

Note

More bullish sentiments on the good work of @silentdao_, cataloged by @hella_tifficult in the excellent thread below!

Once again, @silentdao_ is an upcoming privacy protocol creating a composable middleware encryption layer that allows privacy preservation within the EVM itself, thereby allowing users to interact with defi protocols anonymously….

Our editor @rektdiomedes has been helping spread the word about @silentdao_ alongside the rest of the gigabrain team, so make sure to follow them on Twitter and again, check out the excellent thread on them from @hella_tifficult below!

***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.