The Daily Degen- November 28th, 2023

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

Nov 28, 2023

Happy Tuesday good degens! Lots of stuff going on!

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: $2011.50

Oil (WTI): $75.62

US 10Y Treasury: 4.406%

Stocks (from:@News4Moves):

Biggest Price Movers

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

Spotlight

Attention good frogs! @Radpiexyz_io’s 2nd dLP RUSH is now live!

As background… Radpie is a new SubDAO from the gents at @magpiexyz_io that we’ve been helping raise awareness about, which is focused on helping on-chain defi users leverage the benefits of Radiant Capital aka @RDNTCapital… In this regard it is very similar to Magpie’s popular Pendle-specific iteration @Penpiexyz_io, but focused on Radiant instead :)

They've allocated 150,000 $RDP tokens for the 2nd dLP RUSH, which incentivizes the conversion of $dLP from @RDNTCapital into Radpie's mdLP token via @arbitrum, @BNBCHAIN, and @ethereum!

Check out all the details in their tweet + Medium article below, and make sure to follow both the @magpiexyz_io Twitter account as well as the @Radpiexyz_io one for more updates!

Biggest TVL Movers + Else

Chains are quite red today. Only top 25 chains green on the weekly are Base (#10), MultiversX (#19), zkSync Era (#20), and Sui (#21).

Protocols are very red today as well. Only top 100 protocols up at least 10% on the weekly are marginfi (#61), UwU Lend (#73), and Across Protocol (#84).

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 - minimum TVL $1M):

Here’s The Top 12 Dex’s By 24 Hour Volume (from @DefiLlama):

Here’s The Top 12 Derivatives/Perps Protocols By 24 Hour Volume (from @DefiLlama):

Other Data Points

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Ethereum Fear And Greed Index

(from @EthereumFear):

Top 12 Chains/Protocols By 24 Hour Fee Generation (from @DefiLlama):

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 Ordinals/BRC20-related project called @sparksordinals. Twitter bio states “Sparks. A new beginning. By @darewise @animocabrands”. h/t @Beacon_Early:

-New @BLAST_L2-related project called @blastar_fi. Twitter bio states “Blast points farming optimiser. Earn exponentially more points by depositing through Blastar. $STAR token coming soon to @Blast_L2”. h/t @Beacon_Early:

-New trading bot project called @faeriebotxyz. No Twitter bio. h/t @Beacon_Early - make sure to give them a follow!

-New project called @LabsGRE. No Twitter bio. h/t @thealphadigest:

-Something new called @XLinkbtc. Twitter bio states “The XLink bridge unifies the Bitcoin DeFi Ecosystem, merging Bitcoin L1 & L2s. XLink connects Bitcoin DeFi to liquidity on Ethereum and other blockchains.” h/t @twindoges:

-New ve(3,3) dex on @modenetwork called @GodModeFi. Twitter bio states “The most gas-efficient ve(3,3) on @modenetwork.” h/t @twindoges:

Top Stablecoin Yields

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

-The so-called “Mag7” stocks continue to radically outperform the rest of the US stock market:

-Interesting data on the top gas consumers on Ethereum in the past month c/o @AlanaDLevin:

-News on the much-awaited @jito_sol airdrop arrived yesterday:

-This chart showing an 18% yearly decline in the sales price of newly-built homes in the US is generating lots of discussion in macro circles, h/t @KobeissiLetter:

-Meme coins and NFT’s on Solana continue to generate a lot of excitement/attention, @MadLadsNFT in this case, h/t @coingecko:

-Reminder re: Avalanche block explorer changeover (recommend further research on intricacies/details of all this if interested but including the below tweet from @luigidemeo as reminder):

-Vitalik released a new blog post + thread on AI and the various questions surrounding it:

-New research report on Thena Finance from @jake_pahor as part of his ongoing research series:

-Good thread of yield farming opportunities from @kenodnb:

-Good thread from @jinglingcookies on @CoWSwap, which has been getting increasing attention as of late:

-Bullish sentiments c/o @crypto_condom:

-New @BanklessHQ video on THORChain/RUNE, interviewing Erik Voorhees and Chad Barraford:

-New crypto/macro livestream from @noahseidman:

-Latest crypto news breakdown from @coinbureau:

-Parting wisdom c/o @BowTiedNightOwl:

Conclusion

Happy Tuesday good degens!

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

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.