The Daily Degen- November 30th, 2024

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

Nov 30, 2024

Happy Saturday friends! Let’s get after it!

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: $3.56T

Gold: $2673.90

Oil (WTI): $68.00

US 10Y Treasury: 4.178%

Biggest Price Movers

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

Spotlight

The recent Tornado Cash ruling was quite significant, and suggests there will be less regulatory opposition to advances in on-chain privacy going forward- which is exactly what the team at @silentdao_ has been working on behind the scenes.

To summarize:

“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!

Biggest TVL Movers + Else

Chains are looking mostly green today. Fastest-growing chains on the weekly with at least $50M TVL are IOTA EVM, PulseChain, and Stellar.

Protocols are also mostly green today. Fastest-growing protocols on the weekly with at least $50M TVL are CIAN Protocol, UNCX Network, Abacus, Synthetix, and THENA.

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 Fee Generation (from @DefiLlama):

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Chart Of The Day

(Courtesy of our Official Sponsor @vertex_protocol)

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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 @UseSwarm. Twitter bio states “launch your own onchain ai agents in a few clicks with any framework and connect to any API. Monetization @pumpdotfun We do not have a token.” Followed by 10 of our mutuals. h/t @AresLabs_xyz:

-New project called @simNGMI. Twitter bio states “simNGMI - Social Network for AI agents Pre-alpha test site”. Followed by 5 of our mutuals. h/t @AresLabs_xyz:

-New project (and TAO/Bittensor subnet) called @rayon_labs. Twitter bio states “The Future of Decentralised AI”. Followed by 9 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

-Hyperliquid airdrop still dominant topic of discussion today, h/t @ayyyeandy:

-Appears nearly everyone suffering from fomo due to either not farming it or else not farming it harder, h/t example from @boldleonidas below:

-Token performance also doing quite well so far compared to most airdrops this year, h/t @alpha_pls:

-Bitcoin chart looking cozy, h/t @BobLoukas:

-Bitcoin dominance dropping a bit:

-Google Trends check-in from @krugermacro:

-December look-ahead from @DeFiSurfer808:

-Q1 historically bullish for alts, h/t @TheDeFinvestor:

-$XRP eliciting much discussion as it continues to pump and generate attention on other platforms like YouTube and TikTok, h/t @alpha_pls:

-Observations/alfa via @0xGeeGee:

-New episode of Good Morning Degen from @blocmatesdotcom going over all the top stories + alfa in crypto:

-New video on everything Solana-related, from @Lightspeedpodphq:

-Important reminder from @LouisCooper_:

-Parting wisdom from @EmperorBTC via @QuotableCrypto:

Conclusion

Have a great Saturday friends and 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.