Happy Thursday good degens! The post-election spike continues!
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: $2.65T
Gold: $2698.30
Oil (WTI): $71.17
US 10Y Treasury: 4.363%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Important article from the team at @silentdao_ as they continue to develop their revolutionary on-chain privacy architecture!
The article:
“...delves into alternative strategies for mitigating illicit activity within privacy-focused ecosystems and explores the intricate cryptographic mechanisms underpinning the Silent Compliance VM.”
This compliance variable is one of the most fascinating (and challenging) aspects of what Silent is attempting to build, so make sure to check out the article by clicking here now!
And once again, our editor @rektdiomedes is helping bang the drum about everything Silent has been building, so make sure to follow them on Twitter for more updates!
Biggest TVL Movers + Else
Chains are quite green again today! Only top 25 chains red on the weekly are Tron (#2), Polygon (#9), Avalanche (#10), Scroll (#18), and TON (#21).
Protocols are also very green… Only top 50 protocols red on the weekly are JustLend (#8), JustStables (#23), Aerodrome (#31), Puffer Finance (#38), SUN (#42), Tether Gold (#44), and Ondo Finance (#45).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $1M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$ETH has finally spiked relative to $BTC and $SOL over the last 24 hours! Is this the start of a huge retrace upward anon?!?! Express your thesis via spot or leverage now with Vertex and access 50+ other markets as well at app.vertexprotocol.com!
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 @buildonspark. Twitter bio states “Scaling Bitcoin for payments”. Followed by 12 of our mutuals. h/t @AresLabs_xyz:
-Something new called @global_dollar. Twitter bio states “An open network to accelerate and reward stablecoin adoption, powered by Global Dollar (USDG).” Followed by 12 of our mutuals. h/t @AresLabs_xyz:
-New project called @LRTsquared. Twitter bio states “The standard in Liquid Restaking Rewards”. Followed by 14 of our mutuals. h/t @AresLabs_xyz and @phtevenstrong:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Euphoria and optimism still dominating the TL, h/t @singularity7x:
-Lot of discussion about whether the election will have marked the BTC-Dominance top, h/t @intocryptoverse:
-$COIN surged 30% yesterday and the Coinbase app store ranking has jumped from spot #412 to #117 in the last two days, h/t @DreadBong0:
-Interesting note c/o @MapleLeafCap:
-$COW from defi protocol CoWSwap popped 150% yesterday after being listed on Binance and is generating much attention, h/t @hmalviya9:
-Hyperliquid excitement continues, h/t @GreenGeorgeHL:
-Sentiment check c/o @osf_rekt:
-Interesting airdrop data, h/t @flb_xyz:
-Additional headlines c/o @blocmatesnews:
-Great recap of the year’s narratives, h/t @sandraaleow:
-Interesting predictions from @MikeIppolito_:
-Latest NFA Live airing right now, featuring @coinbureau and @NewsAsset:
-New crypto/macro livestream from @noahseidman:
-New interview with Monad founder Keone Hon from @JackNiewold:
-New interview (from yet another Blockworks channel apparently, called @ExpansionPod_) featuring @MikeIppolito_ interviewing @cburniske and @ryanwatkins_:
-Parting sentiments c/o @BobLoukas:
Conclusion
Happy Thursday friends! Enjoy the positive price action 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.