The Daily Degen- December 9th, 2024

Happy Monday friends! Start of another big week!

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: $3.71T

Gold: $2661.30

Oil (WTI): $68.81

US 10Y Treasury: 4.191%

Biggest Price Movers

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

Spotlight

The reasons to use @TokenSight_Io keep adding up good degens!

Once again, TokenSight is a trading bot + dex currently serving users across 10+ blockchains!

Some of their key features include:

- Exquisite UX with advanced analytics, real-time charts, seamless execution, portfolio tracking, and bridging—all in one platform!
- Secure self-custodial wallets
- Trading on over ten different chains via Web UI and Telegram Bot
- Different types of trades: Buy/Sell, Limit Orders, Stop Loss Orders
- Comprehensive portfolio overview via TokenSight Dashboard
- Referral program
- Fiat on-ramp

They also have some lucrative trading campaigns going on where you can earn $USDC as reward for your trading volume, earn points for 2025 $TKST airdrops, and automatically be entered into a weekly $USDC lottery if you trade more than 5k in volume!

We will be continuing to bang the drum about everything they are shipping, so stay tuned for additional info and make sure to follow them on Twitter for more updates!

Biggest TVL Movers + Else

Chains are quite red today. Top 25 chains red on all three timelines (daily, weekly, monthly) include Blast (#17), Linea (#21), and Scroll (#27).

Protocols are also red today. Top 100 protocols red on all three timelines (daily, weekly, monthly) include Ondo Finance (#59), and JustStables (#72).

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)

-$AAVE has been generating much positive attention + price action as of late! It is currently in a dip after almost hitting $300 earlier in the week… Do you think this is a good chance to go long 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 @cabbagedotapp. Twitter bio states “Cabbage litepaper now live! Trade smarter, not harder! 🥬 Waitlist launch soon. Follow to be first in line for access.” Followed by 4 of our mutuals. h/t @AresLabs_xyz:

-Something new called @BullaWorld. Twitter bio states “No beras allowed.” Followed by 11 of our mutuals. h/t @AresLabs_xyz:

-Something new called @yieldsdotfun. Twitter bio states “Got Yield? | 🔜”. Followed by 4 of our mutuals. h/t @AresLabs_xyz:

Security Alerts

-No security alert today.

Important News And Analysis

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

-Saylor/MicroStrategy updates from @thedefivillain (note: first tweet in sequence was from yesterday):

-Riot and Mara apparently starting to replicate the MicroStrategy flywheel strategy, h/t @WuBlockchain:

-Official Milady memecoin $CULT TGE (token generation event) is lighting up the TL today, h/t @zhusu:

-Below story re: @JupiterExchange is generating a lot of attention this morning, h/t @SolanaFloor:

-$ANZ airdrop update, h/t @flb_xyz:

-Pudgy Penguins generating much attention + excitement as its $PENGU token rolls out, h/t @WuBlockchain:

-Top fee-producers over the last week, h/t @Dynamo_Patrick:

-Additional headlines c/o @blocmatesnews:

-Interesting observation from @sandraaleow:

-Important reminder from @defi_naly:

-New video of TA and overall market analysis from @DaanCrypto:

-New livestream of top news in crypto, from @coinbureau:

-Extremely thorough new tutorial on memecoin trading from @blocmatesdotcom:

-New roundtable discussion from @Unchained_pod:

-New “Beginner’s guide to navigating the bull market” from @Jesseeckel_:

-Parting wisdom from @OX_DAO:

Conclusion

Have a great Monday and stay alert out there friends!

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

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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.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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