Happy Friday lads and ladettes! The dip has continued dipping!
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: $3.38T
Gold: $2601.53
Oil (WTI): $68.79
US 10Y Treasury: 4.552%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Are you a fan of the beloved OG defi protocol @Balancer good anon?!?
If so, take note of the extremely cool $10k content contest they are running (details in the thread below) to celebrate their new v3 release!
Submissions can include…
-Videos
-Articles
-Threads
-Dashboards
-Memes, Artwork, and etc
The deadline for submissions is January 11th, and again, all the important details are contained in the thread below!
We are going to be helping amplify everything the gigabrains at Balancer are shipping, so make sure to follow them on Twitter for more updates, and get all the details on their new v3 release by clicking here!
Biggest TVL Movers + Else
Chains are extremely red again. Only top 25 chains green on the weekly are Bitcoin (#4 - though this might be a data error), Hyperliquid (#8), and Core (#13).
Protocols are also very red. Only top 50 protocols green on the weekly are Ethena (#5), Babylon (#9), Morpho (#13), Hyperliquid (#18), Lombard Finance (#30), Hashnote USYC (#37), and Usual (#38).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$SOL is in a serious dip good degens! After hitting the mid-$200’s during the recent bullishness, its currently down to the $180’s! Are you buying the dip?!? Do you see more red days ahead?!? 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 @stakedMOVE. Twitter bio states “The premiere liquid-staking solution for the Movement network.” Followed by 1 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $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
-Bitcoin-dominance has risen for 7 straight days in a row as poor price action continues, h/t @cryptoklotz:
-Resignation of Aptos CEO and co-founder is generating much discussion:
-Lots of talk about Chinese bond market in macro circles, h/t @zerohedge:
-Binance listings alfa from @WuBlockchain:
-Additional headlines from @blocmatesnews:
-Lots of liquidation talk on the TL in wake of recent price action, h/t @CloutedMind:
-US debt ceiling issue generating lots of attention, h/t @fejau_inc:
-@RaoulGMI on the above:
-Lot of focus on mortgage rates in the US, which remain elevated, h/t @WarrenPies:
-Another AI Agent building tutorial from @dabit3:
-Wise words from @alpha_pls:
-New interview with @sandraaleow from @2lambro and @ManoppoMarco:
-New interview with Raoul Pal from @blocmatesdotcom:
-New interview with Pudgy Penguins founder Luca Netz, from @theempirepod:
-New roundtable of 2025 predictions from @Unchained_pod:
-Parting encouragement from @cburniske:
Conclusion
Have a good Friday 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.
