Happy Tuesday 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: $3.57T
Gold: $2674.10
Oil (WTI): $69.13
US 10Y Treasury: 4.18%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Take note good degens! The team at @OcelexFi has just announced their public sale!
To quote from the full article:
“Ocelex’s public sale will be held in a Dutch auction format for 60 hours, starting on Monday, December 9th, 2024 at 10 UTC. The auction will start with an initial token price of $0.3 and gradually decrease until it ends or sold out…”
And- once again- Ocelex is a franchise expansion of @LynexFi on Zircuit! Lynex is a ve(3,3) dex and one of the largest protocols on Linea, and we’ve been raise awareness about everything they are doing, including this new Zircuit expansion!
Get all the details on the public sale in the full article here, and make sure to follow Ocelex on Twitter for continued updates!
Biggest TVL Movers + Else
Chains are relatively green today. Fastest-growing chains on the weekly with at least $20M TVL are Hedera, IOTA EVM, and Algorand.
Protocols are also mostly green. Fastest-growing protocols on the weekly with at least $20M TVL are Elixir, Synthetix, Thena, Abacus, and Bonzo Finance.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$LINK is up 25% in the last 24 hours good anons! And many are speculating whether it will follow the lead of $XRP and go higher, as well as the possibility of Chainlink ETF filings… Do you think the pop will continue?!? 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 @ConfidentialLyr. Twitter bio states “The First bridge to privacy blockchains. Enhance your crypto ( $ETH, $BTC ) with privacy & security features.” Followed by 12 of our mutuals.
-New project called @Hyperfluidxyz. Twitter bio states “Hyperfluid is a fully onchain hybrid orderbook AMM DEX built natively for @Aptos”. Followed by 2 of our mutuals. h/t @2lambro:
-New Aptos launchpad called @emojicoindotfun has been added to @DefiLlama. Twitter bio states “Give your wallet the personality it deserves, LIVE ON MAINNET 😜✨ Incubated by @econialabs…” Followed by 12 of our mutuals.
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
-Spectral Finance/Spectral Labs apparently suffered an exploit yesterday, h/t @JacksonWuML:
Important News And Analysis
-Morning headlines from @Tyler_Did_It:
-The XRP explosion continues, h/t @thedefivillain:
-Total defi TVL also now at all-time high’s, h/t @Dynamo_Patrick:
-The top tokens launched in November, h/t @CryptoRank_io:
-Fed governor Christopher Waller made some statements yesterday that were widely interpreted as dovish (implying Fed is leaning toward further interest rate cuts vs being more restrictive or cautious), h/t @FedGuy12:
-AI agents update from @0xadriandefi:
-Vitalik published a new blog post, summary from @WuBlockchain below:
-Additional news highlights from @cryptoIntegrat (take note of the Coinbase/VPN one especially):
-And more headlines c/o @blocmatesnews:
-Interesting macro note from @LukeGromen:
-Important reminder from @Awawat_Trades:
-New video published yesterday from @DaanCrypto:
-New macro interview with Russell Napier, from Demetri Kofinas:
-New @jediblocmates interview with @noahseidman from @blocmatesdotcom:
-Parting wisdom from @Pickle_cRypto:
Conclusion
Happy Tuesday friends! Stay hypervigilant out there!
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.
