Merry Christmas and Happy Wednesday friends!
Here’s to a profitable and Yuletide-maxxed day! :)
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: $3.58T
Gold: $2625.80
Oil (WTI): $70.33
US 10Y Treasury: 4.625%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Tons of stuff going on with @vertex_protocol good anons!
-Upgrades to produce even deeper omnichain liquidity via their custom infra @EdgeLayer…
-New deployments on Sonic and Botanix…
-Major rewards for users on SEI…
-Equally big rewards for users on Base…
-More lucrative competitions for traders…
-And absolutely MASSIVE APR’s for LP’s and VRTX stakers!
Get started trading 50+ perps and spot markets now at app.vertexprotocol.com and make sure to follow them on Twitter for more updates!
And get started earning the big APR’s below by staking VRTX, and benefit from their VRTX buyback-and-burn program as well!
Biggest TVL Movers + Else
Chains are quite green today. Fastest-growing protocols on the weekly with at least $50M TVL are Stacks, BOB, ICP, Taiko, and Hedera.
Protocols are quite green today as well. Fastest-growing protocols on the weekly with at least $50M TVL are Core dex BitFLUX, Stacks lending protocol Zest, Eth Mainnet basis trading protocol Resolv, multichain EVM basis trading protocol USDX Money, and ETH Mainnet RWA protocol Usual.
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)
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!)
-Something new called @sporedotfun. Twitter bio states “Ancestor and singularity, the origin of a new AI swarm... CA: 8bdhP1UQMevciC9oJ7NrvgDfoW8XPXPfbkkm6vKtMS7N”. Followed by 25 of our mutuals. h/t @redphonecrypto:
-Something new called @EliteAgents_AI. Twitter bio states “Co-own AI Utility Agents on @solana. No-code builder assembles community contributed Abilities used by EAs to perform on and off-chain tasks. Made by @genopets” Followed by 5 of our mutuals. h/t @AresLabs_xyz:
-New project called @proofdotfun. Twitter bio states “Decentralized co-ownership of human progress incubated by @nebrazkp”. Followed by 8 of our mutuals. h/t @AresLabs_xyz:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($20M+ TVL, single-exposure, no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
-$ETH TA from @DaanCrypto:
-RWA TVL up 58x in the last three years, h/t @DefiLlama:
-Lot of Bitcoin mining stocks doing poorly, h/t @WuBlockchain:
-@pumpdotfun has now surpassed $300M in total revenue, h/t @0xngmi:
-Hyperliquid still generating substantial revenue, h/t @0xngmi:
-Seeing a variety of cool tax-loss harvesting tools popping up, see example below from @CryptoTaxSucks - as always though please exercise extreme caution and due diligence with anything you are going to interact with on-chain though:
-Thoughts for devs in 2025 from @dabit3:
-Excellent new article on @_kaitoai’s ‘Yaps’ program and prospective airdrop and how to take advantage of it, from @thedefiedge:
-Thread of daily AI Agent alfa/news/etc from @S4mmyEth:
-More AI thoughts from @balajis:
-Great tweet of trading lessons learned in 2024, from @c0xswain:
-New Solana-focused episode of @Unchained_pod:
-New crypto/macro livestream from @noahseidman:
-Parting wisdom from @BowTiedTiger:
Conclusion
Happy Wednesday and Merry Christmas friends! Appreciate you all tremendously!
And please RT/subscribe/etc if you found this valuable!
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Note
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“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 and check out the great thread on them from @kenodnb below!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor @vertex_protocol 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.
