🌊 Wave Wisdom - January 2nd, 2024

DATA
Key Prices

BTC $45,450 (6.44% 24h)

ETH $2,394 (3.90% 24h)

SPY $476.49 (-0.29% 24h)

DATA
Market Overview

Total Market Cap $1.75T (5.14%)

Total Volume $70.96B (55.54%)

BTC Dominance 50.9% (0.64%)

ETH Dominance 16.44% (-0.21%)

DATA
Protocol/Chain Fees (24h)

The key to reading this graphic is to look for new entrants. This shows they are gaining adoption.

YIELD
Stablecoin Yields

Criteria: Stablecoins in audited pools with 20% or higher APY and greater than $200k TVL

USDT on Morpho Aave with $13.28m TVL and 100.00% APY

GDAI (For LP | Matu... on Pendle with $7.17m TVL and 75.69% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.53m TVL and 72.78% APY

USDC USDC on DeltaPrime with $4.94m TVL and 54.87% APY

DOLA-USDC on Aura with $3.86m TVL and 40.58% APY

USDC USDC lending on DeltaPrime with $3.41m TVL and 32.97% APY

IDAI-IUSDC-IUSDT on Convex Finance with $2.56m TVL and 32.70% APY

MKUSD-FRAX-USDC (Pr... on Beefy with $2.32m TVL and 24.49% APY

PUSD-FRAXBP on Curve DEX with $2.11m TVL and 24.34% APY

USDT USDt lending on DeltaPrime with $2.03m TVL and 20.93% APY

NEWS
Talk of the Town

Diving into today's newsletters, let's get straight to the good stuff.

Linn's Leverage is dishing out the latest on DeFi projects with a nod to their sponsor, the OATH Foundation. They're making waves with ethos.finance, Reaper.Farm, and digit.xyz, all getting props for their low fees and high yields. They're not just blowing smoke; these platforms are seriously shaking up the digital finance scene.

Then there's RabbitX, a Perpetuals DEX that's turning heads with its 20x leverage and zero gas fees. And let's not forget Thena, a fresh Liquidity Layer and DEX on the BNB Chain, partnering with Byte Masons to push the envelope further.

ct's buzzing too. Fiskantes is calling out how market narratives can blind us to real innovation. Sassal's betting big on Ethereum's future, despite the fee drama. And Rhino? He's schooling folks on the shifting market correlations and the need to get a grip on the real driving forces.

Linn's keeping it real, reminding us that their advice is more spiritual than financial. They're all about transparency, whether it's their research or past partnerships.

So, if you're keen to get the full scoop, check out the sources. And remember, always do your own digging.

OATH Foundation | RabbitX | Thena | Linn’s Leverage 264 Holiday Edition

SENTIMENT
Trader Thoughts

We bring you the best thoughts from top traders and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 75 (0.0% 24h Δ)

Let's dive into the ct traders' market outlook over the past 24h.

@CryptoParadyme sees bullish sentiment with an "ascending triangle meme" and a focus on "lesss gooooo," indicating an expectation of upward movement.

@CryptoKaleo expresses positivity about 2024 and hints at an upcoming rise in Ethereum's value with a "Soon" and a call to "Now send ETH."

@SalsaTekila celebrates a new 2-year high, sending a cheerful jab at the bears, implying a bullish outlook.

@TraderMagus notes aggressive spot buyers and prefers to "go with the flow," suggesting a bullish alignment with current market energy.

@CryptoKaleo also mentions the CME tradfi apes' active participation, highlighting a "huge premium" and potentially bullish market activity.

@Awawat_Trades, retweeting others, makes a bullish argument that high funding rates indicate that more people are longing, which is a positive sign.

@RunnerXBT sarcastically notes the "smell of FOMO" in BTC's trading and highlights Asia's strong stand against market disrespect, suggesting a slightly bullish yet cautious stance.

@Tradermayne talks about potentially remaining range-bound but acknowledges the current rise, implying a cautiously optimistic view.

@trader1sz has a mixed approach, showing potential breakout points in different markets and expressing a desire for certain levels to clear.

@Bluntz_Capital predicts new highs soon for $sol and sees bullish patterns in several altcoins, implying an expectation for a positive market move.

@HsakaTrades posts a routine of waking up to higher prices, portraying a bullish market where sellers are unable to have an impact.

@deltaxbt brings humor to stop losses and indicates a bullish gym sentiment, staying light on market stance.

Overall, ct traders are showing a mix of cautious optimism with a bullish lean, acknowledging movement in ETH and BTC, and anticipating market direction with some light-hearted banter.

SENTIMENT
Gem Hunter Thoughts

We bring you the best thoughts from top gem hunters and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 75 (0.0% 24h Δ)

Let's dive into what the gem hunters on ct are eyeing over the past 24h.

@crypto_popseye is bullish on $ARB after it hit ATHs, suggesting a rotation into the Arbitrum ecosystem. They also highlight $SEN @SenecaUSD due to an upcoming Dapp release and its unique yield-bearing assets.

@CryptoKaduna sees potential in $WINR and $AIT, noting a partnership between his two investments.

@QuantMeta is taking profits from L2 governance coins and moving into the Arbitrum ecosystem, riding the cultural wave as $ARB and $OP hit ATHs.

@0xGabbens is in on $RAVEN, suggesting he's joined the play.

@Cryp__toad is eyeing $AGRS as the best L1 AI project and hints at $NEON on Solana as a parallel to PEN. They also mention $CROWN with a first target price around $10.

@BlocksNThoughts talks about the pitfalls of full-stacking projects during consolidation phases and warns about the dangers of FOMO and panic selling.

@anger_trading emphasizes the growth potential of $CBK @CoinbackMEV, especially with its MEV blocking RPC expanding to other chains like $SOL, $BSC, and $MATIC.

@TheEuroSniper is bullish on $VAULT and $IXS, expecting moves to higher price targets, and also mentions $AIT as a hold for continued upside.

@ChadCaff is looking at $METIS reaching three digits soon, indicating a bullish sentiment on its ecosystem.

@CryptoDet_ hints at a bullish future for $RIO, while @Crypto_L00n retweets bullish sentiments on the same token.

@BlocksNThoughts has started DCA'ing into $Matic and $Atom, anticipating strong runs in 2024 based on their catalysts and products.

@Crypto_Shaggy suggests a Round 2 for BRC20s, listing $MUBI, $BSSB, $KOI, and $ORDS as tokens to watch.

@Cryp__toad also predicts that $QUBIC will soon see significant price movement, indicating a bullish stance.

Multiple mentions of a token indicate a stronger consensus or interest in that specific crypto asset. The analysis provided by the gem hunters gives insights into why they are bullish, such as upcoming releases, ecosystem rotations, partnerships, and unique project features.

Mentioned Coins

Disclaimer: This process is automated, so the links may be different than the coin actually mentioned.

Wicrypt ($WNT) | DePIN

Arbitrum ($ARB) | Arbitrum Nova Ecosystem

Optimism ($OP) | Layer 2 (L2)

Gambex ($GBE) | NFT

Oasis Network ($ROSE) | Smart Contract Platform

NEWS
New Governance Proposals

Sometimes these are pure alpha.

Rapid Research Incubator Submission - rETH Protection through RPL Rerouting and Deflation by Protocol DAO (pDAO) is in Preliminary Discussion | Medium Importance | Posted 11 hours ago

Livepeer AI Video Compute SPE by Livepeer DAO is in Preliminary Discussion | Medium Importance | Posted 12 hours ago

Launch Aave V3 on Kava EVM by Aave DAO is in Preliminary Discussion | Medium Importance | Posted 12 hours ago