🌊 Wave Wisdom - January 3rd, 2024

DATA
Key Prices

BTC $43,709 (-3.83% 24h)

ETH $2,303 (-3.76% 24h)

SPY $472.16 (-0.56% 24h)

DATA
Market Overview

Total Market Cap $1.69T (-3.5%)

Total Volume $73.08B (2.96%)

BTC Dominance 50.75% (-0.15%)

ETH Dominance 16.44% (0%)

DATA
Chain TVL

DATA
Protocol/Chain Fees (24h)

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

DATA
CEX Inflows & Volume

In order by assets

YIELD
Stablecoin Yields

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

GDAI (For LP | Matu... on Pendle with $7.1m TVL and 95.82% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.46m TVL and 80.73% APY

USDC (USDC lending ... on DeltaPrime with $5.11m TVL and 77.83% APY

DOLA-USDC on Aura with $3.86m TVL and 46.51% APY

MIM-ARBUSDCE-USDT (... on Beefy with $2.7m TVL and 40.64% APY

IDAI-IUSDC-IUSDT on Convex Finance with $2.58m TVL and 37.48% APY

LUSD-USDC (0.05%) on Uniswap V3 with $2.34m TVL and 33.04% APY

PUSD-FRAXBP on Curve DEX with $2.11m TVL and 30.58% APY

USDC on Gearbox with $1.84m TVL and 26.56% APY

GHO-USDC-USDT-DAI-L... on Sommelier with $1.74m TVL and 20.41% APY

NEWS
Talk of the Town

Diving into today's newsletters, we're unpacking the latest from the decentralized finance trenches. Let's get into the thick of it.

Linn's Leverage is buzzing about the OATH Foundation's DeFi projects like ethos.finance and Reaper.Farm, which are making waves with their low fees and high APYs. They're also hyping up RabbitX, a Perpetuals DEX that's gas-free and offers 20x leverage. Thena's also on their radar, a Liquidity Layer and DEX on the BNB Chain that's turning heads.

The Daily Degen's got its eyes on the 'Airdrop Meta' of 2024, with BotanixLabs, Hyperliquidx, and aevoxyz leading the charge. They're also tracking TVL movers like Manta and Astar, and they're all about those top stablecoin yields. Keep an eye on $ARB's price spikes and the chatter around upcoming airdrops.

Revelo Intel's deep dive into Vertex Protocol is a must-read.

This DEX on Arbitrum is outpacing dYdX in daily volume and is all about that high-performance trading life. They're using centralized servers and optimistic processing to keep things smooth, but remember, that means a trade-off with decentralization.

And Humble Farmer Army's newsletter is a goldmine for yield farmers. Gains Network, WOOFi, f(x) Protocol, Orange Finance, and Hyperliquid are just a few of the names dropping some serious APR numbers. They're also hinting at a juicy $DYM airdrop, so keep your eyes peeled.

That's the scoop. For the full download, check the sources:

Linn's Leverage #264 - Holiday Edition The Daily Degen- January 2nd, 2024 Vertex Protocol: What You Need to Know Farms of the Week 1/2 - HUGE $DYM AIRDROP!!!

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: 60 (-20.0% 24h Δ)

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

@Etherean007 is feeling bullish as fuck, boasting about longs on ETH and DOGE after a market dip and looking forward to a DOGE bull run. This trader got in on some low positions and is holding out for a significant bounce.

@trader1sz is playing it more cautiously, commenting on BTC's range-bound state and quick selloff but expects choppy conditions to continue until there's a clear break from the current range.

@deltaxbt seems to be taking signals from LDO pumps but is also focused on short-term mean reversion rather than holding positions for an extended period.

@RunnerXBT is dealing with some frustration due to exchange limitations on order sizes but seems ready for any significant market moves after the holidays.

@Crypto_Chase feels like he missed an ideal entry on ETH and is sitting out momentarily, signaling an overall cautious approach as well.

Many others like @HsakaTrades, @Bluntz_Capital, and @CryptoParadyme are discussing specific coins and potential narratives, with mixed views on market movements. Some are just sharing life and music, while others are giving updates on positions or trolling on the platform.

The sentiment is a chaotic mix of bullishness, caution, and real-time reactions to the market's ups and downs. Traders are navigating the chop with opportunistic trades and a sharp eye on key levels, without too much triumphalism or despair.

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: 65 (-13.3% 24h Δ)

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

@Cryp__toad is hyping up $NEON, pointing out its potential due to a Tier 1 CEX listing, Coingecko and CoinMarketCap listings, and a SVM partnership on the horizon. This token's under-the-radar status could change quickly with these developments.

@anger_trading is bullish on $OGSM from @thesminemverse, emphasizing its potential to outperform even during bearish times. He also sees $AZEE and $PANO as worthy of attention, and he's keeping an eye on $CHAT, an AI project that seems promising.

@TheEuroSniper has his sights on $GB, predicting it could become the BNB Chain of this cycle. He's also big on $AGRS, touting it as the highest potential AI project in the space.

@ItsAverageJO is putting the spotlight on $RWN, seeing it as a strong long-term play with significant revenue potential. He's urging followers to check out an in-depth thread on the token.

@CryptoKaduna is throwing his weight behind $BRCT, expecting it to be a hit due to its low market cap and multiple exchange listings. He's also an early investor in @theapeterminal.

@KaminoCrypto believes $DINERO is ready to level up, hinting at a positive shift for the token.

@Cryp__toad is clearly not a fan of $OLAS, slamming it for various reasons including a large supply and poor tech. However, he's quite bullish on $AGRS and $WNT, noting the latter's compatibility with Starlink.

@ChadCaff expects GameFi to be a big narrative and is betting on $GAMEFI and $TITANS, particularly on the $METIS chain.

@CryptoKaduna also mentions $RUNE, while @Rationalape1 is talking up $WAGMI due to upcoming developments and compares it to $GOOD, which is already leading in time-bound liquidation.

@anger_trading is feeling mid-term bullish, particularly due to projects like $LFG and @dymension incentivizing DEX multi-chain users.

@CryptoKaduna is also keeping tabs on $OLAS, noting its new all-time high and predicting a $50 target.

@TheEuroSniper is monitoring $MIND, expecting a breakout and a new all-time high if it maintains its current pattern.

@thedefivillain is seeing resilience in $SEI, suggesting it has the momentum for another price increase.

@CryptoKaduna updates on $WELSH, the first memecoin on Bitcoin layer 2, now listed on MEXC, highlighting a potential 30x growth to a 1B market cap.

@thedefivillain also points out the strength of ETH-related coins, anticipating a rise due to the EIP-4844 catalyst.

@IndianaAltzz notes $ORDS hitting an all-time high with cross-chain swaps using @THORChain pools on the horizon.

@ZheBrigadier is watching $SEN get bids and hints at a possible rotation within the $ARB ecosystem.

These are the tokens and insights that stood out in the last 24 hours from the ct gem hunters. Keep an eye out, but remember, this ain't financial advice, so do your own damn research.

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.

Update SPOT BondIssuer Tranche Ratios to [33/67] by Ampleforth DAO is in Preliminary Discussion | Medium Importance | Posted 11 hours ago

Incentives Adjustment for January 2024 (704) by Osmosis DAO is in Active Vote | Medium Importance | Posted a day ago

Grants Org Proposal 2024 - V2 by Radicle DAO is in Preliminary Discussion | Medium Importance | Posted a day ago