🌊 Wave Wisdom - January 3rd, 2024

DATA
Key Prices

BTC $43,197 (-1.22% 24h)

ETH $2,228 (-3.29% 24h)

SPY $470.43 (-0.82% 24h)

DATA
Market Overview

Total Market Cap $1.65T (-2.35%)

Total Volume $114.58B (56.78%)

BTC Dominance 51.33% (0.58%)

ETH Dominance 16.26% (-0.18%)

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

DAI on Gains Network with $21.52m TVL and 95.51% APY

FRAX-SDAI on Curve DEX with $11.12m TVL and 83.47% APY

GDAI (For LP | Matu... on Pendle with $7.74m TVL and 80.75% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.47m TVL and 52.78% APY

USDC (GMX V2 USDC -... on Solv Funds with $4.37m TVL and 44.31% APY

DOLA-USDC on Aura with $3.85m TVL and 40.36% APY

MIM-ARBUSDCE-USDT (... on Beefy with $2.73m TVL and 37.08% APY

USDC-DAI-USDT-USDC on Aura with $2.62m TVL and 35.64% APY

IDAI-IUSDC-IUSDT on Convex Finance with $2.57m TVL and 21.21% APY

PUSD-FRAXBP on Curve DEX with $2.05m TVL and 21.14% APY

NEWS
Talk of the Town

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

Linn's Leverage is buzzing about the OATH Foundation and its low-fee, high-APY DeFi projects like ethos.finance and Reaper.Farm. They're also hyping up RabbitX.io, a gasless perpetuals DEX with 20x leverage, and Thena, a liquidity layer on the BNB Chain. These projects are shaking things up, and Linn's all about making profits while flipping the bird to the establishment.

Over at Castle Chronicle, they're popping bottles for their 50th issue. They've got the scoop on on-chain sleuthing, tracking wallets like Celsius Dump and GCR's meme coin bets. They're also eyeing Bitcoin ETFs, with traders betting big on approvals. Plus, they're inviting folks to join their ranks and back some fresh projects.

Revelo Intel is deep-diving into Hyperlane, a bridge aiming to connect chains with top-notch security and interoperability. They're also dishing out the dirt on Tellor's TRB token rollercoaster and Coinbase's stock jump. And for those who like to keep tabs on the big players, BlackRock's got its hands in a Bitcoin ETF.

The Daily Degen isn't holding back either. They're reporting a crypto price crash and pointing fingers at ETF denials. They're shining a light on SilentDAO, a privacy project for the EVM, and they're tracking the biggest TVL movers, which are mostly bleeding red. They've also got the lowdown on the latest stablecoin yields and a heads-up on an exploit at RDNT Capital.

Lastly, Crypto Narratives is wrapping up December with a bow. They're talking token unlocks, price surges, and the rise of Solana. They're all about those Alt Layer 1 trades and the buzz around parallelized EVMs.

So, if you're looking to stay ahead of the curve, keep an eye on these sources. Check 'em out:

• Linn's Leverage

• Castle Chronicle

• Revelo Intel

• The Daily Degen

• Crypto Narratives

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: 52 (-13.3% 24h Δ)

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

@RunnerXBT is not sold on the tiny positive moves of ETH/BTC, expecting a potential downturn soon.

@Etherean007 has a bullish stance on Dogecoin, suggesting a breakout if this week ends green, and signaled their speculative investment based on Binance's action, expecting profitable returns.

@SalsaTekila highlighted Tether's financial strategy with T-bills and its influence on the BTC market, suggesting a solid earning model and reinvestment into BTC.

@Crypto_Chase expressed frustration over the ongoing ETF saga, eagerly anticipating its approval to avoid the repetitive news cycle.

@Etherean007 debated the validity of flipping a bearish stance based on another trader's position change and took positions favoring Ethereum over Bitcoin.

@trader1sz shared various insights but remained cryptic on the market direction, while @Bluntz_Capital projected a positive outlook for tensorians.

@CryptoParadyme remained concise, referring to the sideways movement of TIA and connecting with industry commentary.

Across the board, ct traders mix cautious optimism with speculative plays, frustration over market narratives, and personal trading strategies amidst market volatility.

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: 85 (30.8% 24h Δ)

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

@QuantMeta is all over Ethereum (ETH), emphasizing its dominance and the potential for a significant on-chain run that could dwarf previous rallies in alternative L1s like Solana (SOL) and Avalanche (AVAX). They highlight ETH's substantial TVL and active address growth, signaling a bullish stance on the Ethereum ecosystem, including L2s like Arbitrum and Optimism.

@CryptoKaduna gives a shoutout to $BEFI from BefiLabs, flagging it as a no-brainer investment due to its low FDV and the research backing from Ape Terminal. They also hint at $DEXTF as a future gem to watch.

@Cryp__toad retweets bullish sentiment on $KUJI, suggesting a big move might be imminent, and notes the potential of $RWN, hinting at a fair valuation that could be significantly higher than its current price.

@TheEuroSniper is heating up on $WNT as a long-term hold and sees $ORDS as ready to pop, indicating these tokens might be on the verge of a breakout.

@kevSandersonz draws attention to $LAI from LayerAI as an undervalued project in the ZK layer 2 space for AI data, comparing its market cap with larger projects like $OCEAN and $TRAC and suggesting significant growth potential.

@CryptoKaduna also notes the recovery of $INJ, predicting new all-time highs and anticipates the same for main memecoins on its chain.

@ChadCaff highlights $NGS for its frequent partnership announcements and $SECT for its performance and revenue sharing success, suggesting these are solid projects to watch.

@CryptoDamus411 sends a strong signal about $RSTK, indicating it's at the early stages of a pump cycle, and @Crypt0_Andrew echoes the sentiment, suggesting $RSTK has room to grow and advising to keep an eye on the Arbitrum ecosystem.

@anger_trading is betting on meme projects $OGSM and $KIBSHI on Ethereum, forecasting solid potential for both.

@Crypto_Shaggy boasts about calling $RSTK early, indicating confidence in its continued performance.

@defi_antcrypto points out $ARB's resilience, making a new ATH while other major alts suffered, suggesting the Arbitrum ecosystem is primed for pumps, particularly with the upcoming launch of $SEN dApp.

These are the tokens and insights that stood out from the crypto gem hunters' tweets yesterday, with a particularly strong focus on Ethereum and its ecosystem, including L2 solutions and specific projects like $RSTK, $BEFI, and $ARB.

Mentioned Coins

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

Restake Finance ($RSTK ) | Ethereum Ecosystem

Domani Protocol ($DEXTF ) | Decentralized Finance (DeFi)

Injective ($INJ ) | Binance Launchpad

Wicrypt ($WNT ) | DePIN

Ordiswap ($ORDS ) | Ethereum Ecosystem

LayerAI ($LAI ) | DWF Labs Portfolio

Ocean Protocol ($OCEAN ) | DePIN

OriginTrail ($TRAC ) | Decentralized Science (DeSci)

NoGas ($NGS ) | Ethereum Ecosystem

Sector ($SECT ) | Arbitrum Ecosystem

Kujira ($KUJI ) | Kujira Ecosystem

Rowan Coin ($RWN ) | Energy

OG SMINEM ($OGSM ) | Ethereum Ecosystem

KiboShib ($KIBSHI ) | Ethereum Ecosystem

DarkMatter ($DMT ) | Ethereum Ecosystem

Grok ($XAI ) | BNB Chain Ecosystem

Arbitrum ($ARB ) | Arbitrum Ecosystem

Seneca ($SEN ) | Arbitrum Ecosystem

NEWS
New Governance Proposals

Sometimes these are pure alpha.

Deploy Compound III on Scroll by Compound DAO is in Preliminary Discussion | Medium Importance | Posted 7 hours ago

Allocate 7m OSMO to the OGP Multisig to Fund Market Making Operations for 12 Months (707) by Osmosis DAO is in Active Vote | Medium Importance | Posted 19 hours ago

V2 Ethereum LT Reductions (Jan. 2, 2024) by Aave DAO is in Preliminary Discussion | Medium Importance | Posted 20 hours ago

Osmosis Grants Program v3 Renewal (706) by Osmosis DAO is in Active Vote | Medium Importance | Posted 20 hours ago

Raise Maximum Gas to 300M and Lower Max Bytes to 5MB (705) by Osmosis DAO is in Active Vote | Medium Importance | Posted 21 hours ago