🌊 Wave Wisdom - January 12th, 2024

DATA
Key Prices

BTC $42,618 (-7.30% 24h)

ETH $2,544 (-3.87% 24h)

SPY $477.84 (0.07% 24h)

DATA
Market Overview

Total Market Cap $1.67T (-5.43%)

Total Volume $96.91B (-0.67%)

BTC Dominance 49.85% (-1.03%)

ETH Dominance 18.25% (0.28%)

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 $27.99m TVL and 50.90% APY

GDAI (For LP | Matu... on Pendle with $13.41m TVL and 49.93% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.49m TVL and 45.75% APY

FRAX (Aggressive) on Vesper with $4.64m TVL and 44.00% APY

USDC (GMX V2 USDC -... on Solv Funds with $4.43m TVL and 34.96% APY

DOLA-USDC on Aura with $3.79m TVL and 34.61% APY

MIM-ARBUSDCE-USDT (... on Beefy with $3.15m TVL and 33.94% APY

DAI-USDT (0.01%) on Uniswap V3 with $2.84m TVL and 29.84% APY

IDAI-IUSDC-IUSDT on Convex Finance with $2.59m TVL and 22.12% APY

PUSD-FRAXBP on Curve DEX with $2.42m TVL and 21.22% APY

NEWS
Talk of the Town

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

Linn's Leverage is hyping up The OATH Foundation's DeFi projects like ethos.finance, Reaper.Farm, and digit.xyz for their juicy APYs. They're also big on RabbitX.io, a Perpetuals DEX that's shaking up the financial system with 20x leverage and no gas fees. Thena's making waves as a next-gen Liquidity Layer on the BNB Chain, getting love from Byte Masons.

Sei blockchain is boasting a 390ms finality with its Twin Turbo Consensus, and it's not just talk; their testnet's already showing off EVM compatibility. The $SEI token's staking for a 4-5% APY, and the market cap's ballooned to $1.6 billion. Watch out for VC unlocks later this year, though; could be a wild ride.

BlackRock's Larry Fink dropped a bombshell hinting at an Ethereum ETF by May. Meanwhile, Berachain's test tokens are up for grabs on gas.zip, and Bitfinity's Bitcoin Layer-2 snagged $6 million in funding, with big names like Polychain Capital in the mix.

The Daily Degen's got its eye on @silentdao_, a privacy project gearing up for launch. They're also tracking TVL gains in protocols like Sushi and NAVI, and they're all about that Avalanche and Sui action.

Cosmos is getting love for its liquid staking innovations, with Sunny Aggarwal from Osmosis talking up stkOsmo and the importance of multiple liquid staking options. Cosmos tech is expected to outdo Optimism, and $ATOM is gunning for interchain money status with decentralized governance.

Bitcoin ETFs are turning heads, with traditional investors piling in. But Ethereum and memecoins stole the show on ETF approval day. And some lunatic dropped $6 million on Dog WIF Hat coin, because why the hell not?

Crypto, Distilled #58 is all about ETH's stellar performance post-BTC ETF approval, with a 14.5% rise. They're also eyeing a potential disbelief phase in the altcoin market and BlackRock's nod to BTC as a protective asset class.

That's the rundown. Check the sources if you want to dive deeper.

Linn's Leverage A Dive Into Sei Daily Crypto News Summary The Daily Degen Cosmos 2024: What You Need to Know Is It All Over Now? Crypto, Distilled #58

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: 50 (-25.4% 24h Δ)

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

@CryptoParadyme delivered a neutral sign-off, possibly indicating a break from the market.

@Awawat_Trades shared a thread on managing losing trades, suggesting traders are focusing on risk management.

@RunnerXBT questioned buying strategies for BTC at current levels, hinting at a possible entry point based on traditional support levels.

@trader1sz called out another trader for ignorance, detracting from market discussion but highlighting community interactions.

@Bluntz_Capital mentioned assets holding well during dips, implying a bullish stance on specific picks.

@CryptoKaleo hinted at a lively market, encouraging participation in a Bybit competition, which could suggest some optimism.

@LomahCrypto retweeted an acknowledgment of the difficulty in trading, underscoring the grind irrespective of skills.

@Tradermayne's series of defeatist and satirical tweets reflect a bearish sentiment or frustration with recent market movements.

@Pool2Paulie made a tongue-in-cheek proposal for Coinbase to introduce an airdrop, potentially criticizing the platform's strategies.

@SalsaTekila showed concern for a shaky individual, which might express uncertainties permeating the market atmosphere.

@TraderKoz shared a perspective shift in conversations around crypto, indicating a broadening acceptance of the space.

Finally, statements like "if you're shorting the 42k you deserve to lose money" from @SalsaTekila showcase a blend of bearish mockery and a bullish expectation for a rebound.

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 (-11.8% 24h Δ)

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

@V2Chenz is keeping an eye on $ROSE, hinting at upcoming solid launches that could draw significant interest to its ecosystem. The anticipation of these events has the potential to impact the token's value positively.

@CryptoKaduna believes $INJ is set for its own season regardless of Bitcoin's movements, suggesting confidence in Injective Protocol's independent market potential.

@ChadCaff highlighted $INSP, pointing out the strength of its chart and the potential of @inspectxyz to simplify crypto for mainstream users, which could be a catalyst for increased adoption and price action.

@IndianaAltzz is bullish on BRC-20 tokens, particularly $SAVM, citing its recent partnership and technological compatibility as reasons to watch its launch closely.

@Cryp__toad put a spotlight on $WNT from Wicrypt, detailing a series of strategic partnerships and expansions that could position it for significant growth, especially given the comparisons to Helium's previous valuation and the potential for a hundredfold increase.

@ItsAverageJO and @IndianaAltzz both emphasized the potential of real-world asset (RWA) tokens, with mentions of $GB, $NXRA, and $IXS as investments that could front-run traditional finance.

@CryptoKaduna also teased interest in $DEXTF, but without providing specific reasons, leaving a sense of anticipation hanging.

In summary, the tokens to watch based on these crypto gem hunters' insights are $ROSE, $INJ, $INSP, $SAVM, $WNT, and various RWA tokens. Their analyses range from ecosystem developments, technical chart patterns, strategic partnerships, and sector disruption potential, all of which could contribute to their bullish stances on these assets.

Mentioned Coins

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

Neon ($NEON ) | Solana Ecosystem

Agoras: Currency of Tau ($AGRS ) | Artificial Intelligence (AI)

Data Lake ($LAKE ) | Decentralized Science (DeSci)

Crown by Third Time Games ($CROWN ) | Animal Racing

Rowan Coin ($RWN ) | Energy

Ordiswap ($ORDS ) | Ethereum Ecosystem

Revest Finance ($RVST ) | Ethereum Ecosystem

IX Swap ($IXS ) | Poolz Finance Launchpad

Sinverse ($SIN ) | DWF Labs Portfolio

AimBot ($AIMBOT ) | Telegram Apps

ApeSwap ($BANANA ) | Decentralized Exchange (DEX)

InfinityBit Token ($IBIT ) | Ethereum Ecosystem

HILO ($HILO ) | Ethereum Ecosystem

Rollbit Coin ($RLB ) | Gambling

Wiskers ($WSKR ) | Ethereum Ecosystem

Metis ($METIS ) | DWF Labs Portfolio

Krest ($KREST ) | DePIN

SELL THE TOP
Coinbase App Store Ranking

When this hits #1 it’s time to sell, until then we grind.

Overall Ranking

#341 (18.23% 24h Δ)

Finance Category

#25 (10.71% 24h Δ)

NEWS
New Governance Proposals

Sometimes these are pure alpha.

Deploy Compound III on Scroll by Compound DAO is in Preliminary Discussion | Medium Importance

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

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

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

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