🌊 Wave Wisdom - December 12th, 2023

DATA
Key Prices

BTC $41,609 (-1.77% 24h)

ETH $2,210 (-1.76% 24h)

SPY $459.69 (0.39% 24h)

DATA
Market Overview

Total Market Cap $1.57T (-0.88%)

Total Volume $79.16B (7.71%)

BTC Dominance 51.87% (-0.47%)

ETH Dominance 16.93% (-0.15%)

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

IDAI-IUSDC-IUSDT on Curve DEX with $5.03m TVL and 60.91% APY

DOLA-USDC on Aura with $4.29m TVL and 39.29% APY

USDC (USDC lending) on DeltaPrime with $4.02m TVL and 36.11% APY

MIM-ARBUSDCE-USDT on Beefy with $3.46m TVL and 27.29% APY

USDC (Aggressive) on Vesper with $2.89m TVL and 27.16% APY

USDC (USDC lending ... on DeltaPrime with $2.86m TVL and 26.74% APY

USDPY on Toros with $2.17m TVL and 23.54% APY

USDC on HoldStation DeFutures with $1.87m TVL and 21.60% APY

USDT-USDC on Joe V2.1 with $1.22m TVL and 21.20% APY

USDC.E-USDC on Joe V2.1 with $1.06m TVL and 21.17% APY

NEWS
Talk of the Town

Diving into today's newsletters:

The Daily Degen's got the scoop on Rodeo Finance's Alamo product, set to shake up the collateral borrowing scene. New launches are popping off left and right, with usecapsule, M2Exchange, and others stepping into the ring.

Humble Farmer Army's digging into Centrifuge, a big player in RWA tokenization. They're bridging the gap between on-chain and off-chain with a slick Polkadot Parachain. With $250m in TVL and a growing list of assets financed, they're a dark horse worth watching.

Linn's Leverage is all about DeFi metrics and liquidations. They're hyping up RabbitX.io for its no-gas-fee, high-leverage trades. Thena's partnership is on the radar, and they're not shy about their sponsorships, from Premia to Radpie.

Revelo Intel's dropping knowledge bombs on Blur's NFT exchange dominance and their new Layer-2 solution, Blast. They're also eyeing up Monad for its parallel execution chops and Ethena for its delta-neutral stablecoin plays.

Talks at Getmoni are reminiscing about Angry Birds and drawing parallels to the crypto game. They're not sweating Tether's wallet blocks or FTX's fund moves. El Salvador's "Freedom Visa" is on the table for those with deep pockets.

The DeFi Investor's getting bullish, pointing out the potential for gains if you've been stacking crypto. They're all about Kroma's new ZK Rollup on Ethereum and hunting for catalysts that'll pump token values. Hedging strategies are in the mix, and they're not fans of DCA during uptrends.

Synonym Finance is making waves with Wormhole tech in cross-chain lending. Revelo Intel's also got the dirt on Tether's frozen wallets and Goldman Sachs' rate cut predictions. They're tracking market moves and project updates like hawks.

So, what's the play? Keep an eye on those new product launches, track the TVLs, and watch for the big moves in NFT exchanges. And remember, this isn't just about the coins; it's about the tech and the teams pushing the envelope.

Check the sources: The Daily Degen Humble Farmer Army Linn's Leverage Revelo Intel Talks at Getmoni The Def Investor

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 (-23.1% 24h Δ)

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

@SalsaTekila expressed disappointment with INJ's weak breakout and decided to exit his position. He later suggested that it might be a good time to accumulate more $ETH, citing a "silent capitulation" and his own purchases.

@deltaxbt reflected on his own fluctuations in performance, stating October was his best month and November his worst. His sentiment towards ETHBTC remained bearish, advising to wait for a confirmed reversal instead of rushing entries. He also suggested patience is key for Bitcoin, targeting the low 30k range for potential bids.

@Etherean007 was enthusiastic about the launch of the RabbitX app and hinted at bullish sentiments for AI/Perp Dex Spot Bags, citing potential price movements for $RNDR and $RBX.

@Crypto_Chase agreed with a sentiment from @CryptoDonAlt but didn't add a specific market outlook.

@Pool2Paulie sarcastically mocked the indecisiveness of traders and pointed to a potential continuity of market choppiness with a decrease in CME OI.

@TraderMagus generally greeted the vibes of the day without revealing any strong market stance, but later expressed concerns about the potential loss of momentum.

@Pentosh1 and @CryptoKaleo focused on specific tokens, implying bullish movements for SMB GEN2's and AVAX respectively.

Other ct traders like @RookieXBT, @Bluntz_Capital, and @Awawat_Trades commented on more general trading conditions, such as the preference for new coins, the need for patience, and ongoing aggressive market rotations.

In summary, the ct traders' sentiments seem split with various levels of bullishness and bearishness, indicating a complex and divided outlook on the market direction.

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: 72 (-4.0% 24h Δ)

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

@TheEuroSniper is taking profits before the likely ETF, suggesting a strategic exit point rather than reacting post-announcement.

@defi_antcrypto is hyped about $INJ and the Injective Protocol, noting increased Twitter activity and potential for 100x returns due to new tokens and NFT airdrops like @PremierNinjas.

@ChadCaff is bullish on $WINR from @WINRProtocol, emphasizing the unexpected recent price movement and hinting at a future gaming narrative boom.

@CryptoKaduna has been giving a play-by-play on how to buy and stake $INJ, pointing out the potential explosion of the @Injective_ ecosystem and upcoming airdrops as a reason to get involved.

@Cryp__toad is big on $AGRS, arguing its potential as a leading AGI project and the revolutionary impact of its Tau Net language on software development.

@Crypto_L00n finds $PINT from @pintswap0x disgustingly undervalued, suggesting an imminent price increase.

@ZheBrigadier sees $KEVIN following the success of $STAMP, recommending attention to SRC-20 tokens.

@defi_antcrypto also mentions $TRADE from @Polytrade_fin, noting an increase in liquidity and advocating for a long-term play.

@Crypt0_Andrew is paying attention to $TIA from @Tiamonds, a real-world asset project tokenizing diamonds, highlighting its low market cap and potential growth in a burgeoning sector.

@CryptoDamus411 teases the future of BRC, RWA, and AI as the next big things in crypto, following the trend of ICOs, DeFi, and NFTs.

@Govanisher believes in the potential of $KEVIN and $STAMP as part of the SRC20 narrative, suggesting that $KEVIN could follow in $STAMP's footsteps with significant price action.

Multiple gem hunters, including @TheEuroSniper and @Cryp__toad, are focusing on $QUBIC, with @TheEuroSniper also accumulating $CTRL and discussing $CROWN's potential.

In summary, the tokens with the most buzz from these crypto gem hunters are $INJ, $AGRS, $PINT, $KEVIN, $TRADE, $TIA, $STAMP, $QUBIC, and $CROWN. These are the ones to watch if you're looking for potential gems in the market.

Mentioned Coins

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

Injective ($INJ) | Binance Launchpad

Celestia ($TIA) | Data Availability

Katana Inu ($KATA) | Gaming (GameFi)

stoicDAO ($ZETA) | Ethereum Ecosystem

Revest Finance ($RVST) | Ethereum Ecosystem

Pendle ($PENDLE) | LSDFi

Inspect ($INSP) | Ethereum Ecosystem

ApeBond ($ABOND) | Decentralized Exchange (DEX)

Sector ($SECT) | Arbitrum Ecosystem

Chainlink ($LINK) | Business Services

NEWS
New Governance Proposals

Sometimes these are pure alpha.

alETH Rebacking (Mainnet and Optimism) Plan (AIP 101) by Alchemix DAO is in Preliminary Discussion | Medium Importance | Posted 11 hours ago

Ensuring Impartiality and Integrity: Conflict of Interest Policy for SC Members in ApeCoin DAO by ApeCoin DAO is in Preliminary Discussion | Medium Importance | Posted 11 hours ago

Security Partnership With Code4rena by Redacted Cartel is in Preliminary Discussion | Medium Importance | Posted 12 hours ago

Chaos Labs Risk Parameter Updates - WBTC.e on V2 and V3 Avalanche by Aave DAO is in Preliminary Discussion | Medium Importance | Posted 20 hours ago

Plan to Reduce PSP Total Supply - Revoke and Burn DAO Vesting of Years 3 & 4 by Paraswap DAO is in Preliminary Discussion | Medium Importance | Posted 20 hours ago

Set yETH Pool Inclusion Rules and Weight Limits by Yearn DAO is in Preliminary Discussion | Medium Importance | Posted a day ago