🌊 Wave Wisdom - December 30th, 2023

DATA
Key Prices

BTC $42,480 (0.35% 24h)

ETH $2,317 (-0.58% 24h)

SPY $476.49 (-0.29% 24h)

DATA
Market Overview

Total Market Cap $1.66T (0.02%)

Total Volume $66.49B (0.48%)

BTC Dominance 50% (0.11%)

ETH Dominance 16.74% (-0.12%)

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 $5.53m TVL and 81.01% APY

USDT (Clearpool Fas... on Idle with $5.24m TVL and 78.08% APY

FRAX (Aggressive) on Vesper with $3.9m TVL and 58.88% APY

DOLA-USDC on Aura with $3.87m TVL and 52.31% APY

DOLA-USDC on Aura with $3.83m TVL and 40.13% APY

MIM-ARBUSDCE-USDT (... on Beefy with $3.16m TVL and 38.77% APY

MKUSD-USDC (Prisma) on Beefy with $3.04m TVL and 37.56% APY

IDAI-IUSDC-IUSDT on Convex Finance with $2.58m TVL and 35.21% APY

MKUSD-FRAX-USDC (Pr... on Beefy with $2.32m TVL and 34.23% APY

PUSD-FRAXBP on Curve DEX with $1.93m TVL and 27.54% APY

NEWS
Talk of the Town

Alright, let's dive into today's newsletters and sift out the bullshit so you know what's actually going down.

Starting with Linn's Leverage, the dude's on holiday but still hustling, pushing his free newsletter with the option to upgrade for the juicy stuff in Linn's Ledger. He's got OATH Foundation backing him, the brains behind Ethos Finance and a couple of other DeFi projects. They're all about low fees and fat APYs, so might be worth a peek. Then there's RabbitX, a Perpetuals DEX that's gas-free with 20x leverage – Linn's all over it. And let's not forget Thena, the new Liquidity Layer and DEX on the BNB Chain. Linn's only in bed with teams that add real value, so take that as you will.

The Daily Degen's wrapping up the year with a glance at the tradfi markets. They've got their eyes on ChainEDGE, offering on-chain analytics for traders. They're also tracking TVL movements, with shoutouts to Solana and MultiversX for showing some growth. They're teasing new projects like Banana Miner and Echelon Market, but as always, you gotta do your own digging. And for news, they're talking about Avalanche's 'Culture Catalyst' program and dropping some Vitalik Buterin wisdom on making Ethereum cypherpunk again.

Now, HFA Research is giving us the lowdown on Canto's Neofinance ecosystem. They've got this "Neofinance Coordinator" gig, dishing out incentives for managing cNOTE supplies. They're aping Curve's governance model with veCANTO for voting rights. The big news is Vivacity Finance, letting folks deposit hyVWEAX and borrow NOTE at decent rates. They're seeing some serious action with $1 million in collateral and $4 million in supplied NOTE. Canto's moving from hype to actual use, and the yields are looking tasty, but it's a gamble if the market gives a damn about dollar-pegged assets like NOTE.

So, if you're keen on digging deeper into any of this, check out the sources:

• Linn's Leverage

• The Daily Degen

• HFA Research

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: 65 (-33.3% 24h Δ)

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

@Etherean007 highlighted potential good entry points in the market, implying a bullish sentiment with a "god tier entry" comment, yet tempered with a note of caution about the general hesitance to bid.

@RunnerXBT seemed to adopt a cynical stance, alluding to the crypto community's anticipation of a Bloomberg leak concerning a Bitcoin spot ETF and making sarcastic remarks about the market's responsiveness to rumors.

@Crypto_Chase expressed a conditional bullish outlook for Ethereum, contemplating a solid buying opportunity if there were to be a significant sell-off.

@Pentosh1 displayed optimism about the crypto space, not specifically citing bullish or bearish but rather advocating for an open-minded approach to the variety of blockchain opportunities.

@TraderKoz showed bullishness on Ethereum, seeing potential strength as the price approaches a demand zone, envisioning a hold or preparation for an ascent.

@SalsaTekila expressed frustration with recent trades, suggesting he might sideline until the next year, indicating a bearish or at least cautious short-term outlook.

@CryptoParadyme humorously shared dissatisfaction with real-life events (like a bad batch of berries) but also shared serious expectations, indicating Coinbase's preparation for a Spot Bitcoin ETF, which could be viewed as bullish news.

Are these traders fucking high on hopium or what? The outlook varied from guardedly bullish entry points to sarcastic digs at the market's reactivity to news, with some awaiting substantial moves in the new year. Overall, mixed sentiments with a lean towards strategic bullishness, but as always, take this with a grain of salt. The market flips more than a burger at a damn BBQ cook-off.

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 (-23.5% 24h Δ)

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

@TheEuroSniper highlighted $ORDS, emphasizing its successful quadruple exchange launch and hinting at its potential growth trajectory post-launch. The token's successful listings on multiple platforms suggest a strong market entry strategy.

@CryptoDet_ shared a bullish sentiment on $WHALES, now live on Raydium Protocol, hinting at the token's liquidity and accessibility.

@CryptoKaduna expressed confidence in $TRIAS, suggesting that its value could hit three digits sooner than expected, indicating a belief in the token's strong performance potential.

@Cryp__toad mentioned $NEON in the context of a Parallel EVM, suggesting an interest in the token's technological infrastructure and potential use cases.

@anger_trading brought up $CHAT from Vector AI, pointing to the token's relevance in the AI space.

@CryptoKaduna also mentioned $INJ, signaling a bullish stance on the token without providing specific reasons, but the mention alone implies it's worth watching.

@CryptoDet_ gave insights into various chains and their bridging experiences, noting that Solana, Cardano, and Tron had seamless processes, with Cardano's defi developments being particularly surprising.

@Cryp__toad also highlighted $KUJI, describing it as a heavy bag and a laggard with potential, backed by TVL (Total Value Locked) metrics, suggesting confidence in the token's future performance.

@anger_trading talked about $HIKARI from HikariToken, alluding to bullish behind-the-scenes activity and hinting at a strong hold recommendation into 2024.

@thedefivillain outlined several narratives for 2023 and the end-of-year ETF-driven pump, including BTC and Ordinals/BRC20, SOL and its ecosystem, AI, and alt L1s, suggesting these areas may see significant movement.

@CryptoKaduna suggested that $AIT is set for a higher valuation, indicating a belief in the token's upside potential post-presale.

@Cryp__toad shared information about the $IXS token, noting that major banks are looking to integrate it, hinting at significant institutional interest.

@ItsAverageJO provided a comprehensive recap of $IXS, detailing its potential partnership with Coinbase and its positioning as the Uniswap of Real World Assets, which could be a game-changer for the token.

@CryptoKaduna announced the first IDO for $COM stakers with @OrangeCryptoHQ, indicating a bullish outlook for early investors.

@anger_trading showcased $RVST from Revest Finance, pointing to strong volume profile and absorption of sellers, indicating a setup for explosive growth.

@BlocksNThoughts shared an accumulation strategy for $AEGIS, suggesting that a wick to a 10 million market cap would present a lucrative opportunity.

@ZheBrigadier mentioned $LRC and its upcoming Cancun upgrade, highlighting its potential as a less obvious bet compared to other ZK/L2 tokens, and also bought some $DUSK.

@toptickcrypto teased the potential of TAO's 32 subnets, implying a series of high-quality airdrops for stakers, which could be highly beneficial.

The common thread among these gem hunters is a focus on technological infrastructure, potential partnerships, and market positioning that could lead to significant price movements for the mentioned tokens.

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