What Happens To DeFi Today? (03 Nov 2022, Thursday)

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily.

Here are the news for you today.

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Current Price: $ 7.42 (24h Changes: -3.45 %)

Current Market Cap: $ 3,630,718,657 (24h Changes: -3.05 %)

Positive News

Chainlink's [LINK] staking plan gets a further boost, here's everything in detail

Source: AMBCrypto

Date: Wed, 02 Nov 2022 15:30:46

To prepare for the earlier announced December release of Chainlink [LINK] Staking v0.1, a crowdsourced audit has been launched on code4rena. According to Chainlink, this contest will help further tighten the security of the v0.1 codebase even further, in addition to the numerous code reviews that have been completed by top auditors.

ChainLink price analysis: LINK obtains bullish momentum at $7.8

Source: Cryptopolitan

Date: Wed, 02 Nov 2022 14:52:39

ChainLink price analysis for November 2, 2022, reveals the market following an upward movement, showing increasing momentum, signifying positivity for the LINK market. The price of ChainLink has remained bullish over the past few hours.



Current Price: $ 6.95 (24h Changes: -3.92 %)

Current Market Cap: $ 5,217,453,888 (24h Changes: -3.29 %)

Neutral News

Uniswap Price Could Skyrocket While PancakeSwap Price Collapses

Source: BeInCrypto

Date: Wed, 02 Nov 2022 10:30:00

The Uniswap (UNI) price has broken out from a descending resistance line and could be in the initial stages of a long-term upward movement. Conversely, the PancakeSwap (CAKE) price shows weakness and is expected to break down from its ascending support line.

Negative News

Uniswap price analysis: UNI declined from $7.28 as bearish momentum overgrows

Source: Cryptopolitan

Date: Wed, 02 Nov 2022 13:25:24

Uniswap price analysis shows that the cryptocurrency has undergone loss once again. After the bullish price function of yesterday, the bearish pressure has returned, and bears have taken the lead again.

Rug Pull: 97% Of Crypto Projects On Uniswap Were Scams, Study Reveals

Source: Bitcoinist

Date: Wed, 02 Nov 2022 09:42:58

Rug pull is a new type of scam which is now a part of a long history of investment schemes that make investors lose a lot, if not all, of their money.


Current Price: $ 79.96 (24h Changes: -5.51 %)

Current Market Cap: $ 1,128,261,437 (24h Changes: -5.28 %)

Positive News

MAS Launches First DeFi Pilot Tests With Polygon and Aave

Source: Blockchain News

Date: Wed, 02 Nov 2022 13:00:01

The Monetary Authority of Singapore has completed a pilot test on DeFi using Polygon and Aave

AAVE integrates Transak to facilitate crypto purchases via local payment methods, globally 

Source: Crypto Daily

Date: Wed, 02 Nov 2022 10:30:00

This November, Transak, a leading Web3 onboarding infrastructure provider, became the only on-ramp integrated by AAVE. Aave is a decentralized non-custodial liquidity market protocol that allows users to participate as borrowers or depositors.

Aave Likely to See Price Surge as Certain Network Activity Takes Place: Details

Source: UToday

Date: Wed, 02 Nov 2022 08:44:00

Aave may be in for price rise, per recently revealed analytics data

Neutral News

Aave Community Members Vote to Deploy on zkSync v2 Testnet

Source: Coindesk

Date: Wed, 02 Nov 2022 12:03:51

The decision will let developers evaluate whether to fully deploy its decentralized exchange on the layer 2 scaling platform that speeds up Ethereum transactions.

Aave: Why traders must overlook AAVE's address activity this trading season

Source: AMBCrypto

Date: Wed, 02 Nov 2022 11:30:34

Data from on-chain analytics platform Santiment revealed that October was marked by a rally in AAVE's network activity. This rally culminated in the altcoin registering a daily high of 495 new addresses on 30 October.

Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction

Source: The Block

Date: Wed, 02 Nov 2022 05:11:44

The live trade is the first of Singapore's Project Guardian pilot, which aims to explore the potential of DeFi applications in wholesale funding markets. The post Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction appeared first on The Block.


Current Price: $ 828.13 (24h Changes: -5.85 %)

Current Market Cap: $ 748,424,637 (24h Changes: -6.19 %)

Negative News

MakerDAO Co-Founder's Body Discovered in Puerto Rico

Source: CoinMarketCap

Date: Wed, 02 Nov 2022 03:39:26

Fellow co-founder Rune Christensen paid tribute to Nikolai Muchgian, writing: "Maker would have been toast without him."



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What Happens To Crypto Today?
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