What Happens To DeFi Today? (04 Jan 2023, Wednesday)


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CHAINLINK (LINK)

Current Price: $ 5.6 (24h Changes: -2.1 %)

Current Market Cap: $ 2,752,668,925 (24h Changes: -2.09 %)

Positive News

NFTs: FSN, Chainlink Labs to Accelerate NFT Adoption in South Korea

Source: CrowdFundInsider

Date: Tue, 03 Jan 2023 10:06:36

The team at FSN is pleased to announce a channel partnership with Chainlink Labs in order “to accelerate the widespread adoption of NFTs and the NFT ecosystem in South Korea.

Neutral News

Grayscale Ethereum Trust (ETHE) Hits Record 60% Discount; Filecoin & ChainLink Still Up

Source: Coingape

Date: Tue, 03 Jan 2023 11:05:35

The failure of the FTX empire, which was formerly the third-largest cryptocurrency exchange in the world, has apparently affected a significant number of crypto firms and products, the ripples of which are still being felt throughout the industry. As a result of the occurrence, the values of cryptocurrencies have significantly decreased, which in turn has The post Grayscale Ethereum Trust (ETHE) Hits Record 60% Discount; Filecoin & ChainLink Still Up appeared first on CoinGape.

Negative News

These Altcoins Will be Hammered if Grayscale Needs to Liquidate

Source: BeInCrypto

Date: Tue, 03 Jan 2023 00:46:34

All eyes are on Grayscale and DCG this week as pressure on the parent company mounts and fears of an altcoin trust liquidation grow. The post These Altcoins Will be Hammered if Grayscale Needs to Liquidate appeared first on BeInCrypto.

 

UNISWAP (UNI)

Current Price: $ 5.33 (24h Changes: -1.82 %)

Current Market Cap: $ 4,013,750,909 (24h Changes: -1.68 %)

Negative News

Security firm Debaub finds critical vulnerability in Uniswap smart contract

Source: The Block

Date: Tue, 03 Jan 2023 14:52:24

Auditing firm Debaub discovered a medium severity vulnerability in the Uniswap Universal Router smart contract that allowed third parties to potentially steal funds during token transfers. The post Security firm Debaub finds critical vulnerability in Uniswap smart contract appeared first on The Block.

 

LIDO DAO (LDO)

Current Price: $ 1.21 (24h Changes: -2.45 %)

Current Market Cap: $ 1,005,676,277 (24h Changes: -2.95 %)

Positive News

Prediction: New Narrative Could See These Altcoins Skyrocket In 2023

Source: NewsBTC

Date: Tue, 03 Jan 2023 10:00:47

A look at the top performers over the past 24 hours reveals a trend that could trigger a boom among certain altcoins in 2023. We're talking about Lido Finance (LDO), which has risen 7% in the past 24 hours and 17% over the past seven days, making it the 37th largest cryptocurrency by market cap.

Lido DAO: The new DeFi leader

Source: Proactive Investors

Date: Tue, 03 Jan 2023 09:07:01

Ethereum may not have enjoyed the post-Merge surge many were hoping for, but one decentralised finance (DeFi) platform has enjoyed a massive groundswell in popularity following Ethereum's major 2.0 network upgrade. On January 2, liquid staking platform Lido overtook MakerDAO as the largest DeFi platform by total value locked (TVL).

Lido DAO Price Prediction as LDO Rockets Up 13% in 24 Hours – LDO to the Moon?

Source: Cryptonews

Date: Tue, 03 Jan 2023 06:18:00

The Lido DAO price has risen by as much as 13% since lows yesterday, with its current price of $1.23 representing a 7.5% gain in 24 hours, and an 18% rise in a week. It's also up by 30% in two weeks, with organic growth in the use of Lido DAO largely responsible for its improving fortunes.

Neutral News

Lido Finance Up 8% After Overtaking MakerDAO's TVL

Source: Decrypt

Date: Tue, 03 Jan 2023 06:42:28

After flipping MakerDAO, Lido Finance is now the largest DeFi protocol in terms of total value locked, as liquid staking gains momentum post-merge.

 

MAKER DAO (MKR)

Current Price: $ 508.77 (24h Changes: -0.92 %)

Current Market Cap: $ 458,213,117 (24h Changes: -0.95 %)

Neutral News

Assessing MakerDAO's [MKR] health following its displacement by Lido

Source: AMBCrypto

Date: Tue, 03 Jan 2023 11:30:03

Leading decentralized finance protocol (DeFi) MakerDao [MKR] provided users with an overview of its current state in 2023. The DeFi protocol took to Twitter on 2 January to highlighted the amount of DAI tokens it had in circulation and its total value locked (TVL).

Lido Finance Up 8% After Overtaking MakerDAO's TVL

Source: Decrypt

Date: Tue, 03 Jan 2023 06:42:28

After flipping MakerDAO, Lido Finance is now the largest DeFi protocol in terms of total value locked, as liquid staking gains momentum post-merge.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


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