What Happens To DeFi Today? (06 Dec 2022, Tuesday)

"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: $ 7.23 (24h Changes: -2.37 %)

Current Market Cap: $ 3,547,395,963 (24h Changes: -2.2 %)

Positive News

Why Dogecoin and Chainlink Are Primed For a Bullish Yearly Close

Source: Zycrypto

Date: Mon, 05 Dec 2022 14:53:14

The cryptocurrency market is still nursing an ongoing decline, but market movement indicates that some altcoins are making up a list of bullish anomalies.

Chainlink (LINK) Whales Accumulate Aggresively Ahead of Staking Launch

Source: UToday

Date: Mon, 05 Dec 2022 14:20:00

Large-scale holders of Chainlink (LINK) cryptocurrency are increasing their balances, Lookonchain data says

DeFi rising: Solana, Chainlink and Cosmos show big gains – FTX stokes Focus after crash

Source: CryptoNewsFlash

Date: Mon, 05 Dec 2022 08:06:53

Bitcoin needs to sustain above $17,000 to continue further momentum in the market.

Neutral News

Whales and Sharks Accumulate $194,000,000 Worth of Ethereum-Based Altcoin in Just Two Months: Analytics Firm Santiment

Source: The Daily Hodl

Date: Mon, 05 Dec 2022 05:15:47

Leading analytics firm Santiment reveals that the two largest Chainlink (LINK) investor cohorts have loaded up on the Ethereum (ETH)-based oracle network to the tune of $194.3 million in just two months. According to Santiment, LINK whales and sharks now hold the largest percentage of Chainlink's supply since the altcoin was created in 2017.

Collaboration with TomNToms's NFT Aggregator Markets ‘HEYST' and ‘Chainlink'

Source: Bitcoinworld

Date: Mon, 05 Dec 2022 03:05:17

Coffee shop Tom N Toms' aggregator market known as ‘HEYST' made the announcement that it has adopted the Chainlink solution to its platform by working together with the company known as ‘Chainlink' in order to become more competitive in the market.



Current Price: $ 6.15 (24h Changes: -1.96 %)

Current Market Cap: $ 4,635,718,854 (24h Changes: -2.2 %)

Positive News

Millionaires Are Scooping Up These Two Surprising Cryptos. Should You?

Source: The Motley Fool

Date: Mon, 05 Dec 2022 06:30:00

By using publicly available online tools, it's possible to see what the biggest crypto whales are buying right now.

Neutral News

Uniswap-based DeFi protocol Panoptic raises $4.5 million

Source: The Block

Date: Mon, 05 Dec 2022 13:01:02

Panoptic raised $4.5 million to build a decentralized protocol for perpetual options. Investors include Uniswap Labs Ventures, Coinbase Ventures and Jane Street. The post Uniswap-based DeFi protocol Panoptic raises $4.5 million appeared first on The Block.

Uniswap community at crossroads as members vote on “fee switch”

Source: Crypto news

Date: Mon, 05 Dec 2022 12:06:09

After nearly six months, the Uniswap community is in a dilemma as it finally gets to vote on Uniswap's (UNI) proposal for a “fee switch.

Uniswap [UNI] community remains at crossroads despite 314x potential

Source: AMBCrypto

Date: Mon, 05 Dec 2022 04:30:43

Uniswap's fee switch could set off a valuation hike and revenue increase as per a blockchain analyst Irrespective of the development, the protocol's TVL was stagnant.  Almost six months after Uniswap's [UNI] suggestion for a “fee switch,” the community will finally get to vote for it.



Current Price: $ 64.55 (24h Changes: 0.55 %)

Current Market Cap: $ 915,776,560 (24h Changes: 0.72 %)

Positive News

Aave's Social Media Protocol Lens Acquires NFT Mobile Game Sonar

Source: Coindesk

Date: Mon, 05 Dec 2022 10:00:00

With the acquisition, Lens Protocol will be integrated into a game app which claims to have 20,000 active users per month.

Aave Companies Acquires Social Metaverse Developer Sonar

Source: Decrypt

Date: Mon, 05 Dec 2022 09:59:07

The acquisition will see Sonar integrate Aave's Lens protocol to introduce decentralized account profiles for its social mobile metaverse app.


Synthetix Network (SNX)

Current Price: $ 1.85 (24h Changes: 5.17 %)

Current Market Cap: $ 445,857,373 (24h Changes: 4.92 %)

Positive News

Crypto Prices Today: Major Coins Are Trading In Green; Litecoin, Solana, Shiba Inu, Synthetix, Ethereum Up

Source: Coingape

Date: Mon, 05 Dec 2022 03:14:00

Crypto Prices Today: It is certainly an exciting Monday for investors in the crypto market as the crypto prices today is positive. The majority of the coins have seen a jump and are trading in green.


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