What Happens to DeFi Today ?

“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.

If you would like to read and analyse the news here over an interactive user interface, please check out our blockchain analytics app -> ChainMetrics !

Besides DeFi Tokens, we also curate and summarise news on the Layer 1 space, stay ahead of the L1 game with us at -> What Happens to L1 Tokens Today ?

CHAINLINK (LINK)

Current Price:  $ 6.9 (24h Changes: -0.86 % )

Current Market Cap:  $ 3,391,973,928 (24h Changes: -0.88 % )

LINK-Positive News

1. Coinbase-Backed Ethereum L2 ‘Base' Integrates Chainlink Price Feeds on Its Testnet
Source:  CryptoGlobe
Date:  Sun, 05 Mar 2023 08:54:21

Chainlink has announced exciting news for its followers: the launch of Chainlink Price Feeds on Base testnet, a new Ethereum L2 incubated by Coinbase. On 23 February 2023, Coinbase announced the testnet launch of Base, an Ethereum Layer 2 (L2) blockchain that provides a cost-effective and developer-friendly platform for building decentralized applications (dApps) on-chain.

2. Chainlink price analysis: LINK rebounds at $6.92 as  bullish trend intensifies
Source:  Cryptopolitan
Date:  Sun, 05 Mar 2023 02:45:33

Chainlink price analysis is on a bullish trend today, with the LINK/USD pair rising to the $6.92 mark. The bulls have been in control since the beginning of today, with the price surging by over 0.02% for the last 24 hours.

LINK-Neutral News

1. Coinbase Utilizing Ethereum-Based Altcoin in Its New Layer-2 Scaling Platform
Source:  The Daily Hodl
Date:  Sun, 05 Mar 2023 05:15:14

Top US crypto exchange Coinbase is now using price feeds from decentralized oracle network Chainlink (LINK) for its new Ethereum (ETH) layer-2 project called Base. Base is Coinbase's layer-2 network powered by blockchain scaling solution Optimism (OP), and its testnet was launched late last month.

UNISWAP (UNI)

Current Price:  $ 6.34 (24h Changes: 0.59 % )

Current Market Cap:  $ 4,780,387,274 (24h Changes: 0.58 % )

UNI-Positive News

1. Over 167 Million BAT Utilized In DeFi Mainly In Compound, Aave And Uniswap
Source:  NewsBTC
Date:  Sun, 05 Mar 2023 08:13:21

In a recent report, Brave Browser said that over 11% of BAT, their native token, is being actively utilized in DeFi protocols, mainly in Uniswap and Compound. BAT Usage In Compound, Uniswap, And Aave Brave, a privacy-focused browser that rewards users with Basic Attention Token (BAT) when they view advertisements, said more than 167 million BAT were locked in DeFi protocols in 2022.

UNI-Neutral News

1. Battle of V3s: PancakeSwap and Uniswap to compete on BNB Chain
Source:  AMBCrypto
Date:  Sun, 05 Mar 2023 12:30:33

BNB Chain's leading decentralized finance (DeFi) protocol PancakeSwap [CAKE], has announced that it will be launching its third iteration in the first week of April, marking a significant milestone for the popular decentralized exchange (DEX).

AAVE (AAVE)

Current Price:  $ 75.65 (24h Changes: -1.45 % )

Current Market Cap:  $ 1,080,966,171 (24h Changes: -1.4 % )

AAVE-Positive News

1. Over 167 Million BAT Utilized In DeFi Mainly In Compound, Aave And Uniswap
Source:  NewsBTC
Date:  Sun, 05 Mar 2023 08:13:21

In a recent report, Brave Browser said that over 11% of BAT, their native token, is being actively utilized in DeFi protocols, mainly in Uniswap and Compound. BAT Usage In Compound, Uniswap, And Aave Brave, a privacy-focused browser that rewards users with Basic Attention Token (BAT) when they view advertisements, said more than 167 million BAT were locked in DeFi protocols in 2022.

LIDO-DAO (LDO)

Current Price:  $ 2.54 (24h Changes: -5.69 % )

Current Market Cap:  $ 2,157,069,787 (24h Changes: -5.7 % )

LDO-Negative News

1. Lido Price Suffers on Rumors of Wells Notice
Source:  BeInCrypto
Date:  Sun, 05 Mar 2023 07:13:50

Lido token (LDO) plummeted by almost 20% since Friday after the rumors of a Securities and Exchange Commission (SEC) Wells Notice. 

MAKER DAO(MKR)

Current Price:  $ 931.52 (24h Changes: 3.05 % )

Current Market Cap:  $ 840,918,146 (24h Changes: 3.13 % )

MKR-Positive News

1. MakerDAO adds 27% to lead weekly gains, outperforms bitcoin and ethereum 
Source:  Crypto news
Date:  Sun, 05 Mar 2023 14:23:33

The governance token of MakerDAO, MKR, topped gains last week, adding 27%, trackers on Mar. 5 show.

MKR-Neutral News

1. Top 5 Cryptocurrencies Of The Week – Week 9
Source:  CryptoTicker
Date:  Sun, 05 Mar 2023 02:18:34

We have compiled a list of the top 5 cryptocurrencies of the week based on their performance over the last seven days. Let's take a look at it in more detail.

2. Cryptocurrencies to watch for the week of March 6, 2023
Source:  Finbold
Date:  Sun, 05 Mar 2023 13:12:12

As we enter the week of March 6, the cryptocurrency market has taken a downturn, with many assets experiencing corrections. The drop in momentum has been triggered by macroeconomic factors and liquidity concerns at digital asset-friendly Silvergate bank.

Synthetix Network (SNX)

Current Price:  $ 3.24 (24h Changes: 4.13 % )

Current Market Cap:  $ 1,018,238,105 (24h Changes: 4.18 % )

SNX-Neutral News

1. Top 5 Cryptocurrencies Of The Week – Week 9
Source:  CryptoTicker
Date:  Sun, 05 Mar 2023 02:18:34

We have compiled a list of the top 5 cryptocurrencies of the week based on their performance over the last seven days. Let's take a look at it in more detail.

2. Cryptocurrencies to watch for the week of March 6, 2023
Source:  Finbold
Date:  Sun, 05 Mar 2023 13:12:12

As we enter the week of March 6, the cryptocurrency market has taken a downturn, with many assets experiencing corrections. The drop in momentum has been triggered by macroeconomic factors and liquidity concerns at digital asset-friendly Silvergate bank.