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:  $ 6.88 (24h Changes: -1.06 % )

Current Market Cap:  $ 3,390,665,033 (24h Changes: -1.18 % )

LINK-Positive News

1. Chainlink Whales Awaken, Moving 11,600,000 LINK Worth Over $79,700,000
Source:  The Daily Hodl
Date:  Mon, 06 Mar 2023 06:04:04

On-chain data shows that large Chainlink whales have moved tens of millions of dollars worth of LINK as the crypto markets take a move to the downside. According to blockchain analytics firm Santiment, three big LINK transactions worth about $80 million all went through within minutes of each other.

2. PLEXUS Partners up with Chainlink to Integrate Price Feeds, Helping Secure Cross-Chain Swaps
Source:  BlockchainReporter
Date:  Mon, 06 Mar 2023 10:30:16

PLEXUS has disclosed via its official blog post on Medium that it is integrating Chainlink Price Feeds on Polygon, BSC, and ETH mainnet.

LINK-Neutral News

1. Chainlink (LINK) Price Trades at Make-or-Break Level
Source:  BeInCrypto
Date:  Mon, 06 Mar 2023 10:15:00

Whether the Chailink (LINK) price bounces or breaks down from $6.55 could determine the future trend.

LINK-Negative News

1. ChainLink price analysis: LINK maintains bearish momentum at $6.8
Source:  Cryptopolitan
Date:  Mon, 06 Mar 2023 08:42:56

ChainLink price analysis for March 6, 2023, reveals the market following a massive downward movement, showing decreasing momentum, signifying negativity for the LINK market. The price of ChainLink has remained bearish over the past few hours.

UNISWAP (UNI)

Current Price:  $ 6.34 (24h Changes: -0.32 % )

Current Market Cap:  $ 4,785,658,700 (24h Changes: -0.6 % )

UNI-Positive News

1. Whale Who Netted $36,000,000 By Masterfully Trading Ethereum Is Now Accumulating Three ETH-Based Crypto Assets: Looksonchain
Source:  The Daily Hodl
Date:  Mon, 06 Mar 2023 10:29:17

A crypto whale who masterfully traded Ethereum (ETH) to the tune of $36 million in profit last year is once again in accumulation mode. According to the on-chain analytics firm Looksonchain, the whale appears to be a smart money institution that bought ETH at the bottom and sold it at the top in 2022.

2. Vitalik Buterin seems to prefer Uniswap over other DEXes, analysis shows
Source:  Crypto news
Date:  Mon, 06 Mar 2023 05:23:35

Ethereum's (ETH) co-founder Vitalik Buterin is undoubtedly one of the most prominent authorities when judging Ethereum-based projects.

3. Uniswap price analysis: UNI trades above $6.30 mark after a bullish breakout
Source:  Cryptopolitan
Date:  Mon, 06 Mar 2023 05:55:54

The latest Uniswap price analysis shows recovering prices after a minor dip past few days. The intraday charts are flashing bullish signals, and the coin has already breached the $ 6.34 mark.

AAVE (AAVE)

Current Price:  $ 76.86 (24h Changes: 1.97 % )

Current Market Cap:  $ 1,098,481,202 (24h Changes: 2.08 % )

AAVE-Positive News

1. Whale Who Netted $36,000,000 By Masterfully Trading Ethereum Is Now Accumulating Three ETH-Based Crypto Assets: Looksonchain
Source:  The Daily Hodl
Date:  Mon, 06 Mar 2023 10:29:17

A crypto whale who masterfully traded Ethereum (ETH) to the tune of $36 million in profit last year is once again in accumulation mode. According to the on-chain analytics firm Looksonchain, the whale appears to be a smart money institution that bought ETH at the bottom and sold it at the top in 2022.

LIDO-DAO (LDO)

Current Price:  $ 2.58 (24h Changes: -2.36 % )

Current Market Cap:  $ 2,192,080,390 (24h Changes: -2.02 % )

LDO-Neutral News

1. Lido Denies Rumors as Podcaster Apologizes for Spreading False Information
Source:  Cryptopolitan
Date:  Mon, 06 Mar 2023 01:20:57

The cryptocurrency space is no stranger to rumors and misinformation. In the world of cryptocurrency, rumors, and FUD (fear, uncertainty, and doubt) spread like wildfire.

LDO-Negative News

1. Lido's token price drops 15% in a week amid SEC crackdown rumors
Source:  Crypto news
Date:  Mon, 06 Mar 2023 06:10:39

The Lido DAO token (LDO) lost around 5% of its price in 24 hours and 15% in one week. The token was affected by rumors claiming the DAO had received a Wells Notice from SEC.

2. Lido Denies Rumors of Receiving Wells Notice, LDO Dumps 15%
Source:  Dailycoin
Date:  Mon, 06 Mar 2023 10:31:44

Bankless' David Hoffman apologized for spreading the rumor but that didn't make LDO recover weekend lows.

3. Lido DAO's $LDO Dips Amid Rumors of SEC Wells Notice
Source:  Crypto Daily
Date:  Mon, 06 Mar 2023 04:00:00

In its latest "weekly rollup" episode last Saturday (March 4), popular crypto podcast Bankless spread a rumor that the Security and Exchanges Commission (SEC) was going after staking platform Lido ($LDO), causing the latter to dip by roughly 20% from a resistance level of $2.6 based on data from CoinMarketCap. The rumor suggests that the SEC has issued a Wells Notice to Lido, meaning that the commission is planning to pursue enforcement actions against the liquid staking platform.

MAKER (MKR)

Current Price:  $ 911.79 (24h Changes: -5.16 % )

Current Market Cap:  $ 822,253,856 (24h Changes: -5.14 % )

MKR-Positive News

1. Maker (MKR) Tallies Highest Gain Of 21% As Rest Of Top 100 Cryptos Choke
Source:  NewsBTC
Date:  Mon, 06 Mar 2023 08:19:34

Decentralized Finance (DeFi) lending and borrowing platform Maker (MKR) has been performing exceptionally well in the past seven days, as its native token price witnessed a 22% surge, despite the downward trend observed in other major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The positive price action of MKR has come amidst news of the failure of Silvergate Capital, which has caused a slump in the prices of Bitcoin and Ethereum.

2. DeFi Token Tops Weekly Gains With 22% Surge Even As Bitcoin, Ethereum Suffocate
Source:  Benzinga
Date:  Mon, 06 Mar 2023 06:02:55

Decentralized Finance (DeFi) lending and borrowing platform Maker (CRYPTO: MKR) saw a 22% rise in its native token price over the last seven days, bucking the downward trend seen in other major cryptos Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) due to news of Silvergate Capital's (NYSE: SI) failure.  Cryptocurrency Gains (+/-) Price Maker  +22% $935 Synthetix  +17.24% $3.10 XDC Network +11.98% $0.029 ImmutableX  +9% $1 EOS  +7.39% $1.