What Happens To DeFi Today? (11 Jan 2023, Wednesday)



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Here are the news for you today.

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CHAINLINK (LINK)

Current Price: $ 6.22 (24h Changes: 2.86 %)

Current Market Cap: $ 3,060,381,111 (24h Changes: 2.78 %)

Positive News

Will LINK sustain its price pump amid news of Chainlink's latest integration

Source: AMBCrypto

Date: Tue, 10 Jan 2023 10:30:46

Chainlink [LINK] has taken another step forward in increasing its adoption with its new integration. Polygon's latest collaboration with Polarys will help convert digital asset prices to USD when users mint community NFTs and transact on Polarys NFT marketplaces.

ChainLink price analysis: LINK experiences bullish momentum at $6.1

Source: Cryptopolitan

Date: Tue, 10 Jan 2023 05:49:14

ChainLink price analysis for January 10, 2023, reveals the market following an upward movement, showing increasing momentum, signifying positivity for the LINK market. The price of ChainLink has remained bearish over the past few hours.

Negative News

Time in the Doldrums Could Be Over for Chainlink (LINK): What to Expect in January

Source: BeInCrypto

Date: Tue, 10 Jan 2023 10:30:00

The Chailink (LINK) price moved above the $5.80 area, suggesting that the previous breakdown was not legitimate. This could lead to a future rally.

 

UNISWAP (UNI)

Current Price: $ 5.81 (24h Changes: 0.24 %)

Current Market Cap: $ 4,371,084,845 (24h Changes: 0.56 %)

Positive News

Top DeFi Tokens To Buy In January 2023

Source: Coingape

Date: Tue, 10 Jan 2023 09:13:53

According to Grand View Research, the global decentralised finance (DeFi) industry was worth $11.78 billion in 2021 and is predicted to grow at a compound annual growth rate (CAGR) of 42.5% between 2022 and 2030. The adoption of DeFi is the driving force behind the industry's growth.

Uniswap Dominates Crypto Fee Rankings, Surpassing Pancake, Swap and LIDO

Source: Bitcoinworld

Date: Tue, 10 Jan 2023 07:05:28

In terms of fees generated in the crypto space, Uniswap performed exceptionally well over the past year. Uniswap ranked third in terms of fees generated, outperforming other protocols such as PancakeSwap, LIDO, and BNB chain, according to token terminal data.

Uniswap dominates crypto fee rankings, surpassing PancakeSwap and LIDO

Source: AMBCrypto

Date: Tue, 10 Jan 2023 00:30:35

In the crypto space, Uniswap performed exceptionally well in terms of the fees it generated over the past year. According to data provided by the token terminal, Uniswap ranked 3rd in terms of fees generated, outperforming other protocols such as PancakeSwap, LIDO, and BNB chain.

Neutral News

Uniswap, Decentraland and Zilliqa: the crypto world amid lands and consoles

Source: The Cryptonomist

Date: Tue, 10 Jan 2023 07:38:12

Increasingly aimed at gaming and metaverses, let's take a look at some realities of the crypto world that embrace the new course of social media and Play to Earn.

Negative News

Uniswap price analysis: UNI rejected at $5.95, moves lower

Source: Cryptopolitan

Date: Tue, 10 Jan 2023 00:02:19

TL;DR Breakdown Uniswap price analysis suggests sideways movement between $5.70 and $5.90 The closest support level lies at $5.800 UNI faces resistance at the $5.90 mark The Uniswap price analysis shows that the UNI price action was rejected at $5.95 and moved back toward the $5.80 support level.

 

AAVE (AAVE)

Current Price: $ 62.3 (24h Changes: 2.01 %)

Current Market Cap: $ 885,603,659 (24h Changes: 2.11 %)

Positive News

Top DeFi Tokens To Buy In January 2023

Source: Coingape

Date: Tue, 10 Jan 2023 09:13:53

According to Grand View Research, the global decentralised finance (DeFi) industry was worth $11.78 billion in 2021 and is predicted to grow at a compound annual growth rate (CAGR) of 42.5% between 2022 and 2030. The adoption of DeFi is the driving force behind the industry's growth.

 

LIDO DAO (LDO)

Current Price: $ 1.95 (24h Changes: 3.91 %)

Current Market Cap: $ 1,614,745,802 (24h Changes: 4.31 %)

Positive News

Lido DAO (LDO) Token Outperforms Market With 62% Weekly Gains

Source: NewsBTC

Date: Tue, 10 Jan 2023 15:00:16

The crypto market is still highly unpredictable and volatile in January 2023. The market generally recorded a 0.3% decrease in the last 24 hours.

Lido could have this reaction to Ethereum's Shanghai Upgrade, according to

Source: AMBCrypto

Date: Tue, 10 Jan 2023 13:30:15

Ethereum's [ETH] Shanghai update, set to go live in the first quarter of 2023, will introduce staking to the ETH protocol. The update has the potential to be a key growth catalyst for staking protocols such as Lido [LDO].

The Real Reason We'll See a Crypto Boom in 2023

Source: Investorplace

Date: Tue, 10 Jan 2023 07:00:42

BTC is down 80%, 60 weeks in, 15 months away from a halving. This is normally when a crypto bust becomes a crypto boom.

Neutral News

Over $2 Million In LDO Is Transferred To Binance By An LDO Whale

Source: Coincu

Date: Tue, 10 Jan 2023 13:07:47

Key Points: A wallet with a substantial amount of LDO has transferred $1,000,000 $LDO to Binance. One million dollars' worth of LDO was sent from a wallet holding a sizable this token balance to the cryptocurrency exchange Binance.

 

MAKER DAO (MKR)

Current Price: $ 638.09 (24h Changes: 2.37 %)

Current Market Cap: $ 574,408,283 (24h Changes: 3.01 %)

Positive News

Top DeFi Tokens To Buy In January 2023

Source: Coingape

Date: Tue, 10 Jan 2023 09:13:53

According to Grand View Research, the global decentralised finance (DeFi) industry was worth $11.78 billion in 2021 and is predicted to grow at a compound annual growth rate (CAGR) of 42.5% between 2022 and 2030. The adoption of DeFi is the driving force behind the industry's growth.

 

THORCHAIN (RUNE)

Current Price: $ 1.48 (24h Changes: 2.6 %)

Current Market Cap: $ 442,684,480 (24h Changes: 2.92 %)

Positive News

Assessing the state of THORChain as it reaches new milestone post FTX collapse

Source: AMBCrypto

Date: Tue, 10 Jan 2023 09:30:25

At $106.66 million, the total value of assets locked (TVL) within THORChain [RUNE], rallied back to the pre-FTX collapse level, data from DefiLlama revealed.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
What Happens To Crypto Today?

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