What Happens to DeFi Today ? (13 Mar 2023, Monday)

“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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2023-03-13 (Monday)



Current Price:  $ 6.59 (24h Changes: 7.07 % )

Current Market Cap:  $ 3,243,643,514 (24h Changes: 6.94 % )

LINK-Neutral News

1. Chainlink (LINK) Price Prediction 2025-2030: How far down will LINK really fall?
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 09:03:57

Chainlink (LINK) is a decentralized oracle network that was launched in 2017. It allows smart contracts on various blockchain platforms to securely access off-chain data and external APIs and it has gained significant adoption in the cryptocurrency space.



Current Price:  $ 5.99 (24h Changes: 10.08 % )

Current Market Cap:  $ 4,518,835,330 (24h Changes: 9.83 % )

UNI-Neutral News

1. PancakeSwap's attempt to flip Uniswap's TVL thwarted for now
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 06:30:50

PancakeSwap and Uniswap have been locked in a battle of the DEXes for some time but the latter has been winning. There have been instances where PancakeSwap almost took the lead and recent observations suggest that it might flip Uniswap soon.

UNI-Negative News

1. Uniswap price analysis: UNI price slips to $5.46 as bears regain control
Source:  Cryptopolitan
Date:  Sun, 12 Mar 2023 05:37:23

Uniswap price analysis for today shows that the price is covering downward movement once again. The value depreciated to a low of $5.46 and is currently consolidating, indicating that the price could be headed for further declines.



Current Price:  $ 73.36 (24h Changes: 9.7 % )

Current Market Cap:  $ 1,053,306,845 (24h Changes: 9.52 % )

AAVE-Negative News

1. Aave Freezes Stablecoin Trading Amid Price Volatility
Source:  Blockchain News
Date:  Sun, 12 Mar 2023 13:19:13

Lending protocol Aave has temporarily halted trading of stablecoins and set the loan-to-value (LTV) ratio to zero due to the recent price volatility on USD Coin (USDC) following its depegging on March 11. Aave's decision was based on an analysis by decentralized finance risk management firm Gauntlet Network, which recommended a temporary pause of all v2 and v3 markets.



Current Price:  $ 0.13 (24h Changes: 19.24 % )

Current Market Cap:  $ 1,184,779,969 (24h Changes: 18.86 % )

GRT-Neutral News

1. The Graph sees an uptrend in delegations; reasons aren't very surprising
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 04:30:12

The Graph [GRT] is a decentralized protocol that allows users to query and index data from numerous blockchains. These services are provided by a network of nodes known as Indexers.



Current Price:  $ 900.44 (24h Changes: 26.69 % )

Current Market Cap:  $ 811,758,894 (24h Changes: 26.79 % )

MKR-Positive News

1. MakerDAO surge following new proposal on stablecoins
Source:  Crypto news
Date:  Sun, 12 Mar 2023 10:02:34

MakerDAO is insulating itself from the vulnerability to risk associated with stablecoins according to the firm's new proposal.

MKR-Neutral News

1. Cryptocurrencies to watch for the week of March 13, 2023
Source:  Finbold
Date:  Sun, 12 Mar 2023 09:42:25

The cryptocurrency market is facing renewed bearish sentiments due to the collapse of Silvergate Bank and the closure of Silicon Valley Bank, both of which had exposure to the crypto industry. These events have translated to uncertainty in the market, leaving many investors unsure about the future.

MKR-Negative News

1. MakerDAO [MKR] reacts to Stablecoin contagion with this proposal
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 03:30:08

MakerDAO is making moves aimed at protecting against exposure to risk associated with stablecoins. This is in response to USDC's recent de-pegging which reignited concerns about stablecoins under unfavorable market conditions.

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