What Happens to DeFi Today ? (14 Mar 2023, 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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2023-03-14 (Tuesday)

 

CHAINLINK (LINK)

Current Price:  $ 6.8 (24h Changes: 4.19 % )

Current Market Cap:  $ 3,342,472,047 (24h Changes: 3.81 % )


LINK-Positive News

1. Chainlink price analysis: LINK gains momentum at $6.80 after a brief dipping
Source:  Cryptopolitan
Date:  Mon, 13 Mar 2023 15:31:59

The recent Chainlink price analysis shows that the LINK/USD pair has surged by over 6% after a strong rebound in the crypto markets. The rebound was seen after the pair fell to push the price below the $6.30 mark.

2. Chainlink: 12 Integrations with top crypto chains BNBChain, ETH, and Polygon – LINK network helps secure Web3 with these new integrations
Source:  CryptoNewsFlash
Date:  Mon, 13 Mar 2023 11:21:31

These new integrations will unlock new levels of cross-chain interoperability among the top blockchain platforms.


LINK-Negative News

1. Why Chainlink (LINK) Price Looks Weak Despite Bullish Signal
Source:  BeInCrypto
Date:  Mon, 13 Mar 2023 11:00:00

The Chainlink (LINK) trend can only be considered bullish once the price breaks out from the confluence of resistance levels at $6.62.

 

UNISWAP (UNI)

Current Price:  $ 6.13 (24h Changes: 3.76 % )

Current Market Cap:  $ 4,615,795,141 (24h Changes: 3.77 % )


UNI-Positive News

1. USDC Trading Dominates Record Day for DeFi Exchanges Uniswap, Curve
Source:  Coindesk
Date:  Mon, 13 Mar 2023 03:15:49

Decentralized exchanges worked exactly as intended as traders rushed to exchange USDC for wrapped ether and other tokens.

2. Curve Finance, Uniswap Trade Volumes Soar Amid USDC Depeg
Source:  Decrypt
Date:  Mon, 13 Mar 2023 11:36:16

As volumes soared across Curve and Uniswap amid USDC briefly losing its peg, liquidity providers have also raked in some serious cash.

3. Uniswap [UNI] attempts recovery; short-sellers opportunities limited?
Source:  AMBCrypto
Date:  Mon, 13 Mar 2023 00:30:04

Uniswap [UNI] saw aggressive selling after March 8 (Wednesday), but it was slowly easing at press time. The DEX (decentralized exchange) token dropped from $6.4 to a crucial confluence of support levels that allowed bulls to set it into a recovery path.


UNI-Neutral News

1. How Uniswap's WoW revenue jumped amid USDC-TradFi FUD
Source:  AMBCrypto
Date:  Mon, 13 Mar 2023 12:30:59

Panic spread across the crypto ecosystem as Circle [USDC] opened up about its exposure to the Silicon Valley Bank (SVB) contagion. And as expected, the market experienced a brief downside.

2. Uniswap Founder Says Banks Are Massive Scams
Source:  NewsBTC
Date:  Mon, 13 Mar 2023 13:30:45

Hayden Adams, the founder of Uniswap, is convinced that banks are “massive scams” compared to decentralized finance (DeFi) protocols. Hayden Adams Thinks Banks Are Scams In a recent tweet, Adams criticized banks' low collateral requirement, adding that they also pay only a “tiny percent” of their revenue to depositors.

3. PancakeSwap still remains behind Uniswap for TVL
Source:  The Cryptonomist
Date:  Mon, 13 Mar 2023 05:06:57

According to DefiLama's data, at the time of writing, PancakeSwap's and Uniswap's DEX reported $2.43 billion and $3.5 billion TVL, respectively.

 

AAVE (AAVE)

Current Price:  $ 76.44 (24h Changes: 6.35 % )

Current Market Cap:  $ 1,094,524,704 (24h Changes: 5.74 % )


AAVE-Neutral News

1. Aave's Bold Move: Halting Stablecoin Trading Amidst Price Volatility
Source:  Cryptopolitan
Date:  Mon, 13 Mar 2023 00:54:48

Aave, a popular decentralized lending protocol, has recently taken action to mitigate the impact of stablecoin price volatility in the DeFi ecosystem. This decision has led to concerns over the stability of stablecoins and the need for effective risk management measures in the DeFi ecosystem.

 

LIDO-DAO (LDO)

Current Price:  $ 2.69 (24h Changes: 12.97 % )

Current Market Cap:  $ 2,299,660,157 (24h Changes: 12.63 % )


LDO-Positive News

1. Already Up 150%, Can This Crypto Continue to Outperform Ethereum This Year?
Source:  The Motley Fool
Date:  Mon, 13 Mar 2023 06:00:00

Lido DAO has been soaring this year, thanks to the surge in popularity around staking on the Ethereum blockchain.

2. Top Altcoins Set for a Massive Breakout This Week, Experts Reveal Potential Levels
Source:  CoinPedia
Date:  Mon, 13 Mar 2023 12:35:55

In the past week, crypto investors experienced trauma as several macro events caused a significant loss of funds from the global market cap. The crypto market was hit hard by the collapse of the SVB, which led to the depegging of the USDC stablecoin, reminding investors of the risks involved.

3. LDO Leads Top Cryptocurrencies, Rises 20% In The Last Day
Source:  NewsBTC
Date:  Mon, 13 Mar 2023 11:30:25

The crypto market has been painted green today, with many cryptocurrencies trading at massive 24-hour gains. It appears that last week's bears have given way to the bulls.

 

THE-GRAPH (GRT)

Current Price:  $ 0.15 (24h Changes: 16.29 % )

Current Market Cap:  $ 1,291,946,278 (24h Changes: 14.81 % )


GRT-Positive News

1. Top Altcoins Set for a Massive Breakout This Week, Experts Reveal Potential Levels
Source:  CoinPedia
Date:  Mon, 13 Mar 2023 12:35:55

In the past week, crypto investors experienced trauma as several macro events caused a significant loss of funds from the global market cap. The crypto market was hit hard by the collapse of the SVB, which led to the depegging of the USDC stablecoin, reminding investors of the risks involved.

 

MAKER (MKR)

Current Price:  $ 922.06 (24h Changes: 21.2 % )

Current Market Cap:  $ 832,861,378 (24h Changes: 16.15 % )


MKR-Positive News

1. Top 10 Biggest Crypto Gainers Today: SNX, FIL, MKR, RNDR, STX – Find Out More Here
Source:  Cryptonews
Date:  Mon, 13 Mar 2023 08:24:00

The cryptocurrency market has risen by 7.5% in the past 24 hours, with its total cap reaching $1.05 trillion after what had been a difficult weekend.

2. How MakerDAO Intervened, Saving DAI From Depegging
Source:  NewsBTC
Date:  Mon, 13 Mar 2023 14:30:50

MakerDAO, the protocol behind the decentralized stablecoin DAI, intervened and saved its stablecoin from de-pegging following the collapse of Silicon Valley Bank (SVB). The failure of the tech lender significantly affected Circle's fiat-backed USDC.

3. MKR sees green as regulators move to restore deposits at failed SVB
Source:  AMBCrypto
Date:  Mon, 13 Mar 2023 11:30:48

In response to recent developments, Maker's [MKR] price experienced a substantial increase of nearly 30% in the last 24 hours.


MKR-Neutral News

1. MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging
Source:  Coindesk
Date:  Mon, 13 Mar 2023 13:18:51

The community proposal comes just days after DAI followed its fellow stablecoin USDC in slipping beneath the one-dollar mark.

 

Synthetix (SNX)

Current Price:  $ 3.19 (24h Changes: 28.61 % )

Current Market Cap:  $ 1,005,953,852 (24h Changes: 27.1 % )


SNX-Positive News

1. Crypto Market Cap Tops $1 Trillion; Synthetix Emerges As Top Gainer
Source:  Benzinga
Date:  Mon, 13 Mar 2023 09:52:46

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices surging above the key $22,000 level on Monday. Ethereum (CRYPTO: ETH) also moved higher, trading close to the $1,600 mark this morning.

2. Cryptocurrency Price Prediction Today Mar 13th: Amid Market Recovery Conflux, Synthetix, Maker, and Optimism Token Witness 20-30% Rally
Source:  Coingape
Date:  Mon, 13 Mar 2023 09:02:04

Cryptocurrency price prediction today Mar 13th: On March 12th, the crypto market witnessed a significant inflow and pushed a majority of major cryptocurrencies to higher levels. This sudden recovery also created a sense of relief rally in the market and a potential resume bull trend.

3. Top 10 Biggest Crypto Gainers Today: SNX, FIL, MKR, RNDR, STX – Find Out More Here
Source:  Cryptonews
Date:  Mon, 13 Mar 2023 08:24:00

The cryptocurrency market has risen by 7.5% in the past 24 hours, with its total cap reaching $1.05 trillion after what had been a difficult weekend.

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


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