What Happens To DeFi Today? (26 Jan 2023, Thursday)

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Current Price: $ 6.85 (24h Changes: -1.19 %)

Current Market Cap: $ 3,371,409,906 (24h Changes: -1.28 %)

Positive News

Chainlink (LINK) Forms Extremely Important Signal, Here's What It Might Bring

Source: UToday

Date: Wed, 25 Jan 2023 07:31:00

Chainlink delivers important signal that investors should not miss

Negative News

ChainLink price analysis: LINK obtains massive bearish momentum at $6.7

Source: Cryptopolitan

Date: Wed, 25 Jan 2023 12:01:57

ChainLink price analysis for January 25, 2023, reveals the market following a downward movement, showing decreasing momentum, signifying negativity for the LINK market. The price of ChainLink has remained bearish over the past few hours.



Current Price: $ 6.51 (24h Changes: -1.76 %)

Current Market Cap: $ 4,906,280,310 (24h Changes: -1.88 %)

Neutral News

Are Uniswap's [UNI] high fees threatening the popularity of the DEX

Source: AMBCrypto

Date: Wed, 25 Jan 2023 08:30:49

Uniswap [UNI] ranked third in the crypto space in terms of fees charged to users. According to Token Terminal's tweet on 25 January, the cumulative fee generated by Uniswap was $30.4 million at the time of writing.

Negative News

Uniswap price analysis: UNI price takes a downturn to $6.34 as bears take charge

Source: Cryptopolitan

Date: Wed, 25 Jan 2023 04:58:45

Uniswap price analysis reveals the coin is getting weaker against the US dollar as it trends downward. The coin broke below its important support level of $6.14 and is now trading at $6.34, down by 6.08% in the last 24 hours.



Current Price: $ 84.99 (24h Changes: 1.66 %)

Current Market Cap: $ 1,207,183,711 (24h Changes: 2.11 %)

Positive News

Top 5 Altcoins That May Skyrocket In 2023

Source: Coingape

Date: Wed, 25 Jan 2023 09:51:12

Top 5 Altcoins That May Skyrocket In 2023: The recent growth in the majority of cryptocurrencies since January 1st has created a sense of recovery sentiment in the crypto market. Thus, amid this recovery, we are picking up the top crypto coins which are following the famous bullish pattern called the falling wedge.

Aave Community Voting On Proposal To Deploy v3 On Ethereum

Source: Crypto Daily

Date: Wed, 25 Jan 2023 04:30:00

Decentralized lending and borrowing protocol Aave is in the midst of a vote to deploy its third iteration, v3, on the Ethereum blockchain. The voting is scheduled to end on the 25th of January, 2023, and so far, all participating token holders have voted to activate v3 on Ethereum.

Aave gets access to new users through this upgrade, but is it enough

Source: AMBCrypto

Date: Wed, 25 Jan 2023 02:30:31

With a new collaboration, over 1.7 million users from Argentina and Brazil could get access to Aave [AAVE] and supply liquidity to the platform. This could help in increasing the declining number of unique users on the platform.



Current Price: $ 2.48 (24h Changes: 1.75 %)

Current Market Cap: $ 2,070,718,421 (24h Changes: 1.95 %)

Positive News

Lido Team Provides Design For Staked Ether Withdrawals

Source: Coincu

Date: Wed, 25 Jan 2023 10:05:31

Key Points: The Lido team put up ideas for how the protocol should handle ether withdrawals when Ethereum's forthcoming Shanghai upgrade has been turned on. The Lido team put forward its designs to the Lido DAO, the project's form of governance, via a post on the community's forum.

Lido presents design for staked ether withdrawals after Shanghai upgrade

Source: The Block

Date: Wed, 25 Jan 2023 08:31:28

The Lido team has submitted its design for withdrawals of ether on the protocol once the Ethereum Shanghai upgrade happens.

Neutral News

Lido witnesses surge in staked deposits: Will LDO's growth be sustainable?

Source: AMBCrypto

Date: Wed, 25 Jan 2023 04:30:38

Over the last week, the Lido [LDO] protocol witnessed a surge in the number of staked deposits on its platform. According to a tweet on 24 January, the number of staked deposits on Lido increased, except that of Solana [SOL].

Negative News

Ethereum Falls Below This Key Level; Lido DAO Becomes Top Loser

Source: Benzinga

Date: Wed, 25 Jan 2023 09:52:54

Bitcoin (CRYPTO: BTC) traded lower this morning, but the cryptocurrency prices remained above the key $22,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, falling below the key $1,600 mark on Wednesday.



Current Price: $ 0.09 (24h Changes: -2.08 %)

Current Market Cap: $ 801,235,172 (24h Changes: -3.15 %)

Neutral News

Algorand vs The Graph: The Race to Become the Google of Blockchain

Source: BeInCrypto

Date: Wed, 25 Jan 2023 10:30:00

Discover why Algorand is being dubbed the "Google of blockchain." Learn about the unique approach Algorand takes to solve scalability and security issues, its built-in smart contract platform, and its governance system.



Current Price: $ 663.76 (24h Changes: -6.31 %)

Current Market Cap: $ 597,887,254 (24h Changes: -6.31 %)

Positive News

MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault

Source: NewsBTC

Date: Wed, 25 Jan 2023 14:00:47

In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle's USD Coin (USDC) in a Yearn Finance yield-generating account called a “vault.” The proposal, submitted on January 9, aims to look for a way MakerDAO could split its treasury allocations and earn yield.

MakerDAO community backs plan to deposit $100 million into Yearn Finance

Source: The Block

Date: Wed, 25 Jan 2023 06:22:10

MakerDAO community has supported a decision to deposit $100 million of USDC stablecoin into a Yearn Finance vault.

Neutral News

MakerDAO Approves Preliminary Proposal To Park $100 Million USDC In Yearn Finance Vault

Source: EWN

Date: Wed, 25 Jan 2023 08:11:44

The MakerDAO proposal to earn yield from a Yearn Finance vault was backed by the governance community. Yearn Finance's special investment vehicle or vault has a cap of $100 million.


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What Happens To Crypto Today?
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