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 !

2023-02-23 (Thursday)


Current Price:  $ 7.71 (24h Changes: 1.35 % )

Current Market Cap:  $ 3,794,539,496 (24h Changes: 1.07 % )

LINK-Positive News

1. Archblock to use Chainlink's proof-of-reserves system for TrueUSD verification
Source:  The Block
Date:  Wed, 22 Feb 2023 07:46:14

Archblock will use Chainlink to let users verify on-chain that its stablecoin reserves are fully collateralized.

LINK-Neutral News

1. As Chainlink Adoption Grows, Will It Strengthen LINK Price?
Source:  NewsBTC
Date:  Wed, 22 Feb 2023 00:02:49

Chainlink (LINK) is making all the right noises, boasting its nine new integrations on varied platforms including Solana, Polygon, and Ethereum. Apart from the serial adoptions across chains, LINK price is also seen to soar in the past week, but would the uptrend continue or dwindle down in the coming days?

2. Chainlink, TrueUSD Start Real-Time ‘Mint Lock' Verification of Stablecoin Reserves
Source:  Coindesk
Date:  Wed, 22 Feb 2023 08:00:00

The key is to get information from the bank account where the stablecoin's reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.

LINK-Negative News

1. Chainlink price analysis: LINK forms a bearish pattern at $7.48
Source:  Cryptopolitan
Date:  Wed, 22 Feb 2023 10:00:27

Chainlink price analysis shows a bearish price movement today, with LINK/USD forming a bearish pattern today, as the coin has broken below the $8.00 psychological mark. Bears have covered a range downwards since yesterday as the LINK price has come down to $7.48.


Current Price:  $ 6.93 (24h Changes: -1.22 % )

Current Market Cap:  $ 5,225,491,313 (24h Changes: -1.4 % )

UNI-Positive News

1. Uniswap Traders Can Now Buy NFTs With UNI, SHIB or Any Ethereum Token
Source:  Decrypt
Date:  Wed, 22 Feb 2023 09:01:10

Uniswap NFT is looking to out-engineer the competition by allowing traders to buy NFTs using any Ethereum-based token.

UNI-Neutral News

1. Uniswap price analysis: UNI finds support at $6.80, can the bulls defend the level?
Source:  Cryptopolitan
Date:  Wed, 22 Feb 2023 14:53:50

TL;DR Breakdown Uniswap price analysis suggests sideways movement at the level The closest support level lies at $6.80 and further below ar $6.70 UNI faces resistance at the $7.00 mark The Uniswap price analysis shows that the UNI price action has made strong bearish movements as the price fell to the $6.