Daily Crypto News January 14, 2022: Top 3 Crypto Updates For Today

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Not a day goes by in the crypto space when we come across crazy numbers and values ​​breaking their own past records. All thanks to giants, sharks and whales! Today on crypto news whales were found loading MATIC and LINK in large quantities except for ETH and other stablecoins. Whalestats reports reveal that the top 1000 ETH addresses are currently racking up MATIC and LINK. Read below in detail to find out what this means for these parts.

On the first day of its launch, YuzuSwap created the story and its name will be on DeFi’s guest books. Within 24 hours of launch, the 1st DEX on the Oasis Network, YuzuSwap achieved TVL of $ 100 million and transaction volume of $ 323 million. If this surprises you, this is just a normal phenomenon given the increasing demand for DEX in the DeFi industry.

ETH 2.0, which is expected to adopt a proof-of-stake consensus mechanism, has topped $ 20 billion in value. The deposit agreement currently holds 9,008,082 ETH allowing users to transfer funds from Ethereum’s mainnet to the Beacon chain.

Quick summary of crypto news!

Daily Crypto News January 14, 2022 The best Ethereum whales load on Polygon ($ MATIC) and Chainlink ($ LINK) as crypto recovers

A whale watching website observed that the richest wallets in the Ethereum network loaded Polygon and Chainlink as the market rallied slightly. The coins at the head of these holdings are Ethereum and stablecoins. Reports on WhaleStats reveal that the 1000 largest addresses in the Ethereum network have built up Polygon (MATIC) and Chainlink (LINK) along with Ethereum and other stablecoins such as USDT and USDC.

Read more about the strategy these whales were implementing during these downturns and what it would mean for MATIC, LINK, and ETH holders going forward.

Source: Cryptoglobe.com

The 1st DEX on the oasis network reaches 100 million TVL in 24 hours

YuzuSwap which is the first decentralized exchange on the Oasis network has had a remarkable launch. The remarkable feat of reaching $ 100 million on the first day of launch has meant increased demand for decentralized funding protocols. Yuzuswap hit a TVL of $ 100 million within the first 24 hours of operations. The trade volume for the same reached $ 323 million. TVL in DeFi stands for the total value of assets that are staked over decentralized protocols.

Read more about YuzuSwap and how it is revolutionizing the DeFi industry.

Source: Cointelegraph

Ethereum 2.0 deposit contract exceeds $ 30 billion in value

The Ethereum 2.0 deposit agreement currently holds 9,008,082 ETH exceeding a value of $ 30 billion. The current amount contained in this deposit contract is currently $ 30.2 billion. This deposit agreement allows users to transfer funds from the mainnet of the Ethereum network to Beacon Chain, a parallel proof of stake network.

The Ethereum core team has been operating the beacon chain since December 1, 2020, as well as the Proof of Work core network that currently hosts all DApps on Ethereum. The conversion from PoW to full PoS is expected to take place around June 2022 for Ethereum.

Learn more about the $ 30 billion ETH2.0 deposit agreement and what it means for Ethereum holders.

Source: Cryptobriefing.com

Crypto Market Trend January 14, 2022

Here’s a quick rundown of the top crypto winners and losers of the day.

Top 3 crypto winners

Cryptocurrency Price (No later than January 14, 2022) Change in% Doge (DOGE) 15.11 8.95% Near Protocol (NEAR) ₹ 1508.87 6.48% Ethereum Classic (ETC) ₹ 2,618.97 3.78%

* Prices are at 11:40 a.m. on January 14, 2022 at the latest. *

Top 3 crypto losers

Price of the cryptocurrency (no later than January 14, 2022) Change in% Gala (GALA) 26.44 6.9% THORChain (RUNE) 511.07 5.9% Elrond eGold (EGLD) 15,838.33 5.92%

* Prices are at 11:40 a.m. on January 14, 2022 at the latest. *

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