Ethereum is expected to reach $3,000 by November with contribution from ETH-based coins such as
Dai, Uniswap, and Cutoshi. Markedly, Dai makes a crucial element for predictions and planning on the best Dai trading platforms for 2024. MakerDAO recently rebranded to
Sky and the DAI stablecoin will now have an option for upgrading to USDS. This innovative shift has led to a rapid rebrand of DAI's stablecoin hitting $490m within five days. Yet, it stirred controversy, the Sky team handling the backlash for an allegedly controversial decision to change its stablecoin. Pushing back against the unfavorable opinion, Maker displayed its ability to meet the rising demand for DAI. Despite an unfortunate event where a Whale lost over $55m in DAI stablecoin to a phishing attack, the fundamentals remain strong. Now called Sky, Maker is dealing with a DeFi conflict with Aave over DAI's perceived risk growth. The rebranding has also brought about new governance tokens as the founder of MakerDAO states his intention to eventually launch a decentralized 'PureDai'. Uphold announced its decision to delist USDT and five stablecoins by July 1, citing MiCA constraints. Despite facing various hiccups, last week, DAI hit a record $240B in on-chain transaction volume.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Sun, 03 Nov 2024 10:00:23 GMT -
Rating -2
- Innovation 6
- Information 8
- Rumor -1
