MakerDAO, a decentralized protocol running on the blockchain network, Ethereum, has been a key topic of discussion in recent times. Renowned future predictions talk about the price of Maker DAO (MKR) hitting $3K by the middle of this year. Simultaneously, companies like ProtonMail plan to launch their own Bitcoin wallets. Major crypto platform Coinbase is adding support to three new cryptos, possibly causing a rally in their prices. Analysis unveiled the performance contrast between KangaMoon, Tron, Maker, Bonk, and Pepe with MKR being one of the better performers. BlackRock's BUIDL, Ondo, and Superstate are showing interest in MakerDAO's $1B tokenized treasury investment plan. However, Bitcoin's trading frenzy has almost depleted a vault in MakerDAO. On the brighter side, MKR has started to record positive moves, bucking the negative trend in the majority of the coin market. In an ambitious push, MakerDAO aims to launch the Endgame that targets minting 100B DAI to take on Tether. Nevertheless, controversies have emerged around MakerDAO and Aave’s DeFi conflict over DAI’s perceived risk growth. MakerDAO has also generated excitement by revealing its Endgame plans with two new stablecoins. These announcements have led to a spike in Maker's exchange balance following a 45% price surge. The DeFi TVL has surpassed the $100B mark and MakerDAO's announcement of launching a fully decentralized stablecoin further cements its stake in the market. Meanwhile, victims of the DAO Maker hack are still awaiting compensation, three years after the incident. Other significant developments include MakerDAO's collaboration with Sherlock for a $1.35M security audit contest and MakerDAO implementing temporary fee adjustments amid market volatility. Overall, Maker appears to be on a promising trajectory despite challenges.
Maker Coin News Analytics from Tue, 08 Aug 2023 07:00:00 GMT to Thu, 25 Jul 2024 17:43:12 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor -3
