DeFi Token Maker Sets New TVL All-Time High As Crypto Market Takes Pause
Maker, an early DeFi token that helped get the now unstoppable trend off the ground, has set a new all-time high in total value locked, just as the rest of the crypto takes a nosedive. Although the trend across crypto has temporarily turned bearish, the altcoin token’s fundamental health continues to grow steadily, suggesting that […]
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While decentralized finance (DeFi) has seen a strong surge in 2020, Maker (MKR), a token strongly tied to DeFi, has underperformed. The cryptocurrency, relative to its competitors, is underperforming; where Aave’s LEND and Synthetix’s Synthetix Network Token surged hundreds of percent in this year alone, MKR only saw a 20-30% move higher. The market may […]
MKR, the native token of the Maker Protocol, has recorded substantial gains despite the most recent market downturn. After news of FTX’s liquidity crisis rocked the crypto market, several coins have struggled to bag daily gains to no avail. However, MakerDAO’s governance token has experienced an impressive surge today. Specifically, MKR trades at $873 press time, gaining over 26% on the day. Despite the huge jump in the day, Maker still hasn’t recovered its weekly losses. However, if its bullish trend continues, it might fully recover in a short time. Related Reading: Bitcoin Eyes $18K....
Maker's MKR token surged to its highest level in more than two years.
Despite the general bearish trend in the cryptocurrency market at the moment, the Maker token continues to thrive. Maker is currently trading at $811.28 today. It represents an increase of up to 5.72% in the last day. Despite positive moves in the last 24 hours, the current market sentiment is bearish and expected to persist until mid-October 2022. Related Reading: Is Bitcoin ‘Uptober’ About To Begin? | BTCUSD Analysis October 3, 2022 The trading volume of MKR today stands at $47.47 million. It also currently ranks at number 55 on CoinMarketCap. The price change in 24 hours is over....
Bitcoin’s price takes a break while DeFi value locked is at record levels.