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MakerDAO Adjusts Fees Amidst Market Volatility

Recent on-chain data from Spotonchain has revealed a significant transaction involving Whale 0x8af in the Maker (MKR) ecosystem. In the past few hours, Whale 0x8af made a strategic move by selling 939.8 MKR tokens for 2.54 million DAI, capitalizing on a 30% increase in MKR value over the past two days.  This decision allowed the whale to lock in profits, considering they had previously withdrawn 4,077 MKR on October 23 at a lower rate, leaving them with 3,077 MKR and an estimated total profit of $5.21 million. https://twitter.com/spotonchain/status/1767019637869334950?t=4JWaiIcMJ9xbX1CaoOYn8g&s=19 Meanwhile, MakerDAO, the protocol behind the Dai stablecoin, has taken proactive measures to address increased market volatility and optimistic sentiment. In response to a decline in Dai reserves, MakerDAO has approved an "Executive Vote" proposing temporary fee adjustments to bolster the protocol's resilience. Purpose Of The New Proposal For Maker Protocol MKR […]

Will Izuchukwu March 12, 2024

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Maker Co-Founder’s Token Exchange Sparks MKR Surge

Rune Christensen, one of the co-founders of Maker, recently orchestrated significant token exchanges involving SHIB, the native token of Shiba Inu, and LDO, the native token of Lido DAO, in favor of MKR, Maker's native token.  These transactions, revealed through on-chain reports, had a substantial impact not only on MKR's value within the Ethereum-based smart contract platform but also across the broader cryptocurrency market. https://twitter.com/ai_9684xtpa/status/1766411527085818353?t=rte42DY2uUQzaDO9qGtGNw&s=19 In a series of transactions conducted in the past hours, Rune Christensen, known as @RuneKek, divested himself of 12 billion SHIB and 75,000 LDO tokens, totaling $660,000 in value. Following the exchange for USDC, he strategically reinvested these funds to acquire 312 MKR tokens, averaging a purchase price of $2389. Rune Christensen MKR Wallet Activity To Watch Currently, Rune Christensen still retains a sizable holding of 5.039 billion MKR tokens, which are valued at approximately […]

Will Izuchukwu March 10, 2024

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Analyzing Top Protocols in Real World Assets (RWA) Category

In the realm of Real World Assets (RWA) protocols, Maker takes the lead in terms of Total Value Locked (TVL), emphasizing its focus on RWA advancements.  Meanwhile, Mountain Protocol has recently witnessed a remarkable surge, with its TVL skyrocketing by 400% in recent weeks.  Maple, on the other hand, competes closely with Maker in terms of developer activities, with Maker's price performance currently outpacing its counterparts. During the second week of January, Altcoin Maker (MKR) displayed robust performance, averaging $94.5 million in Real-World Asset (RWA) transactions daily within the decentralized finance (DeFi) landscape.  This impressive transaction volume underscores sustained activity and interest within the MakerDAO ecosystem, despite fluctuations in the market. Mountain Protocol TVL Hits 150M, Over 900% Increase  Mountain Protocol has also made significant strides, with its TVL reaching $150 million, marking an astounding 900% increase since early December.  […]

Will Izuchukwu January 26, 2024

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MakerDAO’s $MKR Shines In Real World Asset (RWA) Holder Profitability And Transaction Volume

Among Real World Asset (RWA) tokens, MakerDAO's $MKR stands out with an impressive 75% of addresses showing profitability, according to data from Intotheblock. The transaction volume of $MKR leads among RWA protocol tokens, hitting a daily average volume of $94.5 million during the second week of January. https://twitter.com/intotheblock/status/1748040797415428270?t=VbRTBzLTxNfcVlfn4__uhg&s=19 RWA tokens leverage DeFi's inherent interoperability to capture yield and assets from the real economy. The year 2023 marked significant progress, with initiatives successfully integrating returns from US Treasury bonds into DeFi through stablecoin production. This innovation has propelled the total value locked in RWA protocols beyond $2.6 billion, closely approaching the combined market capitalization of leading RWA protocols at $2.87 billion. Currently, the RWA ecosystem boasts over 127,000 token holders. https://twitter.com/ChainAfrik/status/1748231676331807140?t=nvx8hiRWui9cGegwFz2zcA&s=19 RWAs Displayed Resistance Despite The Bear Market Challenges Despite challenges in the bear market, RWAs demonstrated resilience, evidenced by a […]

Will Izuchukwu January 19, 2024

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