MakerDAO’s MKR Token Jumps 10%, Defying Crypto Market Slump
Maker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, has surged over 10% due to improved profitability resulting from adjusted lending rates.
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Posted 8/31/2023, 8:17:00 PM
coindesk.com
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Principal DeFi tokens, including MKR, have demonstrated more resilience compared to altcoins in the bear market, with MKR experiencing the most significant price growth.
Ethereum co-founder Vitalik Buterin has sold $580,000 worth of MakerDAO's MKR tokens following concerns over the project's new chain being based on a Solana platform and offered suggestions to rival stablecoin platform Reflexer Finance on how to improve and compete with MakerDAO.