Amidst the crypto market resurgence, the smart contract platform Maker and its native token MKR have experienced a challenging period, with MKR demonstrating a consistent downtrend after reaching a yearly high of $4,070 in April, plummeting to as low as $2,440 just one week later. Dive into the protocol’s key metrics and observe notable levels to gain insights into potential price movements and actions for the MKR token in the near term. Maker Protocol’s Updated Metrics Reveal Positive Growth The Maker protocol, known for its decentralized stablecoin DAI, recently disclosed updated metrics highlighting its health and growth over the past month in a post on social media site X (formerly Twitter). DAI, governed by MakerDAO’s decentralized blockchain, enables the borrowing and lending of cryptocurrencies. The current DAI supply, exceeding 5 billion DAI, is a critical metric reflecting the total amount of DAI created and circulating. Related Reading: Shiba Inu Whale Enter Buying Frenzy, 715 Billion SHIB Snapped Up In Days Total Value Locked represents the dollar value of assets locked within the Maker Protocol. Despite being live on one ..
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