Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Why MakerDAO’s Endgame is the ‘new’ MKR and DAI
ALTCOIN NEWS

Why MakerDAO’s Endgame is the ‘new’ MKR and DAI

By Crypto FlexsMarch 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Why MakerDAO’s Endgame is the ‘new’ MKR and DAI
Share
Facebook Twitter LinkedIn Pinterest Email
  • Maker explained that it would reorganize DAI and MKR.
  • DAI may not be able to compete with USDT despite plans to increase supply.

If MakerDAO (MKR) co-founder Rune Christensen’s plan goes through, the project could upgrade its governance token and decentralized stablecoin DAI. AMBCrypto reviewed a note Christensen wrote to the Maker community on March 12.

Most of it is centered around the endgame, which aims to expand the DAI supply to over 100 billion. For those unfamiliar, the current supply of DAI was 5.35 billion.

The upgraded version doesn’t seem to be the solution.

In May 2023, the Maker team introduced Endgame as a way to support DAI. One of its missions was to make it competitive with stablecoins like USDT. However, since then, developments have failed to impact stablecoins.

This time, Maker said it will get closer to its goal with upgraded MKR and DAI. If this happens and DAI receives a supply of 100 billion, the stablecoin’s market cap could jump from 27th place.

However, this prediction does not mean that other stablecoins such as USDT and USDC will remain stagnant. As of press time, MakerDAO’s Total Value at Lack (TVL) has increased by 20.32% over the past 30 days.

TVL evaluates the overall health of a specific protocol. Therefore, the above increase suggests that market participants believe that their deposits will earn better returns.

However, DAI lags behind in terms of stablecoin transaction volume. AMBCrypto used data from DeFiLlama to confirm that participants had linked stablecoins such as Ethereum (ETH), Arbitrum (ARB), and more.

Data showing stablecoin trading volume for MakerDAO’s stablecoin DAI

However, changes over the past seven days are less impressive, indicating that participants’ attention is unstable. If DAI’s trading volume no longer increases, stablecoins may remain “king” only in the decentralized space and not in the broader market.

Decreased development, as well as traction.

We also made sure that MakerDAO was putting in the effort in terms of development activities. Development activity surged on March 11, according to Santiment.

An increase in this indicator means that developers are releasing new features. However, at press time, development had declined, suggesting a slowdown in code commits as the network upgrades. This decline also suggested that this was not the time for MKR to be bullish.

Another metric that AMBCrypto examined was network growth. Network Growth shows user adoption by tracking the number of new addresses associated with initial transfers.

MakerDAO's network growth and development activity declineMakerDAO's network growth and development activity decline

Source: Santiment


Realistic or not, the market cap of DAI in terms of MKR is:


An increase in the metric would have signaled a surge in interest in the Maker ecosystem. However, the decline here means that network traction has dropped.

Going forward, market participants can keep an eye on DAI and MKR to see how any proposals or potential approvals will impact the cryptocurrencies.

Next: Will Polkadot (DOT) go back to $20 or back to $9? Here’s what you need to know

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Binance Alpha Listing Drive Skating Token Price 33%

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Nautilus launches anti -tamper prevention Oracles in Sui Mainnet.

June 7, 2025

Binance Alpha Listing Drive Skating Token Price 33%

June 7, 2025

Data Center security improvement: Role and risk of base board management controller

June 7, 2025

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025
Most Popular

Best Cryptocurrencies to Buy Now December 10 – Injective, KuCoin Token, Cronos

December 10, 2023

Bernstein says Solana is ‘leading the battle’ for blockchain payments.

April 9, 2024

NFT Sales Down 36% in January 2024 – Will we see an uptick again this coming February?

January 31, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.