Maker DeFi Token Jumps 30% as Users Turn to DAI Stablecoin Amid Terra's Collapse
Amid Terra's collapse, investors have flocked back to Maker's native governance token and the DeFi protocol's native stablecoin DAI.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Less than 10% of stablecoins are deposited in DeFi, Token Terminal finds
The low DeFi stablecoin deposits highlight untapped revenue potential for protocols and underscore Ethereum's dominance in the eco...
Aptos stitches stablecoins, tokenized funds and payments into one onchain stack
Aptos' integration of financial services on a single blockchain could redefine digital finance, but liquidity challenges may hinde...
Tokenization and stablecoins may weather Democrats' sweep as broader crypto rules face uncertainty
Wall Street's push to bring finance onto blockchain rails may continue under existing laws, though the SEC and CFTC face tougher o...
Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service
Morgan Stanley is using the DTCC Tokenization Service (DTS) to put U.S. equities and Treasuries into token form, the bank said in...
ChatGPT AI Predicts: Will Crypto Recover? How Low Could We Go?
Bitcoin (BTC) is near $77,000 and Ethereum (ETH) nears $2,260, about $1,342 below where ETH USD price was a year ago. Bitcoin’s pe...
Bitcoin rebounds from midterm dip as DeFi leads gains
Bitcoin recovered from a dip to around $75,600 as Democrats won Congress, while DeFi tokens led gains and Trump-linked coins fell.