Stable coins are going to take center stage this week.
$CRV, $AAVE, $XRP, $MKR are all likely to outperformf
Plan accordingly.
Cas Abbé
The next few weeks are going to be really bullish for the crypto market.
🇺🇸 US House has designated July 14-18 as "crypto week".
During this week, 3 crypto-related bills will be under review.
1️⃣ GENIUS Act: A bill to establish a federal framework for regulating stablecoins.
2️⃣ Anti-CBDC Surveillance Act: A bill to prevent the Fed from issuing a CBDC.
3️⃣ CLARITY Act: A bipartisan bill aimed at creating a regulatory framework for digital assets.
It's expected that all of them will be passed in 2025, which will set the stage for a massive rally.
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VirtualBacon
This week is “crypto week” in the US House, with 3 bills up:
1️⃣The Clarity Act
2️⃣Anti-CBDC act
3️⃣Genius Act (for stablecoins).
The Clarity Act is crucial, it builds on last year’s FIT Act and draws a regulatory line.
Native L1 tokens may be protected, but non-native tokens (like $LINK, $UNI, $MKR) could face security scrutiny.
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Real World Asset Watchlist
Which RWA tokens will 100x in 2025?🤔
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The Daily Hodl
Two decentralized finance (DeFi) altcoins have abruptly gained support from the top US-based crypto exchange platform Coinbase.
In a new announcement, Coinbase says it’s adding Sky (SKY), formerly known as MakerDAO, as well as its associated stablecoin USDS (USDS), to its suite of digital asset products.
“Sky (SKY) and USDS (USDS) are now live on Coinbase.com and in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
News of the additions had little impact on the tokens, as SKY is trading for $0.0836 at time of writing, a 3% gain during the last 24 hours, while USDS has remained pegged to the value of the US dollar.
According to the crypto analytics firm Messari, MakerDao first rebranded to Sky in August 2024, replacing its governance token MKR with SKY and its dollar-pegged digital asset DAI with USDS.
Messari says that the rebrand was a part of the development team’s “endgame” strategy, which is a plan to promote growth and accessibility within the DeFi ecosystem as well as create bridges to traditional finance.
“The rebranding is intended to appeal to a broader audience beyond the crypto-native community, signaling a shift towards traditional finance and potentially increasing adoption…
Overall, the rebranding to Sky is a strategic move within Maker’s Endgame Plan to enhance DeFi growth, accessibility, and resilience, although it faces challenges in community acceptance and brand identity.”Follow us on X, Facebook and Telegram
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS appeared first on The Daily Hodl.
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Ni
looks like the early access race is heating up
if the snapshot is tied to the leaderboards, now’s the time to step up your game. @yarm_ai and @mitosisorg are definitely making moves, and kaitoai is keeping things exciting.
who’s ready to secure their spot?
Pauluz
New news about @Yarm_AI just dropped.
A snapshot of the early access Yarmers will be taken soon.
The visual shows several projects featured on @KaitoAI, including @MitosisOrg.
This could mean the snapshot for early access is based on those leaderboards 👀
The current price of Maker is $1,859.10. Over the last 24 hours, Maker has decreased by -1.59%. It currently has a circulating supply of 901,310 MKR and a maximum supply of 0 MKR, giving it a fully diluted market cap of $1.68B. At present, Maker holds the 37 position in market cap rankings. The Maker/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
In a push towards decentralization, governance tokens have emerged as a cornerstone of many crypto projects, allowing token holders to stake and vote on protocol modifications. MKR is the governance token for MakerDAO, which plays a pivotal role in ensuring the efficiency, transparency, and stability of DAI, a decentralized, collateral-backed stablecoin.
What is MakerDAO
MakerDAO is a decentralized autonomous organization (DAO) that administers the DAI stablecoin through the Maker Protocol. This protocol enables the minting and management of DAI stablecoins while maintaining their peg to the US dollar using over-collateralization and other mechanisms. The primary responsibility of MKR holders is to vote on changes to the Maker Protocol, which directly impacts DAI. MKR's governance role ensures that the protocol adjusts and evolves in response to the market's demands and potential risks.
The Maker team
Maker was created in 2015 by Rune Christensen, a Denmark-based entrepreneur. He graduated from the Copenhagen University with a degree in biochemistry. He also studied international business at the local Copenhagen Business School. Before founding MakerDAO, he co-founded Try China, an international recruiting company.
How does MakerDAO work
MKR holders are at the heart of the MakerDAO system, actively participating in Executive Voting. Successful votes translate into changes within the protocol. For instance, these token holders set the DAI savings rate, directly impacting the incentives for those who stake DAI. Contributors are rewarded for their active involvement.
MKR tokenomics
MKR tokens, capped at 977,631 in supply, are central to the MakerDAO ecosystem. They empower holders with governance rights, allowing them to shape the system's direction. Beyond governance, MKR is crucial in maintaining DAI's stability, ensuring its value remains pegged and resilient to market fluctuations. Notably, in situations of undercollateralization, MKR is auctioned to cover the deficit.
Furthermore, MKR tokens are used to settle stability fees, which are essentially interest charges on DAI loans. These MKR tokens are subsequently burnt, gradually reducing their overall supply and adding an element of scarcity.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 10K new posts about Maker, driven by 6.3K contributors, and total online engagement reached 92M social interactions. The sentiment score for Maker currently stands at 83%. Compared to all cryptocurrencies, post volume for Maker currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Maker.
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Posts
9,971
Contributors
6,254
Interactions
91,836,300
Sentiment
83%
Volume rank
--
X
Posts
1,779
Interactions
4,264,559
Sentiment
55%
Maker FAQ
How is MKR different from DAI?
While both tokens are part of the MakerDAO ecosystem, MKR is a governance token, and its primary role is to oversee the protocol's operation and stability. In contrast, DAI is a stablecoin pegged to the US dollar, designed to maintain its value despite market volatility.
How is DAI's stability maintained?
DAI's stability is ensured through over-collateralization, liquidation processes, MKR governance, stability fees, and the DAI Savings Rate (DSR). Combined, these mechanisms help keep DAI's value close to $1.
What is the MKR price prediction?
While it’s challenging to predict the exact future price of MKR, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is 1 Maker worth today?
Currently, one Maker is worth $1,859.10. For answers and insight into Maker's price action, you're in the right place. Explore the latest Maker charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Maker, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Maker have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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