$2 300
1H
-1.04%$24.17
24H
2.73%$61.12
7D
-7.88%$196.8
30D
1.71%$38.67
Maker (MKR) is a cryptocurrency and a governance token. Cryptocurrency Maker (MKR) is a digital token created on the Ethereum platform of the project Maker, the main purpose of which is to create a line of decentralized digital assets that would be tied to the value of real instruments such as currency, gold, etc. On the basis of the platform, it is planned to create an exchange where it would be possible to carry out margin trading of tokens on the ERC20 Protocol.
UniSwap’s UNI DeFi token has shot to fame with a massive rally this year. The latest price jump comes on the backdrop of improving fundamentals of the UniSwap network.
Chainlink has emerged as the best performing crypto over the last week with its price moving past $25 over the last weekend. Also, the massive surge in DEX activity has led to a rally in the DeFi market with the total value locked going past $26.5 billion.
DeFi tokens are on the rise as the Office of the Comptroller of the Currency (OCC) is considering the possibility to grant banking charters to the growing number of DeFi projects.
The introduction of EGG can make it a lot easier for everyone to explore different DeFi yield farming options, staking, and so forth.
However, the total number of Ethereum locked up in DeFi plunged from 9.4 million ETH in mid-late October to the current 6.8 million ETH locked up at the time of writing.