Decentralized Finance (DeFi) tokens continue to make drastic moves on the price charts, compensating for Bitcoin’s low volatility which has recently hit a three year high. Earlier today, Aave (LEND) and Synthetix Network (SNX) token briefly surpassed MakerDAO’s (MKR) token as each rallied to $0.375 and $4.09 respectively. The ‘flippening’ was short-lived and MKR has now reclaimed its position above LEND, SNX and Compound (COMP) and currently sits at number 28 on Coinmarketcap with a market capitalization of $453 million. The switch up likely occurred as LEND price corrected sharply today, dropping 16.5% to $0.313. LEND, SNX, MKR Market Capitalization. …

Decentralized finance has become one of the hot topics in crypto this year. Although activity and volume in the DeFi space still lag behind its popularity, this is starting to change as novel protocols become available. In fact, according to a recent report by Consensys, the amount of Ether (ETH) locked and active users on DeFi platforms has soared after being “fairly stagnant” during the rest of the year due to Compound’s release. DeFi tokens have also been the topic of much discussion, as they have outperformed Bitcoin in the price charts week after week. In fact, Compound’s COMP token …

The DeFi industry may be booming this year, but a new report shows earnings have fallen despite a huge surge in token prices. The second quarter token report from Bankless, a DeFi focused newsletter from Mythos Capital founder, Ryan Sean Adams, revealed that earnings fell by 42% in the second quarter, from $5.5 million in Q1 down to $3.9 million in Q2. The findings are somewhat surprising since most DeFi related tokens have been on fire recently. Dai Savings Rate decline blamed One big factor was MakerDAO shifting the stability fee (SF) down to 0% following the mid-March crypto crash. …

The total number of users engaged with decentralized finance (DeFi) protocols has increased by more than 140%, since exceeding six-figures for the first time in January. According to data published by Dune Analytics, the total number of DeFi users was just shy of 240,000 as of July 6 — increasing by more than 20% in the past month. The total value of capital locked up in DeFi protocols has also exceeded $2 billion just six months after breaking above $1 billion for the first time. Despite the surge in users, five projects account for the vast majority — roughly 94% …

Decentralized Finance (DeFi) has been a rapidly growing sector in the crypto space and although the volume of the DeFi ecosystem yet to surpass that of the general crypto market, the new way of lending and saving has garnered positive media coverage and “praise”. DeFi shows great promise and the market is starting to reflect this, as many DeFi-based tokens have been pumping strongly in 2020, with some tokens showing gains above 60% in the past 5 days. According to a report provided to Delphi Digital’s clients, tokens for popular apps in the DeFi space have been showing great gains …

After a single day of trading, Compound’s COMP token has emerged as the largest decentralized finance (DeFi) token by market capitalization. COMP overtook MakerDAO’s MKR token by market cap as it rallied by more than 60% over just a few hours. The token’s price has since pulled back around 20% from its local highs over $100. Compound’s market cap of nearly $740 million is 35% greater than Maker’s $547.1 million, according to market data aggregator DeFiMarketCap.io. COMP is currently the 20th-ranked crypto asset overall by market capitalization, nudging the second-largest stablecoin by capitalization USD Coin (USDC) out of the top …

In the clash of ideas between centralized and decentralized finance, is one better than the other, or do they both need each other? The latest months of global quarantine have been nothing less than a renaissance for online events across spheres. This has been especially true for the technologically adept blockchain community. While crypto crews have been sailing from one event to another, the next big virtual conference on everyone’s calendar is Blockdown 2020. And the Blockdown team is preparing a showdown of ideas between two crypto heavyweights for part of its programming. MakerDAO founder Rune Christensen and Celsius Network …

The price of MakerDAO (MKR) has rallied by roughly 30% over the past 24 hours, posting a new year-to-date high above $720 on some exchanges. The rally follows a late May spike of up to roughly 45% on the heels of MKR’s second Coinbase Pro listing. The past day’s high saw the price top 100% gains in two weeks. MKR/USD on Bitfinex: TradingView When measured against Bitcoin (BTC), the rally saw Maker break above its upper-range for 2020 and spike to a local top of 0.076 BTC, before quickly retracing to 0.060 BTC. MKR is currently trying to establish support …

Support for Maker (MKR), the token underpinning the leading decentralized finance, or DeFi, protocol MakerDAO, is set to launch on Coinbase Pro on June 8. The U.S.-based cryptocurrency exchange announced the forthcoming listing on May 29, with USD and Bitcoin (BTC) pairings set to go live in phases. Coinbase Pro announces Maker pairings Coinbase Pro will begin accepting MKR deposits on Monday, June 8. Trading is slated to commence at approximately 9am Pacific Time on June 9, providing the exchange’s MKR orderbook garners meaningful liquidity. “[T]rading on our MKR-USD and MKR-BTC order books will start in phases, beginning with post-only …

Crypto market data analysis firm Santiment has published data suggesting bullish activity surrounding MKR — the token underpinning decentralized finance (DeFi) project MakerDAO. On May 20, Santiment published data indicating bullish divergence between the number of daily active MKR addresses and price action for the token. “$MKR looks to be forming a major bullish divergence in our Daily Active Addresses vs. Price Divergence model today,” Santiment tweeted. “MakerDAO’s network is indicating a high level of unique addresses transacting, which typically can lead to a price surge with some maintained longevity.” Price versus Daily Active Address divergence for top altcoins: Santiment …

Crypto analysts AlfaBlok has published a report that claims the number of circulating Dai will need to increase by more than 70% each year in order for MakerDAO (MKR) to maintain its current capitalization of close to $350 million. According to AlfaBlok’s modelling, published May 5, the supply of Dai will need to exceed several trillion by 2040 — up from the current supply of roughly 100 million. The analysts said they had conducted “a fundamental analysis on this decentralized business based on discounted earning flows” and concluded: “The bottom line is that the current valuation implies very aggressive growth …

The decentralized finance lending platform Maker, like many crypto participants, suffered losses during the price collapse of “Black Thursday” on March 12. The price of Ether (ETH) declined by about 50% within 24 hours, triggering opportunistic profiteering as the Maker system became swamped with a huge volume of liquidations. In the aftermath of the crisis, Maker recorded losses totaling 6.65 million Dai (about $6.65 million) and has been forced to make sweeping changes to its governance and auction parameters. The project also added the stablecoin USD Coin (USDC) to its collateral pool. Amid the losses incurred by the project, Maker …