MakerDAO Is DeFi’s Biggest Winner as ETH Price Explodes | Crypto Briefing

Key Takeaways

  • A month after being trounced by Compound, MakerDAO is once again DeFi’s most valued protocol.
  • The rise in value comes primarily from ETH’s appreciation rather than a new influx of fresh funds.
  • The rush to capitalize on ETH’s rally is causing the DAI debt ceiling to fill up quickly.
  • Maker needs to put in the work to retain its top spot as competitors iterate and add new features.

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