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news-imageDecember 11, 2024

Bitcoin-backed USDa becomes the world's second-largest CDP project, behind MakerDAO's DAI

Bitcoin-backed stablecoin USDa currently ranks second among the largest CDP projects, trailing only behind MakerDAO's DAI. The stablecoin issued by Avalon Labs has a total value locked (TVL) of $729 million and a borrow-supply ratio of 48%.
Publisher: Cryptopolitan
Sentiment: Positive
DAI
MKR

More News Articles

Negative
cover-imageThe Currency Analytics
February 21, 2025

MKR Whale Sell-Off fuel Profit-Taking Concerns

The cryptocurrency market has witnessed significant activity surrounding Maker (MKR), a token that has surged by 50% in recent times. While this price movement has attracted much attention, the involvement of whales—large holders—adds an additional layer of complexity to the market dynamics.

Positive
cover-imageCoinPedia
February 18, 2025

MakerDAO (MKR) Defies Market Trend, Poised for 50% Surge

In this bearish market trend, where major assets are struggling to gain momentum, MakerDAO (MKR) has outperformed major cryptocurrencies and defied the market trend. As of today, February 18, 2025, MKR has gained 7% in the past 24 hours, topping the crypto market and showing signs of a potential price rebound.

Neutral
cover-imageThe Currency Analytics
January 11, 2025

Maker DAO Price Prediction 2025-2030: MKR's Future Outlook

Maker Dao, the decentralized finance (DeFi) platform known for its native token MKR, has been an essential player in the cryptocurrency ecosystem. Recently, the token experienced significant fluctuations, dipping below $2,000 after reaching an all-time high of over $6,300 in May 2021.

Positive
cover-imageCrypto Economy
January 7, 2025

Ethena's USDe Skyrockets to $6 Billion Market Cap, Overtaking DAI

TL;DR Ethena surpasses DAI and reaches a $6 billion market capitalization with its stablecoin USDe, standing out in the sector. The integration of sUSDe into Aave drives over $1 billion in inflows in just a few weeks, attracting large investors. Ethena launches USDtb, a stablecoin backed by U.S.

Positive
cover-imageThe Currency Analytics
November 22, 2024

Maker Whale Activity Surges 1400% as MKR Eyes Potential Breakout

The Maker (MKR) token has seen a notable surge in whale activity, with large transactions jumping by a staggering 1,400%. Despite this increase in large-scale transactions, technical indicators and on-chain metrics are sending mixed signals about the future direction of MKR's price.

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