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After two years of lying dormant, Vitalik Buterin, the co-founder of Ethereum, made headlines. Let's take a look at this Ethereum News
Maker bulls seized control of MKR's price action with 20.5% gains over the past 48 hours after a deep retracement in August.
Ethereum co-founder Vitalik Buterin has significantly influenced the crypto space by transferring 999 ETH to a different address and depositing it to Bitstamp, with the latest transaction valued at $1.63 million.
The cryptocurrency market has been abuzz with excitement as Maker (MKR), the decentralized lending protocol, experienced an astonishing 14% surge in its price over the past 24 hours. Currently priced at an impressive $1,178.02, Maker is emerging as one of the standout altcoins in today's dynamic secondary marketplaces.
In a monumental development that promises to reshape the landscape of decentralized finance (DeFi), Rune Christensen, the visionary mind behind MakerDAO, has revealed an audacious proposal that could set the stage for the future of blockchain technology. This visionary plan revolves around the creation of a revolutionary blockchain, known by its codename “NewChain,” which stands as the cornerstone of Maker's ambitious “Endgame” strategy.
The move comes one day after MakerDAO's CEO publicly floated developing the project's NewChain on Solana or Cosmos
Rune Christensen, the co-founder of MakerDAO, proposed a significant shift in the project's technological foundation. Christensen suggested that MakerDAO's upcoming native chain, known as “NewChain,” should be developed using a fork of Solana's codebase rather than the Ethereum Virtual Machine (EVM).
Ethereum co-founder Vitalik Buterin sold 500 Maker (MKR) tokens for 350 Ether (ETH) via CoWSwap, raising concerns about potential market implications. Maker's price fluctuation could signal a bearish trend, while the ETH exchange could complicate market sentiment.
In the dynamic and ever-evolving world of cryptocurrency, Maker (MKR) is currently standing at a critical juncture. The digital asset has encountered a formidable resistance zone, which spans between the price levels of $1,153 and $1,187.
Rune Christensen, the CEO of MakerDAO, has proposed using Solana's codebase as the foundation for the protocol's future blockchain, NewChain.
MakerDAO's Co-Founder, Rune Post, has proposed exploring a fork of Solana's codebase for the development of a new independent blockchain, NewChain.
Rune Christensen stated that Solana's codebase should be the foundation of MakerDAO's upcoming blockchain, as he highlighted that it's optimized for building “highly efficient blockchains.”
The final phase of plan will be the "complete reimplementation" of the Maker Protocol in addition to building on a new blockchain.
Some community members have already pushed back against the idea.
Rune Christensen, the founder of MakerDAO, has proposed using a fork of the Solana blockchain for the final phase of Maker's “Endgame” strategy, according to a recent tweet and accompanying blog post.
Rune Christensen, MakerDAO's co-founder, suggested that a forthcoming appchain dedicated to the DeFi lending protocol could be built using the codebase of Solana.
Rune Christensen, the chief executive officer and co-founder of MakerDAO, announced plans to consider Solana's codebase as the groundwork for NewChain, Maker's forthcoming standalone blockchain.
MakerDao soars, driven by relentless whales, with its price defying the crypto market's norms. A surge in volume hints at more exciting developments ahead.
Yet, what truly distinguishes Maker from the rest is its groundbreaking foray into the South Korean lending market—a strategic move poised to redefine the landscape of decentralized finance (DeFi) in the region. This expansion not only introduces South Korean users to the innovative SparkLend protocol but also extends its accessibility to DeFi enthusiasts worldwide.
In the times when the crypto markets have remained quiet, floating around the market capitalization of $1.05 trillion, Maker (MKR) has successfully held the gains that the other altcoins lost in the recent plunges.
The MKR governance token of MakerDAO previously surged by more than 10% just a while ago, and the move defied
Maker (MKR), the governance token behind MakerDAO and the Maker Protocol, both built on the Ethereum blockchain, has experienced a notable surge in value over the past 24 hours, just ahead of an anticipated event in Seoul scheduled for Friday.
In an unexpected twist of events, the alternative cryptocurrency (altcoin) market is buzzing with excitement as Maker (MKR), the governance token of the renowned decentralized finance (DeFi) platform MakerDAO, experiences a remarkable surge of 11%, propelling its valuation to an impressive $1,155. Amid the constant ebb and flow of prices within the global cryptocurrency market, Maker has emerged as a true standout with its exceptional ascent.
The rally occurred amid improving fundamentals of Maker, as the protocol has returned to make profits, Messari analyst Kunal Goel said.
