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The past few days have favored altcoins with incredible gains. Among the soaring coins is MakerDAO's governance token Maker (MKR).

Over the course of seven days, Maker (MKR) has experienced remarkable growth, showcasing its potential as a lucrative investment opportunity. According to data from CoinMarketCap, MKR has recorded a significant gain of 30% in this timeframe, sparking much interest and optimism among its numerous traders and holders.

Bitcoin's narrow range trading may end soon and if an upside breakout happens. Meanwhile, LTC, XMR, AAVE and MKR are showing strength.

After replacing MakerDAO as the leading DeFi protocol in January, Lido's TVL has since grown tremendously.

MakerDAO, a prominent decentralized finance (DeFi) platform, has made significant developments to reduce its reliance on USD Coin (USDC) as collateral for its stablecoin, DAI. The protocol has diversified its collateral by incorporating Real World Assets (RWA), such as short-term bonds, which now constitute a substantial portion of DAI collateral.

MakerDAO has decreased its dependence on USDC as collateral, shifting focus to Real World Assets (RWA) and experiencing notable growth driven by wstETH.

MakerDAO has decreased its dependence on USDC as collateral, shifting focus to Real World Assets (RWA) and experiencing notable growth driven by wstETH.

MakerDAO's DAI has swapped out a lot of USDC in its stablecoin reserves for U.S. Treasurys as its collateral changes shape.

MakerDAO has purchased additional U.S. Treasury bonds worth $700 million. The decentralized finance (DeFi) protocol houses the DAI stablecoin. Meanwhile, the latest purchase saw DAO's total treasury bond balance hitting $1.2 billion. The move comes after the MakerDAO neighborhood voted to expand its United States Treasury bond value to $1.

MakerDAO, the DeFi protocol behind decentralized stablecoin DAI, has completed the acquisition of an additional $700 million worth of US treasuries.

MakerDAO announced on Wednesday a significant addition of $700 million in U.S. Treasury bonds to its holdings, which took its total bond holdings to $1.2 billion, a move aimed at backing DAI with real-world assets. MakerDAO is a Defi lending protocol and the company behind the DAI (CRYPTO: DAI) stablecoin.

MakerDAO has purchased a second batch of U.S. Treasury Bonds worth a whopping $700 million. The purchase of part of the DeFi lending protocol's attempts to diversify the assets backing its DAI stablecoin.

MakerDAO, the organization behind the DAI stablecoin, has purchased $700 million worth of U.S. Treasury bonds, bringing the DAO's total Treasury bond holdings to $1.2 billion. The MakerDAO community had already held the preliminary vote to increase its U.S. Treasury bond holdings from $500 million to $1.25 billion in March.

MakerDAO, the DeFi protocol whose team is responsible for the creation of the DAI stablecoin, recently announced the completion of its acquisition of an extra $700 million worth of US Treasurys.

The purchase is the latest step to increase the role of real-world assets in the platform's DAI stablecoin reserve.

MakerDAO initially purchased $500 million in U.S. Treasury bonds in October 2022 for exposure to traditional low-risk liquid assets.

Story Highlights Maker price could possibly surge as high as $931.61 by the end of 2023. MKR price with a potential surge could go as high as $4,091.63 by the end of 2030. The live Price of Maker Dao is .

While the move could result in higher collateral rates, it could also stimulate an increase in DAI's circulation

BeInCrypto presents the top 5 altcoins that increased the most in the cryptocurrency market during the last 7 days. Specifically, the relevant period is June 10-16, 2023.

DAI has overtaken BUSD in market cap as Binance faces legal issues. The integration of rETH and raised debt ceiling bolstered DAI's growth and stability.

The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted.

Maker's annualized fee revenue hit $94.87 million at the time of publication, the highest since mid-February 2022.

The result could have a significant impact on Gemini and its stablecoin as MakerDAO's reserve holds roughly 88% of total GUSD supply.

Amidst the bloodbath present ravaging the majority of cryptocurrencies, Maker (MKR) has managed to maintain its value and shown positive momentum. This current performance is noteworthy and has triggered the interest of investors and market observers.