BTC dropped to a low of 98,200, currently rebounding to around 101,250.
The DeFi weekly report released last Friday... is it completely irrelevant now?
However, I still included the Base ecosystem in my buy-the-dip list.
At that time, Base topped the weekly inflow with 40 million USD.
Notable news includes JPMorgan entering Base to issue JPMD, the ACP narrative led by Virtual, and Creator Bid joining the AI agent launchpad competition, but ultimately, it cannot compete with the historical unfolding of the Iraq War.
🔸 @cobie posted late on the 22nd asking which tokens besides $BTC $ETH $SOL $HYPE would be good to buy the dip on after this market crash? It’s a good time to organize the interesting answers in the comments a bit. 👇
🔸 @Auri_0x mentioned $STRK, an ETH layer 2 competing with Solana TPS, which has a far lower FDV than arb and op, with related narratives including BTC L2 and more.
🔸 @0xMert_ the Solana general mentioned JTO, zcash, and hSOL.
🔸 @blknoiz06 mentioned $WLD, Ansem believes we need infrastructure to prove who is human and who is AI, and Worldcoin could very well become such a database infrastructure.
🔸 @jessepollak mentioned $COIN, a strong and diversified product ecosystem, one of the most capable and visionary on-chain teams in the field. 👀
🔸 @Awawat_Trades expressed considerations regarding the time frame.
- PAXG/XAUT, the reason is obvious.
- BNB/LEO, limited upside, but also limited downside.
- AAVE/MKR: a good choice.
Personally, I still think it’s not worth being overly optimistic, but I did buy some coins that I believe have dropped significantly.
Crypto Wesearch 每日幣研
Base continues to see positive developments, with Trump pressuring the Federal Reserve to raise interest rate expectations - 0620 Coin Research Weekly Report
🔥【Top 1 Cross-Chain Net Inflow】 @base +42 million
🔥 JPMorgan enters @base, introducing JPMD: JPMorgan Chase has trial-launched the deposit token JPMD on the Base network. The Base ecosystem tokens are worth watching, including @AerodromeFi, @virtuals_io, @KaitoAI, @GAME_Virtuals, @clankeronbase, and others.
🔥 GENIUS stablecoin bill passes swiftly: The U.S. Senate overwhelmingly passed the GENIUS bill with a vote of 68-30. The total market cap of stablecoins has surpassed $250 billion, with @Tether_to and @circle together holding an 86% market share.
💡 Featured Content - Stablecoins: Stablecoins and AI Financial Innovation By @Defi0xJeff
【Recommended Reading Link】
Credit to @jd950108 @0xfomor
Check out the latest issue of Coin Research Weekly, scroll down 👇
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59.24K
14
Sasha Fleyshman
The dichotomy of our market is that the majority of the responses that aren’t personal shills are DeFi names
Which makes sense
But when you ask people what they own
It’s not the DeFi names
“You should own AAVE MKR SYRUP JTO JUP RAY” mixed with “but those are bad beta”
Cobie
If u have to buy liquid/non-venture crypto for 3-5 yr time horizon, and ur not allowed to buy BTC, ETH, HYPE, SOL or hold stablecoins, what do u buy and why? Want to find some intelligent ppl with good/non-obvious ideas to follow, thx
13.27K
2
τop τick crypτo 📁 🤖🧠
not the worst pics tbh
Johannes (4, 4)
Most mentioned in the comments:
Clear winners
• AAVE
• XMR
• BNB
• WLD
• MKR
I only went through some of the comments so its inaccurate but these were the ones algo presented to me (they dont have nearly as many mentions)
• TRX
• SUI
• PENDLE
• XRP
• TAO
• JTO
• ENA
• LINK
• GRASS
lots of others I missed..
59.03K
0
pickle reposted
Johannes (4, 4)
Most mentioned in the comments:
Clear winners
• AAVE
• XMR
• BNB
• WLD
• MKR
I only went through some of the comments so its inaccurate but these were the ones algo presented to me (they dont have nearly as many mentions)
• TRX
• SUI
• PENDLE
• XRP
• TAO
• JTO
• ENA
• LINK
• GRASS
lots of others I missed..
Cobie
If u have to buy liquid/non-venture crypto for 3-5 yr time horizon, and ur not allowed to buy BTC, ETH, HYPE, SOL or hold stablecoins, what do u buy and why? Want to find some intelligent ppl with good/non-obvious ideas to follow, thx
59.23K
5
Dave Wang
Spot selling on Fartcoin stabilizing while the majors are dumping
Which makes sense since Hype / Fart led the retracement
Keeping an eye on this one ...
Dave Wang
Anecdotally the long BTC/HYPE short garbage sentiment feels crowded
If we get a dump and people feel safe hiding in shorting garbage, might be a good R/R to look for squeezes there
Especially shitcoins with (1) lots of perps venues (2) historically made people money (3) low emissions
The current price of Maker is $1,797.50. Over the last 24 hours, Maker has increased by +3.88%. It currently has a circulating supply of 901,310 MKR and a maximum supply of 0 MKR, giving it a fully diluted market cap of $1.62B. At present, Maker holds the 30 position in market cap rankings. The Maker/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
In a push towards decentralization, governance tokens have emerged as a cornerstone of many crypto projects, allowing token holders to stake and vote on protocol modifications. MKR is the governance token for MakerDAO, which plays a pivotal role in ensuring the efficiency, transparency, and stability of DAI, a decentralized, collateral-backed stablecoin.
What is MakerDAO
MakerDAO is a decentralized autonomous organization (DAO) that administers the DAI stablecoin through the Maker Protocol. This protocol enables the minting and management of DAI stablecoins while maintaining their peg to the US dollar using over-collateralization and other mechanisms. The primary responsibility of MKR holders is to vote on changes to the Maker Protocol, which directly impacts DAI. MKR's governance role ensures that the protocol adjusts and evolves in response to the market's demands and potential risks.
The Maker team
Maker was created in 2015 by Rune Christensen, a Denmark-based entrepreneur. He graduated from the Copenhagen University with a degree in biochemistry. He also studied international business at the local Copenhagen Business School. Before founding MakerDAO, he co-founded Try China, an international recruiting company.
How does MakerDAO work
MKR holders are at the heart of the MakerDAO system, actively participating in Executive Voting. Successful votes translate into changes within the protocol. For instance, these token holders set the DAI savings rate, directly impacting the incentives for those who stake DAI. Contributors are rewarded for their active involvement.
MKR tokenomics
MKR tokens, capped at 977,631 in supply, are central to the MakerDAO ecosystem. They empower holders with governance rights, allowing them to shape the system's direction. Beyond governance, MKR is crucial in maintaining DAI's stability, ensuring its value remains pegged and resilient to market fluctuations. Notably, in situations of undercollateralization, MKR is auctioned to cover the deficit.
Furthermore, MKR tokens are used to settle stability fees, which are essentially interest charges on DAI loans. These MKR tokens are subsequently burnt, gradually reducing their overall supply and adding an element of scarcity.
MKR distribution
The distribution breakdown for MKR is as follows:
69.5 percent: Founders and the project
15 percent: Team
4 percent: Seed round 1
6 percent: Seed round 2
5.5 percent: Seed round 3
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 10K new posts about Maker, driven by 6.4K contributors, and total online engagement reached 117M social interactions. The sentiment score for Maker currently stands at 83%. Compared to all cryptocurrencies, post volume for Maker currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Maker.
Powered by LunarCrush
Posts
9,982
Contributors
6,415
Interactions
117,426,595
Sentiment
83%
Volume rank
--
X
Posts
1,689
Interactions
2,495,879
Sentiment
64%
Maker FAQ
How is MKR different from DAI?
While both tokens are part of the MakerDAO ecosystem, MKR is a governance token, and its primary role is to oversee the protocol's operation and stability. In contrast, DAI is a stablecoin pegged to the US dollar, designed to maintain its value despite market volatility.
How is DAI's stability maintained?
DAI's stability is ensured through over-collateralization, liquidation processes, MKR governance, stability fees, and the DAI Savings Rate (DSR). Combined, these mechanisms help keep DAI's value close to $1.
What is the MKR price prediction?
While it’s challenging to predict the exact future price of MKR, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is 1 Maker worth today?
Currently, one Maker is worth $1,797.50. For answers and insight into Maker's price action, you're in the right place. Explore the latest Maker charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Maker, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Maker have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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