MakerDAO, a crypto collateral platform, has revealed that its blockchain network and stablecoin have directly benefited from Ethereum’s extended price crash, which has been ongoing for the past several months and shows little sign of letting up.
Like most stablecoins, MakerDAO’s DAI offers crypto holders a reliably-priced investment in the face of this sort of market volatility. Accordingly, MakerDAO was able to make the most of the Ethereum crash…but can MakerDAO replicate that success in the future?
Read more :
https://paperblockchain.com/ethereum-crash-drives-growth-of-makerdao-and-dai/
