Jul 17, 2024 - Economy
Charted: MakerDAO's token on-pace with ether
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Speaking of MakerDAO, its governance token looks like a standout in the world of decentralized finance (DeFi).
- The token's price has been popping off lately amid the DAO's broader plans to remake its image.
- 👆What's more impressive is its long-term performance, per Kaiko.
The big picture: Maker is the only OG asset to have kept up pace with Ethereum's ether (ETH) since the start of 2021, while outperforming Uniswap's and Aave's respective UNI and AAVE tokens too, according to Messari.
- MakerDAO was actually built concurrently with Ethereum itself.
Behind the scenes: MakerDAO's Endgame is a "new catalyst," the research firm's Sunny Shi said in a report published Monday.
- "It seems DAO voters want the protocol to be more aggressive with its treasury, actively looking to expand Maker's rate of return."
💭 Our thought bubble: 👆Them and everyone else in the world, really.
