Makers of popular DeFi platform MakerDAO are migrating their platform from Ethereum to Solana. This move is expected to improve both scalability and speed, allowing the system to better serve its users.
MKR, the native token of decentralized finance platform MakerDAO, has seen a surge of 10%, defying the recent crypto market slump. Analysts are attributing the token jump to increased demand for stablecoins.
MKR the token used to govern MakerDAO has risen 28 in the last week as the token buyback scheme went live The scheme aims to drive higher MKR demand which could result in a sustained rise in MKR’s market cap