The price of MKR continued to decline despite a spike in velocity.emerged as a notable exception, showcasing remarkable progress on multiple fronts.One standout factor contributing to MakerDAO’s success was the substantial increase in fees generated by the protocol. Token Terminal’s data revealed a remarkable 148.2% surge in fees over the last week.
To harness this increased usage, MakerDAO has proactively pursued updates to enhance its protocol. An indicator of this commitment is the 4.3% growth in the number of core developers within the network over the past week.Source: token terminalIt has recently announced ato adjust Spark Protocol D3M Parameters, backed by 93,036 MKR tokens.
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