RATE Group | Ethereum will absorb all value in crypto, says MakerDAO creator
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Ethereum will absorb all value in crypto, says MakerDAO creator

23 May Ethereum will absorb all value in crypto, says MakerDAO creator

Posted at 21:17h in Cryptocurrency News by

  • Rune Christensen, recently said that DeFi could end up attracting all value in crypto to Ethereum.
  • He based this assumption on a single transaction that saw millions in wBTC locked.
  • Many were quick to find flaws with the prediction, citing growing gas prices.

This past week has seen a very interesting development regarding MakerDAO. Millions of dollars worth of Wrapped Bitcoin (wBTC) got deposited into MakerDAO’s decentralized stablecoin protocol in a single transaction. As a result, around $4 million worth of DAI stablecoin was generated.

DeFi to attract all value in crypto to Ethereum

MakerDAO founder, Rune Christensen, commented on the new development…

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