Maker (MKR) Surges 7% as Stability Fees Introduced, DeFi Regains Footing

[Cinno3]

While decentralized finance (DeFi) has seen a strong surge in 2020, Maker (MKR), a token strongly tied to DeFi, has underperformed. The cryptocurrency, relative to its competitors, is underperforming; where Aave’s LEND and Synthetix’s Synthetix Network Token surged hundreds of percent in this year alone, MKR only saw a 20-30% move higher.

The market may be changing its mind on MKR, though.

The coin is up 7% in the past 24 hours and seems poised to see further growth as the fundamentals of the underlying MakerDAO protocol align in favor of growth.
More: https://www.newsbtc.com/news/ethereum/maker-mkr-surges-7-as-stability-fees-introduced-defi-regains-footing/