Wednesday, July 9, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    What are Floki’s Flokitars?

    What are Floki’s Flokitars?

    Top NFTs Trending Today, Courtyard Leading the Pack

    Top NFTs Trending Today, Courtyard Leading the Pack

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    Chimpers Expands Into NFT-Linked Blind Box Collectibles

    Chimpers Expands Into NFT-Linked Blind Box Collectibles

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

    South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

  • Gaming
    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    Off The Grid studio unveils Solana cofounder-inspired skin

    Off The Grid studio unveils Solana cofounder-inspired skin

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    Lamborghini to Launch Digital Temerario GT3 in Wilder World Metaverse

    Lamborghini to Launch Digital Temerario GT3 in Wilder World Metaverse

    What the Proposed Canary PENGU ETF Really Means for Retail Investors

    What the Proposed Canary PENGU ETF Really Means for Retail Investors

    Planetside Dev’s ‘Reaper Actual’, What’s Next for ‘MapleStory Universe’

    Planetside Dev’s ‘Reaper Actual’, What’s Next for ‘MapleStory Universe’

    Why loyalty is becoming web3 gaming’s next essential layer

    Why loyalty is becoming web3 gaming’s next essential layer

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    A Full Comparison of Layer 2 Solutions

    A Full Comparison of Layer 2 Solutions

    What are Optimistic Rollups? How They Work and Why They Matter

    What are Optimistic Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    What are Floki’s Flokitars?

    What are Floki’s Flokitars?

    Top NFTs Trending Today, Courtyard Leading the Pack

    Top NFTs Trending Today, Courtyard Leading the Pack

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    Chimpers Expands Into NFT-Linked Blind Box Collectibles

    Chimpers Expands Into NFT-Linked Blind Box Collectibles

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

    South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

  • Gaming
    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    Off The Grid studio unveils Solana cofounder-inspired skin

    Off The Grid studio unveils Solana cofounder-inspired skin

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    Lamborghini to Launch Digital Temerario GT3 in Wilder World Metaverse

    Lamborghini to Launch Digital Temerario GT3 in Wilder World Metaverse

    What the Proposed Canary PENGU ETF Really Means for Retail Investors

    What the Proposed Canary PENGU ETF Really Means for Retail Investors

    Planetside Dev’s ‘Reaper Actual’, What’s Next for ‘MapleStory Universe’

    Planetside Dev’s ‘Reaper Actual’, What’s Next for ‘MapleStory Universe’

    Why loyalty is becoming web3 gaming’s next essential layer

    Why loyalty is becoming web3 gaming’s next essential layer

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    A Full Comparison of Layer 2 Solutions

    A Full Comparison of Layer 2 Solutions

    What are Optimistic Rollups? How They Work and Why They Matter

    What are Optimistic Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Ethereum

‘End of an era?’ Mixed views as Maker rebrands to Sky

August 28, 2024
in Ethereum
13
‘End of an era?’ Mixed views as Maker rebrands to Sky
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Maker has rebranded to Sky with a dual stablecoin offering and new SKY governance tokens. 
  • MKR has tanked double-digits after the rebrand; what’s next? 

Maker [MKR], founded in 2014 and one of the pioneers of lending in the DeFi space running on the Ethereum [ETH] chain, has rebranded to ‘Sky’ to boost usage.

Its native MKR token has been the governance token, while its decentralized stablecoin Dai [DAI] enhances Maker’s ecosystem as a medium of exchange. 

The two tokens have been widely used for about a decade. However, the rebrand comes with key upgrades, including a new stablecoin (USDS) and governance token (SKY). 

‘Existing DAI and MKR tokens will remain unchanged and holders will be able to exchange DAI tokens 1:1 for USDS, and one MKR token can be swapped for 28,000 SKY tokens. SKY and USDS will be available to trade on September 18th. What an interesting move on their part.’ 

Am ‘end of an era’ for Maker?

Reacting to the rebranding, Uniswap [UNI] founder Hayden Adams termed the move as an ‘end of an era.’ He said, 

‘End of an era. MKR and DAI were two of the very first tokens to get traction on Uniswap v1’

However, other market commentators saw the move as the ‘end of an era’ and death for Maker’s dominance. One commentator, Millie, said the move was Maker’s ‘descension to irrelevance.’

‘By the time any of it plays out DAI will have lost its entire moat and will be entirely replaced by much more reliable alternatives (even things like USDC are better in this case). The end of an era of dominance.’

For context, most contention has been linked to the new stablecoin USDS, designed with a freeze function like centralized stablecoins USDC and USDT. In short, USDS users can be censored. 

See also  300K Ethereum withdrawn in a week: What it means for ETH prices

Another user claimed the rebranding was death for DAI. 

‘DAI is now migrating to USDS, a censorable stablecoin that goes against its original vision. RIP DAI, 2017-2024.’

However, Rune Christensen, Maker co-founder, clarified that upgrading from DAI to USDS will be optional and that only the latter has a freeze function. 

‘This is misleading, as Dai will continue to function just as before, and can still be used. Upgrading to USDS is optional, and it is only USDS that will have a freeze function. Dai is an immutable smart contract and cannot be altered.’

For context, Maker proposed this dual stablecoin approach in May to ensure mass adoption and regulatory compliance. However, the end goal was eventually to retire DAI after the mass adoption of USDS and ‘PureDai’. Part of the May update read,

‘Eventually, after multiple years, it is expected that Dai will be fully deprecated as all users and integrations migrate to either NewStable (USDS) or PureDai. The timeline for when this happens will depend on how quickly the ecosystem adopts NewStable (USDS) and PureDai’

MKR drops double-digits

Maker

Source: MKR/USDT, TradingView

After the rebrand on Wednesday, MKR tanked 12%, from $2.1k to $1.9k at the time of writing. The drop could also have been triggered by Bitcoin [BTC] losses.

However, it remains to be seen how MKR’s price will react to the rebrand in the short term. 

Previous: Bitcoin drops below $60K again! Should you buy the dip today?
Next: Ethereum plunges below $2,500: Is the price bottom yet to come?

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

  • Maker has rebranded to Sky with a dual stablecoin offering and new SKY governance tokens. 
  • MKR has tanked double-digits after the rebrand; what’s next? 

Maker [MKR], founded in 2014 and one of the pioneers of lending in the DeFi space running on the Ethereum [ETH] chain, has rebranded to ‘Sky’ to boost usage.

See also  AllianceBlock rebrands as Nexera Foundation, unveils Nexera Finance to lead charge in tokenization

Its native MKR token has been the governance token, while its decentralized stablecoin Dai [DAI] enhances Maker’s ecosystem as a medium of exchange. 

The two tokens have been widely used for about a decade. However, the rebrand comes with key upgrades, including a new stablecoin (USDS) and governance token (SKY). 

‘Existing DAI and MKR tokens will remain unchanged and holders will be able to exchange DAI tokens 1:1 for USDS, and one MKR token can be swapped for 28,000 SKY tokens. SKY and USDS will be available to trade on September 18th. What an interesting move on their part.’ 

Am ‘end of an era’ for Maker?

Reacting to the rebranding, Uniswap [UNI] founder Hayden Adams termed the move as an ‘end of an era.’ He said, 

‘End of an era. MKR and DAI were two of the very first tokens to get traction on Uniswap v1’

However, other market commentators saw the move as the ‘end of an era’ and death for Maker’s dominance. One commentator, Millie, said the move was Maker’s ‘descension to irrelevance.’

‘By the time any of it plays out DAI will have lost its entire moat and will be entirely replaced by much more reliable alternatives (even things like USDC are better in this case). The end of an era of dominance.’

For context, most contention has been linked to the new stablecoin USDS, designed with a freeze function like centralized stablecoins USDC and USDT. In short, USDS users can be censored. 

Another user claimed the rebranding was death for DAI. 

‘DAI is now migrating to USDS, a censorable stablecoin that goes against its original vision. RIP DAI, 2017-2024.’

However, Rune Christensen, Maker co-founder, clarified that upgrading from DAI to USDS will be optional and that only the latter has a freeze function. 

‘This is misleading, as Dai will continue to function just as before, and can still be used. Upgrading to USDS is optional, and it is only USDS that will have a freeze function. Dai is an immutable smart contract and cannot be altered.’

For context, Maker proposed this dual stablecoin approach in May to ensure mass adoption and regulatory compliance. However, the end goal was eventually to retire DAI after the mass adoption of USDS and ‘PureDai’. Part of the May update read,

‘Eventually, after multiple years, it is expected that Dai will be fully deprecated as all users and integrations migrate to either NewStable (USDS) or PureDai. The timeline for when this happens will depend on how quickly the ecosystem adopts NewStable (USDS) and PureDai’

MKR drops double-digits

Maker

Source: MKR/USDT, TradingView

After the rebrand on Wednesday, MKR tanked 12%, from $2.1k to $1.9k at the time of writing. The drop could also have been triggered by Bitcoin [BTC] losses.

See also  Ethereum transactions surge to $60B in a week, highest since July

However, it remains to be seen how MKR’s price will react to the rebrand in the short term. 

Previous: Bitcoin drops below $60K again! Should you buy the dip today?
Next: Ethereum plunges below $2,500: Is the price bottom yet to come?
Tags: EraMakermixedrebrandsSKYviews

Related Posts

Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

May 17, 2025
Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K
Ethereum

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

May 17, 2025
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Multi-Year Consolidation Could Spark A Parabolic Move – Details

May 16, 2025
Ethereum rallies, Bitcoin stalls: Is capital rotation reshaping the crypto landscape?
Ethereum

Ethereum rallies, Bitcoin stalls: Is capital rotation reshaping the crypto landscape?

May 16, 2025
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Breaks Above Key Realized Price Zones—What It Means for ETH

May 16, 2025
Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?
Ethereum

Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?

May 16, 2025
Next Post
Bitcoin drops below $60K again! Should you buy the dip today?

Bitcoin drops below $60K again! Should you buy the dip today?

Comments 13

  1. cmfnd says:
    1 month ago

    can i buy cheap clomid price clomiphene sale cost generic clomid pills cost generic clomid without rx where can i buy generic clomiphene tablets cost generic clomid without insurance cost generic clomiphene pills

    Reply
  2. order cialis us says:
    1 month ago

    More posts like this would make the online space more useful.

    Reply
  3. flagyl over the counter cvs says:
    4 weeks ago

    More text pieces like this would create the web better.

    Reply
  4. mv9fv says:
    4 weeks ago

    order zithromax – buy azithromycin buy metronidazole cheap

    Reply
  5. wih2f says:
    4 weeks ago

    order rybelsus 14 mg generic – order rybelsus 14 mg without prescription periactin 4mg uk

    Reply
  6. s68b1 says:
    3 weeks ago

    motilium order online – order cyclobenzaprine for sale order flexeril 15mg generic

    Reply
  7. 8htz2 says:
    3 weeks ago

    inderal 20mg cheap – buy clopidogrel 75mg online methotrexate 5mg brand

    Reply
  8. 66rc4 says:
    2 weeks ago

    augmentin oral – https://atbioinfo.com/ ampicillin order

    Reply
  9. xwsie says:
    2 weeks ago

    buy coumadin pills for sale – anticoagulant cozaar 25mg brand

    Reply
  10. bge7h says:
    1 week ago

    oral mobic 7.5mg – swelling how to buy mobic

    Reply
  11. exkgs says:
    1 week ago

    prednisone 20mg price – inflammatory bowel diseases brand deltasone 5mg

    Reply
  12. 3v9xw says:
    6 days ago

    male ed pills – blue pill for ed best non prescription ed pills

    Reply
  13. pod8i says:
    5 days ago

    order amoxicillin sale – cheap amoxil online purchase amoxil without prescription

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Bitcoin: Why a BTC jump to $70K shouldn’t be a surprise

Bitcoin: Why a BTC jump to $70K shouldn’t be a surprise

August 26, 2024
What the Rise and Fall of NFT Games Can Teach Us

What the Rise and Fall of NFT Games Can Teach Us

June 30, 2025
Crypto Bridge LayerZero Connects to Solana Blockchain

Crypto Bridge LayerZero Connects to Solana Blockchain

May 31, 2024
Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

July 8, 2025

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Tether CEO Says “We Will Be the Largest Bitcoin Miner by the End of 2025”
  • OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition
  • Core Scientific Crashes After CoreWeave Acquisition News – What Spooked Investors?

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.