Underwhelming week for Maker, but here’s why it’s not all bad news
As the second biggest DeFi protocol in the crypto-market Maker has a lot of eyes on it. The protocol’s growth over the past few months has been stellar. Alas, it was this week, in particular, that disappointed investors the most.
The most important question that remains is this – Can Maker actually recover from this?
Well, out of the top-performing DeFi tokens, it was Maker that registered the most losses this week. In just a week, the DeFi protocol lost $2.1 billion in total value locked (TVL) on-chain.
But, this loss in TVL was instigated by no one other than the investors themselves as their rising figures suddenly went down. Active addresses, after spiking sharply to 500, quickly fell by more than 40% in just a week.
Maker active addresses
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