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MakerDAO’s Governance Token Sees a 37% Decrease in 24H Trading Volume

MakerDAO, the governance token behind the fourth largest stablecoin by market capitalization DAI, has decreased in trading volume by 37% and seen a 3.7% dip in token price over the last 24 hours.

Following the Tornado Cash sanctions last year, Rune Christensen, the co-founder of MakerDAO, warned of a similar fate for the decentralized stablecoin platform.

In Christensen’s view, government authorities were bound to target MakerDAO sooner or later. A move that prompted the introduction of the Endgame plan to enhance censorship resistance.

Maker’s Endgame proposal aims to strengthen its decentralized finance (DeFi) platform operating on the Ethereum blockchain allowing users can create and trade stablecoins backed by collateral in cryptocurrencies with the governance of the platform and its stability maintained by the native token (MKR).

MakerDAO stablecoin Dai DeFi
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