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Latest news shows that the price of MKR has seen a significant increase, briefly breaking the $1800 mark. Currently, the trading price of MKR is $1739.5, with a 24-hour increase of 8.64%.
This wave of growth may be related to the latest developments of Sky (formerly MakerDAO). Sky founder Rune Christensen recently revealed some exciting news on social media. He stated that after implementing large-scale streamlining and cost-cutting measures in Sky Core, the profit situation has significantly improved.
According to Christensen, Sky has now updated its profit page. The new data is based on annualized calculations of expenses over the past three months and displays the stable fee income and savings rate expenditure in real-time. Most notably, Sky's current annualized profit has reached as high as 338 million dollars.
This figure undoubtedly brings positive signals to the market and may be one of the important factors driving the rise in MKR's price. Sky's successful transformation and optimization seem to be gaining recognition from investors, which is reflected in MKR's market performance.
With the continuous development of the decentralized finance (DeFi) sector, Sky's performance as one of the pioneers in the industry is worth ongoing attention. The significant growth in its profits not only highlights the strength of the project itself but also injects new vitality into the entire DeFi ecosystem.
However, the cryptocurrency market has always been highly volatile. While investors pay attention to these positive signals, they should also remain cautious and manage risks effectively. The future trend of MKR needs further observation of market dynamics and project developments.