Even though MKR has now fallen to $680, it traded as high as $720 on some exchange platforms just a few hours ago. This formed a new 2020 high for the market’s 24th largest cryptocurrency.
In addition to MKR’s successes, the asset is number 1 according to DeFi Market Cap, a platform that ranks decentralized finance (DeFi) tokens. MKR is closely followed by 0x and the Kyber Network Crystal respectively.
In March, MakerDAO announced a partnership with Simplex payment processor, for a Dai to Fiat on and off-ramp feature. The development ensured that anyone willing to purchase Dai could do so with a wide range of credit and debit cards, as long as they have Simplex support
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