Makerdao has strong interest in Wsteth and MKR Prize continues to increase

Makerdao has strong interest in Wsteth and MKR Prize continues to increase
Makerdao lists a growing interest in Wsteth in his safes. At the same time, the MKR price has increased at high speed.
The Liquid Staking Derivatives (LSD) sector has achieved impressive dominance, and many protocols like Makerdao have difficulty competing with companies like Lido. However, there is signs that Makerdao will benefit from the growth of the LSD in the future.
According to the latest data, the LSDs have reached new records in the Makerdao protocol. The WSTETH-B-ARSOR now contains impressive 309 million DAI (USD), while the WSTETH-A-TREOR has accumulated 221 million DAI. The Reth-A-Resor also recorded a considerable amount of 21 million DAI. These numbers show the increasing popularity and acceptance of liquid staking derivatives within the Maker Protocol.
This trend has a positive effect on Makerdao, since it shows the ability of the protocol to use users who seek access to staking premiums, offer services and at the same time use their assets used as a security for the generation of DAI. In addition, this shows that the competition in the defi sector is not a zero-sum game and a protocol can benefit from another.
The importance of LSD-based assets has reached a remarkable stage in which WSTETH ETH has overtaken the primary crypto security for the generation of the highest DAI debts in the Makerdao protocol. At the time of printing, the cumulative DAI debts from Wsteth amounted to 530 million, while the debts generated by ETH were 497 million. This displacement of the dominance underlines the growing popularity and acceptance of Wsteth as a preferred choice for conservation and DAI generation within the Makerdao-E-Ecosystem.
The type of venue WSTET-B has promoted this trend and achieved a new all-time high.
with 309 million DAI in total debt.As far as the MKR-TOKEN is concerned, it was found that its price has increased significantly in the past week. At the time of printing, MKR was traded at $ 924.74. The speed of the token has also increased during this period, which indicates a strong activity around the token. At the same time, MKR's MVRV ratio has increased, which indicates that the incentive for MKR owners to sell their stocks at the time of printing could be very high.
Overall, the growing popularity of LSDS and the development of Makerdao in the Defi sector shows that the protocol is able to strengthen its position despite the competition and benefit from new trends. It will be interesting to observe how Makerdao and LSDs will develop in the future.