Defi investing volumes surged 18% in 7 days, driven by ETH-based lending protocols hitting record fee revenue of $23M daily. Technical charts indicate RSI levels nearing 70, suggesting overbought conditions but supported by strong on-chain user growth. Short-term trend models forecast continued upside pressure. Dai was created by an autonomous, decentralized organization called Sky (formerly known as MakerDAO). It's backed by crypto assets locked up in smart contracts called "Maker Vaults." To mint a new Dai token, a user must deposit an approved crypto asset (like Ether or Wrapped Bitcoin ) worth more than the value of the minted Dai. That premium, called a "stability fee," acts as a buffer against the volatility of its underlying collateral. DeFi — short for decentralized finance — is a new vision of banking and financial services that is based on peer-to-peer payments through blockchain technology. Via blockchain, DeFi allows “trust-less” banking, sidestepping traditional financial middlemen such as banks or brokers. Derivatives markets linked to defi investing are showing increased open interest, particularly in perpetual futures tied to major DEX indexes. This points to growing speculative capital participation similar to small-cap stock rallies.