xDai Stake, a coin I did a write up on here, has been hovering between $4 and $5 for a few days now. Originally available to be pre-staked on Bitmax before it's mainnet launch, the mainnet launched a few days ago.
Today, xDai opened at it's predictable price somewhere in the $4-$5 range. Within just a few hours, it had shot up over $12, and now stands near $10 after a solid day of trading, shooting up it's marketcap.
This comes after Vitalik, creator of Ethereum, tweeted about it:
In addition, a post was made on Amazon about the usefulness of using xDai to simplify gas costs and token management. https://aws.amazon.com/blogs/awsmarketplace/build-and-monitor-custom-ethereum-tokens-with-blockscout-from-aws-marketplace/
All this comes in combination with the mainnet launch in mid-August, shooting up the coins demand and publicity.
Is xDai the future of DeFi on Ethereum? Let me know what you think!