<ul data-eligibleForWebStory="false"><li>Moonwell DeFi protocol on Base is experiencing significant growth, with WELL crypto prices surging 12% on July 5.</li><li>Staking activity for Moonwell has spiked by 120% following the implementation of the MIP-X21 proposal.</li><li>Moonwell's capital efficiency is highlighted, capturing 99% of liquidation value and outperforming Aave.</li><li>The article questions whether WELL crypto will continue its upward trajectory, potentially reaching $0.045.</li></ul>

Moonwell DeFi Explodes: Staking Up by Over 120%, Will WELL Crypto Token Follow?

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