Maker

Today's state: Maker is trading at $1,813.70 with a $1.6 billion market capitalization (rank #210). The price moved +0.76% over the past 24 hours and is +18.05% over 7 days; the 30-day move stands at -11.98% and the 90-day at -10.35%.

Position vs cycle: A drawdown of more than 70% from the last cycle high puts the asset firmly in deep-bear territory, where recoveries have historically required a fresh demand catalyst rather than mere mean-reversion.

Volatility and structure: 30-day realized volatility of 123.9% annualized is extreme for an asset this size. Our composite multi-horizon Price Strength reads Neutral (59/100), with the timeframes pulling in different directions and no clean directional read.

Beyond Bitcoin, MKR's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:

• Bitcoin reference: -0.13 — a minimal negative relationship.
• Ethereum reference: -0.13 — a minimal negative relationship.
• Solana reference: -0.14 — a minimal negative relationship.

High correlation across several references usually means the asset is mostly crypto-market beta: when BTC, ETH and SOL move, it moves too, and independent alpha is hard to find. Low or negative readings point to its own drivers — project-specific news, intra-crypto sector rotation or narrative shifts — that can decouple it from the broad market.

Maker (MKR) is a decentralised-finance token, governing or fee-collecting on a DeFi protocol. It trades at $1,813.70 as of the latest update, with a 24-hour move up 0.76%, placing it at rank #33 by market capitalisation among all listed digital assets. Maker's current market cap stands at $1.62B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Maker across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Maker gives holders governance over one of the established DeFi protocols. Token value depends on protocol revenue, TVL, user growth, and the credibility of the governance process. Treat the token as equity in the protocol.

Maker (MKR) is a mid-cap asset in the broad top 250, ranked #210 among all tracked tokens by capitalisation. About 89% of the maximum MKR supply is in circulation today (892.2K of 1.00M), leaving a moderate emission stream still to come. It currently trades about 71% below its all-time high of $6,302.63 set in May 2021, while sitting roughly 2.0× above its record low.

Maker is a DeFi governance token: ownership of the token confers voting rights over the underlying protocol's parameters (fees, listed assets, treasury allocation) and, in some cases, a share of protocol revenue. The value of the token tracks the protocol's utility and revenue — not the price of any underlying asset.

Maker (MKR) is a mid-cap asset in the broad top 250, ranked #210 among all tracked tokens by capitalisation. About 89% of the maximum MKR supply is in circulation today (892.2K of 1.00M), leaving a moderate emission stream still to come. It currently trades about 71% below its all-time high of $6,302.63 set in May 2021, while sitting roughly 2.0× above its record low.

The token is mainly used to vote on protocol decisions, to earn fee-shares or rebates where revenue is distributed to stakers, as collateral on lending venues (for the larger names), and simply as a way to hold exposure to the protocol's growth.

Daily turnover is light — roughly 0.50% of market cap ($8.04M over 24 hours) — so larger orders are best worked into the market gradually to limit slippage.

The supply story for Maker comes down to three things: how tokens are issued over time, how many are circulating now, and how far the fully-diluted valuation sits above the circulating market cap. At 89.2% of maximum supply already issued, the remaining issuance is a relatively small fraction of total potential supply. Sell pressure from future issuance is therefore limited. The fully diluted valuation (FDV) of $1.8 billion stands at 1.1× the current circulating market cap of $1.6 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

The macro picture for digital assets turns on three levers — Federal Reserve policy, the path of dollar liquidity, and broad risk sentiment. Historically the whole asset class has tracked the global liquidity cycle closely, expanding in easing regimes and contracting when financial conditions tighten.

For cross-asset context, monitor the dollar (a headwind when it strengthens), long-term Treasury yields (the discount rate on risk), gold (a sometime companion in monetary-debasement narratives), and the S&P 500 (often correlated with crypto on liquidity-driven swings even though crypto is popularly billed as uncorrelated).

For Maker specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, MKR tends to follow; when they contract, the relationship typically reverses. With a comparatively loose 90-day BTC correlation of -0.13, MKR has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

The risks are protocol-specific: a smart-contract exploit can drain the treasury and dilute holders, a governance attack can capture voting power, revenue rises and falls with the DeFi cycle, rival protocols compete for the same liquidity, and the regulatory status of governance tokens is still unsettled.