MakerDAO (MKR) ETH Protocol Dapp DeFi

MakerDAO (MKR) ETH Protocol
Dapp DeFi

MakerDAO is ETH-based DeFi that was created back in 2014. It’s managed by people all over the world that own MKR tokens. MKR holders are the ones that manage the Maker Protocol and Dai financial risks to ensure such values as transparency, stability and efficiency.

MakerDAO Social Profiles:

MakerDAO Social Profiles:

Looking at the MakerDAO token in the period of 30 days, it’s evident that the MKR price, standing at $658.92, has decreased compared to the previous period. The Market Cap is $644.1M with a -28.89% change, which, in comparison, signals loss of the token’s general market value.

The Current TVL metric in the 7-day period shows that MKR token has $6.7B stacked & locked in its smart contracts, with a 3.08% spike. Finally, MakerDAO token’s CAP/TVL Ratio is showing decrease with a -3.51% fluctuation, and it signals whether the token is going to be a rewarding long term asset or not.

All these metrics give you informative signals on how valuable the MakerDAO & the MKR token actually is, and how it performs in the current market.

MakerDAO (MKR) dApp Analysis

Get the most important MakerDAO dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp’s activity in different time periods & make fast, accurate decisions!

MakerDAO DAPP Technical Analysis

MakerDAO dApp is a crypto asset from the DeFi category built on the Ethereum protocol. Now it’s ranked as #9 in general dApp rankings according to the user count, and #5 in the DeFi category, which gives you a good idea of how MakerDAO dApp performs among its competitors.

By analyzing MakerDAO dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $6.1B, and the Volume is bullish with $2.5B. MakerDAO has generated 737.4K Transactions with a 5.83% rise in the 30-day period. Clearly, the Volume has been plummeting by -19.37% in comparison to the previous 7-day period. The data of the last 7 days show that the MakerDAO user base is 384.2K & has been increasing by 7.7%.

We also recommend taking a look at the MakerDAO Activity Overview & Balance of Smart Contracts graphs to see how these important metrics fluctuate & change over time.