Coin-related
Price calculator
Price history
Price prediction
Technical analysis
Coin buying guide
Crypto category
Profit calculator
Maker priceMKR
Listed
BuyQuote currency:
USD
How do you feel about Maker today?
Good
BadNote: This information is for reference only.
Price of Maker today
The live price of Maker is $1,731.41 per (MKR / USD) today with a current market cap of $1.54B USD. The 24-hour trading volume is $122.39M USD. MKR to USD price is updated in real time. Maker is -7.16% in the last 24 hours. It has a circulating supply of 890,954.25 .
What is the highest price of MKR?
MKR has an all-time high (ATH) of $6,339.02, recorded on 2021-05-03.
What is the lowest price of MKR?
MKR has an all-time low (ATL) of $21.06, recorded on 2017-01-30.
Maker price prediction
When is a good time to buy MKR? Should I buy or sell MKR now?
When deciding whether to buy or sell MKR, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget MKR technical analysis can provide you with a reference for trading.
According to the MKR 4h technical analysis, the trading signal is Strong sell.
According to the MKR 1d technical analysis, the trading signal is Sell.
According to the MKR 1w technical analysis, the trading signal is Neutral.
What will the price of MKR be in 2025?
Based on MKR's historical price performance prediction model, the price of MKR is projected to reach $1,861.66 in 2025.
What will the price of MKR be in 2030?
In 2030, the MKR price is expected to change by -9.00%. By the end of 2030, the MKR price is projected to reach $3,124.51, with a cumulative ROI of +79.58%.
Maker price history (USD)
The price of Maker is +33.44% over the last year. The highest price of MKR in USD in the last year was $4,064.84 and the lowest price of MKR in USD in the last year was $197.77.
TimePrice change (%)
Lowest priceHighest price
Lowest priceHighest price 24h-7.16%$1,725.34$1,893.27
7d-2.81%$1,725.34$2,146.89
30d+14.62%$1,465.7$2,413.21
90d+12.13%$1,017.15$2,413.21
1y+33.44%$197.77$4,064.84
All-time+7734.90%$21.06(2017-01-30, 7 years ago )$6,339.02(2021-05-03, 3 years ago )
Maker market information
Market cap
$1,542,608,078.13
-7.16%
Fully diluted market cap
$1,741,067,212.51
-7.16%
Volume (24h)
$122,387,580.24
+3.11%
Market rankings
Circulation rate
96.00%
24h volume / market cap
7.93%
Circulating supply
890,954.25 MKR
Total supply / Max supply
919,728.11 MKR
1,005,577 MKR
ICO price
$250 ICO details
Maker ratings
Average ratings from the community
4.4
This content is for informational purposes only.
About Maker (MKR)
What Is Maker?
Maker (MakerDAO) is one the biggest and longest-standing DeFi protocols that run on the Ethereum blockchain. Maker was introduced in 2014 by Rune Christensen, and had a highly successful fundraising campaign in 2017 that attracted $12 million from the likes of Andreessen Horowitz. The platform introduced a way to create a decentralized stablecoin, called DAI, that is pegged to the US Dollar, but without the need for any centralized authority or backing by actual US Dollars.
Instead of using tangible collateral like USD in a bank, Maker uses collateralized assets in the form of other cryptocurrencies. The primary objective of the Maker protocol is to ensure that the value of DAI remains as close to $1 as possible, offering a decentralized alternative to traditional stablecoins.
Resources
Official Whitepaper:https://makerdao.com/en/whitepaper/#overview-of-the-dai-stablecoin-system
Official Website: https://makerdao.com/
How Does Maker Work?
Collateralized Debt Positions (CDPs)
To create DAI, a user must first lock up some amount of a cryptocurrency as collateral in what's known as a Collateralized Debt Position (CDP). The user can then generate a certain amount of DAI, which is determined by the value of the collateral and the collateralization ratio set by the Maker protocol.
Stability Mechanism
The key to ensuring that DAI maintains its peg to the US dollar lies in the system's incentives and penalties. If the price of DAI drifts above $1, users are incentivized to create more DAI by opening a CDP because they can potentially profit from the price difference. Conversely, if DAI's price is below $1, CDP holders have an incentive to purchase DAI and pay off their debt, reducing the supply and pushing the price back up.
Liquidation
In the event the collateral's value drops too much (below a set threshold), the CDP will be liquidated. This means the collateral will be automatically sold off to ensure that the value of DAI remains stable. This mechanism protects DAI holders from potential volatility in the underlying collateral.
Governance and Risk Management
The Maker protocol is not static; it can be updated and modified. Decisions about changes, such as which assets can be used as collateral or the set risk parameters for these assets, are made by the MKR token holders.
What Is MKR Token?
MKR is the governance token of the Maker system. Unlike DAI, which aims to maintain a stable value, MKR is a volatile asset that serves several purposes:
- Governance: MKR token holders have the right to vote on proposed changes to the Maker system. This includes decisions about which types of collateral to accept, risk parameters, system upgrades, and other vital protocol parameters.
- Stability Fee Payment: When users close out their CDPs, they need to pay a stability fee. This fee is paid in MKR. Once paid, the MKR is burned, reducing the total supply.
- System Backstop: In extreme cases where the system's collateral doesn't cover the value of DAI in circulation, MKR is created and sold on the open market to raise the necessary funds to cover the shortfall. This mechanism acts as a last-resort insurance for the system, but it also means that MKR holders bear the financial responsibility if things go wrong.
Maker's Impact on Finance
Maker has profoundly reshaped the financial landscape by introducing the world to the concept of decentralized stablecoins, specifically DAI. Unlike traditional finance, which relies on central institutions to issue and regulate currencies, Maker's DAI is overcollateralized by other cryptocurrencies, ensuring stability without centralized oversight. This innovation has democratized access to financial services, allowing for a more inclusive and transparent system. Beyond merely offering a stablecoin, Maker has pioneered novel financial instruments and governance models, challenging the norms of traditional banking. Its influence signifies a move towards a more open, resilient, and cost-effective financial ecosystem, paving the way for further advancements in the realm of decentralized finance (DeFi).
What Determines Maker's Price
In the dynamic landscape of cryptocurrency, the Maker (MRK) price today is influenced by a myriad of factors. Central to these is its role in the governance and stability of the MakerDAO system. The MRK token, sitting at the heart of this decentralized autonomous organization (DAO), plays a pivotal role in maintaining the stability of the DAI stablecoin. This significantly impacts the MRK cryptocurrency price.
As a governance token, MRK grants holders the power to vote on critical aspects concerning the collateralization rate of Collateralized Debt Positions (CDPs), directly affecting any Maker crypto price prediction. Moreover, the MRK token value is intricately linked to the performance of the DAI stablecoin. Mechanisms are in place to create or burn MRK in response to DAI price fluctuations, a strategy that maintains DAI's dollar-equivalent value and influences the current Maker cryptocurrency price.
Delving deeper into the MRK price chart, it becomes clear that the Maker MRK historical price has been shaped by its pioneering role in the decentralized finance (DeFi) sector. Maker employs a deflationary protocol, where a portion of the MKR fee is burned whenever a CDP contract closes. This serves to maintain a healthy balance between supply and demand, thereby influencing the MRK crypto market cap.
Furthermore, the transparency and community governance that Maker fosters, coupled with its innovative approach to mitigating volatility through a dual cryptocurrency strategy, are pivotal in shaping any Maker (MRK) price analysis. As the DeFi sector continues to expand, it is anticipated that Maker will carve out a more significant market share. This trajectory is keenly watched in the latest news on MRK price.
MKR to local currency
1 MKR to MXN$34,972.61 MKR to GTQQ13,321.821 MKR to CLP$1,701,301.861 MKR to HNLL43,896.471 MKR to UGXSh6,296,004.291 MKR to ZARR31,255.091 MKR to TNDد.ت5,488.571 MKR to IQDع.د2,265,840.41 MKR to TWDNT$56,225.841 MKR to RSDдин.192,652.381 MKR to DOP$104,980.821 MKR to MYRRM7,736.811 MKR to GEL₾4,856.431 MKR to UYU$76,841.761 MKR to MADد.م.17,299.571 MKR to AZN₼2,943.41 MKR to OMRر.ع.666.421 MKR to KESSh223,784.881 MKR to SEKkr18,950.471 MKR to UAH₴72,423.71
- 1
- 2
- 3
- 4
- 5
Last updated 2024-12-18 08:34:39（UTC+0）
How to buy Maker(MKR)
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Maker (MKR)
Use a variety of payment options to buy Maker on Bitget. We'll show you how.
Learn MoreTrade MKR perpetual futures
After having successfully signed up on Bitget and purchased USDT or MKR tokens, you can start trading derivatives, including MKR futures and margin trading to increase your income.
The current price of MKR is $1,731.41, with a 24h price change of -7.16%. Traders can profit by either going long or short onMKR futures.
Join MKR copy trading by following elite traders.
After signing up on Bitget and successfully buying USDT or MKR tokens, you can also start copy trading by following elite traders.
Maker news
A certain whale deposited 2561 MKR into CEX, worth about 5.02 million US dollars
Bitget•2024-12-16 08:58
Casey Caruso raises $75M for new tech venture firm
Grafa•2024-12-13 12:30
Top 5 Cryptocurrencies Leading the Market Today
Cryptodnes•2024-12-13 09:33
The Sandbox Raises the Bar in 2024 with Groundbreaking Metaverse Prize
Portalcripto•2024-12-13 06:22
Buy more
FAQ
Is Maker MKR a Good Investment?
MKR, the governance token for one of Ethereum's most renowned DeFi platforms, stands as a prime investment choice among digital assets. Ranking among the top 50 in cryptocurrency market capitalization, its strong foundation is underscored by the widespread adoption of the DAI stablecoin, a favorite among DeFi aficionados.
The escalating demand for DAI and enhanced engagement within the Maker ecosystem could propel the MKR price trajectory. Given these factors, the Maker token emerges as a potential addition to investment portfolios.
The growing appeal of stablecoins, especially DAI, coupled with the surging interest in DeFi platforms, can further amplify MKR's value. Representing one of the most established DeFi initiatives globally, MKR's market metrics stand to benefit from the decentralized finance sector's increasing appeal, attracting both mainstream and institutional attention, leaving it with plenty of room to grow.
How to make money with Maker (MKR) Coin
Trading MKR: Engage in buying or selling the Maker token against diverse cryptocurrencies by monitoring market dynamics. Trading MKR effectively necessitates proficiency in fundamental, technical, and sentiment analysis. This ensures enhanced probability of successful trades and minimized potential losses, albeit, considering the volatile crypto environment, risks are inherent.
HODL MKR: Over the years, MKR has seen an uptick in its value, parallel with the escalating popularity of the Maker Protocol and its DAI stablecoin among the crypto community. Opting to hold onto MKR for the long haul can be rewarding. However, it's essential to brace for patience as appreciations can be gradual and, at times, interspersed with potential bearish spells or market downturns.
Engage in MakerDAO Governance: As an active Maker community constituent, your involvement in its governance can shape its trajectory. Your voting prowess can be pivotal in determining the platform's direction, profitability, and evolution, potentially accentuating MKR's intrinsic value.
Staking MKR: Numerous centralized and decentralized exchanges present opportunities to stake MKR, promising attractive Annual Percentage Yields (APYs). Explore the "Stake and Earn" features on compliant exchanges, committing your Maker tokens to accrue compelling interest rates.
What factors influence Maker (MKR) price?
The stability fees collected by all the Dai loans are used to buy MKR from the open market and then burn it. This stability fee/burning mechanism is the primary source of value accrual for MKR.
Is MKR token considered DeFi?
As a utility DeFi token, MKR is required for paying the fees accrued on CDPs that have been used to generate Dai in the Maker system. Only MKR can pay these fees, and when paid the MKR is burned, removing it from the supply.
Is Maker decentralized?
MakerDAO operates as a decentralized entity, and the Maker Protocol serves as its software foundation, enabling users to generate and oversee the DAI stablecoin.
Is MKR a stablecoin?
MKR is not a stablecoin and therefore has a volatile price. However the Maker protocol is the issuer of the leading stablecoin. The coin plays a crucial role in the platform's ecosystem and supply mechanics. It has three main roles on the platform: it acts as a utility token, governance token and a recapitalization resource.
What is the current price of Maker?
The live price of Maker is $1,731.41 per (MKR/USD) with a current market cap of $1,542,608,078.13 USD. Maker's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Maker's current price in real-time and its historical data is available on Bitget.
What is the 24 hour trading volume of Maker?
Over the last 24 hours, the trading volume of Maker is $122.39M.
What is the all-time high of Maker?
The all-time high of Maker is $6,339.02. This all-time high is highest price for Maker since it was launched.
Can I buy Maker on Bitget?
Yes, Maker is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Maker guide.
Can I get a steady income from investing in Maker?
Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.
Where can I buy Maker with the lowest fee?
Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.
Where can I buy Maker (MKR)?
Video section — quick verification, quick trading
How to complete identity verification on Bitget and protect yourself from fraud
1. Log in to your Bitget account.
2. If you're new to Bitget, watch our tutorial on how to create an account.
3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
4. Choose your issuing country or region and ID type, and follow the instructions.
5. Select “Mobile Verification” or “PC” based on your preference.
6. Enter your details, submit a copy of your ID, and take a selfie.
7. Submit your application, and voila, you've completed identity verification!
Cryptocurrency investments, including buying Maker online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Maker, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Maker purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.
Contracts：
More
Avalanche C-Chain
0x8812...Ab72d42
Links：
Store Of ValueDeFiDAOPolychain Capital PortfolioGovernanceLending & BorrowingDragonFly Capital PortfolioElectric Capital Portfolioa16z Portfolio1Confirmation PortfolioPlaceholder Ventures PortfolioPantera Capital PortfolioParadigm PortfolioNear Protocol EcosystemArbitrum EcosystemSpartan GroupBNB ChainReal World AssetsStandard Crypto Portfolio
Bitget Insights
BGUSER-ELQ5BGCW
3d
$MAK and $JUNGLE soon pump
JUNGLE+7.77%
MKR-2.36%
BGUSER-W4X3W812
4d
DeFi Market Surge: Uniswap (UNI) and Other Noteworthy Projects
Introduction
The decentralized finance (DeFi) market has experienced unprecedented growth, revolutionizing traditional financial systems. Amidst this surge, several projects have emerged, showcasing immense potential. This article highlights Uniswap (UNI) and other noteworthy DeFi projects deserving attention.
Uniswap (UNI): Decentralized Trading Leader
Uniswap, a decentralized exchange (DEX) protocol, facilitates automatic liquidity provision. Key features:
1. *Decentralized Governance*: Community-driven decision-making.
2. *Liquidity Pools*: Token holders provide liquidity.
3. *Automated Market Maker*: Efficient trading.
Uniswap's Achievements
1. *Highest Trading Volume*: Surpassed $1 trillion.
2. *Largest DEX*: Dominant market share.
3. *Innovative Developments*: Continuous protocol upgrades.
Other Noteworthy DeFi Projects
*1. Aave (AAVE) - Decentralized Lending*
1. *Flash Loans*: Instant, collateral-free loans.
2. *Liquidity Pool*: Earn interest.
3. *Governance*: Community-driven.
*2. MakerDAO (MKR) - Stablecoin Pioneer*
1. *Dai Stablecoin*: Pegged to USD.
2. *Collateralized Debt Positions*: Secure loans.
3. *Decentralized Governance*: Community control.
*3. Compound (COMP) - Decentralized Borrowing*
1. *Interest-Earning*: Lend assets.
2. *Borrowing*: Secure loans.
3. *Governance*: Community-driven.
*4. SushiSwap (SUSHI) - Decentralized Exchange*
1. *Liquidity Pools*: Token holders provide liquidity.
2. *Automated Market Maker*: Efficient trading.
3. *Cross-Chain Compatibility*: Interoperability.
*5. Curve Finance (CRV) - Decentralized Exchange Aggregator*
1. *Liquidity Aggregation*: Optimal trading routes.
2. *Low Slippage*: Minimal price impact.
3. *Governance*: Community-driven.
Future Outlook
The DeFi market's exponential growth indicates immense potential. Uniswap, Aave, MakerDAO, Compound, SushiSwap, and Curve Finance are poised for continued success. Investors and enthusiasts should:
1. *Stay Informed*: Monitor project developments.
2. *Diversify*: Spread investments.
3. *Participate*: Engage with communities.
Conclusion
The DeFi market surge has brought attention to innovative projects. Uniswap, Aave, MakerDAO, Compound, SushiSwap, and Curve Finance demonstrate exceptional potential. As DeFi continues evolving, staying informed and adapt
CRV-5.24%
DAI+0.01%
BGUSER-3XT0TN4J
4d
DeFi Market Surge: Uniswap (UNI) and Other Noteworthy Projects
Introduction
The decentralized financ
DeFi Market Surge: Uniswap (UNI) and Other Noteworthy Projects
Introduction
The decentralized finance (DeFi) market has experienced unprecedented growth, revolutionizing traditional financial systems. Amidst this surge, several projects have emerged, showcasing immense potential. This article highlights Uniswap (UNI) and other noteworthy DeFi projects deserving attention.
Uniswap (UNI): Decentralized Trading Leader
Uniswap, a decentralized exchange (DEX) protocol, facilitates automatic liquidity provision. Key features:
1. *Decentralized Governance*: Community-driven decision-making.
2. *Liquidity Pools*: Token holders provide liquidity.
3. *Automated Market Maker*: Efficient trading.
Uniswap's Achievements
1. *Highest Trading Volume*: Surpassed $1 trillion.
2. *Largest DEX*: Dominant market share.
3. *Innovative Developments*: Continuous protocol upgrades.
Other Noteworthy DeFi Projects
*1. Aave (AAVE) - Decentralized Lending*
1. *Flash Loans*: Instant, collateral-free loans.
2. *Liquidity Pool*: Earn interest.
3. *Governance*: Community-driven.
*2. MakerDAO (MKR) - Stablecoin Pioneer*
1. *Dai Stablecoin*: Pegged to USD.
2. *Collateralized Debt Positions*: Secure loans.
3. *Decentralized Governance*: Community control.
*3. Compound (COMP) - Decentralized Borrowing*
1. *Interest-Earning*: Lend assets.
2. *Borrowing*: Secure loans.
3. *Governance*: Community-driven.
*4. SushiSwap (SUSHI) - Decentralized Exchange*
1. *Liquidity Pools*: Token holders provide liquidity.
2. *Automated Market Maker*: Efficient trading.
3. *Cross-Chain Compatibility*: Interoperability.
*5. Curve Finance (CRV) - Decentralized Exchange Aggregator*
1. *Liquidity Aggregation*: Optimal trading routes.
2. *Low Slippage*: Minimal price impact.
3. *Governance*: Community-driven.
Future Outlook
The DeFi market's exponential growth indicates immense potential. Uniswap, Aave, MakerDAO, Compound, SushiSwap, and Curve Finance are poised for continued success. Investors and enthusiasts should:
1. *Stay Informed*: Monitor project developments.
2. *Diversify*: Spread investments.
3. *Participate*: Engage with communities.
Conclusion
The DeFi market surge has brought attention to innovative projects. Uniswap, Aave, MakerDAO, Compound, SushiSwap, and Curve Finance demonstrate exceptional potential. As DeFi continues evolving, staying informed and adapt
CRV-5.24%
DAI+0.01%
Twitch
4d
DeFi Market Surge: Uniswap (UNI) and Other Noteworthy Projects
Introduction
The decentralized financ
DeFi Market Surge: Uniswap (UNI) and Other Noteworthy Projects
Introduction
The decentralized finance (DeFi) market has experienced unprecedented growth, revolutionizing traditional financial systems. Amidst this surge, several projects have emerged, showcasing immense potential. This article highlights Uniswap (UNI) and other noteworthy DeFi projects deserving attention.
Uniswap (UNI): Decentralized Trading Leader
Uniswap, a decentralized exchange (DEX) protocol, facilitates automatic liquidity provision. Key features:
1. *Decentralized Governance*: Community-driven decision-making.
2. *Liquidity Pools*: Token holders provide liquidity.
3. *Automated Market Maker*: Efficient trading.
Uniswap's Achievements
1. *Highest Trading Volume*: Surpassed $1 trillion.
2. *Largest DEX*: Dominant market share.
3. *Innovative Developments*: Continuous protocol upgrades.
Other Noteworthy DeFi Projects
*1. Aave (AAVE) - Decentralized Lending*
1. *Flash Loans*: Instant, collateral-free loans.
2. *Liquidity Pool*: Earn interest.
3. *Governance*: Community-driven.
*2. MakerDAO (MKR) - Stablecoin Pioneer*
1. *Dai Stablecoin*: Pegged to USD.
2. *Collateralized Debt Positions*: Secure loans.
3. *Decentralized Governance*: Community control.
*3. Compound (COMP) - Decentralized Borrowing*
1. *Interest-Earning*: Lend assets.
2. *Borrowing*: Secure loans.
3. *Governance*: Community-driven.
*4. SushiSwap (SUSHI) - Decentralized Exchange*
1. *Liquidity Pools*: Token holders provide liquidity.
2. *Automated Market Maker*: Efficient trading.
3. *Cross-Chain Compatibility*: Interoperability.
*5. Curve Finance (CRV) - Decentralized Exchange Aggregator*
1. *Liquidity Aggregation*: Optimal trading routes.
2. *Low Slippage*: Minimal price impact.
3. *Governance*: Community-driven.
Future Outlook
The DeFi market's exponential growth indicates immense potential. Uniswap, Aave, MakerDAO, Compound, SushiSwap, and Curve Finance are poised for continued success. Investors and enthusiasts should:
1. *Stay Informed*: Monitor project developments.
2. *Diversify*: Spread investments.
3. *Participate*: Engage with communities.
Conclusion
The DeFi market surge has brought attention to innovative projects. Uniswap, Aave, MakerDAO, Compound, SushiSwap, and Curve Finance demonstrate exceptional potential. As DeFi continues evolving, staying informed and adapt
CRV-5.24%
DAI+0.01%
JamesAnan
4d
Comparing HOLD coin with other lending and borrowing platform tokens.
When comparing $HOLD coin with other lending and borrowing platform tokens, it's important to look at various factors such as token utility, platform features, governance, and the broader ecosystem. Here’s a detailed comparison based on these aspects:
1. Token Utility
$HOLD Coin: As the native token of the HOLD platform, $HOLD is likely used for a variety of purposes, including collateral for crypto-backed loans, staking to earn rewards, governance participation, and payment for platform fees. Its versatility in the HOLD ecosystem increases its utility and encourages long-term engagement from users.
Other Lending Platform Tokens (e.g., AAVE, Compound’s COMP, MakerDAO’s MKR): Similar to $HOLD, tokens like AAVE and COMP serve as governance tokens within their respective ecosystems, allowing users to vote on protocol upgrades and changes. AAVE also allows users to stake the token for security purposes, while COMP rewards users who lend and borrow on the platform with the token. MakerDAO’s MKR is used for governance and maintaining the stability of the DAI stablecoin system.
2. Governance and Decentralization
$HOLD Coin: If $HOLD is used for governance, it would allow users to vote on platform decisions such as changes to loan terms, interest rates, or the introduction of new features. This decentralized governance model aligns with the principles of blockchain, giving the community a voice in the platform’s future.
Other Lending Platform Tokens: Tokens like AAVE, COMP, and MKR also offer governance mechanisms. For example, AAVE holders can vote on proposals related to the protocol’s direction, while COMP token holders govern the Compound platform. MKR holders are responsible for making key decisions about the stability of the DAI stablecoin, including risk parameters and collateral types.
3. Collateral for Loans
$HOLD Coin: As a platform-specific token, $HOLD could be used as collateral for loans on the HOLD platform. This would create a demand for the token, as users could borrow against their holdings without having to sell them.
Other Lending Platform Tokens: In platforms like Aave and Compound, users can typically borrow against a wide range of assets, including stablecoins, Ethereum, and other major cryptocurrencies. However, the platform’s native tokens (like AAVE or COMP) are usually not used as collateral for loans, as they serve more as governance tokens or rewards.
4. Staking and Yield Generation
$HOLD Coin: Users could stake $HOLD coins to earn rewards, such as a share of platform fees, interest from loans, or new $HOLD tokens. This incentivizes long-term holding and engagement, as stakers help secure the platform and provide liquidity.
Other Lending Platform Tokens: AAVE and COMP also offer staking opportunities. AAVE holders can stake their tokens in the AAVE Safety Module, which helps secure the protocol and earn rewards. COMP tokens are distributed as rewards to users who participate in lending and borrowing activities on the platform. These staking mechanisms encourage users to hold tokens and contribute to the platform’s liquidity and security.
5. Liquidity and Market Demand
$HOLD Coin: The liquidity of $HOLD would depend on its adoption and use within the HOLD platform. If it becomes widely used for crypto-backed lending, staking, and governance, demand for $HOLD would increase, potentially driving up its value.
Other Lending Platform Tokens: Tokens like AAVE and COMP are well-established in the market, with large liquidity pools and high trading volumes. Their market demand is driven by the success and growth of the respective lending platforms. MKR, being integral to the DAI stablecoin system, also enjoys high liquidity and demand, especially as DAI is widely used across DeFi applications.
6. Platform Features and Ecosystem
$HOLD Coin: The success of $HOLD would be closely tied to the features of the HOLD platform. If the platform offers competitive interest rates, low fees, and a seamless user experience for borrowing and lending, it could drive the adoption of $HOLD. Integration with other DeFi protocols could also enhance its utility.
Other Lending Platform Tokens: Platforms like Aave, Compound, and MakerDAO are part of well-established DeFi ecosystems with broad user bases and integration with other decentralized applications (dApps). These platforms offer a range of features, including variable and stable interest rates, liquidity pools, and governance participation. Aave also has features like flash loans, which are unique to its platform and increase its attractiveness.
7. Risk Management and Security
$HOLD Coin: The security of $HOLD would depend on the underlying blockchain and the platform’s mechanisms for managing loan defaults and collateral liquidation. If $HOLD is used as collateral, its price volatility could pose risks for both borrowers and lenders, requiring robust risk management protocols.
Other Lending Platform Tokens: Aave and Compound have robust mechanisms for managing risk, such as liquidation thresholds, collateral ratios, and insurance funds. AAVE has a safety module that acts as a backstop in case of protocol insolvency. MKR holders are responsible for managing the risk associated with DAI’s collateral types and ensuring the stability of the system.
8. Adoption and Community
$HOLD Coin: The adoption of $HOLD will largely depend on the platform’s ability to attract users and integrate with the broader DeFi ecosystem. The community-driven nature of the token, if properly incentivized, could foster strong participation and growth.
Other Lending Platform Tokens: Tokens like AAVE and COMP have strong, established communities due to the success of their respective platforms. These platforms have gained significant adoption in the DeFi space, making their tokens highly attractive for investors, stakers, and users.
Conclusion:
While $HOLD coin may offer similar functionalities as other lending platform tokens, such as staking, governance, and collateral use, its impact will depend on the success of the HOLD platform itself. Established tokens like AAVE, COMP, and MKR benefit from strong ecosystems, wide adoption, and robust features. However, if $HOLD can differentiate itself through unique platform features, strong community engagement, and integration with other DeFi protocols, it could carve out a significant role in the decentralized lending and borrowing space.
SPACE-4.39%
HOLD-2.87%
Related assets
Popular cryptocurrencies
A selection of the top 8 cryptocurrencies by market cap.
Recently added
The most recently added cryptocurrencies.
Comparable market cap
Among all Bitget assets, these 8 are the closest to Maker in market cap.
Maker Social Data
In the last 24 hours, the social media sentiment score for Maker was 3.7, and the social media sentiment towards Maker price trend was Bullish. The overall Maker social media score was 430,349, which ranks 28 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Maker being mentioned with a frequency ratio of 0.04%, ranking 67 among all cryptocurrencies.
In the last 24 hours, there were a total of 1,028 unique users discussing Maker, with a total of Maker mentions of 384. However, compared to the previous 24-hour period, the number of unique users increase by 45%, and the total number of mentions has increase by 86%.
On Twitter, there were a total of 15 tweets mentioning Maker in the last 24 hours. Among them, 53% are bullish on Maker, 27% are bearish on Maker, and 20% are neutral on Maker.
On Reddit, there were 12 posts mentioning Maker in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 54% .
All social overview
3.7