$MKR current price $1,382; market cap is about $1.2 billion. Trading volume over 24 hours is only 290K. Liquidity is rather thin, but the narrative structure is still progressing.
The Endgame roadmap is splitting governance into SubDAOs, simplifying the decision-making chain, while also managing RWA exposure more precisely. If these two items are implemented, the valuation anchor could shift from "stablecoin issuer" to "on-chain cash flow protocol."
That said, keep a cool head: rebranding takes time to be accepted, the scale squeeze on USDT/USDC is a long-term pressure, and DAI’s market share is unlikely to reverse in the short term.
My view: MKR behaves more like a slow-moving variable, driven by governance upside and RWA yield—not short-term sentiment. Low trading volume means any catalyst will amplify volatility; position management matters more than directional calls.
#Maker #RWA #DeFi
The Endgame roadmap is splitting governance into SubDAOs, simplifying the decision-making chain, while also managing RWA exposure more precisely. If these two items are implemented, the valuation anchor could shift from "stablecoin issuer" to "on-chain cash flow protocol."
That said, keep a cool head: rebranding takes time to be accepted, the scale squeeze on USDT/USDC is a long-term pressure, and DAI’s market share is unlikely to reverse in the short term.
My view: MKR behaves more like a slow-moving variable, driven by governance upside and RWA yield—not short-term sentiment. Low trading volume means any catalyst will amplify volatility; position management matters more than directional calls.
#Maker #RWA #DeFi