Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,642,616,474 | Market Cap: $2,608,639,729,430
Maker
MKR
$2,648.73
Sector
Lending
Exchange Debut
2017-01-30
Market Cap
2,464,386,013
Maxim Supply
1,005,577
Circulating Supply
930,402
Circ. Supply(%)
92.52%
Maker
MKR
Price
$2,648.73
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
100768332
2730.9568899614
2584.3062699917
Change 24h
Change 7d
Change 30d
-2.0202
-6.3229
12.5014
Maxim supply
Circulating supply
Circulating supply(%)
1,005,577
930,402
92.52%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Maker-MKR cryptocurrency:
Maker (MKR) is a pioneering project in the decentralized finance (DeFi) sector, with a focus on issuing and managing the DAI stablecoin. Based on Ethereum, it has earned an impressive overall score of 8.42 out of 10 in our fundamental analysis. The governance token, MKR, allows holders to have a say in the ecosystem, reflecting the project’s emphasis on decentralization and community involvement. In this report, we delve deeper into the fundamental analysis of the Maker cryptocurrency across various criteria.
SOCIAL & MASS MEDIA: Score 6.4 out of 10
Maker performs decently on the social and media front. Although the project garners a high media presence with a score of 10 out of 10, it lags in community activity on social media platforms, scoring only 1 out of 10. This suggests that while the project is well-covered in the media, there’s room for improvement in fostering a more engaged online community.
AUDIT & SECURITY: Score 9.05 out of 10
Security is a paramount concern in the crypto landscape. Maker shines in this category with an admirable score of 9.05. The transparency of information available to the public could be better but is balanced by high scores in the results of audits and liquidity on exchanges. This places Maker in good standing when it comes to audit and security.
TOKENOMICS: Score 8.35 out of 10
Token economics are vital for any crypto project, and Maker has scored well in this domain. With an 8.35 out of 10, Maker is well-rated for its management of inflation and the decentralization of its monetary mass. These factors make the fundamental analysis of the Maker cryptocurrency particularly promising in the long run.
ECOSYSTEM DEVELOPMENT: Score 8.72 out of 10
For ecosystem development, Maker scores an impressive 8.72 out of 10. Achieving its objectives and planning new developments are strong suits, reinforcing the project’s promise and long-term vision.
TEAM & DEVELOPERS: Score 9.16 out of 10
In terms of team and developers, Maker performs exceptionally well. The project benefits from an experienced team and a strong base of software developers, scoring a 9.16 out of 10. This shows the team’s competence and positions the project for future success.
PRODUCT & UTILITY: Score 8.52 out of 10
On the product and utility front, Maker achieves a score of 8.52 out of 10. The product itself has been rated highly useful, though the utility of tokens in the ecosystem could see some improvement.
PARTNERS & INVESTORS: Score 9.43 out of 10
Maker also excels in partnerships and investors, with a high score of 9.43. This bodes well for its sustainability and growth, as a robust network of partners and investors is crucial for long-term success.
Fundamental analysis of the Maker-MKR cryptocurrency – The final conclusion
Based on our in-depth fundamental analysis of the Maker cryptocurrency, this project appears to be a strong contender in the DeFi sector. It fares exceptionally well in audit & security, team & developers, and partners & investors. However, there are areas, such as social media engagement, where it could improve. The risk associated with this project seems moderate, considering the overall high scores in critical sectors. From an investment standpoint, the positive scores across most categories indicate a strong potential for long-term growth, making Maker a compelling investment opportunity.
What is Maker-MKR?
Maker (MKR) serves as the governance token for the MakerDAO and Maker Protocol, both operating on the Ethereum blockchain. This setup allows users to issue and control the DAI stablecoin. Launched fully in December 2017, the Maker project is responsible for operating DAI, a community-governed stablecoin tied softly to the US dollar. Unlike other tokens that offer dividends, MKR tokens provide voting rights to their holders, affecting the development of the Maker Protocol. The project is a pioneer in the decentralized finance (DeFi) industry.
Who Founded Maker?
Rune Christensen, an entrepreneur from Denmark, founded MakerDAO in 2015. Holding a biochemistry degree from Copenhagen University and business studies from Copenhagen Business School, Christensen had prior entrepreneurial experience before launching MakerDAO.
What Makes Maker Unique?
The unique aspect of MKR lies in its governance mechanism. Holders can vote on several matters like adding new collateral types or changing risk parameters. This direct participation model has elevated DAI to one of the market’s most popular stablecoins, and in turn, affects the value of MKR tokens.
Summary
Maker (MKR) is a governance token in the Maker ecosystem, enabling the issue and management of the DAI stablecoin on the Ethereum blockchain. As part of the decentralized finance (DeFi) movement, it’s among the earliest projects of its kind. The fundamental analysis of the Maker-MKR cryptocurrency< shows that it stands out for its governance features. MKR token holders have the power to influence the protocol, from adding new collateral types to deciding the DAI Savings Rate. Founded by Rune Christensen, the project has grown DAI into one of the leading stablecoins, with a market capitalization exceeding $800 million as of 2020. This unique governance approach drives the demand for MKR tokens, affecting their value over time.
- Latest analysis update: September 16, 2023
Maker - MKR performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
