Risk Wave
4660
Danger Zone
Maker's Risk Wave score is currently 4660/100 — placing it in the Danger Zone.
Maker is trading well above its long-term trend. Elevated risk — consider taking partial profits or tightening stop-losses.
Risk Wave measures how far MKR's price deviates from its long-term trend. Learn more →
Fear & Greed
9/100
Extreme Fear
Category
DeFi
Governance token for MakerDAO, the protocol behind the DAI stablecoin.
Investment thesis: MakerDAO is one of the most established protocols in DeFi, with DAI serving as a foundational stablecoin across the ecosystem for years. The protocol earns revenue from stability fees charged on Vault positions, creating a direct link between DAI demand and MKR token value through buybacks and burns. Its Endgame restructuring aims to improve governance scalability and long-term sustainability.
Key risks: DAI's peg stability depends on adequate collateral ratios; sharp market drops can trigger cascading liquidations. Governance complexity and voter apathy create slow decision-making relative to more centralized competitors. Concentration in real-world asset collateral introduces counterparty and regulatory risk to the protocol.
By Menno — 13 years in crypto, 3 bear markets survived, zero paid promotions
Last updated: March 2026
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Start Free TrialThis page is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk including the potential loss of all invested capital. Prices from CoinGecko. Always do your own research before making investment decisions.