Maker 價格MKR

Sometimes the news is both exciting and raises eyebrows at the same time. This morning's announcement that a16z Crypto has purchased $15M worth of the MakerDAO's MKR token is a perfect example. The group calls it a strong endorsement for the MakerDAO's Dai stablecoin -- and it is -- but the complex nature of how this all works brought an immediate skeptical response. Let's break it down. What happened and why we care First, it's important to understand exactly what happened and who is behind it. The a16z Crypto fund is a creation of the Silicon Valley powerhouse venture-capital firm Andreessen Horowitz. But as today's announcement reminds folks, a16z Crypto isn't the venture firm itself. As they explain it: " Please note that the a16z crypto fund is a separate legal entity managed by CNK Capital Management ... a16z crypto is legally independent and operationally separate from the Andreessen Horowitz family of fund[s]." That said, it is a $300M fund. And it exists because the AH venture folk believe in blockchain and crypto (see here on Dfinityand back five years ago on Coinbase). Today's investment is just 5% of the capital at a16z Crypto but it backs an audacious project to create and foster a stablecoin, that is a cryptocurrency free of censorship features common to fiat currencies but with a consistent value like them. ( Our Block by Block primer on stablecoins ran last week if you wish to learn more.) The mechanism as to what the a16z fund did, however, is a little confusing at first. Although this investment is in support of the Dai stablecoin, it did not involve buying said coin, which trades in a rather boring pattern as it's supposed to. So what a16z Crypto did, instead was buy up 6% of the total supply of MKR coins, apparently at around a 25% discount to their underlying price per Meltem Demirors on Twitter. What Maker plans to do is outlined clearly: " As part of this partnership, MakerDAO will receive operating capital through the next growth stage, 3 years of support for the MakerDAO community, and most importantly, full operational support from the 80+ person Andreessen Horowitz a16z team. Specifically, Dai Stablecoin adoption and regulatory support are two of the first priorities." Two coins diverge in the woods So while Maker is promoting Dai, the stablecoin, it relies on MKR to make things go. And the complexity of MKR is a topic unto itself. As described back in 2015, MKR does three things (1) it's used for governance of the protocol (2) it's used to raise money in the even that the collateral backing Dai falls below an acceptable threshold to ensure stability and (3) it's used to pay fees on that collateral. (The longer explanation is hereand is worthy of a full read, but also beyond the scope of today's news.) What MKR is not, however, is an equity instrument in a traditional sense -- though it sure looks like one today. That, and more, is what caught Demirors attention in her tweetstorm. Aside from noting the discount to MKR's price, which isn't uncommon when buying a large piece of any entity, Demirors was concerned about what this signaled for Maker. "According to a blog post, the $15M will be used to fund the next 3 years of operating costs. i'm sure people think this is a great sign for the project - being able to recruit high quality capital. but, i think this is a massive failure in governance and project management," she wrote. "No vote was conducted on this matter, despite governance being a core tenant of the project." Perhaps even more troublesome is that the 6% stake now in the hands of a16z Crypto appears to have simply been created out of thin air. It is possible it came from the 39% held by the Dai foundation, which ostensibly existed to fund development efforts. But whether it represents new tokens or a shift in control / ownership it did occur at the behest of the few not the many. And while MKR is supposed to be created as needed for recapitalization under the aforementioned collateral shortfalls, it is not -- under its original conception -- meant to be created to raise funds for development. What should concern folks is that the promise here is of transparent governance but this looks anything but. And given that the Dai stablecoin relies on MKR for its very stability some skepticism is warranted. Interesting times Still, the endorsement from a16z Crypto is important. Read the blog postfrom the folks there and you will see it is not some random flyer on a project they are lukewarm about. The goal is the promotion of this particular stablecoin and an underlying belief in the necessity of such instruments. Back in December Preston Byrne posted his critique of the concept under " Stablecoins are doomed to fail" and by January he was taking a bit of a victory lap. We are eight months later and Dai has just received a major endorsement through today's buy in to MKR and Maker by extension. That folks tend to hold bitcoin rather than spend it has a lot to do with their belief the bitcoin will be worth more in the future. This has arguably slowed crypto's growth as a medium of exchange, which is where stablecoins might help push the ecosystem forward. Questions aside about exactly how this happened, it is a strong statement behind both the technology and the folks at Maker. © 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Mkrs please, you . dev. aswol.buy . and.burn 77M token

BlackRock (BUIDL) led the charge in real world assets by TVL followed by MakerDAO in November. Which $RWA is catching up in December?

Altcoins look dead. Liquidity is thin. Retail has vanished. Even hardened traders are saying, “Wake me up when the real bull run starts.” Perfect. This is exactly what the beginning of an accumulation cycle looks like. Today’s altcoin market isn’t a graveyard — it’s a coiled spring, and the data quietly confirms it. Let’s break down why the current environment may offer the most asymmetric opportunities since the 2019–2020 cycle. --- 1️⃣ Alt/BTC Pairs Are Bottoming Out — Historically the First Rotation Signal The majority of altcoins have hit multi-year lows against BTC. That sounds bearish, but historically it’s the first prerequisite for an altseason. Look at previous cycles: 2016 — alt/BTC bottomed → massive L1/ICO boom 2019 — bottomed after the bear → DeFi Summer emerged 2020 — bottomed → 2021 altseason exploded We’re back at that structural zone again. > When alts bleed long enough, value investors step in before retail even notices. --- 2️⃣ Bitcoin Dominance Has Entered Exhaustion Territory Bitcoin dominance has topped near its long-term resistance band. Whenever BTC.D loses momentum: BTC cools Liquidity rotates Altcoins outperform This is how every rotation works. BTC rallies first, then stabilizes, then capital moves into higher-beta assets. We’re entering that stabilization window now. --- 3️⃣ On-Chain Flows Show Accumulation, Not Capitulation Smart money indicators reveal something retail hasn’t seen yet: Large wallets increasing exposure to select L1s and RWAs DeFi blue-chips seeing higher staking participation Exchange reserves for many alts declining OTC desks reporting renewed demand for ETH-based tokens This isn’t panic. It’s positioning. --- 4️⃣ Macro Conditions Support Risk Rotation QT is ending. Rate cuts are back on the menu. Dollar liquidity is slowly returning. ETF flows into BTC + ETH are strengthening. When liquidity expands, capital chases beta. That means altcoins. The macro backdrop looks more like early 2020 than mid-2022. --- 5️⃣ Narratives for the Next Cycle Are Already Forming The altcoin market isn’t waiting for retail — major narratives are maturing now: 🔹 RWAs (Real World Assets) Regulated tokenization is entering its breakout phase. Expect $LINK, $ONDO, $MKR, $XLM, $HBAR to play major roles. 🔹 AI x DeFi AI agents interacting with on-chain liquidity is a high-conviction theme. 🔹 L2 Expansion Ethereum’s rollup ecosystem is about to onboard millions of users. The infrastructure tokens benefitting from this will lead. 🔹 Modular Chains Data availability, settlement layers, and interoperability protocols are becoming investable sectors. These aren’t hype narratives — they’re infrastructure themes backed by institutions and real adoption. --- 6️⃣ The Risk/Reward Hasn’t Been This Attractive in Years Here’s the uncomfortable truth: Most people only buy altcoins once they’ve already pumped 5–10x. Professionals do the opposite: They accumulate when charts look terrible When sentiment is depressed When retail is gone When funding is neutral or negative When fear > greed That’s today’s market. You don’t get asymmetry at the top of a parabola. You get it in the shadows before the rotation starts. --- 7️⃣ Final Take Altcoins are not dead — they’re undervalued, ignored, and structurally primed. We are in the stage of the cycle where: BTC dominance stalls Smart money accumulates Narratives mature quietly Liquidity begins returning Retail sleeps through generational entries If history rhymes, this period will be looked back on as the accumulation zone that preceded the next major altseason. The window won’t stay open forever. -

$EGLD buymkkk all, Don't Short mkrs please