$MKR is trading at $2,142.50 with a 24-hour volume of $143.2 million and a market cap of $1.81 billion—up 17.8% in the last day. This surge was sparked by last week’s community vote to lower the Stability Fee on Ether vaults—making borrowing cheaper and immediately driving a 12% uptick in new DAI issuance—was further amplified by MakerDAO’s announcement of its FRAX integration roadmap (which opens the door to cross-protocol liquidity and expanded real-world asset collaterals), and was turbo-charged by a decisive technical breakout above the $2,000 pivot on heavy volume that lured momentum traders back in, even as on-chain data show whales accumulating MKR and tightening effective supply ahead of the impending Governance Module V2 upgrade.