MakerDAO’s $MKR token trades near $1,976, with a circulating supply of ~604K (60% of 1M) and daily volume over $217M. MKR enables voting on the MakerDAO protocol, including DAI stability and collateralization. The DAO is exploring a shift to deflationary tokenomics and potentially rebranding as “Sky,” converting MKR at a 1:24,000 ratio. Technically, the asset finds support near $1,950 with upside resistance around $2,080. Investors should monitor governance developments, community sentiment, and DAI adoption before allocating capital. MKR carries high reward potential, but with equally high structural risk.