What Maker (PulseChain) governs
Maker (PulseChain) (MKR) is a DeFi protocol governance token, currently ranked 320th by market capitalization among the assets we track. Maker (PulseChain) sits at the center of a decentralized-finance application. The token coordinates governance, sometimes routes protocol revenue to holders, and ties its value to how much the underlying protocol is actually used.
Maker (PulseChain) (MKR) is a governance token for the Maker Protocol, which facilitates decentralized lending and borrowing on the PulseChain network. It is essential for maintaining the stability of the DAI stablecoin and enables MKR holders to vote on key protocol decisions.
How value is supposed to accrue
Usage drives everything here: more deposits and more volume mean more fees, and the token's value depends on whether those fees flow back to MKR rather than evaporating to liquidity providers alone.
Background & fundamentals
In sector terms it is most often filed under Pulsechain (PLS) Token (PRC-20).
Where Maker (PulseChain) sits in the market
With MKR near $2.06, Maker (PulseChain) carries a market capitalization of $2.01M. Around $45.72 changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.00% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Almost the entire MKR supply is already in circulation (~100.0% of the 1M cap), so future dilution is effectively off the table. MKR remains -92% beneath its all-time high of $25.18, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Across timeframes, MKR shows 24-hour +5.78%, 7-day -10.04%, 30-day +44.82%, 1-year -43.33%.
Volatility profile
Recent action puts Maker (PulseChain) in the High-volatility band — it has been actively trading, with daily moves that would be unusual in traditional equities. Over the last 30 days the move totals +44.82%, a useful input for stop placement and position sizing.
How to evaluate a DeFi token like Maker (PulseChain)
The honest checklist for MKR is short:
- Protocol revenue — fees the application actually earns, and whether any of it reaches MKR holders.
- Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
- Token utility — whether MKR is load-bearing (governance over real value, fee rights) or decorative.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.