DeFi Lender MakerDAO’s MKR Price Soars as Token Smart Burn Engine Goes Live

MKR briefly rose above $1,200 early Friday for the first time since last August, then pared some of its gains to change hands at around $1,148. The token is up 28% over the past week, significantly outperforming the 4.6% decline of the CoinDesk Market Index, which tracks the broader crypto market’s performance.