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Maker

Maker MKR

token
Maker Price (MKR)
$2,141.92
1.90% Buy MKR Now

0.6314 ETH

0.0350 BTC

Low: $2,095.57
High: $2,247.17
24h
Market Cap
$1,977,592,762
1.90%
Fully Diluted Market Cap
$2,153,863,191
1.90%
Volume
24h
$92,593,460
6.35%
Volume / Market Cap
0.0468
Circulating Supply
923,281 MKR
91.82%
Max Supply
1,005,577
Total Supply
977,631

Maker (MKR) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.00%

Joined at Apr 21, 2015

Following

173

0.00%

Tweet count

7,248

0.00%

Maker reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Maker (MKR) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Maker telegram
Telegram Stats
Visit Telegram

Members

1.15%

Title

MakerDAO Chat

Maker traffic
Website Traffic
Visit Website

Website Rating (DR)

79 / 100

0.00%

Ahrefs Rank

17,457

0.57%

Organic Traffic (mo.)

17,177

35.56%

Maker github
GitHub Organization
Visit GitHub

Public repos

Created at May 20, 2015

Type

Organization

Maker github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Maker (MKR) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 262,788

Members: 12,194


Live MKR Price Analysis

The current real time Maker price is $2,141.92, and its trading volume is $92,593,460 in the last 24 hours. MKR price has grew by 1.90% in the last day, and increased by 5.34% in the last 7 days. It’s important to note that current Maker market capitalization is $1,977,592,762, and the maximum supply is 1,005,577 MKR coins. Talking about circulating supply, MKR has 923,281 coins. Currently, Maker rank on the market is #49.

Maker price today is 66.21% below all time high, and it is 10,070.65% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling MKR are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is the Maker Protocol (MKR)?

Maker (MKR) is a utility token of the Maker Protocol based on the ERC-20 token standard. The Maker Protocol essentially is a multi-collateral Dai system that is operated by MakerDAO, which is a decentralized Ethereum-based organization. If you're interested in the current asset performance, check out the MKR price chart above.

The Maker Protocol enables users to issue Dai (DAI) stablecoins. All they have to do is take out a loan by locking-in collateral in exchange for Dai. Dai is one of the largest stablecoins that has a soft peg to USD. Essentially, any supported collateral, such as ETH, can be locked in the Maker Protocol, and an equal amount of Dai will be created as debt. The DAI value is not directly tied to the Maker price.

The Founder of MakerDAO

Rune Christensen developed MakerDAO in 2015. Rune Christensen is a Danish entrepreneur who has a degree in biochemistry and international business. Apart from founding MakerDAO, he also co-founded Try China.

Rune Christensen is accompanied by Steven Becker, who is the COO of the MakerDAO crypto project. He has experience leading various financial projects, including Polus Capital, Cubit Capital, and others.

Since its launch, the Maker price has shown a tendency towards mild-to-high volatility. It's also typically followed the broader market trends, with its value changing accordingly.

The Purpose of MKR Tokens

The main purpose of MKR is to give its holders direct access to the DAI governance process. In order to vote on various modifications that are planned to be made to the Maker Protocol, users have to hold MKR tokens. The influence they have depends on the amount of the Maker coins they hold.

The voting process happens through two pools:

  • Proposal pool
  • Executive pool

The community's opinion on a proposed modification is evaluated using the proposal pool. This process is done to ensure that suggestions for amendments have been carefully considered. After the proposal is approved, it's time to turn to the executive pool. In this pool, holders of MKR tokens can cast a formal vote for or against a certain proposal. The active proposal is then selected based on whatever smart contract address obtains the most MKR tokens.

However, MKR tokens have one more purpose – recapitalization. This means that MKR tokens can be used to safeguard the DAI stablecoin ecosystem from going bankrupt in times of high volatility in the crypto market. You'll find an in-depth explanation in the next chapter.

The Supply of MKR Tokens

MKR tokens have a dynamic supply, which is influenced by how the changes in the crypto market affect DAI tokens. This happens due to the second function of MKR tokens that was mentioned above. The lack of a maximum supply cap means that MKR is an inflationary asset. Therefore, it may be more difficult to predict the long-term Maker price trends.

So, how does it work?

As a stablecoin, the DAI value is backed by collateral. Other crypto assets that users deposit into Ethereum-based vaults when creating new DAI tokens serve as the collateral backing DAI.

In times of crypto market price declines, the quantity of crypto that is kept in these vaults may not be enough to fully collateralize DAI. To solve that, the Maker Protocol takes a vault that is insufficient and starts an automatic liquidation of its funds. 

Then, the Maker uses the collected revenue to pay the debts associated with that certain vault. Following that, new MKR tokens are created to compensate for any shortfalls in DAI generated during the liquidation. Essentially, this boosts the total supply and affects the MKR price.

On the other hand, when the quantity of DAI generated by the auctions is above the required threshold, the Maker protocol employs a buy-back-and-burn mechanism for MKR tokens. In essence, the Maker buys a portion of MKR tokens and burns them immediately. This way, the token supply decreases.

However, additional MKR tokens are not mineable and can only be issued for recapitalization. Nevertheless, you can always buy MKR tokens on various exchanges. Just keep in mind that the Maker price is prone to fluctuate.

What's Maker trading volume in the last 24 hours?

MKR has a trading volume of $92,593,460 in the last 24 hours.

What's Maker highest price ever?

MKR has a highest price of $6,339.02, which was reached on May 03, 2021 (2 years 9 months ago).

What's Maker lowest price ever?

MKR has a lowest price of $21.06, which was reached on Jan 30, 2017 (7 years 4 weeks ago).

What are the best exchanges for buying and selling MKR?

Currently, the most active and dominating exchanges for buying and selling Maker are Binance, Kraken & Kucoin. The most popular Maker trading pairs are MKR/USDT (on Binance ), MKR/WETH (on Uniswap (V3) ), MKR/USDT (on Huobi Global ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping MKR?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Maker. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Pages Related to Maker

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Maker project's Circulating Supply has been verified and is equal to:

Circulating Supply

923,281 MKR

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of Maker is $2,141.92

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