Maker Price
(MKR)
USD($)
Maker (MKR) Live Price Chart
Overview
About
Analysis
FAQ
Maker Live Price Data
The live price of Maker is $1,691.73, with a total trading volume of $ 904,130 in the last 24 hours. The price of Maker changed by +5.31% in the past day, and its USD value has decreased by -17.41% over the last week. With a circulating supply of 891,103 MKR, the market cap of Maker is currently 1.52B USD, marking a --% increase today. Maker currently ranks #53 in market cap.
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Note: This data is for reference only.
Maker(MKR) Profile
Rank53
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Website
Documentation
Explorer
Contract
- Ethereum 0x9f8f72...9a2
- BNB Smart Chain (BEP20) 0x5f0da5...350
- Avalanche C-Chain 0x88128f...d42
Audited By
- https://security.makerdao.com/audit-reports
Code & Community
Investors
- a16z (Andreessen Horowitz)
- Paradigm
- Dragonfly
- Polychain Capital
- IOSG Ventures
- 1 Confirmation
- SNZ Holding
- M31 Capital
- Placeholder
- Standard Crypto
$1,490.75
$1,740.12
- ATH
- $6,336.48
- Price Change (1h)
- -2.33%
- Price Change (24h)
- +5.31%
- Price Change (7d)
- -17.41%
- Market Cap
- $1.52B
- 24h Volume
- $904,130
- Circulating Supply
- 891,103
- Max Supply
- 1,005,577
About MKR
How can I buy Maker (MKR)?
Buying MKR on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Maker (MKR) for more information. What is Maker (MKR) Crypto?
Maker (MKR) is the governance token of the Maker Protocol, the issuer of the leading stablecoin. MKR holders enjoy rights to participate in MakerDAO governance, gaining voting rights on policies related to the DAI coin, collateral types, and overall operations of the DeFi platform.
The MKR is an ERC-20 token designed on the Ethereum blockchain. Some of the critical decisions the Maker community votes on include updates to parameters such as Stability Fees, DSR, and Debt Ceilings, as well as non-technical decision-making related to the platform.
The Maker Protocol is a well-established decentralized autonomous organization (DAO), reflecting the true success of the power of DeFi. The MKR token is the key to driving engagement among the Maker community, encouraging token holders to have a say in how the protocol operates and manages DAI, a collateral-backed stablecoin.
MKR token holders are the stakeholders of the MakerDAO and are responsible for on-chain governance. As primary participants making up the Maker community, these users participate in voting through this on-chain governance system, contributing to how the Maker Protocol’s policy shapes up and evolves. Maker Protocol also depends on its community to vote on Governance Polls, seeking consensus on proposals for updating the platform or policy.
History of MakerDAO and Maker Crypto
Rune Christensen established the Maker Protocol as a peer-to-peer, decentralized lending platform on Ethereum. The MakerDAO concept was devised by the Maker team in 2015 and launched in December 2017.
The Maker Foundation was initially tasked with developing and decision-making responsibilities around the project. In 2021, it started the process of its dissolution in the spirit of enabling true decentralization via MakerDAO.
It initially offered a platform where crypto investors could receive over-collateralized loans by locking their ETH holdings and minting Dai tokens in exchange. The DAI enjoys a soft peg to the US dollar and can be used as a payment method or invested in DeFi platforms to earn passive income.
The Maker system initially had a single-collateral Dai (SCD) backed by collateral in Ether. In November 2019, MakerDAO transitioned to multi-collateral Dai (MCD), supported by collateral in Ether and Basic Attention Token (BAT). Since then, more digital assets have been voted on and approved by MakerDAO as collateral to back MCD.
The Maker token was designed as an ERC-20 token on the Ethereum blockchain, offering a way to manage the Maker Protocol and MakerDAO. MKR tokens allowed users to participate in the platform’s governance and form part of the Maker Treasury.
How Does MakerDAO Work?
MakerDAO is a decentralized platform governed by its community of MKR token holders. It was set up to drive financial stability and transparency within the global economy.
MakerDAO is responsible for generating Dai stablecoins using smart contracts. The Maker Protocol is one of the oldest, largest, and most established DeFi protocols in the world and has the distinction of being one of the most popular Ethereum-based dApps.
MakerDAO uses digital assets as collateral locked into the Maker Protocol through smart contracts. This collateral can be audited and is completely visible to the public. The collateral thus locked in the Maker Protocol is then used to generate DAI stablecoin tokens.
Since DAI is backed by extra collateral, its peg to the US dollar is maintained even during extreme volatility in the crypto market. The over-collateralized feature makes it possible for MakerDAO to ensure that severe price fluctuations of digital assets do not impact the price-stability mechanism of DAI.
Maker (MKR) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $84.1 | 5.24% |
| 7 Days | $-336.93 | -16.48% |
| 30 Days | $181.68 | 11.90% |
| 3 Months | $489.14 | 40.14% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Maker Conversion Rate
FAQ
How much is 1 Maker (MKR) worth?
KuCoin provides real-time USD price updates for Maker (MKR). Maker price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time MKR to USD exchange rates. What are the Use Cases of Maker (MKR)?
The Maker token has several uses within the Maker Protocol and MakerDAO and outside the platform. Let’s take a look at some of the use cases for MKR:
Governance Token
The MKR is the governance token of the MakerDAO. Token holders participate in the governance process of the Maker Protocol, deciding on the types of collateral that can back DAI, adjusting the protocol’s policy, and more.
Recapitalization Source
MKR is also used for recapitalization whenever the Maker Protocol experiences a deficit in operating. In such instances, the MakerDAO dilutes the supply of the MKR token. The MakerDAO system also destroys MKR tokens by auctioning DAI from Maker Protocol’s excess surplus, offering higher incentives to MKR holders to participate in the decentralized governance process.
Crypto Asset to Trade and HODL
As a native token of MakerDAO and Maker Protocol, one of the oldest DeFi projects in the industry, the MKR token enjoys high demand among crypto traders and investors worldwide. You can buy or sell MKR or hold it long-term if you believe in the potential of the Maker ecosystem. Check the current Maker price, MKR market cap, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the MKR price chart before placing a new trade.
Earn Passive Income
In addition to participating in governance via MakerDAO and earning incentives, KuCoin offers a risk-free and convenient way to grow your crypto holdings through MKR. Head to our Crypto Lending section to lend liquidity in MKR to the exchange and earn more MKR attractive daily interest over seven days, 14 days, or 28 days.
Is Maker (MKR) a Good Investment?
MKR is the governance token of one of the most popular DeFi platforms on Ethereum, making it a popular digital asset to invest in. As one of the top 50 cryptocurrencies by market capitalization, it is backed by a stellar reputation of the project and the popular DAI stablecoin, which enjoys high usage, especially among DeFi investors.
The MKR price could experience an uptrend amid the rising adoption of DAI and increased participation within the Maker community. As a result, the Maker token could be considered a worthy investment to include in your portfolio.
In addition to an uptick in using stablecoins in general and DAI in particular, a higher interest in DeFi could also increase the MKR price. As the token of one of the world’s biggest and oldest DeFi projects, the MKR price statistics could enjoy considerable support from a higher interest in decentralized finance, especially among mainstream and institutional investors.
Finally, the Maker price could also tick higher amid a bullish sentiment in the crypto market. When there is more buying interest in digital assets among investors, all tokens across the board turn more valuable as investor confidence in the market increases.
What is the Total Supply of Maker (MKR) Token?
At the time of MakerDAO’s launch, 1 million MKR tokens were created. Since then, the DAO generates or destroys MKR tokens based on various factors.
Since MKR functions as the recapitalization source for the Maker Protocol, its community votes to destroy tokens and adjust its circulating supply whenever there is a deficit in collateral backing the DAI coin. On the other hand, the total supply is diluted by creating new MKR tokens whenever there is an excess supply of DAI in the market.
As of July 2022, the circulating supply of MKR coins stands at just over 977,000 tokens. The max supply of the cryptocurrency stands at a little more than 1 million. You can find the most updated information on MKR circulating supply on Etherscan.
How to Make Money With Maker (MKR) Coin
There are many ways to grow your crypto portfolio by investing in Maker coins. Here are some of them:
Trade MKR
Buy or sell Maker token against other crypto assets based on the price action in the crypto market. However, trading MKR requires a considerable understanding of fundamental, technical, and sentiment analysis if you wish to increase the likelihood of placing successful orders and reducing losses. It can also be risky due to the inherently volatile nature of the crypto market.
Hold MKR
The MKR crypto has increased in value over the years as the Maker Protocol and its DAI stablecoin become increasingly popular among crypto investors. You can buy and hold MKR long-term to reap the rewards.
However, you must be patient to watch your crypto investment grow, as it could take time. You must also be willing to take risks as you could lose some value during bearish cycles or when the market experiences a correction temporarily.
Lend MKR
You can lend liquidity in MKR on KuCoin and other supported platforms to grow your crypto holdings risk-free and safe. Perform careful online research to find the best returns and most reputed platforms where you can lock in your MKR tokens in exchange for attractive returns.
Participate in MakerDAO Governance
As a community member, you can participate in the active governance of the Maker Protocol. Your votes can decide the profitability and contribute to the overall growth of the Maker ecosystem. Being proactive and engaged is a great way to make the Maker Protocol develop further, and in the process, you can make MKR even more valuable an asset.
Stake MKR
Some CeFi exchanges and DEXs offer the option to stake MKR on their platforms in exchange for APYs. Opt for the Stake and Earn feature on supported exchanges to stake your Maker tokens and earn attractive interests.
What is the all-time high price of Maker (MKR)?
The all-time high price of Maker (MKR) is $6,339.02. The current price of MKR is down 73.30% from its all-time high.
What is the all-time low price of Maker (MKR)?
The all-time low price of Maker (MKR) is $21.05. The current price of MKR is up 7,936.21% from its all-time low.
How much Maker (MKR) is there in circulation?
As of 12 21, 2024, there is currently 891,103 MKR in circulation. MKR has a maximum supply of 1,005,577.
What is the market cap of Maker (MKR)?
The current market cap of MKR is $1.52B. It is calculated by multiplying the current supply of MKR by its real-time market price of $1.52B.
How do I store Maker (MKR)?
You can securely store your Maker in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your MKR include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert FLOKI (FLOKI) to cash?
You can instantly exchange your FLOKI (FLOKI) for cash using KuCoin's Fast Trade feature. This feature enables you to convert FLOKI to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.