$1,876.60 (4.55% 1D Change)
Market Overview
Maker (MKR) is currently priced at $1,876.60**, with a 24-hour trading volume of **$47.97M. The circulating supply stands at 470.58K MKR, against a maximum supply of 1,005.58K MKR. While its market rank is currently unavailable, its fully diluted valuation reaches $882.69M.
Key Stats:
- 24-Hour Range: $1,867.51 (Low) – $1,992.61 (High)
- Trading Volume (24h): $47.97M
- All-Time High: $6,292.31 (70.26% below current price, achieved on May 3, 2021)
- All-Time Low: $168.36 (1011.54% above current price, recorded on March 16, 2020)
👉 Track real-time MKR price movements
What Is Maker (MKR)?
Maker is a decentralized smart contract platform that operates alongside the Dai stablecoin. It aims to provide a volatility-resistant cryptocurrency option for traders and users. Key features:
- Transparent Stablecoin System: Built on the Ethereum blockchain.
- Governance Token: MKR holders vote on platform upgrades.
- Collateral-Backed: MKR stabilizes Dai’s value pegged to $1 USD.
Founding & Team:
- Launched on December 18, 2017, by MakerDAO.
- Founded by Rune Christensen.
How Maker Works
- Stability Mechanism: MKR tokens are created/burned to balance Dai’s price.
- Governance: MKR holders vote on critical decisions (e.g., fee adjustments).
Use Cases:
- Paying transaction fees within the Maker ecosystem.
- Collateralizing the Dai stablecoin.
👉 Explore MKR’s governance structure
FAQ Section
Q1: What drives Maker’s price?
A: Demand for Dai, governance activity, and overall crypto market trends.
Q2: How is MKR different from Dai?
A: MKR is a governance token with variable value, while Dai is a stablecoin pegged to $1 USD.
Q3: Can MKR be mined?
A: No. MKR is minted/burned algorithmically to stabilize Dai.
Q4: Where can I buy MKR?
A: Major exchanges like OKX, Binance, and Coinbase.
Why Invest in Maker?
- Decentralized Governance: Community-driven upgrades.
- Stablecoin Utility: Dai is widely used in DeFi.
- Hedge Potential: MKR’s value may rise with increased Dai adoption.
Tip: Always DYOR (Do Your Own Research) before investing.
Disclaimer
Cryptocurrency investments involve risk. This content is for informational purposes only and does not constitute financial advice.
**Notes:**