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Maker

MakerMKRPrice $ 1,534

Rank: 48

1351 Watchlists

DeFi

MKR Price

1,534
0.78%
(-$ 12.09)
Price Range
LowHigh
$ 1,532$ 1,560

General Info

Contracts:

Explorers

Description

MakerDAO is an Ethereum-based protocol that facilitates collateral-backed loans without the need for a middleman

MakerDAO is an Ethereum-based protocol that facilitates collateral-backed loans without the need for a middleman

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Maker (MKR) Chart

The Maker to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

MKR Price Statistics

    Market Cap

    $ 1.41B

    Ƀ 36.31K

    FDMC

    $ 1.54B

    ATH Market Cap

    $ 5.67B

    24h Trade Volume

    $ 41.39M

    Ƀ 1.07K

    Vol (24h) / MCap

    0.0293

    Circ. Supply

    MKR 918.47K

    91.34%

    Total Supply

    MKR 977.63K

    Max Supply

    MKR 1.01M

    All Time High

    $ 6.29K

    03 May 2021

    From ATH

    75.6%

    From ATL

    794.3%

MKR to USD Converter

SEED ENDED:

In the Past

Price

$ 250.00

ROI

6.14x (+513.7%)

ATH ROI

25.17x (+2,417%)

Raise

$ 15,000,000

Tokens For Sale

60,000

Maker Monthly Returns (USD)

Maker Quarterly Returns (USD)

Maker Closing Price (USD) - Quarterly

MKR - USD Price Change

PeriodChangeChange (%)HighLow
24H-$ 12.09-0.78%$ 1,560$ 1,532
7D$ 76.24+5.23%$ 1,560$ 1,434
14D$ 190.74+14.2%$ 1,560$ 1,319
30D$ 170.74+12.5%$ 1,560$ 1,258
3M$ 395.09+34.7%$ 1,625$ 1,073
6M$ 859.78+127.5%$ 1,625$ 546.02
YTD$ 1,020+198.3%$ 1,625$ 502.67
1Y$ 888.12+137.4%$ 1,625$ 502.67
3Y$ 974.56+174.1%$ 6,292$ 475.88

Maker Annual Price (USD) Change

What is Maker (MKR)?

MakerDAO is an Ethereum-based protocol that facilitates collateral-backed loans without the need for a middleman. Since its launch, it has gained widespread use and its DeFi integration has made MakerDAO one of the most operational protocols across the crypto ecosystem.

MakerDAO is made up of a smart contract service that manages borrowing and lending. It has two currencies, DAI and MKR, that are used to regulate the value of loans.

What are MakerDAO’s key features and how does it work?

MakerDAO makes use of two tokens, these are MKR and DAI. DAI is fully backed stable while MKR is a governance token. 

DAI is an ERC20 token on the Ethereum blockchain that is soft pegged to the US dollar. Also on other chains now It is designed to provide an alternative to more volatile cryptocurrencies. When a loan is taken out on MakerDAO, DAI is created. It is the currency that users can borrow and then pay back at a later date.

The Maker (MKR) token was created by MakerDAO. Its main function is to govern Maker protocol. Traditional stablecoins use reserves of fiat currencies, or in some cases gold, to peg a cryptocurrency in order to keep it stable.

MKR is also used in the Dai system governance. MKR tokens are used by its holders to vote on changes to the MakerDAO protocol. However, anyone with an Ethereum address can submit a proposal to change the protocol, even if they do not own any MKR.

DAI is issued when buyers purchase a smart contract-based collateralized debt position (CDP), which is very similar to a traditional loan. CDPs are bought with ETH and DAI is given in return, as such, ETH acts as the collateral to the loan. 

In essence, the system means that individuals can get a loan against their ETH. Upon repayment of the loan, the DAI is “burned” or destroyed.

Where can you buy MKR?

MKR can be bought on the exchanges:

  • Coinbase;
  • Binance;
  • Okex;
  • Kucoin.

Maker Price Today

Maker's current price is $ 1,534, it has dropped -0.78% over the past 24 hours.

Maker's All Time High (ATH) of $ 6,292 was reached on 3 May 2021, and is currently -75.6% down.

The current circulating supply of Maker is 918.47 Thousands tokens, and the maximum supply of Maker is 1.01 Million.

Maker’s 24 hour trading volume is $ 41.39 Million.

Maker's current share of the entire cryptocurrency market is 0.09%, with a market capitalization of $ 1.41 Billion.

You can find more details about Maker on its official website and on the block explorer.

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