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Maker

Maker MKR Price $ 2,398

Rank: 46

2599 Watchlists

DeFi

MKR Price

2,398
0%
($ 0.000403)
Price Range
LowHigh
$ 2,360$ 2,509

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

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

Maker (MKR) Chart

Maker price Index provides the latest MKR price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

MKR to USD Converter

Maker (MKR)MKR

MKR Price Statistics

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Market Cap

$ 2.23B

Fully diluted value

FDV

$ 2.41B

ATH Market Cap

$ 5.67B

24 Trade Vol.

$ 66.23M


Vol. (24h) / MCap

0.0297

Max Supply

MKR 1,005,577

Total Supply

MKR 977,631

Circulating Supply

MKR 928.67K

(92.4% of Max Supply)

Listing Date

20 Nov 2017

All Time High

$ 6,292

3 May 2021


All Time Low

$ 171.57

16 Mar 2020


From ATH

61.9%

From ATL

1,298%

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 $ 2,398, it has increased +0% over the past 24 hours.

Maker's All Time High (ATH) of $ 6,292 was reached on 3 May 2021, and is currently -61.9% down.

The current circulating supply of Maker is 928.67 Thousands tokens, and the maximum supply of Maker is 1.01 Million.

Maker’s 24 hour trading volume is $ 66.23 Million.

Maker's current share of the entire cryptocurrency market is 0.09%, with a market capitalization of $ 2.23 Billions.

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

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