Arbitrum Ecosystem

Ethena Ecosystem

Ethereum Ecosystem

Near Ecosystem

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.<h3>What are MakerDAO’s key features and how does it work?</h3>MakerDAO makes use of two tokens, these are MKR and DAI. DAI is fully backed stable while MKR is a governance token.&nbsp;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.&nbsp;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.

Founders & Project

Team

Seed Round 1

Seed Round 2

Seed Round 3

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.<h3>What are MakerDAO’s key features and how does it work?</h3>MakerDAO makes use of two tokens, these are MKR and DAI. DAI is fully backed stable while MKR is a governance token.&nbsp;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.&nbsp;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.<h3>Where can you buy MKR?</h3>MKR can be bought on the exchanges:<ul><li>Coinbase;</li><li>Binance;</li><li>Okex;</li><li>Kucoin.</li></ul>

Maker

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

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

You need to click on the button below and start the opened bot

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Share Chart Screen

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Comprehensive analysis of %coinname% price dynamics, quarterly returns, and annual trends in dollars. Our detailed research unveils dynamic interconnections between %coinname% and the US dollar, providing valuable insights based on current data.

%coinname% Analytics: Price Dynamics, Quarterly Returns, and Annual Price Changes in USD

Period	Change	Change (%)	High	Low
24H	-$ 60.66	-4.14%	$ 1,475	$ 1,375
7D	-$ 11.28	-0.80%	$ 1,515	$ 1,338
14D	$ 76.64	+5.77%	$ 1,823	$ 1,267
30D	$ 111.93	+8.66%	$ 1,823	$ 1,057
3M	-$ 589.97	-29.6%	$ 2,099	$ 1,057
6M	-$ 162.53	-10.4%	$ 2,099	$ 1,057
YTD	$ 44.34	+3.26%	$ 2,099	$ 1,057
1Y	-$ 614.53	-30.4%	$ 2,391	$ 969.90
3Y	$ 334.83	+31.3%	$ 4,062	$ 845.27

MakerMKR

Maker Analytics

Maker Closing Price (USD) - Quarterly

maker Monthly Returns (USD)

MKR - USD Price Change

Maker Annual Price (USD) Change