About Maker
Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
Happening now
AI generated 21h ago
MKR dropped ↘3% by Friday afternoon, underperforming DeFi leaders like CVX.
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Trading Insights
Buyer Ratio
Traders
253
-39.04%
Buyers
76
-6.17%
Sellers
182
-46.15%
Searched
363
Market Stats
Market Cap
Not enough data
FDV
ARS 2.55T
Circ. Supply
Not enough data
Max Supply
1M MKR
Total Supply
871K MKR
Total Value Locked
ARS 9.13T
Diluted Valuation
ARS 453.58B
Performance
Popularity
#3,590
Dominance
Not enough data
Volume (24H)
ARS 7.84B
-2.97%
Volume (7D)
ARS 77.03B
Volume (30D)
ARS 212.51B
All time high
ARS 9.65M
Price Change (1Y)
8.23%
Additional details
Market details
MKR vs markets
↘ 42.27%
MKR vs BTC
↘ 40.87%
MKR vs ETH
↘ 36.74%
Tags
store-of-value
defi
dao
governance
+5
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x9f8F72aA9304c8B593d555F12eF6589cC3A579A2 | |
Avalanche C-Chain | 0x88128fd4b259552A9A1D457f435a6527AAb72d42 | |
BNB Smart Chain | 0x5f0Da599BB2ccCfcf6Fdfd7D81743B6020864350 | |
Arbitrum | 0x2e9a6Df78E42a30712c10a9Dc4b1C8656f8F2879 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 2,585,995.80 | ↘ 4.30% |
1 Day | ARS 2,675,677.50 | ↘ 4.30% |
1 Week | ARS 2,564,241.78 | ↘ 5.50% |
1 Month | ARS 2,131,540.75 | ↗ 6.46% |
1 Year | ARS 1,636,706.25 | ↗ 8.23% |
Coinbase insights
Happening now
AI generated 21h ago
MKR dropped ↘3% by Friday afternoon, underperforming DeFi leaders like CVX.
Market Position
•
Weekly performance trails DeFi category average, falling behind ETHFI's ↗7% gains
•
Trading volume plummeted ↘53%, ranking among lowest DeFi protocols for activity
•
Yearly gains of ↗15% remain well below DeFi category average ↗82%
Latest Stories
•
Vote open to penalize MKR-to-SKY conversion delays with quarterly escalating fees. Source↗
Recent trends
The latest MKR price is ARS 2,585,995.80. Compared to Maker's value of ARS 2,675,677.50 from 24 hours ago, there's been a -4% decrease, while the current price is -5% down from ARS 2,564,241.78 which was recorded one week ago. Maker's all time high is ARS 9,651,588.56, which was reached on May 3, 2021. This is a -73% change from its price today.
The fully diluted valuation of Maker is ARS 2.55T. The diluted valuation of Maker is ARS 2.55T.
Maker had 76 buyers, 182 sellers and total 253 trades in the last 24h. Maker was searched 363 times in the last 24h.
FAQ
Maker (MKR) is a governance token linked to MakerDAO and the Maker Protocol, both built on the Ethereum blockchain. Its primary role is to facilitate the management of DAI, a decentralized stablecoin designed to maintain a value close to the US dollar. While MKR tokens do not yield dividends, they grant holders voting rights over decisions related to the Maker Protocol's development and risk management. The token's value can fluctuate based on DAI's performance and the broader dynamics of the decentralized finance (DeFi) ecosystem, where Maker plays a key role in offering decentralized financial solutions on smart contract platforms.
Maker enables MKR token holders to participate in the governance of the Maker Protocol, specifically in managing the DAI stablecoin. Voting power is proportional to the amount of MKR held, allowing users to vote on key decisions such as adding new collateral types, adjusting risk parameters, selecting oracles, modifying the DAI Savings Rate, and approving protocol upgrades. By influencing these governance aspects, MKR holders contribute to the stability and evolution of the Maker ecosystem. The governance model ensures that the protocol remains decentralized and responsive to the needs of its community.
Maker's primary use case is to provide a decentralized governance framework for the DAI stablecoin, enabling token holders to participate in key decision-making processes. This includes voting on protocol upgrades, adjusting risk parameters, and selecting reliable oracles. The Maker Protocol also allows users to generate DAI by depositing collateral assets into Maker Vaults, offering a way to access liquidity without traditional financial intermediaries. This positions Maker as a crucial component of the DeFi ecosystem, supporting a range of applications from decentralized lending to automated financial services.
MakerDAO, the organization behind the Maker ecosystem, was founded in 2015 by Danish entrepreneur Rune Christensen. Prior to creating MakerDAO, Christensen co-founded Try China, an international recruiting firm, and studied biochemistry at Copenhagen University and international business at Copenhagen Business School. The Maker Protocol was officially launched in December 2017, making it one of the pioneering projects in the DeFi space. Since its inception, Maker has played a significant role in shaping decentralized finance, contributing to the development of stablecoins and governance models that have influenced the broader blockchain industry.
We update our Maker to ARS currency in real-time. Get the live price of Maker on Coinbase.
The current market cap of Maker is ARS 0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Maker is ARS 9,651,588.56. This all-time high is highest price paid for Maker since it was launched.
Over the last 24 hours, the trading volume of Maker is ARS 7.84B.
Assets that have a similar market cap to Maker include Aave MKR V2, SHIB ON SOLANA, [Fake] PUMP FUN, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Maker is 0.
Maker ranks 43 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 91% of Coinbase users are buying Maker. In other words, 91% of Coinbase customers have increased their net position in Maker over the past 24 hours through trading.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Maker news
Trending articles
Social stats
Popularity in posts
#678
Contributors
5,859
Posts
9,977
% About Maker
0.039%
Articles
68
Hold times
0 days
X (Twitter)
56.15% bullish
Sentiment
3.9 ★
Highlights
5,859 unique individuals are talking about Maker and it is ranked #678 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Maker has an average sentiment score of 77 out of 5. Finally, Maker is becoming less newsworthy, with 68 news articles published about Maker.
On Twitter, people are mostly bullish about Maker. There were 67.67% of tweets with bullish sentiment compared to 20.52% of tweets with a bearish sentiment about Maker. 32.33% of tweets were neutral about Maker. These sentiments are based on 1014 tweets.
On Reddit, Maker was mentioned in 58 Reddit posts and there were 20720 comments about Maker. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.