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 9h ago
Following a significant change in its governance structure, investors are now watching whether MKR can reverse its trend of underperforming the broader DeFi market.
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Trading Insights
Buyer Ratio
Traders
173
18.49%
Buyers
65
8.33%
Sellers
115
26.37%
Searched
452
Market Stats
Market Cap
Not enough data
FDV
ARS 2.58T
Circ. Supply
Not enough data
Max Supply
1M MKR
Total Supply
871K MKR
Total Value Locked
ARS 8.84T
Diluted Valuation
ARS 288.19B
Performance
Popularity
#3,706
Dominance
Not enough data
Volume (24H)
ARS 4.54B
8.02%
Volume (7D)
ARS 34.25B
Volume (30D)
ARS 128.58B
All time high
ARS 9.04M
Price Change (1Y)
-13.93%
Additional details
Market details
MKR vs markets
↘ 33.96%
MKR vs BTC
↘ 27.17%
MKR vs ETH
↘ 18.15%
Tags
store-of-value
defi
dao
governance
+4
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x9f8F72aA9304c8B593d555F12eF6589cC3A579A2 | |
Avalanche C-Chain | 0x88128fd4b259552A9A1D457f435a6527AAb72d42 | |
BNB Smart Chain | 0x5f0Da599BB2ccCfcf6Fdfd7D81743B6020864350 | |
Arbitrum | 0x2e9a6Df78E42a30712c10a9Dc4b1C8656f8F2879 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 1,875,306.58 | ↗ 0.41% |
1 Day | ARS 1,854,389.25 | ↗ 0.41% |
1 Week | ARS 1,751,682.98 | ↗ 8.07% |
1 Month | ARS 2,052,091.43 | ↘ 5.39% |
1 Year | ARS 1,732,230.00 | ↘ 13.93% |
Coinbase insights
Happening now
AI generated 9h ago
Following a significant change in its governance structure, investors are now watching whether MKR can reverse its trend of underperforming the broader DeFi market.
MKR sees short-term gains but lags on longer timelines
The price of MKR increased by
↗4%
over the last 24 hours. However, this gain contrasts with its performance over the past month, where it fell
↘9%
while the average DeFi token grew
↗16%
.
A quarter of MKR supply moves to a new token
A recent development in the project's ecosystem saw 26% of the MKR supply migrate to the SKY governance token as part of an update to the SKY Protocol
.
Recent trends
The latest MKR price is ARS 1,875,306.58. Compared to Maker's value of ARS 1,854,389.25 from 24 hours ago, there's been a 0% increase, while the current price is 8% up from ARS 1,751,682.98 which was recorded one week ago. Maker's all time high is ARS 9,044,369.41, which was reached on May 3, 2021. This is a -79% change from its price today.
The fully diluted valuation of Maker is ARS 2.58T. The diluted valuation of Maker is ARS 2.58T.
Maker had 65 buyers, 115 sellers and total 173 trades in the last 24h. Maker was searched 452 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.
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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
#1655
Contributors
0
Posts
0
% About Maker
0.013%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
4.2 ★
Highlights
0 unique individuals are talking about Maker and it is ranked #1,655 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 4.2 out of 5. Finally, Maker is becoming less newsworthy, with 0 news articles published about Maker.
On Reddit, Maker was mentioned in 0 Reddit posts and there were 0 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.