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.
Buy Maker
Trading Insights
Buyer Ratio
Traders
219
-11.34%
Buyers
86
3.61%
Sellers
140
-17.16%
Searched
347
Market Stats
Market Cap
Not enough data
FDV
£1.34B
Circ. Supply
Not enough data
Max Supply
1M MKR
Total Supply
871K MKR
Total Value Locked
£4.49B
Diluted Valuation
£213.95M
Performance
Popularity
#3,586
Dominance
Not enough data
Volume (24H)
£4.08M
34.01%
Volume (7D)
£33.86M
Volume (30D)
£76.29M
All time high
£4.73K
Price Change (1Y)
6.03%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Maker has decreased by 0.31% in the last hour and decreased by 1.82% in the past 24 hours. Maker’s price has also fallen by 9.83% in the past week. The current price is £1,239.44 per MKR with a 24-hour trading volume of £4.08M. Currently, Maker is valued at 73.77% below its all time high of £4,726.02. This all-time high was the highest price paid for Maker since its launch.
The current circulating supply of Maker is 0 MKR which means that Maker has as total market cap of £0.00.
Market details
MKR vs markets
↘ 42.71%
MKR vs BTC
↘ 41.61%
MKR vs ETH
↘ 38.84%
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 | £1,239.44 | ↘ 1.82% |
1 Day | £1,269.49 | ↘ 1.82% |
1 Week | £1,373.21 | ↘ 9.83% |
1 Month | £1,216.70 | ↗ 2.79% |
1 Year | £1,189.09 | ↗ 6.03% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Maker (MKR) is a governance token associated with the MakerDAO and Maker Protocol, both of which are built on the Ethereum blockchain. The primary function of Maker is to manage DAI, a decentralized cryptocurrency that aims to maintain a stable value closely tied to the US dollar. MKR tokens do not provide dividends to their holders, but they do grant voting rights over the development of the Maker Protocol. The value of MKR tokens may fluctuate based on the performance of DAI. The Maker ecosystem is a project in the decentralized finance (DeFi) space, which seeks to create decentralized financial products on smart-contract-enabled blockchains like Ethereum.
Maker operates by allowing its token holders to participate in the governance of DAI. Every holder of Maker tokens has the right to vote on various changes to the Maker Protocol, with their voting power proportional to the size of their MKR stake. Some of the aspects of the protocol that holders can vote on include adding new collateral asset types to the protocol, amending the risk parameters of existing collateral asset types, changing the DAI Savings Rate, choosing the oracles, and implementing upgrades to the platform. The ability to participate in the management of one of the stablecoins on the market may influence the demand for MKR tokens.
Maker's primary use case is to provide a decentralized governance system for the DAI stablecoin. By holding MKR tokens, users can participate in the decision-making process that shapes the future of the Maker Protocol. This includes voting on potential upgrades, selecting trusted oracles, and deciding on risk parameters for different collateral types. Additionally, the Maker Protocol allows users to generate DAI by depositing collateral assets into Maker Vaults. This provides a way for users to access liquidity, making Maker a component in the broader DeFi ecosystem.
MakerDAO, the first entity within the larger Maker ecosystem, was established in 2015 by Rune Christensen, a Danish entrepreneur. Christensen, who holds a degree in biochemistry from Copenhagen University and studied international business at the Copenhagen Business School, co-founded and managed the Try China international recruiting company prior to creating MakerDAO. The Maker project was conceived in 2015 and fully launched in December 2017. It was one of the early projects in the DeFi space and has since played a role in the growth and development of decentralized finance.
We update our Maker to GBP currency in real-time. Get the live price of Maker on Coinbase.
The current market cap of Maker is £0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Maker is £4,726.02. 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 £4.08M.
Assets that have a similar market cap to Maker include Aave MKR V2, EAGLE COIN, Grayscale, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Maker is 0.
Maker ranks 42 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.
Yes, Maker is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Maker guide.
Maker news
Trending articles
Social stats
Popularity in posts
#874
Contributors
5,847
Posts
9,981
% About Maker
0.033%
Articles
74
Hold times
0 days
X (Twitter)
51.18% bullish
Sentiment
4.0 ★
Highlights
5,847 unique individuals are talking about Maker and it is ranked #874 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 80 out of 5. Finally, Maker is becoming less newsworthy, with 74 news articles published about Maker.
On Twitter, people are mostly bullish about Maker. There were 69.98% of tweets with bullish sentiment compared to 36.72% of tweets with a bearish sentiment about Maker. 30.02% of tweets were neutral about Maker. These sentiments are based on 1035 tweets.
On Reddit, Maker was mentioned in 64 Reddit posts and there were 21084 comments about Maker. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Maker calculator
Related assets
Discover popular crypto to currency conversions
Discover currency conversions
Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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.