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 15h ago
Following a recent price increase, market observers are watching how MKR navigates a major token upgrade and a decline in trading activity.
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Buyer Ratio
Traders
146
2.82%
Buyers
60
-3.23%
Sellers
91
9.64%
Searched
419
Market Stats
Market Cap
Not enough data
FDV
€1.60B
Circ. Supply
Not enough data
Max Supply
1M MKR
Total Supply
871K MKR
Total Value Locked
€5.44B
Diluted Valuation
€176.21M
Performance
Popularity
#3,704
Dominance
Not enough data
Volume (24H)
€2.61M
1.13%
Volume (7D)
€16.53M
Volume (30D)
€78.08M
All time high
€5.53K
Price Change (1Y)
-13.84%
Additional details
Market details
MKR vs markets
↘ 37.66%
MKR vs BTC
↘ 28.08%
MKR vs ETH
↘ 19.44%
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 | €1,146.75 | ↗ 7.05% |
1 Day | €1,073.09 | ↗ 6.86% |
1 Week | €1,126.64 | ↗ 2.16% |
1 Month | €1,383.42 | ↘ 17.18% |
1 Year | €1,444.14 | ↘ 13.84% |
Coinbase insights
Happening now
AI generated 15h ago
Following a recent price increase, market observers are watching how MKR navigates a major token upgrade and a decline in trading activity.
MKR shows short-term price strength
The price of MKR increased by
↗6%
over the last 24 hours, outpacing the broader market's
↗2%
gain. This daily performance comes after the asset experienced a
↘19%
decline over the past month.
A major token upgrade is underway
According to a report from The Defiant, 26% of MKR tokens have been migrated to the new SKY protocol
governance token. Additionally, The Block reports that a
votehas been opened to encourage remaining holders to complete the conversion.
Trading activity has decreased
Daily trading volume for MKR fell by
↘8%
, which placed it 18th out of 19 DeFi protocols for recent activity. However, this decline was less severe than the overall market's
↘28%
drop in volume during the same period.
Recent trends
The latest MKR price is €1,146.75. Compared to Maker's value of €1,073.09 from 24 hours ago, there's been a 7% increase, while the current price is 2% up from €1,126.64 which was recorded one week ago. Maker's all time high is €5,525.00, which was reached on May 3, 2021. This is a -79% change from its price today.
The fully diluted valuation of Maker is €1.6B. The diluted valuation of Maker is €1.6B.
Maker had 60 buyers, 91 sellers and total 146 trades in the last 24h. Maker was searched 419 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.