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Maker(MKR)

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$2,465.78
(3.07%)
0.03715999 BTC
Market Cap (Rank#45)
$2,289,891,161
34,509 BTC
Vol 24h
$47,693,378
718.752 BTC
Circulating Supply
928,666.40
Max Supply
1,005,577
1 day agocoindesk
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Congressman Patrick McHenry (R-N.C.) chairs the powerful House Financial Services Committee, and has been the leading Republican on the panel for years. Last year, he spent a few weeks as the Speaker Pro Tempore of the House of Representatives, after lawmakers voted to oust then-speaker Kevin McCarthy (R-Calif.). McHenry announced his retirement in December and will leave office when his term expires this coming January. He spoke virtually at Consensus 2024 in Austin at the end of May.
6 days agocoindesk
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Justin Sun Allegedly Deposits $21M In DeFi Tokens To Binance, Poised For Significant Profits
In the past 30 minutes, Justin Sun, the founder of TRON, allegedly deposited $21 million worth of four DeFi tokens to Binance. The tokens include:- 93,979 AAVE valued at $11.26 million 3,800 MKR valued at $9.3 million 4,178 COMP valued at $245,000 203,623 LQTY valued at $217,000 If Sun decides […]
12 days agocoindesk
Rune Christensen Explains Why He Wants to Remake Maker and Kill DAI
The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.
13 days agocoindesk
Medical Device Maker Semler Scientific Buys $17 Million More Bitcoin and Is Raising Money to Purchase More
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15 days agocoindesk
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21 day agocoindesk
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Rep. Patrick McHenry (R-N.C.) vowed the crypto industry won't have long to wait to get U.S. regulations, now that the U.S. House of Representatives has shown the way.
22 days agocoindesk
Medical Device Maker Semler Scientific Stock Rises 25% After $40M Bitcoin Investment
The company announced its Bitcoin treasury strategy Tuesday morning.
27 days agonulltx
Maker DAO’s Governance Token Sees Profit-Taking Amid Price Surge
The price of Maker DAO’s governance token, $MKR, has been on an upward trajectory recently, attracting significant attention from large investors. However, as the token’s value rose, some whales decided to take profits, leading to notable transactions in the past few hours. Recent Large $MKR Whale Sales and Transactions  Two […]
29 days agocoindesk
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29 days agonulltx
Here Are The Top 4 Altcoins The Largest Crypto Market Makers Are Currently Investing In
The investments of the largest crypto market makers are the best clues for selecting altcoins for crypto investment. This is why ETFSwap (ETFS), alongside Arkham (ARKM), Ethereum (ETH), and Gala (GALA), has been touted as the top 4 altcoins to invest in ahead of the bull run as major market […]
36 days agocoindesk
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The U.S. is holding its presidential election this fall. More than half a dozen other countries and bodies are likewise holding – or have held – elections this year. Some candidates and lawmakers have already addressed crypto, whether appealing to the industry or just commenting on the technology. The extent to which there is such a thing as a "crypto voter" remains unclear, but it is undeniable that there is a wave of attention directed at this industry.
51 day agonulltx
Maker DAO’s Governance Token MKR Plunges 11% As Whales Move Tokens To Exchanges
The governance token of the Maker DAO protocol, $MKR, faced a significant decline of up to 11% today, reflecting the ongoing volatility in the cryptocurrency market. Spotonchain, an on-chain analytics platform, provided insights into whale activity surrounding MKR tokens, revealing notable movements to centralized exchanges (CEX).  Whale address 0x09e/0xdbb made […]
56 days agonulltx
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Safe, previously known as Gnosis Safe, has emerged as a decentralized asset custody protocol, boasting a robust multi-signature wallet ecosystem across 14 networks and encompassing over 190 projects. The protocol garnered significant attention in July 2022 when it secured a substantial $100 million financing round led by 1kx, signaling strong […]
56 days agonulltx
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The unveiling of a moon teaser by the BlockDAG team has sparked newfound excitement in the crypto community, propelling the project’s liquidity target to an ambitious $100 million. This groundbreaking initiative comes at a pivotal moment as DAO Maker celebrates a remarkable 50% surge in price, outshining the recent decline […]
64 days agonulltx
Ethereum Layer 2 Solution $METIS Faces Steep Decline Amid Market Volatility
The Ethereum layer 2 scaling solution platform $METIS has experienced a further decline of 7% today, adding to its losses of 40% over the past 7 days. The platform’s performance reflects the ongoing volatility in the cryptocurrency market. Recent on-chain reports indicate that a suspected $METIS market maker address has […]
66 days agonulltx
DWF Labs Reports $8 Million In Gains From JasmyCoin Trading Since June 2023
DWF Labs, a prominent market maker and institutional investor in the cryptocurrency sphere, has disclosed impressive gains exceeding $8 million from trading JasmyCoin (JASMY) since June 2023. This revelation comes amidst a volatile market environment, with cryptocurrencies experiencing fluctuations in value. According to data sourced from Spotonchain, DWF Labs recently […]
68 days agonulltx
$MEME Memecoin Sees Solid Growth, Market Maker Recharges On Price Rise
In the past week, the memecoin $MEME has been on the upswing, experiencing a 14% gain over the course of seven days. Today, the momentum continues with a further 6% increase in price. Amidst this positive trend, the market maker address associated with $MEME, identified as 0xF0C…BC871, has taken action […]
72 days agonulltx
Maker DAO Token Experiences Slight Decline Amidst Whale Activity
Over the past week, Maker DAO’s native token, $MKR, has encountered a marginal decrease of up to 3%. This decline coincides with notable on-chain activity involving a prominent whale investor, identified as 0xa09. Recent data reveals that Whale 0xa09 recently deposited the remaining 1,488 MKR tokens, valued at $5.43 million, […]
133 days agocryptopotato
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Policymakers in the United States are growing weary over the lack of clarity from regulators on crypto assets.
139 days agocryptopotato
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[PRESS RELEASE – Hong Kong, Hong Kong, February 2nd, 2024] Wombat Exchange, a leading multi-chain and cross-chain single-sided stablecoin swap, published the first-ever single-sided Volatile Pool Automated Market Maker (AMM) algorithm in the decentralized finance (DeFi) space. This groundbreaking development marks a new era in DeFi, providing the very first oracle-less, user-friendly single-asset-deposit, and capital-efficient […]
142 days agocryptodaily
Web3Intelligence Raises $4.5M to Fuel Compliant Innovation in Digital Asset Space
Web3Intelligence, a digital asset platform helping users build wealth through decentralized finance, has successfully completed a $4.5 million private funding round, a statement from the team this Thursday reads. Several top blockchain firms participated in the capital round, including DAO Maker, Shima Capital, and Gate.io, among others.
148 days agocryptodaily
US Lawmakers Grill Meta About Crypto Plans
A team of United States lawmakers led by democratic representative Maxine Waters is putting pressure on Meta's upper management to open up about their plans regarding crypto and blockchain.

About Maker?

The live price of Maker (MKR) today is 2,465.78 USD, and with the current circulating supply of Maker at 928,666.40 MKR, its market capitalization stands at 2,289,891,161 USD. In the last 24 hours MKR price has moved 243.36 USD or 0.11% while 70,228,464 USD worth of MKR has been traded on various exchanges. The current valuation of MKR puts it at #45 in cryptocurrency rankings based on market capitalization.

Learn more about the Maker blockchain network and how it works or follow the price of its native cryptocurrency MKR and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in December 2017, Maker (MKR) cryptocurrency is an ERC-20 token that is used for the collective governance of MakerDAO, Maker Protocol and DAI stablecoin. Maker Protocol is a decentralized application (DApp) created on the Ethereum blockchain. It is used for minting DAI, a stablecoin soft-pegged to USD (at 1:1) that is ueed against crypto assets deposited into the protocol as collateral. 

MakerDAO, on the other hand, is an open-source Ethereum-based Decentralized Autonomous Organization (DAO), founded in 2014. It is responsible for the management of the Maker Protocol as well as the DAI stablecoin.

With a TVL (Total Value Locked) figure in the billions, MakerDAO is among the biggest DeFi platforms in the crypto space. It is supported by Maker Foundation, which bootstraps the MakerDAO system and makes sure that it functions and thrives as a fully decentralized organization. Both MakerDAO and Maker were founded by Rune Christensen, a Danish entrepreneur.

The main purpose of MKR token is to act as a governance tool and to ensure that DAI remains a transparent and efficient stablecoin at all times. MKR token holders vote on governance proposals for upgrades/changes to Maker Protocol, and the token per se acts as a source of recapitalization, whenever Maker Protocol runs a deficit.

MKR price

The MKR coin launch coincided with that of Maker ecosystem’s other token at the time, Single Collateral DAI (SCD), in December 2017. It witnessed sharp gains after release, and reached almost $1800 on Jan. 20, 2018, amid bullish market conditions. 

Thereafter, MKR price traded mostly within the range of $400 to $700 for the next 3 years and broke out of the $1,000 resistance after a long time on Jan. 7, 2021. Like most cryptocurrencies buoyed up by the broader market surge, MKR coin too rallied on to breach multiple resistance levels and recorded its all-time high of $6,347 on May 3, 2021. MKR’s fully diluted valuation stood at well over $6 billion at that point. A bearish phase followed, however, and MKR soon lost a fair bit of ground, spiraling down to below $2,000 within the next 20 days. 

While MKR price showed some signs of resurgence later in August that year – crossing $4,000 for the first time since the May all-time high — it couldn’t sustain that level for long. According to our MKR live price chart, the coin traded sideways and downward thereafter, to gradually fall below $1,000 again in Q2, 2022.

How MKR works

Both the native tokens of the Maker ecosystem – DAI and MKR — are based on the ERC-20 token standard, and are hence secured by the Ethereum blockchain. Apart from facilitating governance of DAI, MakerDAO and Maker Protocol, MKR token also works as a recapitalization resource for the Maker Protocol whenever needed.

Each MKR token is considered equal to 1 vote when voting on the Maker ecosystem’s governance proposals. The MKR price appreciates and drops in accordance with the adoption and success of the DAI stablecoin.

The issuance and burning of MKR is done through a system of interdependent mechanisms which collectively ensure that the circulating DAI tokens remain fully collateralized by crypto assets and that the stablecoin consistently maintains its soft peg to the US Dollar. The crypto collaterals are stored in Ethereum smart contracts called Maker Vaults. 

New MKR tokens are issued and sold for DAI tokens, through a Debt Auction, whenever the Maker Protocol’s debt exceeds its surplus. This is done to recapitalize the system. On the other hand, MKR tokens are bought back with DAI, through a Surplus Auction, and subsequently burnt, whenever the Maker Protocol’s surplus exceeds its debt. This mechanism ensures the responsible behavior of MKR holders since bad governance can lead to loss of value for MKR tokens. 

MKR news, updates and highlights

In a significant development for the MakerDAO project and MKR coin, the network upgraded their native stablecoin from Single-Collateral DAI (SCD) to Multi-Collateral DAI (MCD) format, on Nov. 18, 2019. The upgrade allowed for use of multiple crypto assets as collateral for creating DAI tokens through the Maker Protocol. The development also strengthened Maker ecosystem’s position as one of the leading DeFi platforms in the industry and paved its path for becoming the leader in that space.

According to more recent MKR news, it was announced in April 2022 that MakerDAO will be deployed on StarkNet, a Layer-2 zero-knowledge scaling solution for Ethereum. The integration will help improve the multichain capabilities of DAI stablecoin, by reducing its transaction cost and increasing the throughput. 

Frequently asked questions about MKR

  • Is it possible to mine or stake MKR?

No, you cannot mine MKR coins. Almost 1 million MKR were pre-mined at the time of the token’s launch. You can, however, stake MKR coins to earn yield.

  • What are some of the best wallets for MKR coins?

You can store your MKR coins in any ERC-20 compatible wallet including Ledger, Trezor, Trust Wallet and MetaMask.

  • What can you do with MKR tokens?

You can use your MKR coins to govern the Maker ecosystem or earn yield on them via various exchanges.

  • How can you buy MKR tokens?

The best way to buy MKR tokens is using a reputable crypto exchange. You can trade popular coins like ETH, BTC, etc. for MKR. 

Maker Price2,465.78 USD
Market Rank#45
Market Cap2,289,891,161 USD
24h Volume47,693,378 USD
Circulating Supply928,666.40 MKR
Max Supply1,005,577 MKR
Yesterday's Market Cap2,302,383,616 USD
Yesterday's Open / Close2,235.88 USD / 2,479.24 USD
Yesterday's High / Low2,513.49 USD / 2,223.25 USD
Yesterday's Change
0.11% ( 243.36 USD )
Yesterday's Volume70,228,464 USD
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