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Maker price, market cap on Coin360 heatmap

Maker(MKR)

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$2,129.92
(-3.57%)
0.03409928 BTC
Market Cap (Rank#52)
$1,966,512,353
31,483 BTC
Vol 24h
$39,876,576
638.41 BTC
Circulating Supply
923,281.39
Max Supply
1,005,577
3 days agocoindesk
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Another group of Republican lawmakers has introduced legislation to block efforts to introduce a digital dollar.
9 days agocoindesk
Turkey’s Upcoming Crypto Rules Will Protect Users While Fostering Innovation, Lawmaker Says
Ömer İleri, who oversees Information and Communication Technologies for Turkey’s ruling party, met with representatives of the crypto sector to discuss upcoming regulations.
10 days agonulltx
API3 Continues To Thrive Despite Market Maker’s Move On Binance
The decentralized autonomous ecosystem (DAO) API3 has been making significant strides in recent times, showcasing notable progress and resilience within the crypto space.  Despite recent reports of market maker company DWF Labs depositing over $1 million worth of 200,000 API3 (API3) tokens onto the cryptocurrency exchange Binance, API3 remains on […]
15 days agocoindesk
U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism
Just after Hamas' terrorist attacks in Israel last year, crypto took blame for helping fund such brutal killing. While the prominent media reports were later bashed by cryptocurrency experts, the U.S. Department of the Treasury's top official on terrorism financing confirmed to lawmakers on Wednesday the situation was blown out of proportion.
16 days agocoindesk
Crypto Political Group Fairshake Targets California Senate Candidate Katie Porter
The U.S. crypto industry's most prominent campaign-finance organization, Fairshake, is going after Sen. Katie Porter (D-Calif.), spending a part of its war chest to try to derail the progressive lawmaker.
21 day agonulltx
Lido DAO (LDO) Sees Price Rise Despite Whale Dump Concerns
Despite recent speculation about a whale dump, the price of Lido DAO (LDO) has defied expectations, experiencing a 2.92% increase to reach $2.87 over the past 24 hours, countering the downward trend of the previous week. Reports surfaced a few hours ago indicating that MakerDAO founder Rune Christensen (@RuneKek) withdrew […]
22 days agocryptopotato
US Lawmakers Urge Treasury Secretary to ‘Fill Gaps’ in Crypto Regulations, Call for CFTC Oversight 
Policymakers in the United States are growing weary over the lack of clarity from regulators on crypto assets.
23 days agocoindesk
Treasury Secretary Yellen Says U.S. Needs Better Stablecoin Regulation
"A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset," she told lawmakers on Tuesday.
28 days agocryptopotato
Wombat Exchange Releases First Single-Sided Volatile Pool AMM in DeFi
[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 […]
28 days agocoindesk
U.S. Lawmakers Seek to Overturn SEC's Crypto Accounting Policy
Members of Congress are trying to delete the controversial U.S. Securities and Exchange Commission accounting bulletin that implies restrictions on companies that want to hold their customer's crypto assets.
29 days agocoindesk
Crypto Market Maker GSR Appoints Former JPMorgan Executive as Head of Trading
The new hire happens as digital asset markets are maturing and have become increasingly intertwined with traditional finance.
31 day 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.
33 days agonulltx
MakerDAO, $MKR Faces Price Decline Following On-Chain Activity And Protocol Changes
MakerDAO ($MKR), known for its significant contribution to real-world asset (RWA) transactions within decentralized finance (DeFi), has experienced a slight price decline in recent hours, influenced by on-chain activity and protocol adjustments. According to reports from on-chain analytics firm Spotonchain, Wallet 0xa58, associated with RuneKek, a MakerDAO co-founder, has sold […]
34 days agonulltx
TRON Founder Justin Sun Purchases Altcoins, Maker (MKR) and Pullix (PLX) Emerge As Best Buys for the 2024 Bull Market
The cryptocurrency market has stabilized from the recent sell-off, and investors have refocused on the upcoming bull market. The founder of Tron, Justin Sun, is already adding several top crypto coins to his portfolio. MKR, the governance token of the decentralized lending platform, has seen a surge in price. Meanwhile, […]
36 days agocoindesk
Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout
The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io among other investors.
37 days agocoindesk
Japanese Lawmakers Want To Carve Out New Web3 Policies: CoinDesk Japan
"We would like to grasp the current situation in areas other than decentralized autonomous organizations and identify new important points for policy," Congressman Hideto Kawasaki said.
38 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.
44 days agocryptopotato
Crypto Loans Surpass RWA as Main Revenue Drivers for MakerDAO
Crypto-backed loans now make up more than half MakerDAO's revenue, surpassing RWA.
45 days agocryptodaily
DAOMaker Delivers Magic Square IDO Despite Unprecedented Demand
Token launchpad DAOMaker has ridden to the rescue of Magic Square after the latter’s IDO was majorly oversubscribed.
45 days agonulltx
Maker (MKR) Witnesses Notable Whales Accumulation Amidst 70% Price Surge
In the last month, Maker (MKR), the governance token linked to MakerDAO and the Maker Protocol, has seen an impressive 70% surge in its price. A recent analysis by LookOnChain, a prominent on-chain expert, suggests that during this period, significant crypto whales have been actively accumulating MKR. The report highlights […]
45 days agocryptopotato
10 Wallets Accumulate 3.55% of Maker’s Circulating Supply as MKR Soars 50% Monthly
MKR's supply on exchanges has reached its lowest point in the last three months, contributing to the upward momentum in its price.
51 day agocoindesk
Crypto OTC Volumes on Wintermute Soared 400% in 2023
Market maker says the uptick in over-the-counter trading was due to volumes moving off-exchange.
57 days agonulltx
Maker (MKR) Achieves Annual Peak At $1,906 After Noteworthy Whale Accumulations
Recent revelations from Spotonchain indicate that MakerDAO’s governance token, Maker (MKR), has experienced a fresh wave of accumulation. This accumulation, taking place in the final week of 2023, hints at a potentially bullish trajectory for MKR in the upcoming year, 2024. According to Spotonchain’s latest indicators, a group of five […]
62 days agocryptodaily
Investigation Reveals South Korean Lawmakers Traded $97 Million in Crypto in 3 Years
An investigation into the digital asset transaction record of all sitting members of the South Korean parliament revealed they traded almost $100 million in crypto over a three-year period.

About Maker?

The live price of Maker (MKR) today is 2,129.92 USD, and with the current circulating supply of Maker at 923,281.39 MKR, its market capitalization stands at 1,966,512,353 USD. In the last 24 hours MKR price has moved ? USD or 0.00% while ? USD worth of MKR has been traded on various exchanges. The current valuation of MKR puts it at #52 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 Price2,129.92 USD
Market Rank#52
Market Cap1,966,512,353 USD
24h Volume39,876,576 USD
Circulating Supply923,281.39 MKR
Max Supply1,005,577 MKR
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