$ 3,046.38
Maker (MKR)
$ 3,046.38
0.05606972 BTC
$ 2,754,888,449
Volume (24h)
$ 88,895,500
Circulating Supply
901,311 MKR
Total Supply
989,767 MKR

Maker (MKR)

$ 3,046.38

What is Maker?

Maker is the system responsible for making DAI stable through “collateralized debt position” (CDPs) smart contracts on the Ethereum. MKR is an ERC-20 token created in response to insufficient collateral to back for DAI CDPs.

DAI is created through loan contracts which use Ether as a collateral. MKR Holders are responsible for regulating the collateralized rate making DAI consistently worth $1 and are rewarded for doing it; CDPs include a fee which is paid using MKR that is always burned, evating MKR's value.

CDPs are automatically liquidated in case Ether drops to a price such that their collateral (ETH) drops below a given value that is not enough to finance the amount of DAI loaned. If the liquidated volume recovered isn't enough to cover for the corresponding DAI volume loaned, the Maker system automatically creates new MKR tokens which are sold in open markets ensuring a positive balance. This mechanism incentives MKR holders to make rational decisions when voting for collateralized rates.

MakerDAO, the group responsible for Maker, also run a decentralized exchange called OasisDEX.

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Historical Price for Maker
Maker Markets

Maker Frequenty Asked Questions

Where does Maker (MKR) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Maker currently ranks in position 71 out of the top 1000 cryptocurrencies. Another important factor in popularity is Maker‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Maker has a market cap of $ 2,754,888,449, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 1,033,362,780,222, Litecoin at $ 13,447,830,259, Ethereum at $ 483,282,899,726, Tether at $ 73,927,752,624, and XRP at $ 44,669,018,508.

What is the price of Maker (MKR) today (updated in realtime)?
The current price of Maker is $ 3,046.38 in USD. (The price in Euros is 2.710,38 ; and the price in Bitcoin is Ƀ 0.05606972 BTC.)

How has Maker (MKR) performed recently?
Maker‘s price has decreased in the last 24 hours by -3.55%. The change in price over the last seven days was 2.55%. The trading volume over the last 24 hours was $ 88,895,500. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.

What is Maker‘s (MKR) market supply?
The total circulating (available) supply of Maker is 901,311 MKR. The total supply of Maker is 989,767 MKR.

What is the 24 hour volume for Maker (MKR)?
The 24 hour volume of Maker is $ 88,895,500.

What is Maker (MKR) official website?
Maker‘s official website, social accounts, blockchain explorer, and Github repository if applicable.

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