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Regarded as the first decentralized finance (DeFi) project in the world, MakerDAO is a lending and borrowing platform that eliminates the need for middlemen. It is built on Ethereum and makes use of smart contracts to automate all of its internal transactions as well as govern its associated stablecoin, DAI, which has its value pegged to the US dollar in a 1:1 ratio. MKR is the native cryptocurrency of the MakerDAO ecosystem and has one basic purpose – to help support the value of the DAI token, which is used in all of the platform’s native lending operations. Furthermore, owners of the MKR token can also make key decisions and judgments pertaining to the ecosystem.
Maker (MKR) is the 63rd largest cryptocurrency in the world by market cap, valued at $1,508,930,294. The current price of Maker is $1680.13, which is -10.976% lower than yesterday. Prices have ranged between $1893.09 and $1663.13 over the past 24 hours. All prices are listed in US dollars and accurate as of January 24, 2022 01:01 UTC.
| Coin symbol | MKR |
|---|---|
| Coin Marketcap | US$1,508,930,294 |
| Total MKR supply | 978,086 |
| Circulating MKR | 901,311 |
| Current price | US$1680.13 |
| All time high | US$6,292.31 |
| Notable team members | Rune Christensen |
| Partnerships | Digix, L4 Ventures, Andreessen Horowitz |
| Industry | Stablecoins |
| Token uses | Governance |
| Network | Ethereum |
Historical prices compared with the price of US$1680.13.
| 1 hour | -1.90% |
|---|---|
| 24 hours | -10.98% |
| 7 days | -25.51% |
| 14 days | -20.96% |
| 30 days | -34.61% |
|---|---|
| 60 days | -45.71% |
| 200 days | -41.01% |
| 1 year | 21.86% |
Disclaimer: Cryptocurrencies, including Maker, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MKR is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Maker or any other cryptocurrency discussed.
