Maker (MKR) is the 89th largest cryptocurrency in the world by market cap, valued at $756,393,133. The current price of Maker is $773.7, which is 0.554%
higher than yesterday. Prices have ranged between $816.84 and $725.55 over the past 24 hours. All prices are listed in US dollars and accurate as of February 09, 2023 03:02 UTC.
Maker price chart
Price over the past month
What is Maker?
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.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.
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