Maker price

Maker price

Price change from 00:00 UTC until now

Maker market information

Market cap
Circulating supply
930,402 MKR
Market cap ranking
24h high
24h low
All-time high

MKR calculator

Our current rate
1 MKR ≈ $2,768.20

Maker price performance in USD

The current price of Maker is $2,768.20. Since 00:00 UTC, Maker has decreased by -2.63%. It currently has a circulating supply of 930,402 MKR and a maximum supply of 1,005,577 MKR, giving it a fully diluted market cap of $2.57B. At present, Maker holds the 37 position in market cap rankings. The Maker/USD price is updated in real-time.
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About Maker (MKR)

The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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In a push towards decentralization, governance tokens have emerged as a cornerstone of many crypto projects, allowing token holders to stake and vote on protocol modifications. MKR is the governance token for MakerDAO, which plays a pivotal role in ensuring the efficiency, transparency, and stability of DAI, a decentralized, collateral-backed stablecoin. 

What is MakerDAO

MakerDAO is a decentralized autonomous organization (DAO) that administers the DAI stablecoin through the Maker Protocol. This protocol enables the minting and management of DAI stablecoins while maintaining their peg to the US dollar using over-collateralization and other mechanisms. The primary responsibility of MKR holders is to vote on changes to the Maker Protocol, which directly impacts DAI. MKR's governance role ensures that the protocol adjusts and evolves in response to the market's demands and potential risks. 

The Maker team

Maker was created in 2015 by Rune Christensen, a Denmark-based entrepreneur. He graduated from the Copenhagen University with a degree in biochemistry. He also studied international business at the local Copenhagen Business School. Before founding MakerDAO, he co-founded Try China, an international recruiting company.

How does MakerDAO work

MKR holders are at the heart of the MakerDAO system, actively participating in Executive Voting. Successful votes translate into changes within the protocol. For instance, these token holders set the DAI savings rate, directly impacting the incentives for those who stake DAI. Contributors are rewarded for their active involvement. 

MKR tokenomics 

MKR tokens, capped at 977,631 in supply, are central to the MakerDAO ecosystem. They empower holders with governance rights, allowing them to shape the system's direction. Beyond governance, MKR is crucial in maintaining DAI's stability, ensuring its value remains pegged and resilient to market fluctuations. Notably, in situations of undercollateralization, MKR is auctioned to cover the deficit.

Furthermore, MKR tokens are used to settle stability fees, which are essentially interest charges on DAI loans. These MKR tokens are subsequently burnt, gradually reducing their overall supply and adding an element of scarcity.

MKR distribution

The distribution breakdown for MKR is as follows:

  • 69.5 percent: Founders and the project
  • 15 percent: Team
  • 4 percent: Seed round 1
  • 6 percent: Seed round 2
  • 5.5 percent: Seed round 3
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What is DAI: understanding Maker's crypto-backed stablecoin
Launched by a Decentralized Autonomous Organization (DAO) named MakerDAO in November 2019, Dai (DAI) is a crypto-collateralized stablecoin that's soft-pegged to the US Dollar at a 1:1 ratio. DAI is issued through an Ethereum-based named the Maker Protocol.
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How is MKR different from DAI?

While both tokens are part of the MakerDAO ecosystem, MKR is a governance token, and its primary role is to oversee the protocol's operation and stability. In contrast, DAI is a stablecoin pegged to the US dollar, designed to maintain its value despite market volatility.

How is DAI's stability maintained?

DAI's stability is ensured through over-collateralization, liquidation processes, MKR governance, stability fees, and the DAI Savings Rate (DSR). Combined, these mechanisms help keep DAI's value close to $1. 

Where can I buy MKR tokens?

Easily buy MKR tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include MKR/BTC, MKR/USDC, and MKR/USDT.

You can also buy MKR with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for MKR with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into MKR, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is Maker worth today?
Currently, one Maker is worth $2,768.20. For answers and insight into Maker's price action, you're in the right place. Explore the latest Maker charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Maker, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Maker have been created as well.

MKR calculator

Our current rate
1 MKR ≈ $2,768.20