Maker price

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Maker price live data

The current price of Maker is $2,035.50. Since 00:00 UTC, Maker has increased by 2.52%. It currently has a circulating supply of 923,281.00 MKR and a maximum supply of 1.01M MKR, giving it a fully diluted market cap of $1.89B. At present, Maker holds the 50 position in market cap rankings. The Maker/USD price is updated in real-time.

Maker price performance in USD

Time periodChange amount%Chg
7 days-$46.80-2.24%
30 days-$78.80-3.72%
3 months$335.6019.75%

Maker market information

24h low/high
24h low$1,954.60
Last price $2,035.50
24h high$2,109.50
Heat index ranking
Market cap ranking
Market cap
Favorited rate
All-time high
-67.95% (-$4,313.80)
May 4, 2021 (3 years ago)
All-time low
+1,097.35% (+$1,865.50)
Mar 13, 2020 (4 years ago)
ICO date
ICO price
Circulating supply
923,281 MKR
Market cap at circulating supply

About Maker (MKR)

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

Learn more about Maker (MKR)

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Maker FAQ

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/ETH, 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.

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1 MKR ≈ 2,033.00 USD
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