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Maker

MKR # 64
$ 769.47
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Calculator

Use the calculator to convert real-time prices between all available cryptocurrencies and fiat.

MKR - Maker
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Price performance
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This is the price performance of Maker (MKR). It shows the percentage gains and losses for each time period.

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Value statistics

An overview showing the statistics of Maker, such as the base and quote currency, the rank, and trading volume.

Price to USD $ 769.47
Price to BTC 0.0399 BTC
Rank
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64
24h volume
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$ 43.80 million
Market cap
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$ 752.24 million
Fully diluted market cap
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$ 54,795
All-time high (daily avg.)
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$ 6,376.10 on 5/3/2021

Supply information

View the total and circulating supply of Maker, including details on how the supplies are calculated.

Checkmark Verified supply
100.0%
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Updated 13 hours ago
Circulating supply
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977,608.63 MKR
Non-circulating supply
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-22.40 MKR
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Total supply
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977,631.04 MKR
Max supply
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71.21 MKR
Issuance blockchain
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What is Maker

Maker (MKR) is a token on the Ethereum blockchain with the aim to govern, secure and support the Dai Stable Coin system (DCS). It is a smart contract platform that controls and sells Dai; Maker stabilizes the value of Dai to one U.S. dollar using external market mechanisms and economic incentives. Without the need of using a third centralized party, Maker aims to offer a transparent stablecoin system that is operating on the Ethereum blockchain. The Maker Platform has two coins: Makercoin (MKR) and Dai (DAI); Dai is a stable coin that is used for payments, savings, or collateral.

The goal of Maker

Maker has three important functions on the Maker Platform. The first is utility; you can only use Maker to pay the fees accumulated on Customer Data Platforms (CPDs) that generate Dai in the Maker system. When someone pays a fee, a Maker coin is burned from the supply, which will then decrease. The second function is governance; holders use Maker to vote for the risk management and logistics of the Maker system. And the third is recapitalization resource. If parts of the collateral portfolio become under-collateralized, the system immediately creates new Maker tokens and sells them. This gains money to capitalize the shortfall of value in the system and brings the entire Maker system back from insolvency.

Links

Best exchanges to buy Maker

The top crypto exchanges that have Maker available for trading, ranked by 24h trading volume and the current price.

Exchange 24h volume
All MKR exchanges

Markets

A list of the top Maker markets across all crypto exchanges based on the highest 24h trading volume, with their current price.

Market 24h volume
All MKR markets
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