¥13,379.06
-¥898.16 (6.71%) 1d
24-Hour Price Range
Low: ¥13,345.61
High: ¥14,363.56
52-Week Price Range
Low: ¥7,343.91
High: ¥35,337.58
Overview: What Is Maker (MKR)?
Maker (MKR) is the governance token of the MakerDAO ecosystem, a pioneering decentralized finance (DeFi) project. The Maker ecosystem comprises:
- Dai (DAI): A decentralized stablecoin pegged to the USD.
- MKR: Used for governance and as a backup collateral asset.
- Maker Protocol: Allows users to lock crypto assets as collateral to mint DAI.
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The Maker Ecosystem: Key Components
Founders and Structure
- Rune Christensen: Primary founder of MakerDAO.
- MakerDAO: A decentralized autonomous organization (DAO) governing the protocol.
- Dai Foundation: Manages intellectual property and legal aspects.
How It Works
- Users deposit crypto (e.g., ETH) into Maker Vaults as collateral.
- They receive DAI loans, maintaining a collateral ratio to avoid liquidation.
- MKR holders vote on protocol changes (e.g., fees, collateral types).
MKR Cryptocurrency: Governance and Utility
- ERC-20 Token: Built on Ethereum.
- Supply Mechanics: MKR is minted/burned to stabilize DAI’s peg.
- Market Cap: Calculated as
Circulating Supply × Price.
Key Metrics
| Metric | Value |
|----------------------|-------------------|
| Market Cap | ¥11.94B |
| 24h Volume | ¥1.49B |
| Circulating Supply | 892,234 MKR |
| Total Supply | 918,875 MKR |
Latest Market News
- ETH Price Drop Triggers DeFi Liquidations
Ethereum’s 14% decline led to collateral liquidations in MakerDAO vaults. - MakerDAO’s $10M Bug Bounty
Immunefi’s largest-ever bounty aims to secure smart contracts. - Optimism-DAI Bridge Announcement
Expected to enable faster withdrawals, boosting MKR utility.
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FAQs About Maker (MKR)
Q: How is MKR different from DAI?
A: MKR is a governance token, while DAI is a stablecoin. MKR holders manage the protocol; DAI is borrowed against collateral.
Q: What affects MKR’s price?
A: Protocol usage, DAI demand, governance decisions, and broader crypto market trends.
Q: Is MakerDAO decentralized?
A: Yes—decisions are made via MKR holder votes, with no central authority.
Key Takeaways
- MKR Price: Track real-time fluctuations above.
- Utility: Governs MakerDAO and backs the DAI stablecoin.
- Market Position: Among the top DeFi tokens by market cap.
Data updated hourly. For investment advice, consult a financial expert.