Current Maker Price Overview
Key Metrics (24h)
- Price Range: $1,600.73 (Low) – $1,667.38 (High)
- Market Cap: $1,393,875,609 ▲1.88%
- Fully Diluted Market Cap: $1,645,224,010 ▲1.88%
- Trading Volume: $24,542,822 ▲7.14%
- Volume/Market Cap Ratio: 0.0176
- Circulating Supply: 847,225.42 MKR (84.72% of max supply)
- Max Supply: 1,000,000 MKR
👉 Track real-time MKR price movements
Maker (MKR) Price Trends and Historical Performance
Live Price Chart Insights
The current Maker price is $1,645.22. Recent performance highlights:
- ▲1.88% (24h)
- ▼2.54% (7d)
Historical Price Milestones
- 2017: Launched at ~$22
- 2018: Peaked at $1,773.93 (January)
2021:
- Reached $6,339.02 (May – All-Time High)
- Corrected to $606.69 by May 2023
2024:
- April high: $4,064.83
- Current price reflects market consolidation
Understanding Maker Protocol and MKR Token
What Is MakerDAO?
Maker is a decentralized protocol governed by MakerDAO, a DAO consisting of MKR token holders. Key features:
- Manages the Dai stablecoin (ERC-20)
- Founded in 2014 by Rune Christensen
- Fully community-governed since 2017
How Maker Works
- Governance: MKR holders vote on protocol upgrades (e.g., collateral assets, Dai savings rate).
Spark.fi Platform: Balances Dai’s peg via debt-to-issuance ratio management. Offers:
- DAI borrowing against ETH collateral
- Up to 8% rewards for staking DAI
MKR Token Utility
- Voting Power: Proportional to staked MKR (gas fees paid in ETH).
Proposal Types:
- Signal Requests
- Maker Improvement Proposals (MIPs)
- Executive Summaries
FAQs About Maker (MKR)
1. What determines Maker’s price?
MKR’s value is tied to Dai’s adoption and governance demand. Market sentiment and crypto trends also influence volatility.
2. How does MakerDAO ensure Dai’s stability?
Through Spark.fi’s algorithmic adjustments and overcollateralization mechanisms using ETH and other approved assets.
3. Where can I buy MKR?
👉 Purchase MKR on major exchanges
4. What’s the max supply of MKR?
Capped at 1,000,000 tokens, with ~847K currently circulating.
5. Can I earn passive income with Maker?
Yes, by staking DAI on Spark.fi or participating in MakerDAO governance.
6. Why did MKR drop from its 2021 peak?
Market-wide corrections, reduced DeFi activity, and competition from newer stablecoins contributed to the decline.
Why Maker Matters in DeFi
Maker’s dual-ecosystem (MKR governance + Dai stability) positions it as a cornerstone of decentralized finance. Its DAO model exemplifies community-driven innovation, while Spark.fi enhances capital efficiency.
For deeper insights:
👉 Explore Maker’s latest developments
Note: All data reflects live market conditions. Always conduct independent research before investing.
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