Maker (MKR) Market Overview
The current price of Maker (MKR) is $1,875.06, with a 24-hour trading volume of $34,396,987. Over the past day, MKR's price decreased by 5.78%. Key supply metrics:
- Circulating Supply: 977,600 MKR
- Max Supply: 1,005,600 MKR
- Market Cap: $1,833,116,852
- Circulation Rate: 164.1%
👉 Track real-time MKR price movements
What Is MakerDAO (MKR)?
MakerDAO is a decentralized autonomous organization (DAO) and smart contract system on Ethereum that pioneered the first decentralized stablecoin, Dai. Unlike volatile cryptocurrencies, Dai maintains a 1:1 peg with the US dollar through collateral-backed mechanisms.
MKR serves dual purposes:
- Governance Token: Holders vote on protocol changes
- Utility Token: Pays stability fees for Dai loans
Core Advantages
- Price-Stable Currency: Generate Dai without volatility
- Decentralized Governance: MKR holders collectively manage the protocol
- Expanding Ecosystem: 400+ integrated apps/services
Blockchain Explorers for MKR
- Etherscan
- Ethplorer
- Enjinx
Social Channels
| Platform | Link |
|---|---|
| @MakerDAO | |
| r/MakerDAO | |
| Telegram | t.me/makerdaoOfficial |
Contract Address
Ethereum: 0x9f8f72aa9304c8b593...
Frequently Asked Questions
What was MKR's all-time high price?
MKR peaked at $6,339.93 on May 3, 2021.
Is MKR a good long-term investment?
Cryptocurrencies like MKR carry high volatility risks. Consider:
- Project fundamentals (read the whitepaper)
- Team expertise
- Tokenomics
- Market conditions
👉 Explore crypto investment strategies
Which platforms allow MKR shorting?
Major exchanges offer margin trading, but requires advanced risk management.
How to convert MKR to CNY?
Check real-time conversion rates on reputable exchanges.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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