MakerPrice(MKR)
Details Maker (MKR) Price information (USD)
The current real-time price of MKR is $1,807. In the past 24 hours, MKR has traded between $1,807 and $1,807, showing strong market activity. The all-time high of MKR is $6,292.31, and the all-time low is $168.36.
From a short-term perspective, the price change of MKR over the past 1 hour is
Maker (MKR) Market Information
Maker (MKR) Today's Price
The live price of MKR today is $1,807, with a current market cap of $941.772M. The 24-hour trading volume is 138K. The price of MKR to USD is updated in real time.
Maker (MKR) Price History (USD)
What is MAKER (MKR)?
When is the right time to buy MKR? Should I buy or sell MKR now?
Before deciding whether to buy or sell MKR, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MKR technical analysis can provide you with trading references.
Future price trend of MKR
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for MKR.
How much will MKR be worth tomorrow, next week, or next month in ? What about your MKR assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! MKR Price Prediction
How to buy MAKER (MKR)
Convert MKR to local currency
MKR Resources
To learn more about MKR, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x642a...e4dd7c  | 8,919 | 9.74% |
ethereum | 0x4a18...7d70ce | 6,775 | 7.4% |
ethereum | 0xb377...1a8523 | 5,745 | 6.28% |
ethereum | 0x5de4...f71fa8 | 5,048 | 5.52% |
ethereum | 0x00f9...a03aae | 5,000 | 5.46% |
Other | 60,039.67 | 65.6% |
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MAKER (MKR) FAQ
What is Maker (MKR) and what is its purpose/utility?
MKR is the ERC-20 governance token for the Maker Protocol, a decentralized finance (DeFi) project built on Ethereum. Its primary purpose is to allow holders to participate in the governance of the MakerDAO ecosystem, which manages the Dai stablecoin. MKR holders vote on key decisions, influence the protocol's development, and help maintain Dai's stability.
How does MakerDAO work?
MakerDAO operates as a Decentralized Autonomous Organization (DAO) where MKR token holders collectively govern the Maker Protocol. This protocol enables users to generate Dai, a decentralized stablecoin soft-pegged to the US dollar, by locking various cryptocurrencies as collateral in Maker Vaults. The system uses smart contracts, a decentralized network, over-collateralization, real-time price monitoring through oracles, and automated liquidations to maintain Dai's stability.
What is the relationship between MKR and Dai?
MKR and Dai are the two native tokens of the Maker ecosystem. Dai is a stablecoin designed to maintain a stable value against the US dollar, while MKR is the governance token that ensures Dai's stability and the protocol's overall health. MKR holders vote on parameters that directly impact Dai, such as stability fees and collateral types. MKR also acts as a recapitalization resource; if the system incurs bad debt, new MKR can be minted and sold. Conversely, when the system generates surplus fees, MKR can be burned.
How does MKR governance function?
MKR holders govern the Maker Protocol through a voting system, where each MKR token typically represents one vote. The governance process involves two main mechanisms: Governance Polls, used to gauge community sentiment on proposed changes, and Executive Votes, which implement actual changes to the system. These changes include adjusting risk parameters for collateral assets, modifying the Dai Savings Rate, or upgrading the system.
What are the risks associated with MakerDAO and MKR?
Risks associated with MakerDAO and MKR include Collateral Volatility, where significant drops in collateral value can trigger liquidations. Smart Contract Risk is present, as MakerDAO relies on contracts vulnerable to exploits. Centralization Concerns regarding concentrated voting power and potential manipulation exist. Additionally, Regulatory Risks stemming from the evolving crypto landscape could impact MakerDAO operations.
How can one acquire and store MKR?
MKR tokens can be purchased on cryptocurrency exchanges like LBank. Once acquired, it is essential to store MKR in secure wallets that support ERC-20 tokens. This includes hardware wallets for maximum security or reputable software wallets, ensuring the safety and control of your assets.
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