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Maker (MKR)

Maker (MKR)

The price of Maker is $2,268.06, a -10.61% change over the last 7 days. Learn more about Maker’s price history, how it works, and how to invest.

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Updated: Jun 18, 2024
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Overview
Markets
Historical Data
Price Statistics
Maker price today
24h Change $87.76
24h Low $2,175.28
24h High $2,302.53
Market Cap $2.11B
Trading Volume (24h) $66.53M
Market Dominance 0%
Market Rank #39
Circulating Supply 0.93M
Max Supply 1.01M

Maker markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
Binance Binance
MKR/USDT $2,279.55 $148,263.05 $257,335.26 12,433,233 Recently
2
Coinbase Exchange Coinbase Exchange
MKR/USD $2,277.72 $107,584.76 $142,340.18 3,107,484 Recently
3
Binance Binance
MKR/BUSD $1,399.84 $50,155.33 $47,813.81 115,256 Recently
4
KuCoin KuCoin
MKR/USDT $2,280.52 $37,256.71 $83,064.54 102,162 Recently
5
Binance Binance
MKR/BTC $2,272.95 $21,340.00 $39,802.09 148,164 Recently
6
Bithumb Bithumb
MKR/KRW $2,319.40 $6,069.74 $4,508.56 64,715 Recently
7
Uniswap v2 Uniswap v2
MKR/WETH $2,262.81 - - 30,001 Recently
8
Bitfinex Bitfinex
MKR/USD $2,278.60 $18,606.64 $34,662.03 16,600 Recently
9
Kraken Kraken
MKR/USD $2,271.80 $53,138.92 $59,049.55 245,749 Recently
10
Coinbase Exchange Coinbase Exchange
MKR/BTC $2,264.27 $11,497.05 $13,184.69 14,470 Recently
1
Binance Binance
MKR/USDT $2,268.96 - - 40,668,928 Recently
2
KuCoin KuCoin
MKR/USDT $2,249.26 - - 337,277 Recently
3
Bitfinex Bitfinex
MKR/USDT $2,269.66 - - 47,488 Recently
4
Kraken Kraken
MKR/USD $2,271.00 - - 520,561 Recently
5
dYdX dYdX
MKR/USD $2,273.00 - - 849,156 Recently
6
OKX OKX
MKR/USDT $2,267.66 - - 11,196,242 Recently
7
Bybit Bybit
MKR/USDT $2,269.06 - - 7,450,960 Recently
8
Huobi Huobi
MKR/USDT $1,146.60 - - 5,577,738 Recently
9
Gate.io Gate.io
MKR/USDT $2,268.36 - - 235,013 Recently
10
Bitget Bitget
MKR/USDT $2,270.16 - - 1,866,849 Recently
No data found
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About Maker

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Resources

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What is the Maker price today?

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The MKR price is currently $2,268.06. The price of Maker is -8.54% over the last 30 days. You can use the live Maker chart to track the MKR/USD price in real time above, or compare the Maker value today to its past performance using the Maker price history tab at the top of this page.

What is the total supply of MKR?

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The circulating supply is 930,158.71 MKR, out of a total maximum supply of 1,005,577.00 MKR.

What is the price prediction for Maker?

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The average Maker price prediction values the coin at $500 by the end of 2024. Things like the economic climate and the crypto market as a whole can all impact the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin. 

What is Maker?

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MakerDAO is an Ethereum-based platform used to generate a stablecoin called MKR, which is pegged to the value of the US dollar. Maker‘s native cryptocurrency (MKR) is an Ethereum token that governs the entire platform. While MKR does not vary in price, MKR has the potential to be just as volatile as any other cryptocurrency.

How does Maker work?

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It lets users deposit cryptocurrency like Ethereum as collateral to generate MKR. The system requires collateralisation ratios to remain above certain levels and the amount of MKR that can be generated depends on the value of the collateral deposited. For example, a coin like ETH can create more MKR than a small altcoin. 

Smart contracts are used to hold collateral and are programmed to liquidate if the collateral drops too much automatically. This helps to ensure the network remains solvent. 

How is the Maker network secured?

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The Maker network is secured by the blockchain it runs on. Validators, or ‘keepers’ on the network, are responsible for executing smart contracts to make sure the system runs smoothly. Validators are rewarded with MRK tokens for their work in securing the network. 

What is Maker used for?

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Maker is mostly used for decentralised finance (DeFi), such as lending, borrowing, trading, and other financial activities. The network has gained popularity due to its stability and applications can be built and used without the risk of significant price fluctuations. 

Why does MKR have value?

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MKR can be used for governing the Maker DAO and as a form of payment for transactions and network fees. The demand for MKR may increase as the platform becomes more popular and widely adopted. 

Who created Maker?

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Rune Christensen created Maker in 2015 and currently serves as the organisation’s chief executive officer. A crowdfunding campaign was initially used to fund the project, but it has since grown into one of the most popular DeFi platforms on the Ethereum network.

Where can I buy Maker?

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You can buy Maker on either a centralised cryptocurrency exchange (CEX) or decentralized exchange (DEX), depending on its availability. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock trading platform.

Our guide on how & where to buy Maker explains step-by-step exactly how to get started with a reliable crypto exchange, or via one of the most popular decentralized exchanges.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Maker?

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The simplest way to invest in Maker is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Maker alternatives?

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There are many Maker alternatives and you can find a selection of a few below. 

  • Ethereum. Ethereum is the blockchain Maker is built on 
  • Polkadot. Polkadot is a blockchain network being built to enable Web 3.0
  • Polygon. Polygon allows users to connect Ethereum-compatible blockchain networks. 

FAQs

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Is Maker safe?
Has Maker been hacked?
Is MakerDao the same as Dao Maker?
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.

Trading ideas & analysis

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Latest Maker news

MKR jumps 10% as MakerDAO’s bug-finding contest attracts attention
June 27, 2024
Justin Sun’s $21 million AAVE, MKR deposit to Binance signals DeFi resurgence
June 10, 2024
MakerDAO founder announces ‘Endgame’ launch with two new tokens
March 13, 2024
VC firm Maven11 returns up 54% amid DeFi market recovery
February 25, 2024
Spark, a MakerDAO subDAO, is thriving as DeFi TVL hits $3.2 billion
February 22, 2024
MakerDAO (MKR) Whales swim away as buyers lack interest
January 30, 2024