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Maker (MKR)

Maker (MKR)

The price of Maker is $1,429.07, a +3.51% 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: Aug 5, 2024
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Overview
Markets
Historical Data
Price Statistics
Advanced chart
Technical analysis
Maker price today
24h Change $100.59
24h High $1,371.60
24h Low $1,257.19
Market cap $1.21B
Trading Volume (24h) $138.56M
Market Dominance 0.04%
Market Rank #62
Circulating Supply 848.07K
Max Supply 1M

Maker markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
Binance Binance
MKR/USDT $1,440.19 $179,595.96 $194,942.89 25,134,036 Recently
2
Coinbase Exchange Coinbase Exchange
MKR/USD $1,441.23 $77,617.93 $72,119.99 8,893,231 Recently
3
Binance Binance
MKR/BUSD $1,399.84 $50,155.33 $47,813.81 115,256 Recently
4
KuCoin KuCoin
MKR/USDT $1,439.69 $40,319.52 $80,353.70 522,112 Recently
5
Binance Binance
MKR/BTC $1,442.67 $38,758.81 $53,313.43 1,613,550 Recently
6
Bithumb Bithumb
MKR/KRW $1,340.83 $2,226.83 $74,059.33 1,181,725 Recently
7
Uniswap v2 Uniswap v2
MKR/WETH $1,431.89 - - 105,427 Recently
8
Bitfinex Bitfinex
MKR/USD $1,439.00 $18,819.22 $49,238.40 160,862 Recently
9
Kraken Kraken
MKR/USD $1,442.60 $129,313.73 $176,335.19 673,660 Recently
10
Coinbase Exchange Coinbase Exchange
MKR/BTC $1,440.11 $17,272.69 $17,530.93 59,151 Recently
1
Binance Binance
MKR/USDT $1,441.22 - - 107,004,446 Recently
2
KuCoin KuCoin
MKR/USDT $1,442.22 - - 1,773,524 Recently
3
Bitfinex Bitfinex
MKR/USDT $1,439.42 - - 328,854 Recently
4
Kraken Kraken
MKR/USD $1,435.70 - - 110,250 Recently
5
dYdX dYdX
MKR/USD $1,110.25 - - 484 Recently
6
OKX OKX
MKR/USDT $1,442.22 - - 48,896,631 Recently
7
Bybit Bybit
MKR/USDT $1,440.92 - - 22,152,207 Recently
8
Huobi Huobi
MKR/USDT $1,146.60 - - 5,577,738 Recently
9
Gate.io Gate.io
MKR/USDT $1,440.02 - - 9,103,377 Recently
10
Bitget Bitget
MKR/USDT $1,440.52 - - 6,961,299 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 $1,429.07. The price of Maker is -8.88% 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 Maker price prediction for 2025?

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Maker price predictions and forecasts are tricky, because crypto is such a fast-moving industry and new trends can explode very quickly.

However, you can use previous price trends, along with fundamental and technical analysis to make estimates about how Maker might perform in the future.

For example, if you look at overall market trends in previous years, compared with how the Maker price has risen or fallen in response, you can begin to understand how the Maker market reacts to external pressures.

Alongside the MKR price chart and updates to the Maker technology, uptake, or development, these factors help you make a Maker price forecast for the next few months and years.

What is the total supply of MKR?

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The circulating supply is 848,074.42 MKR, out of a total maximum supply of 1,000,000.00 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 2025. 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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01

Is Maker safe?

02

Has Maker been hacked?

03

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.

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