Maker Market Data
- Current Price: €1,601.00
- 24h Price Change: -4.94%
- 7d Price Change: +2.03%
- 24h Trading Volume: €43,371,410.15
- Total Supply: 1,005,577 MKR
- Circulating Supply: 1,005,577 MKR
- Fully Diluted Market Cap: €822,919,289.56
About Maker Protocol
Maker (MKR) is the governance token for the MakerDAO decentralized finance (DeFi) ecosystem. This Ethereum-based ERC-20 token enables community-led decision-making for the protocol that manages DAI, the decentralized stablecoin. Key features include:
- Decentralized Governance: MKR holders vote on protocol upgrades, treasury management, and risk parameters
- DAI Stablecoin Oversight: Governs the algorithmic mechanisms maintaining DAI's 1:1 USD peg
- Protocol Fees: MKR tokens are used to pay stability fees within the ecosystem
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MKR Price Trends and Conversion Tools
Current Price Dynamics
1 MKR = €1,601.00
- €50.00 ≈ 0.031 MKR
- €1,000.00 ≈ 0.62 MKR
Recent Performance:
- 7-day gain: +2.03% (€1,569.19 → €1,601.00)
- 24-hour dip: -4.94% (€1,684.20 → €1,601.00)
Conversion Tables
MKR to EUR
| Amount | Value |
|---|---|
| 0.5 MKR | €800.50 |
| 5 MKR | €8,005.00 |
| 100 MKR | €160,100.00 |
EUR to MKR
| Amount | MKR |
|---|---|
| €10.00 | 0.0062 MKR |
| €500.00 | 0.31 MKR |
| €1,000.00 | 0.62 MKR |
Historical Price Context
| Period | Price | Volume | Market Cap |
|---|---|---|---|
| Current | €1,601.00 | €43.37M | N/A |
| 24h Ago | €1,684.20 | €43.39M | N/A |
| 7d Ago | €1,569.19 | €42.09M | N/A |
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Frequently Asked Questions
What determines Maker's price?
MKR's value reflects market demand for governance rights in the MakerDAO ecosystem, DAI adoption rates, and broader DeFi sector trends.
How does MakerDAO governance work?
MKR holders submit proposals and vote on:
- Collateral types for DAI
- Stability fee adjustments
- Protocol treasury allocations
Where can I securely store MKR?
Recommended options:
- Hardware wallets (Ledger/Trezor)
- Web3 wallets (MetaMask)
- MakerDAO's official governance portal
Is MKR a good investment?
Consider these factors:
- Active governance participation required
- Competes with other DeFi governance tokens
- Correlates with DAI adoption growth
Key Takeaways
- MKR enables decentralized management of the DAI stablecoin system
- Price fluctuates based on governance utility and DeFi market conditions
- Always research tokenomics before investing in governance tokens