Maker (MKR) is a prominent cryptocurrency ranking #44 in market capitalization. Here’s an overview of its current status and key details:
Maker (MKR) Overview
- Current Price: $1,873.87
- Market Cap: $1,831,953,471 (16,814 BTC)
- Fully Diluted Market Cap: $1,884,320,572 (17,294 BTC)
- 24-Hour Range: $1,864.01 – $1,998.82
Key Resources
- Website: makerdao.com
- Whitepaper: Download here
- GitHub: Source code
Why Maker (MKR) Matters
Maker is integral to the decentralized finance (DeFi) ecosystem, governing the Dai stablecoin. Its decentralized autonomous organization (DAO) structure allows MKR holders to vote on critical protocol decisions.
Key Features:
- Decentralized Governance: MKR holders oversee risk parameters and system upgrades.
- Stablecoin Collateralization: Ensures Dai maintains its peg through smart contracts.
- Transparency: Open-source code and real-time blockchain audits.
Market Performance
Recent trends show MKR trading between $1,864.01 and $1,998.82 (24-hour range). For long-term investors, monitoring these levels helps identify entry points.
FAQs
1. What is Maker (MKR) used for?
MKR tokens facilitate governance and stability in the MakerDAO ecosystem, including Dai’s collateralization.
2. How does MakerDAO ensure Dai’s stability?
Through over-collateralization and automated liquidation mechanisms.
3. Where can I buy MKR?
Major exchanges like OKX list MKR.
Final Thoughts
Maker (MKR) remains a cornerstone of DeFi with robust governance and stability mechanisms. For real-time updates, visit official resources or trusted exchanges.
Keywords: MakerDAO, MKR price, DeFi governance, Dai stablecoin, cryptocurrency rankings, blockchain transparency.
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