The current real-time Maker (MKR) price is $1,871.18**, with a 24-hour trading volume of **$27,095,973. Over the past day, MKR’s value dropped by 5.95%, while showing a 1.71% increase over the last week. Key metrics include:
- Market Cap: $1,384,269,653
- Max Supply: 1,000,000 MKR
- Circulating Supply: 0 MKR (as of latest data)
- Market Rank: #52
Price Context:
- MKR is 70.48% below its all-time high.
- It’s 8,785.06% above its all-time low.
👉 Explore MKR trading strategies
What Is the Maker Protocol (MKR)?
Maker (MKR) is the utility token of the Maker Protocol, an ERC-20-based decentralized system managed by MakerDAO. The protocol enables users to generate Dai (DAI) stablecoins by collateralizing assets like ETH in exchange for loans.
Key Features:
- Multi-Collateral DAI: Supports various crypto assets as collateral.
- Decentralized Governance: MKR holders vote on protocol upgrades.
MakerDAO’s Founders
Rune Christensen
- Background: Danish entrepreneur with degrees in biochemistry and international business.
- Contributions: Launched MakerDAO in 2015; co-founded Try China.
Steven Becker (COO)
- Experience: Former leader at Polus Capital and Cubit Capital.
Purpose of MKR Tokens
Governance:
MKR holders vote on protocol changes via:
- Proposal Pool (community feedback).
- Executive Pool (formal voting).
Recapitalization:
- Safeguards the DAI ecosystem during market volatility.
Involves dynamic token supply adjustments:
- Inflation: New MKR minted to cover DAI shortfalls.
- Deflation: Excess DAI triggers MKR buybacks/burns.
MKR Token Supply Dynamics
- No Max Cap: Supply adjusts based on DAI’s collateral health.
- Inflationary Design: Long-term price trends may vary.
👉 Secure your MKR with trusted wallets
FAQ
1. How is DAI’s value stabilized?
DAI maintains its peg via over-collateralization and algorithmic adjustments.
2. Can I mine MKR tokens?
No. MKR is only issued for recapitalization or governance.
3. Why does MKR’s supply fluctuate?
To balance DAI’s collateral requirements during market shifts.
Data updates in real-time. For the latest MKR price trends, monitor reputable exchanges.
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