24 hour low
$197.773
24 hour high
$2,731.281
Market cap ranking
#45
Market cap
$2.46B
24 hour volume
$78.37M
Circulating supply
925.22K
Total supply
1.01M
The current price of Maker is $2,661.836, with a 24-hour trading volume of $78,374,848.80. In the last 24 hours, the price of Maker increased by 0.01%. With a circulating supply of 925,221.480957 MKR and a maximum supply of 1,005,577.00 MKR, Maker's fully diluted market cap stands at $2,676,681,149.25. Currently, Maker ranks #45 by market cap.
Maker (MKR) is a decentralised finance platform built on the Ethereum blockchain. It is a governance token for the MakerDAO (Decentralised Autonomous Organization) system, which provides stablecoins such as DAI. DAI is pegged to the US dollar and can be used as a stable currency in the DeFi ecosystem, allowing users to reduce their exposure to volatile cryptocurrencies such as Bitcoin and Ethereum. MKR holders have a say in the governance of the MakerDAO system and can vote on proposals to change the system's parameters. For example, they can vote on the interest rate for borrowing DAI, the stability fee charged to keep DAI pegged to the US dollar and the collateral types that can be used to back DAI. In addition to its role in the MakerDAO system, MKR is also used as a form of collateral to generate DAI, and it can be bought and sold on cryptocurrency exchanges.