Maker MKR

Overall Ranking: #44

token

Maker Price (MKR)

$1,511.27

2.83%

0.5099 ETH

0.0173 BTC

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Buy MKR Now

Low: $1,501.05

High: $1,604.08

24h

makerdao.com

Explorers

Community

Source Code

Whitepaper

Market Cap

$1,384,269,653
2.83%

Fully Diluted Market Cap

$1,511,269,086
2.83%

Volume
24h

$432,826
3.57%

Volume / Market Cap

0.0003

Circulating Supply

847,225 MKR

Max Supply

1,000,000

Total Supply

870,827

Buy/Sell MKR MKR Analysis All Markets MKR Price History Social Signals MKR News

Maker

MKR

MKR Analysis All Markets MKR Price History Social Signals MKR News

Price:

$1.51K $1,511.27

2.83%

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MKR Analysis All Markets MKR Price History Social Signals MKR News

ERC-20 token standard<\/strong><\/a>. The Maker Protocol essentially is a multi-collateral Dai system that is operated by MakerDAO<\/strong>, which is a decentralized Ethereum-based organization. If you're interested in the current asset performance, check out the MKR price chart above.<\/p>\r\nThe Maker Protocol enables users to issue Dai (DAI) <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-stablecoin/">stablecoins. All they have to do is take out a loan by locking-in collateral in exchange for Dai. Dai is one of the largest stablecoins that has a soft peg to USD. Essentially, any supported collateral, such as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">ETH, can be locked in the Maker Protocol, and an equal amount of Dai will be created as debt. The DAI value is not directly tied to the Maker price.<\/p>\r\n<h2>The Founder of MakerDAO<\/h2>\r\nRune Christensen<\/strong> developed MakerDAO in 2015. Rune Christensen is a Danish entrepreneur who has a degree in biochemistry and international business. Apart from founding MakerDAO, he also co-founded Try China.<\/p>\r\nRune Christensen is accompanied by Steven Becker,<\/strong> who is the COO of the MakerDAO crypto project. He has experience leading various financial projects, including Polus Capital, Cubit Capital, and others.<\/p>\r\nSince its launch, the Maker price has shown a tendency towards mild-to-high volatility. It's also typically followed the broader market trends, with its value changing accordingly.<\/p>\r\n<h2>The Purpose of MKR Tokens<\/h2>\r\nThe main purpose of MKR is to give its holders direct access to the DAI governance process<\/strong>. In order to vote on various modifications that are planned to be made to the Maker Protocol, users have to hold MKR tokens. The influence they have depends on the amount of the Maker coins they hold.<\/p>\r\nThe voting process happens through two pools:<\/p>\r\n<ul>\r\n<li>Proposal pool<\/li>\r\n<li>Executive pool<\/li>\r\n<\/ul>\r\nThe community's opinion on a proposed modification is evaluated using the proposal pool. This process is done to ensure that suggestions for amendments have been carefully considered. After the proposal is approved, it's time to turn to the executive pool. In this pool, holders of MKR tokens can cast a formal vote for or against a certain proposal. The active proposal is then selected based on whatever smart contract address obtains the most MKR tokens.<\/p>\r\nHowever, MKR tokens have one more purpose – recapitalization. This means that MKR tokens can be used to safeguard the DAI stablecoin ecosystem from going bankrupt in times of high volatility<\/strong> in the crypto market. You'll find an in-depth explanation in the next chapter.<\/p>\r\n<h2>The Supply of MKR Tokens<\/h2>\r\nMKR tokens have a dynamic supply, which is influenced by how the changes in the crypto market affect DAI tokens. This happens due to the second function of MKR tokens that was mentioned above. The lack of a maximum supply cap means that MKR is an inflationary asset. Therefore, it may be more difficult to predict the long-term Maker price trends.<\/p>\r\nSo, how does it work?<\/p>\r\nAs a stablecoin, the DAI value is backed by collateral<\/strong>. Other crypto assets that users deposit into Ethereum-based vaults when creating new DAI tokens serve as the collateral backing DAI.<\/p>\r\nIn times of crypto market price declines, the quantity of crypto that is kept in these vaults may not be enough to fully collateralize DAI. To solve that, the Maker Protocol takes a vault that is insufficient and starts an automatic liquidation of its funds. <\/p>\r\nThen, the Maker uses the collected revenue to pay the debts associated with that certain vault. Following that, new MKR tokens are created to compensate for any shortfalls in DAI generated during the liquidation. Essentially, this boosts the total supply and affects the MKR price.<\/p>\r\nOn the other hand, when the quantity of DAI generated by the auctions is above the required threshold, the Maker protocol employs a buy-back-and-burn mechanism for MKR tokens<\/strong>. In essence, the Maker buys a portion of MKR tokens and burns them immediately. This way, the token supply decreases.<\/p>\r\nHowever, additional MKR tokens are not mineable and can only be issued for recapitalization. Nevertheless, you can always buy MKR tokens on various exchanges. Just keep in mind that the Maker price is prone to fluctuate.<\/p>","disclaimer":null,"url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/maker-mkr-price","crypto_currency_info":{"id":34,"crypto_currency_id":143,"description":"Maker (MKR) is a cryptocurrency and operates on the Ethereum platform. Maker has a current supply of 977,631.03695089. The last known price of Maker is 2,043.12551159 USD and is up 1.19 over the last 24 hours. It is currently trading on 237 active market(s) with $53,535,707.28 traded over the last 24 hours. 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Maker has a current supply of 977,631.03695089. The last known price of Maker is 2,043.12551159 USD and is up 1.19 over the last 24 hours. It is currently trading on 237 active market(s) with $53,535,707.28 traded over the last 24 hours. More information can be found at https:\\\/\\\/makerdao.com\\\/.\",\"slug\":\"maker\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/1518.png\",\"subreddit\":\"MakerDAO\",\"notice\":\"\",\"tags\":[\"store-of-value\",\"defi\",\"dao\",\"polychain-capital-portfolio\",\"governance\",\"lending-borowing\",\"dragonfly-capital-portfolio\",\"electric-capital-portfolio\",\"a16z-portfolio\",\"1confirmation-portfolio\",\"placeholder-ventures-portfolio\",\"pantera-capital-portfolio\",\"paradigm-portfolio\",\"near-protocol-ecosystem\",\"spartan-group\",\"bnb-chain\"],\"tag-names\":[\"Store Of Value\",\"DeFi\",\"DAO\",\"Polychain Capital Portfolio\",\"Governance\",\"Lending & Borrowing\",\"DragonFly Capital Portfolio\",\"Electric Capital Portfolio\",\"a16z Portfolio\",\"1Confirmation Portfolio\",\"Placeholder Ventures Portfolio\",\"Pantera Capital Portfolio\",\"Paradigm Portfolio\",\"Near Protocol Ecosystem\",\"Spartan Group\",\"BNB Chain\"],\"tag-groups\":[\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/makerdao.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/MakerDAO\"],\"message_board\":[],\"chat\":[\"https:\\\/\\\/t.me\\\/makerdaoOfficial\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/Maker\",\"https:\\\/\\\/ethplorer.io\\\/address\\\/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2\",\"https:\\\/\\\/blockchair.com\\\/ethereum\\\/erc-20\\\/token\\\/0xda27b988921a0659bceac1abd4b43a295c8296f4\",\"https:\\\/\\\/eth.tokenview.com\\\/en\\\/token\\\/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2\",\"https:\\\/\\\/avascan.info\\\/blockchain\\\/c\\\/token\\\/0x88128fd4b259552A9A1D457f435a6527AAb72d42\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\"],\"technical_doc\":[\"https:\\\/\\\/makerdao.com\\\/en\\\/whitepaper\\\/#overview-of-the-dai-stablecoin-system\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/makerdao\"],\"announcement\":[]},\"platform\":{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2\"},\"date_added\":\"2017-01-29T00:00:00.000Z\",\"twitter_username\":\"MakerDAO\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2\",\"platform\":{\"name\":\"Ethereum\",\"coin\":{\"id\":\"1027\",\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\"}}},{\"contract_address\":\"0x5f0da599bb2cccfcf6fdfd7d81743b6020864350\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}},{\"contract_address\":\"0x88128fd4b259552A9A1D457f435a6527AAb72d42\",\"platform\":{\"name\":\"Avalanche C-Chain\",\"coin\":{\"id\":\"5805\",\"name\":\"Avalanche\",\"symbol\":\"AVAX\",\"slug\":\"avalanche\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:16.000000Z","updated_at":"2023-05-18T14:34:11.000000Z"},"social_profile":{"id":141,"profilable_type":"CryptoCurrency","profilable_id":143,"twitter":"{\"name\":\"Maker is now Sky\",\"username\":\"@MakerDAO\",\"follower_count\":4353,\"following_count\":64,\"tweet_count\":4,\"created_at\":\"2023-04-14 00:00:00\"}","reddit":"{\"subscribers\":37599,\"description\":\"The Maker Protocol, also known as the Multi-Collateral Dai system, allows users to generate Dai by leveraging collateral assets approved by \\u201cMaker Governance.\\u201d Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.\",\"created_at\":\"2015-08-16 00:00:00\",\"subreddit_type\":\"public\",\"subreddit_name\":\"r\\\/MakerDAO\",\"moderators\":4,\"hot\":[{\"title\":\"Unable to see my SKY Balance on any wallet I have tried so far (MM & LL)\",\"author\":\"Pale_Arachnid_4883\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1pqokny\\\/unable_to_see_my_sky_balance_on_any_wallet_i_have\\\/\",\"created_at\":\"2025-12-19 15:54:33\",\"icons\":[]},{\"title\":\"Annual State of Sky Ecosystem | 2025\",\"author\":\"lotsaputs\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1ppbv67\\\/annual_state_of_sky_ecosystem_2025\\\/\",\"created_at\":\"2025-12-17 23:41:21\",\"icons\":[]},{\"title\":\"Keel Keynote Speech at Breakpoint December 11 2025\",\"author\":\"lotsaputs\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1pkbwo8\\\/keel_keynote_speech_at_breakpoint_december_11_2025\\\/\",\"created_at\":\"2025-12-11 23:07:06\",\"icons\":[]},{\"title\":\"Anyone have any idea why this keeps happening?\",\"author\":\"dwertyyhhhgg\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1om7qsv\\\/anyone_have_any_idea_why_this_keeps_happening\\\/\",\"created_at\":\"2025-11-02 04:00:53\",\"icons\":[]},{\"title\":\"Best decentralized exchange to swap BTC to DAI ( no kyc )\",\"author\":\"Outrageous_Matter124\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1ogxakj\\\/best_decentralized_exchange_to_swap_btc_to_dai_no\\\/\",\"created_at\":\"2025-10-26 22:01:09\",\"icons\":[]},{\"title\":\"Worth buyimg into Sky?\",\"author\":\"Longjumping_Road8962\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1nthp3h\\\/worth_buyimg_into_sky\\\/\",\"created_at\":\"2025-09-29 13:13:53\",\"icons\":[]},{\"title\":\"Vaults for Maker DAO opened in 2021 at Oasis App\",\"author\":\"przeor\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1noqxt7\\\/vaults_for_maker_dao_opened_in_2021_at_oasis_app\\\/\",\"created_at\":\"2025-09-23 19:31:05\",\"icons\":[]},{\"title\":\"Maker ($MKR) | Price Outlook 2025 \\ud83d\\ude80\",\"author\":\"CryptoForecast1\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1necxdi\\\/maker_mkr_price_outlook_2025\\\/\",\"created_at\":\"2025-09-11 16:11:19\",\"icons\":[]},{\"title\":\"Recovering old PETH\",\"author\":\"kwsark\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1ne3n91\\\/recovering_old_peth\\\/\",\"created_at\":\"2025-09-11 08:48:43\",\"icons\":[]},{\"title\":\"Didn\\u2019t realize how many top DeFi projects are built on MakerDAO until I saw this \\ud83e\\udd2f\",\"author\":\"Classic_Pension_3448\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1mx2s6t\\\/didnt_realize_how_many_top_defi_projects_are\\\/\",\"created_at\":\"2025-08-22 10:27:11\",\"icons\":[]},{\"title\":\"Is there still the ability to borrow DAI against a Liquidity Pool?\",\"author\":\"brokemac\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1ms06d4\\\/is_there_still_the_ability_to_borrow_dai_against\\\/\",\"created_at\":\"2025-08-16 16:30:17\",\"icons\":[]},{\"title\":\"Nearly a Decade in the Game, and This Still Feels Unreal\",\"author\":\"WINH4X\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1mokwxr\\\/nearly_a_decade_in_the_game_and_this_still_feels\\\/\",\"created_at\":\"2025-08-12 21:02:40\",\"icons\":[]},{\"title\":\"MakerDao Swap to Sky or NOT?\",\"author\":\"Even_Journalist_741\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1mcs80c\\\/makerdao_swap_to_sky_or_not\\\/\",\"created_at\":\"2025-07-30 00:24:22\",\"icons\":[]},{\"title\":\"Could anyone please direct me to the official instructions on how to do the swap from MKR to SKY?\",\"author\":\"mashandveg\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1malxla\\\/could_anyone_please_direct_me_to_the_official\\\/\",\"created_at\":\"2025-07-27 13:11:30\",\"icons\":[]},{\"title\":\"A Look at SKY (formerly MakerDAO) Protocol | Data on TVL, DAI, USDS and More | July 2025\",\"author\":\"Acidyo\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1lxdpik\\\/a_look_at_sky_formerly_makerdao_protocol_data_on\\\/\",\"created_at\":\"2025-07-11 17:58:11\",\"icons\":[]},{\"title\":\"Why maker pumping?\",\"author\":\"Unable-Cress8887\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1l2ez6p\\\/why_maker_pumping\\\/\",\"created_at\":\"2025-06-03 15:32:54\",\"icons\":[]},{\"title\":\"Is DAI being let go by MakerDAO for real now?\",\"author\":\"zmooner\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1knku58\\\/is_dai_being_let_go_by_makerdao_for_real_now\\\/\",\"created_at\":\"2025-05-15 22:06:41\",\"icons\":[]},{\"title\":\"Oasis is now Summer.fi\\u2026 and\",\"author\":\"Dictator-Tom\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1k746tn\\\/oasis_is_now_summerfi_and\\\/\",\"created_at\":\"2025-04-24 21:38:34\",\"icons\":[]},{\"title\":\"\\ud83c\\udfc6 UEFA Champions League \\u2013 PSG vs Aston Villa\\nUnderdog story or dominant display?\",\"author\":\"[deleted]\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1jsb1f3\\\/uefa_champions_league_psg_vs_aston_villa_underdog\\\/\",\"created_at\":\"2025-04-05 19:09:31\",\"icons\":[]},{\"title\":\"Rebel Finance Stablecoin edition\",\"author\":\"Tuttle_Cap_Mgmt\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1jlddpc\\\/rebel_finance_stablecoin_edition\\\/\",\"created_at\":\"2025-03-27 20:53:04\",\"icons\":[]},{\"title\":\"Breaking! The total value locked (TVL) in RWAs Surpassed Over $10 billion, and Maker is the top protocol That Contributed \\ud83d\\udd25\",\"author\":\"CPMarkets\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1jijw1s\\\/breaking_the_total_value_locked_tvl_in_rwas\\\/\",\"created_at\":\"2025-03-24 05:51:41\",\"icons\":[]},{\"title\":\"If DAI is 100% forked in a chain, what happens to it?\",\"author\":\"I-_Synthesis_-I\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1jde4ix\\\/if_dai_is_100_forked_in_a_chain_what_happens_to_it\\\/\",\"created_at\":\"2025-03-17 14:36:19\",\"icons\":[]},{\"title\":\"Has anyone had their Dai frozen?\",\"author\":\"brdbrd1\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1j50rqo\\\/has_anyone_had_their_dai_frozen\\\/\",\"created_at\":\"2025-03-06 17:24:33\",\"icons\":[]},{\"title\":\"Unlock the Future: Cryptocurrency, AI, and Rewards - Grass DePIN\",\"author\":\"WarriorNysty\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1j55nuk\\\/unlock_the_future_cryptocurrency_ai_and_rewards\\\/\",\"created_at\":\"2025-03-06 20:46:57\",\"icons\":[]},{\"title\":\"What is happening to MKR?\",\"author\":\"IIIDrSt0neIII\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/MakerDAO\\\/comments\\\/1iw83m9\\\/what_is_happening_to_mkr\\\/\",\"created_at\":\"2025-02-23 11:26:27\",\"icons\":[]}]}","github":"{\"public_repos\":0,\"bio\":\"GitHub URL has been changed to https:\\\/\\\/github.com\\\/sky-ecosystem\",\"type\":\"Organization\",\"username\":\"makerdao\",\"user_link\":\"https:\\\/\\\/github.com\\\/makerdao\",\"created_at\":\"2025-06-10 00:00:00\"}","telegram":"{\"title\":\"MakerDAO Chat\",\"description\":\"Official chat for MakerDAO.\",\"chat_id\":\"@makerdaoOfficial\",\"member_count\":11039}","domain":"{\"domain_rating\":76,\"ahrefs_top\":25513,\"traffic\":8842.297057523765,\"website\":\"https:\\\/\\\/makerdao.com\"}"},"halving_page":null,"buy_page":{"id":2968,"crypto_currency_id":143,"button_link":null,"slug":"maker-mkr","created_at":"2023-05-24T12:46:26.000000Z","updated_at":"2023-08-16T12:42:59.000000Z","content":null,"middle_cta_text":null,"introduction":null,"reasons":null,"benefits":null,"faq":null,"status":"published","published_at":"2023-05-24T12:46:26.000000Z","url":"https:\/\/www.bitdegree.org\/crypto\/buy-maker-mkr"}}" :fiat-currency=""USD"">

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Live MKR Price Analysis

The current real time Maker price is $1,511.27, and its trading volume is $432,826 in the last 24 hours. MKR price has plummeted by 2.83% in the last day, and increased by 10.41% in the last 7 days. It's important to note that current Maker market capitalization is $1,384,269,653, and the maximum supply is 1,000,000 MKR coins. Talking about circulating supply, MKR has 0 coins. Currently, Maker rank on the market is #44.

Maker price today is 76.16% below all time high, and it is 7,076.08% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling MKR are Kraken, Binance & Coinbase. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is the Maker Protocol (MKR)?

Maker (MKR) is a utility token of the Maker Protocol based on the ERC-20 token standard. The Maker Protocol essentially is a multi-collateral Dai system that is operated by MakerDAO, which is a decentralized Ethereum-based organization. If you're interested in the current asset performance, check out the MKR price chart above.

The Maker Protocol enables users to issue Dai (DAI) stablecoins. All they have to do is take out a loan by locking-in collateral in exchange for Dai. Dai is one of the largest stablecoins that has a soft peg to USD. Essentially, any supported collateral, such as ETH, can be locked in the Maker Protocol, and an equal amount of Dai will be created as debt. The DAI value is not directly tied to the Maker price.

The Founder of MakerDAO

Rune Christensen developed MakerDAO in 2015. Rune Christensen is a Danish entrepreneur who has a degree in biochemistry and international business. Apart from founding MakerDAO, he also co-founded Try China.

Rune Christensen is accompanied by Steven Becker, who is the COO of the MakerDAO crypto project. He has experience leading various financial projects, including Polus Capital, Cubit Capital, and others.

Since its launch, the Maker price has shown a tendency towards mild-to-high volatility. It's also typically followed the broader market trends, with its value changing accordingly.

The Purpose of MKR Tokens

The main purpose of MKR is to give its holders direct access to the DAI governance process. In order to vote on various modifications that are planned to be made to the Maker Protocol, users have to hold MKR tokens. The influence they have depends on the amount of the Maker coins they hold.

The voting process happens through two pools:

Proposal pool

Executive pool

The community's opinion on a proposed modification is evaluated using the proposal pool. This process is done to ensure that suggestions for amendments have been carefully considered. After the proposal is approved, it's time to turn to the executive pool. In this pool, holders of MKR tokens can cast a formal vote for or against a certain proposal. The active proposal is then selected based on whatever smart contract address obtains the most MKR tokens.

However, MKR tokens have one more purpose – recapitalization. This means that MKR tokens can be used to safeguard the DAI stablecoin ecosystem from going bankrupt in times of high volatility in the crypto market. You'll find an in-depth explanation in the next chapter.

The Supply of MKR Tokens

MKR tokens have a dynamic supply, which is influenced by how the changes in the crypto market affect DAI tokens. This happens due to the second function of MKR tokens that was mentioned above. The lack of a maximum supply cap means that MKR is an inflationary asset. Therefore, it may be more difficult to predict the long-term Maker price trends.

So, how does it work?

As a stablecoin, the DAI value is backed by collateral. Other crypto assets that users deposit into Ethereum-based vaults when creating new DAI tokens serve as the collateral backing DAI.

In times of crypto market price declines, the quantity of crypto that is kept in these vaults may not be enough to fully collateralize DAI. To solve that, the Maker Protocol takes a vault that is insufficient and starts an automatic liquidation of its funds.

Then, the Maker uses the collected revenue to pay the debts associated with that certain vault. Following that, new MKR tokens are created to compensate for any shortfalls in DAI generated during the liquidation. Essentially, this boosts the total supply and affects the MKR price.

On the other hand, when the quantity of DAI generated by the auctions is above the required threshold, the Maker protocol employs a buy-back-and-burn mechanism for MKR tokens. In essence, the Maker buys a portion of MKR tokens and burns them immediately. This way, the token supply decreases.

However, additional MKR tokens are not mineable and can only be issued for recapitalization. Nevertheless, you can always buy MKR tokens on various exchanges. Just keep in mind that the Maker price is prone to fluctuate.

What's Maker trading volume in the last 24 hours?

MKR has a trading volume of $432,826 in the last 24 hours.

What's Maker highest price ever?

MKR has a highest price of $6,339.02, which was reached on May 03, 2021 (4 years 7 months ago).

What's Maker lowest price ever?

MKR has a lowest price of $21.06, which was reached on Jan 30, 2017 (8 years 10 months ago).

What are the best exchanges for buying and selling MKR?

Currently, the most active and dominating exchanges for buying and selling Maker are Kraken, Binance & Coinbase. The most popular Maker trading pairs are MKR/USD (on Coinbase ), MKR/WETH (on SushiSwap ), MKR/BTC (on Coinbase ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping MKR?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Maker. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Pages Related to Maker

Read the hottest Crypto News.

Watch Animated Crypto Video Explainers.

Learn Crypto From Scratch.

Maker Markets' Analysis

The in-depth analysis of Maker Markets shows that the top exchanges are Kraken. It's clear that the most popular trading pairs currently are USDC/EUR, USDC/USD, USDT/EUR, SOL/USD, XBT/USDT. Looking at the combined Volume of these Top 5 MKR pairs, it's evident that they have an overall market dominance of 82,085%, which makes up a worth of $355,286,119. Currently, the Number 1 Maker trading pair is USDCEUR, with the current price of $1.08 & a volume of $136,578,561 with a dominance 31,555% rate.

Maker (MKR) Markets

# Exchange Base Currency Quote Currency Name Price Volume Volume %

1 Coinbase Centralized Exchange Maker MKR US Dollar USD MKR/USD $1,511.26 $417,145 276 MKR 96.38%

2 SushiSwap Decentralized Exchange Maker MKR WETH WETH MKR/WETH $1,516.22 $12,419 8 MKR 2.87%

3 Coinbase Centralized Exchange Maker MKR Bitcoin BTC MKR/BTC $1,574.15 $63 0 MKR 0.01%

4 DigiFinex Centralized Exchange Maker MKR Tether USDT MKR/USDT $1,809.65 $0 0 MKR 0.00%

5 Bitstamp Centralized Exchange Maker MKR Euro EUR MKR/EUR $1,555.17 $3,070 2 MKR 0.71%

Maker (MKR) Markets

Loading...

# Exchange Base Currency Quote Currency Name Price Volume Volume %

Maker Price History Analysis

Price History for Maker (MKR)

Date Open High Low Close Volume Market Cap

Dec 21, 2025 $1,408.07 $1,493.23 $1,405.75 $1,481.31 $246,367 $1,384,269,653

Dec 20, 2025 $1,337.44 $1,424.78 $1,325.37 $1,406.24 $194,342 $1,384,269,653

Dec 19, 2025 $1,341.52 $1,402.90 $1,333.88 $1,333.88 $2,989,283 $1,384,269,653

Dec 18, 2025 $1,402.77 $1,426.37 $1,312.84 $1,341.52 $3,063,495 $1,384,269,653

Dec 17, 2025 $1,371.60 $1,407.08 $1,336.65 $1,402.76 $2,944,804 $1,384,269,653

Loading...

Date Open High Low Close Volume Market Cap

On this day

December 23

Maker MKR

Today

$1,511.27

| 5.32%

2024 (1 year ago)

$1,621.98

| 23.19%

2023 (2 years ago)

$1,316.65

| 138.67%

2022 (3 years ago)

$551.66

| 77.45%

2021 (4 years ago)

$2,446.49

| 345.82%

2020 (5 years ago)

$548.77

| 8.56%

2019 (6 years ago)

$505.51

| 19.05%

2018 (7 years ago)

$424.61

| 48.43%

2017 (8 years ago)

$823.40

Share on

Maker Popularity Metric Analysis

By analyzing Maker social media signals, you can instantly see how active, community-involved and popular the company is. Looking at Maker X statistics, it's clear that the brand has 4,353 followers, which is considered to be a quite small follower base. On the other hand, Maker is following 64 X accounts. It's important to note that Maker has posted 4 tweets since it joined X on Apr 14, 2023, which shows the brand's level of involvement and proactiveness.

Looking at Maker Telegram stats, the project has 11,039 members. Maker currently has 8,842 monthly organic visitors to its website, which is quite a low amount of traffic. The company's Ahrefs Rank is 25,513, and the Website Domain Rating is 76 - both of these metrics are deemed as very good.

Maker has joined Reddit on Aug 16, 2015. Since then, the brand has generated 37,599 subscribers, which is a small fan base. Maker GitHub activity began on Jun 10, 2025, until now it has 0 public repositories.

X Stats
Visit X

Followers

4.35K

0.11%

Joined at Apr 14, 2023

Following

64

0.00%

Posts count

4

0.00%

Reddit Stats
Visit Reddit

Subscribers

37.59K

0.02%

Joined at Aug 16, 2015

Subreddit type

public

Moderators

4

0.00%

Telegram Stats
Visit Telegram

Members

0.05%

Title

MakerDAO Chat

Website Traffic
Visit Website

Website Rating (DR)

76 / 100

0.00%

Ahrefs Rank

25,513

0.42%

Organic Traffic (mo.)

8,842

1.83%

GitHub Organization
Visit GitHub

Public repos

0

Created at Jun 10, 2025

Type

Organization

GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Maker (MKR) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now

r/MakerDAO hot topics

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Maker ($MKR) | Price Outlook 2025 🚀

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Recovering old PETH

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Posted by u/Classic_Pension_3448 4 months 20 hours ago

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Posted by u/brokemac 4 months 6 days ago

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Posted by u/WINH4X 4 months 1 week ago

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Posted by u/Even_Journalist_741 4 months 3 weeks ago

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Posted by u/mashandveg 4 months 3 weeks ago

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Posted by u/Acidyo 5 months 1 week ago

Why maker pumping?

Posted by u/Unable-Cress8887 6 months 2 weeks ago

Is DAI being let go by MakerDAO for real now?

Posted by u/zmooner 7 months 1 week ago

Oasis is now Summer.fi… and

Posted by u/Dictator-Tom 7 months 4 weeks ago

🏆 UEFA Champions League – PSG vs Aston Villa Underdog story or dominant display?

Posted by u/[deleted] 8 months 2 weeks ago

Rebel Finance Stablecoin edition

Posted by u/Tuttle_Cap_Mgmt 8 months 3 weeks ago

Breaking! The total value locked (TVL) in RWAs Surpassed Over $10 billion, and Maker is the top protocol That Contributed 🔥

Posted by u/CPMarkets 8 months 4 weeks ago

If DAI is 100% forked in a chain, what happens to it?

Posted by u/I-_Synthesis_-I 9 months 5 days ago

Has anyone had their Dai frozen?

Posted by u/brdbrd1 9 months 2 weeks ago

Unlock the Future: Cryptocurrency, AI, and Rewards - Grass DePIN

Posted by u/WarriorNysty 9 months 2 weeks ago

What is happening to MKR?

Posted by u/IIIDrSt0neIII 9 months 4 weeks ago

@MakerDAO posts

"},"review_countries_for_request":[{"id":4,"country_code":null,"internal_score":9.8,"order":1,"review_id":4,"created_at":"2024-12-31T15:14:28.000000Z","updated_at":"2025-09-12T12:07:07.000000Z"}]},{"id":1,"vertical":"crypto","small_logo_id":39921,"is_empty_review":false,"provider_name":"Binance","link":"https:////www.bitdegree.org//crypto//goon//binance-register","title":"Binance Review","slug":"binance-review","status":"published","exchange":{"id":95,"review_id":1,"logo":"\/crypto-prices\/exchanges\/binance.png","slug":"binance","url":"https:\/\/www.bitdegree.org\/top-crypto-exchanges\/binance","name_with_link":"<a href=https://www.bitdegree.org/"https:////www.bitdegree.org//top-crypto-exchanges//binance/">"},"review_countries_for_request":[{"id":1,"country_code":null,"internal_score":9.4,"order":3,"review_id":1,"created_at":"2024-12-31T15:14:28.000000Z","updated_at":"2025-09-29T14:20:35.000000Z"}]},{"id":3,"vertical":"crypto","small_logo_id":39922,"is_empty_review":false,"provider_name":"Coinbase","link":"https:////www.bitdegree.org//crypto//goon//coinbase","title":"Coinbase Review","slug":"coinbase-review","status":"published","exchange":{"id":23,"review_id":3,"logo":"\/crypto-prices\/exchanges\/coinbase.png","slug":"coinbase","url":"https:\/\/www.bitdegree.org\/top-crypto-exchanges\/coinbase","name_with_link":"<a href=https://www.bitdegree.org/"https:////www.bitdegree.org//top-crypto-exchanges//coinbase/">"},"review_countries_for_request":[{"id":3,"country_code":null,"internal_score":8.6,"order":6,"review_id":3,"created_at":"2024-12-31T15:14:28.000000Z","updated_at":"2025-09-29T14:20:35.000000Z"}]}]">

Maker Price

$1,511.27

Price Change 24h

-$42.77
2.83%

24h Low / 24h High

$1,501.05 /
$1,604.08

All Time High
May 03, 2021 (4 years 7 months ago)

$6,339.02
76.16%

All Time Low
Jan 30, 2017 (8 years 10 months ago)

$21.06
7,076.08%

Trading Volume 24h

$432,826
3.57%

Volume / Market Cap

0.0003

Market Dominance

0.05%

Market Rank

#44

Market Cap

$1,384,269,653
2.83%

Fully Diluted Market Cap

$1,511,269,086
2.83%

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#	Exchange	Base Currency	Quote Currency	Name	Price	Volume	Volume %
1	Coinbase Centralized Exchange	Maker MKR	US Dollar USD	MKR/USD	$1,511.26	$417,145 276 MKR	96.38%
2	SushiSwap Decentralized Exchange	Maker MKR	WETH WETH	MKR/WETH	$1,516.22	$12,419 8 MKR	2.87%
3	Coinbase Centralized Exchange	Maker MKR	Bitcoin BTC	MKR/BTC	$1,574.15	$63 0 MKR	0.01%
4	DigiFinex Centralized Exchange	Maker MKR	Tether USDT	MKR/USDT	$1,809.65	$0 0 MKR	0.00%
5	Bitstamp Centralized Exchange	Maker MKR	Euro EUR	MKR/EUR	$1,555.17	$3,070 2 MKR	0.71%

Date	Open	High	Low	Close	Volume	Market Cap
Dec 21, 2025	$1,408.07	$1,493.23	$1,405.75	$1,481.31	$246,367	$1,384,269,653
Dec 20, 2025	$1,337.44	$1,424.78	$1,325.37	$1,406.24	$194,342	$1,384,269,653
Dec 19, 2025	$1,341.52	$1,402.90	$1,333.88	$1,333.88	$2,989,283	$1,384,269,653
Dec 18, 2025	$1,402.77	$1,426.37	$1,312.84	$1,341.52	$3,063,495	$1,384,269,653
Dec 17, 2025	$1,371.60	$1,407.08	$1,336.65	$1,402.76	$2,944,804	$1,384,269,653

Maker MKR

Live MKR Price Analysis

What Is the Maker Protocol (MKR)?

The Founder of MakerDAO

The Purpose of MKR Tokens

The Supply of MKR Tokens

What's Maker trading volume in the last 24 hours?

What's Maker highest price ever?

What's Maker lowest price ever?

What are the best exchanges for buying and selling MKR?

What are the safest hardware wallets for keeping MKR?

Pages Related to Maker

Maker Markets' Analysis

Maker (MKR) Markets

Maker Price History Analysis

On this day

December 23

Maker MKR

Maker Popularity Metric Analysis

r/MakerDAO hot topics

@MakerDAO posts

Cryptocurrencies similar to Maker

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