Maker is a decentralized platform behind the stablecoin DAI, which is pegged to the US dollar. Maker enables users to mint DAI by locking collateral in smart contracts. Its governance token, MKR, allows holders to participate in the protocol’s decision-making.
GoKrypto's live cryptocurrency price and market cap tracker showcases the top 15 digital currencies based on market capitalization. Market cap, which represents the total value of a cryptocurrency, serves as a key indicator for investors assessing the stability and growth potential of assets like Bitcoin and Ethereum. In addition to real-time prices, GoKrypto also provides 24-hour transaction volume insights, offering a glimpse into market activity, investor interest, and overall liquidity.
Maker Live Price and Market Performance – Maker (MKR) is one of the pioneering decentralized finance (DeFi) protocols, operating at the core of MakerDAO’s ecosystem.
It underpins the DAI stablecoin, playing a key role in maintaining DAI’s peg through governance and collateral management.
Before investing in crypto, be aware of its volatility. Research thoroughly and assess your financial stability.
Following MKR’s market cap, trading volume, and live price data helps traders, investors, and DeFi enthusiasts stay informed about Maker’s position within the evolving crypto landscape.
Below, you’ll find details about the MKR to USD price chart, historical milestones, and the primary forces shaping its value.
The MKR to USD live chart presents real-time pricing for Maker, enabling users to monitor market trends and volatility as they emerge.
As MakerDAO’s governance token, MKR can see rapid price fluctuations based on developments such as upgrades to the protocol, regulatory news around stablecoins, or overall DeFi market sentiment.
Keeping tabs on real-time price data helps market participants respond to emerging opportunities or risks.
Market cap quantifies the total value of MKR tokens in circulation, while trading volume reveals how actively MKR is bought and sold within a set timeframe.
Both metrics shed light on Maker’s liquidity, adoption, and potential vulnerability to price swings.
Maker’s value is influenced by both internal protocol mechanics and broader DeFi market trends, including:
Traders study historical price movements, volume data, and key indicators to forecast possible MKR price directions. Commonly used technical tools include:
Maker’s journey reflects the growth of DeFi, with major milestones shaped by market cycles and protocol advancements:
As a foundational DeFi protocol, Maker continues to evolve through new features, governance updates, and strategic growth. Potential influences include:
Maker stands as a leading force in decentralized finance, anchoring a diverse DeFi ecosystem via its DAI stablecoin.
By closely following MKR’s live price movements, market cap, and trading volume, market participants can better anticipate shifts tied to regulatory changes, protocol updates, or broader crypto trends.
While Maker’s foundational role in DeFi bodes well for long-term growth, investors should prepare for volatility and the need for ongoing innovation to remain at the forefront of decentralized finance.
MKR (Maker) is a governance token for the Maker Protocol, which powers the DAI stablecoin on the Ethereum blockchain. The current price of 1 MKR is €1,035.69 ($1,115.68 USD).
Maker (MKR) is expensive because:
MKR is the governance and utility token for MakerDAO and the Maker Protocol, used for voting on decisions that impact DAI stablecoin management.
No, MKR cannot be mined. Instead, it is minted and burned based on the performance of the Maker Protocol.
No, MKR is not a stablecoin. It is a governance token, while DAI is the stablecoin created by the Maker Protocol.
MKR can be a good investment for those interested in DeFi governance. However, it is volatile, and its value depends on DAI’s adoption and MakerDAO’s success.
MakerDAO was founded in Denmark by Rune Christensen in 2014.
MKR is an ERC-20 token built on the Ethereum blockchain.
MKR is owned and governed by MakerDAO, a decentralized community where MKR holders vote on protocol decisions.
MakerDAO was created in 2014, and DAI stablecoin was launched in 2017.
MKR is used for:
The initial supply was 1 million MKR, but it changes dynamically due to minting and burning mechanisms.
To convert MKR to SKY (Skycoin), follow these steps:
Real-Time Counterparty Price and Market Performance – Counterparty (XCP) is a cryptocurrency that shapes market...
Nervos Network (CKB) Live Price and Market Performance – Nervos Network is a multi-layered, Proof-of-Work-based...
Internet Computer (ICP) Live Price and Market Performance – Internet Computer is a cutting-edge blockchain...
Particl (PART) Live Price and Market Performance – Particl is a privacy-centric blockchain platform aiming...