Overview
Maker (MKR) is an Ethereum-based token central to the Dai Stablecoin ecosystem. It plays a vital role in governance, security, and system stability. Below is a comprehensive analysis of MKR's market performance, supply dynamics, and operational framework.
Market Capitalization
- Current Market Cap: $884.78 million (Ranked #93)
- 24h Change: -5.50%
Token Supply Metrics [Verified]
Circulating Supply
- Circulating Supply: 470,167 MKR
- Total Supply: 493,770 MKR
- Max Supply: 1.01 million MKR
Last updated: 6 days ago
👉 Why Supply Matters: A high circulating supply ensures liquidity and reduces volatility, making MKR more stable for investors. Explore more about token economics
Exchange Listings & Trading Volume
MKR is listed on 62 exchanges, including major platforms:
| Exchange | Trading Pair | 24h Volume |
|---|---|---|
| Binance | MKR/USDT | $5.68 million |
| Poloniex | MKR/USDT | $4.34 million |
| LBank | MKR/USDT | $2.59 million |
| Coinbase | MKR/USD | $2.28 million |
| HTX Global | MKR/USDT | $2.27 million |
Data reflects real-time trading activity.
Key Statistics
| Metric | Value |
|---|---|
| All-Time High (ATH) | $6,376.10 (May 3, 2021) |
| Volume/Market Cap | 0.0481 |
| Fully Diluted Valuation (FDV) | $1.89 billion |
| Price in BTC | 0.0173 BTC |
| Listing Date | August 9, 2017 (8 years ago) |
What Is Maker (MKR)?
Maker (MKR) is the governance token for the Dai Stablecoin system, enabling decentralized decision-making and collateralization mechanisms. Holders participate in:
- Voting on protocol upgrades
- Risk parameter adjustments
- System surplus allocation
Additional Insights
Contract Addresses
- Ethereum:
0x9f8f...9a2 - BNB Smart Chain:
0x5f0d...4350 - Polygon:
0x6f7C...F61d
👉 Pro Tip: Always verify contract addresses before transactions to avoid scams. Learn security best practices
FAQ Section
1. What drives MKR's value?
MKR’s value stems from its utility in governing the Dai ecosystem and capturing fees from system operations.
2. How does MKR differ from Dai (DAI)?
While DAI is a stablecoin pegged to USD, MKR is a volatile governance token used to manage the DAI system.
3. Where can I stake MKR?
MKR can be staked in MakerDAO’s governance modules or delegated to voting representatives.
4. What’s MKR’s inflation rate?
MKR has no fixed inflation; supply changes are voted on by token holders.
5. Is MKR a good investment?
MKR suits those interested in decentralized finance (DeFi) governance, though its price is highly volatile.
Final Thoughts
Maker (MKR) remains a cornerstone of DeFi governance, with its market position reflecting its critical role in the Dai ecosystem. For real-time updates, track MKR’s performance across leading exchanges and governance forums.
### Keywords:
- Maker (MKR)
- Dai Stablecoin
- Governance token
- Ethereum
- DeFi
- Market capitalization
- Token supply
- Cryptocurrency exchanges