All-time High
$6,339.02
May 04, 2021
All-time Low
$21.06
Jan 30, 2017
Volume(24h)
$142.58M
Turnover rate
6.73%
Market Cap
$2.1178B
FDV
$2.1B
Circulating supply
$1.79B
Total supply
$870.83K
Max supply
1M
Website
Contracts
Explorers
https://etherscan.io/token/Maker
https://etherscan.io/token/Maker
https://app.nansen.ai/token-god-mode?chain=ethereum&tab=transactions&tokenAddress=0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
https://www.oklink.com/eth/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
https://blockchair.com/ethereum/erc-20/token/0xda27b988921a0659bceac1abd4b43a295c8296f4
https://eth.tokenview.com/en/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2

Currency Calculator
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About Maker
Where Can You Buy Maker (MKR)?
Maker token trading is available on such exchanges as: * [Binance](https://coinmarketcap.com/exchanges/binance/) * [OKEx](https://coinmarketcap.com/exchanges/okex/) * [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v2/) * [Coinbase Pro](https://coinmarketcap.com/exchanges/coinbase-pro/)
How Is the Maker Network Secured?
MKR is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token, meaning that it runs on and is secured by the Ethereum [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain). Ethereum, in turn, is secured by its Ethash [proof-of-work](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) function.
How Many Maker [MKR] Coins Are There in Circulation?
The issuance and removal of MKR from the system is governed by a complex system of interdependent mechanisms designed to ensure that DAI is always fully collateralized by other cryptocurrency assets and its soft peg to the USD is maintained. There is no hard-coded limit on the total supply of MKR. DAI’s value is secured by collateral — other cryptocurrencies that are deposited by users when minting new DAI tokens and stored in so-called vaults — [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) on the Ethereum blockchain. During price downswings, the value of crypto stored in the vault might become insufficient to fully collateralize the corresponding amount of DAI. In that case, the Maker Protocol automatically initiates the liquidation of the vault’s contents, the proceeds of which it uses to cover that vault’s obligations. If the amount of DAI generated during the liquidation is not enough, the Maker Protocol mints new MKR tokens to sell and cover the remaining sum, thereby increasing the total supply. However, in some cases, the amount of DAI made from the auctions exceeds the necessary limit to ensure full collateralizations — then, it is used by the Maker Protocol to buy back and burn MKR tokens, decreasing their total supply. Thus, the supply of MKR is a dynamic value that changes depending on market conditions and the overall health of the DAI ecosystem. As of October 2020, the circulating supply of Maker tokens is about 1 million, worth more than $500 million.
What Makes Maker Unique?
As of October 2020, DAI is one of the most popular stablecoins (cryptocurrencies whose prices are pegged to the USD or another traditional currency). It is the 25th largest cryptocurrency at over $800 million in market capitalization and it has more active addresses than USDT — the largest stablecoin on the market. MKR’s unique proposition lies in the fact that it allows its holders to directly participate in the process of governing DAI. Every holder of Maker tokens has the right to vote on a number of changes to the Maker Protocol, with their voting power depending on the size of their MKR stake. Some of the aspects of the protocol the holders can vote on are: * Adding new collateral asset types to the protocol, allowing users to submit new cryptocurrencies to mint more DAI; * Amend the risk parameters of existing collateral asset types; * Change the DAI Savings Rate: holders of DAI tokens can earn savings by locking them in a special contract, and the Savings Rate impacts the profitability of that contract; * Choose the oracles — entities whose goal is to supply trustworthy off-blockchain data to the Maker ecosystem; * Upgrades to the platform. This ability to participate in the management of one of the largest stablecoins on the market is what drives the demand for MKR tokens and correspondingly affects their value.
Who Are the Founders of Maker?
MakerDAO, the first entity inside the larger Maker ecosystem, was created in 2015 by Rune Christensen, an entrepreneur from Sealand, Denmark. Christensen graduated from Copenhagen University with a degree in biochemistry and studied international business at the Copenhagen Business School. Prior to MakerDAO, he co-founded and managed the Try China international recruiting company.
What Is Maker (MKR)?
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a [decentralized organization](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao) and a software platform, both based on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) blockchain — that allows users to issue and manage the DAI stablecoin. Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar. MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself. The Maker ecosystem is one of the earliest projects on the decentralized finance ([DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance)) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.
Maker News
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The month of June 2025 is an exciting time for crypto investors with a number of presales promising potentially huge returns
May 25, 2025 at 09:02 am
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This week saw a significant spike in crypto trading activity. The peak came on Thursday, when Bitcoin (BTC) – the leading cryptocurrency – hit an all-time record high of $111988.
May 25, 2025 at 09:56 am
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The AB Charity Foundation, operating under the joint banner of AB Foundation and AB Blockchain, has announced the induction of ten globally recognized
May 26, 2025 at 11:58 am
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In the ever-evolving crypto world, projects that integrate real-world assets (RWAs) are becoming increasingly important.
May 26, 2025 at 01:03 pm
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As global finance continues to digitize and trust in asset-backed systems becomes more critical than ever, RandChain Gold Tech Ltd. has officially unveiled its Real World Asset (RWA)
May 26, 2025 at 03:15 pm
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This scenario, Alliance – often called as the “Y Combinator” for web3 – has made a mysterious yet exciting announcement.
May 26, 2025 at 03:36 pm
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BNB price has shown resilience in recent trading sessions, holding steady above key support levels while fundamental metrics across the Binance Smart Chain reach new highs.
May 26, 2025 at 04:48 pm
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According to on-chain data, within 48 hours after the announcement of the dinner, the trading volume of TRUMP tokens surged by 300%
May 26, 2025 at 05:13 pm
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As traditional financial giants are bringing in capital, coupled with increasingly clear policy supervision, the RWA track is accelerating into the mainstream vision.
May 26, 2025 at 06:01 pm
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