Introduction to Maker (MKR)
Maker (MKR) is the governance token of MakerDAO and the Maker Protocol—a decentralized organization and software platform built on the Ethereum blockchain. It enables users to issue and manage the DAI stablecoin, a community-governed cryptocurrency pegged to the US dollar. Launched in 2017, Maker is a pioneer in the decentralized finance (DeFi) space, focusing on stability and governance.
Current Market Overview
| Exchange | Trading Pair | Latest Price | 24h Change | 24h Volume (USD) |
|---|---|---|---|---|
| Binance | MKR/USDT (Perpetual) | $1,877.5 | -5.02% | $40.65M |
| OKX | MKR/USDT | $1,876.3 | -5.24% | $843,400 |
| MEXC | MKR/USDT | $1,879.2 | -5.03% | $1.50M |
| Gate.io | MKR/USDT | $1,878.38 | -5.12% | $1.20M |
Key Stats (as of latest update):
- Price: $1,877.96
- 24h Trading Volume: $46.52M
- Market Cap: Ranked #68 (varies by platform)
What Makes Maker (MKR) Unique?
Governance Power: MKR holders vote on critical protocol changes, such as:
- Adding new collateral types.
- Adjusting risk parameters.
- Setting DAI savings rates.
- Selecting oracles for reliable data.
- Dynamic Supply: MKR’s total supply fluctuates based on DAI’s collateralization needs. Excess DAI from auctions buys back and burns MKR, reducing supply.
- DeFi Leadership: DAI is among the top stablecoins by adoption, with over $8B in market cap (2023 data).
Founder and Background
Rune Christensen, a Danish entrepreneur with a biochemistry background, founded MakerDAO in 2015. His vision was to create a decentralized stablecoin ecosystem anchored by transparent governance.
MKR Tokenomics
- Circulating Supply: ~1M MKR (varies with protocol activity).
- No Hard Cap: Supply adjusts via minting/burning to maintain DAI’s peg.
- Security: Protected by Ethereum’s Ethash proof-of-work (transitioning to proof-of-stake post-Ethereum 2.0).
FAQs About Maker (MKR)
1. How is DAI different from other stablecoins?
DAI is decentralized and collateralized by crypto assets (e.g., ETH), unlike USDT/USDC, which are backed by fiat reserves.
2. Can I earn yields with MKR?
No, but you can stake DAI in Maker’s savings contracts to earn interest.
3. Where can I buy MKR?
👉 Trade MKR on top exchanges like Binance, OKX, and Gate.io.
4. Why does MKR’s price fluctuate?
Demand is tied to governance utility and DAI’s adoption. Supply changes also impact valuation.
5. Is Maker Protocol secure?
Yes, it leverages Ethereum’s blockchain and audited smart contracts.
Future Outlook
Maker continues to innovate in DeFi, with upgrades like Multi-Collateral DAI and cross-chain expansions. Its governance model sets a benchmark for decentralized projects.
👉 Explore DeFi opportunities with MKR today!
Disclaimer: Prices and rankings are dynamic. Always verify data from multiple sources before trading.
### Key SEO Elements:
- **Keywords:** Maker (MKR), DAI stablecoin, DeFi governance, MKR price, MakerDAO.
- **Structure:** Hierarchical headings, tables for data clarity, and FAQs for search intent.