Maker (MKR)
| Market Cap | $638,857,208 |
|---|---|
| Trading Volume | $28,468,143 |
| Volume / Market Cap | 0.0446 |
| Total Supply | 977,631 MKR |
| Max Supply | 1,005,577 MKR |
Maker is currently trading at $653.46, after a price change of 2.59% in the last 24 hours.
Ranked as cryptocurrency #61 by capitalization today, MKR market cap is valued at $638,857,208. MKR trading volume reached $28,468,143 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on MKR coin price prediction page.
MKR Coin Price PredictionWhat is Maker?
Maker is an open-source protocol running on Ethereum that supports issuing and managing DAI stablecoins. The project’s features include collateral vaults, voting, and oracles. Maker enables users to generate DAI tokens with collateral assets approved via a governance structure. Dai is a stablecoin pegged to the US dollar to curb volatility. Users can generate Dai tokens using Ethereum or related assets as collateral with Collateralized Debt Position smart contracts.
Maker Protocol Auctions liquidate vaults even when the price data of the collateral is not accessible. The liquidated vaults are then sold through a Collateral Auction.
MKR is the native token of Maker. There are 987,572.47 circulating MKR tokens, a total supply of 987,572, and a hard cap of 1,005,557. Holders of MKR tokens vote on the stability fee and the collateral rates. The platform’s MakerDAO was developed to manage the financial risks of the platform. The strength of a vote in the decentralized autonomous organization depends on the number of tokens that are staked in the voting smart contract.
Maker was launched in 2017 by Rune Christensen.