Maker Price

Track Maker Price Today, Live MKR Price Chart & Market Cap

With Maker's rebrand to Sky, the project has introduced a new governance token called SKY. Users can upgrade their MKR tokens to SKY at a rate of 1 MKR to 24,000 SKY. Upgrading is optional, but if you want to upgrade your MKR tokens, you can use the official Sky.Money app.

Date Range

FROM MKR

TO USD

Maker Price Live Data

24H Range

$?1,468.48

24H Range

$?1,560.10

52W Range

$?1,037.62

52W Range

$?4,061.18

ATH & ATL Range

$?171.27

ATH & ATL

$?6,244.44

Maker Price	$?1,539.16
Market Cap	$?1.36B
Diluted Market Cap	$?1.55B
24H Volume	$?258.83M
Vol. / M. Cap Ratio	0.1908
Dominance	0.04%
ATH	$?6,244.44 (-75%)
ATH Date	May 3, 2021
ATL	$?171.27
ATL Date	Mar 16, 2020
Cycle Low	$?503.28
Cycle High	$?4,061.18
Circ. Supply	881,391 (88%)
Total Supply	911,797
Max Supply	1.01M
Supply Inflation	-9.84% (Low)
Volatility	12.27% (Very High)
Platform	ETH
Release Date	Jan 30, 2017
Fear & Greed Index	82 (Extreme Greed)
Sentiment	Neutral
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Maker price today is $?1,539.16 with a 24-hour trading volume of $?258.83M, market cap of $?1.36B, and market dominance of 0.04%. The MKR price increased 2.76% in the last 24 hours.

Maker reached its highest price on May 3, 2021 when it was trading at its all-time high of $?6,244.44, while Maker's lowest price was recorded on Mar 16, 2020 when it was trading at its all-time low of $?171.27. The lowest price since it's ATH was $?503.28 (cycle low). The highest MKR price since the last cycle low was $?4,061.18 (cycle high). The Maker price prediction sentiment is currently neutral , while Fear & Greed Index is showing 82 (Extreme Greed).

Maker's current circulating supply is 881,391 MKR out of max supply of 1.01M MKR. The current yearly supply inflation rate is -9.84% meaning -96,240 MKR were created in the last year. In terms of market cap, Maker is currently ranked #11 in the DeFi Coins sector and ranked #20 in the Ethereum (ERC20) Tokens sector.

Highlights

Price has increased by 6% in the last 1 year
Has liquidity based on its market cap
Trading on KuCoin
Yearly inflation rate is

Risk Analysis

Outperformed by 74% of the in 1 year
Outperformed by and
Trading below the
Only in the last 30 days (47%)
Down -75% from all-time high

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Maker Performance

Change	1H	24H	7D	1M	3M	6M	YTD	1Y	3Y	5Y	ALL
MKR/USD	1.08%	2.76%	2.47%	29.57%	-27.90%	-45.79%	-3.31%	5.86%	-46.78%	192.53%	433.40%
MKR/BTC	1.09%	-1.87%	-5.09%	-9.69%	-54.76%	-61.67%	-57.95%	-60.26%	-68.61%	-78.29%	-76.13%
MKR/ETH	0.69%	2.23%	5.61%	9.90%	-38.24%	-35.02%	-29.06%	-32.51%	-28.76%	-85.93%	-42.76%
MKR/USDT	1.08%	2.76%	2.47%	29.57%	-27.90%	-45.79%	-3.31%	5.86%	-46.78%	192.53%	433.40%

Maker price in US Dollar has increased by 29.57% in the last 1 month. MKR is up 9.90% against Ethereum and down -9.69% against Bitcoin in the last 1 month.

Maker Quarterly Returns

Year	Q1	Q2	Q3	Q4	Total
2017	--	--	-19.83%	308.18%	227.25%
2018	-45.44%	1.46%	-6.55%	-7.61%	-52.21%
2019	61.43%	-14.24%	-28.72%	-4.61%	-5.87%
2020	-34.94%	62.94%	25.48%	2.76%	36.71%
2021	260.75%	25.99%	-14.29%	2.35%	298.70%
2022	-10.67%	-56.81%	-18.16%	-30.82%	-78.16%
2023	34.59%	21.62%	83.63%	10.95%	233.51%
2024	130.72%	-35.52%	-38.11%	--	--
Average	56.63%	0.78%	-2.07%	40.17%	94.28%

The top-performing year for Maker was 2021 when the price of MKR increased by 298.70% from $?586.50 to $?2,338.34. The worst performing year for Maker was 2022 when the price dropped by -78.16% from $?2,338.34 to $?510.77. The average yearly growth of Maker over the last 8 years is 94.28% per year. Usually, Maker performs best in Q1 with an average of 56.63% gain and worst in Q3 with -2.07% loss.

Maker Price Closing History by Level

Price	Days Above	% of Maker's Life
$?6,244.44 ATH	-	-
$?6,000.00	1	0.04%
$?5,000.00	10	0.39%
$?4,500.00	18	0.70%
$?4,000.00	28	1.08%
$?3,500.00	77	2.98%
$?1,539.16 Price Now	738	28.54%
$?1,500.00	760	29.39%
$?1,400.00	846	32.71%
$?1,300.00	914	35.34%
$?1,200.00	970	37.51%
$?1,100.00	1038	40.14%

The table above shows the number of days which Maker closed above a certain price level.

Maker Price & ROI on this Date

Date	Price	ROI
Nov 21, 2024 Today	$?1,539.16	-
Nov 21, 2023	$?1,402.62	9.73%
Nov 21, 2022	$?658.93	133.58%
Nov 21, 2021	$?3,122.85	-50.71%
Nov 21, 2020	$?517.63	197.34%
Nov 21, 2019	$?573.44	168.41%
Nov 21, 2018	$?434.70	254.08%
Nov 21, 2017	$?270.74	468.49%

The table above shows the price and ROI of Maker today and previous years on the same date (Nov 21).

MKR Exchanges

Maker is being traded on 68 cryptocurrency exchanges, including Binance and KuCoin. $?258.83M worth of Maker changed hands in the last 24 hours. If you wish to purchase MKR, check our guide on how to buy Maker in 6 steps.

Exchange	Price	Action
Binance	$?1,539.99$?36.78M	$?1,539.99	$?36.78M	Trade Now
KuCoin	$?1,540.12$?711,655	$?1,540.12	$?711,655	Trade Now
Kraken	$?1,538.04$?622,821	$?1,538.04	$?622,821	Trade Now
Bybit	$?1,538.90$?1.92M	$?1,538.90	$?1.92M	Trade Now
OKX	$?1,538.62$?4.33M	$?1,538.62	$?4.33M	Trade Now
gate.io	$?1,538.55$?146,660	$?1,538.55	$?146,660	Trade Now
Binance Futures	$?1,540.70$?93.16M	$?1,540.70	$?93.16M	Trade Now
Uphold	$?0.00$?0.00	$?0.00	$?0.00	Trade Now
Coinbase	$?1,539.21$?3.20M	$?1,539.21	$?3.20M	Trade Now
Paribu	$?1,534.12$?170,207	$?1,534.12	$?170,207	Trade Now

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About Maker

MKR is a governance token that gives its holders the right to participate in the governance process of the Maker Protocol. MKR exists as an ERC-20 standard token on the Ethereum blockchain. Maker is one of the earliest projects on Ethereum, having launched already in 2015 (the same year in which the Ethereum mainnet went live).

The Maker Protocol one of the cornerstones of Ethereum's decentralized finance ecosystem. The Maker Protocol allows users to lock up their crypto assets as collateral and receive a loan in the form of Dai, a stablecoin that's designed to trade as close to $1 as possible. The process is completely trustless, functioning through a system of smart contracts on Ethereum In addition to ETH, other Ethereum-based assets such as Basic Attention Token and USD Coin can also be used to generate Dai.

Key Maker (MKR) features:

Launched in 2015
ERC-20 token on the Ethereum blockchain
Used for Maker Protocol governance
Acts as a recapitalization source for the Maker Protocol
Initial supply was 1 million tokens

MKR holders can propose changes and vote on various aspects on the Maker Protocol through governance polls and executive votes. Some of the aspects of the Maker Protocol that MKR holders can vote on are the protocol's stability fees and the Dai Savings Rate.

At launch, the total supply of MKR was 1 million tokens. However, the supply of MKR tokens can fluctuate depending on market circumstances within the Maker Protocol. This is because MKR is not just a governance token, but is also used as a recapitalization source for the Maker ProtocoI. If there is an excess of DAI tokens in the system, they are auctioned off for MKR, which is then burned.

Conversely, if there are not enough DAI tokens in the system, new MKR tokens are created and auctioned off for DAI. Such an auction took place in March of 2020, when a large drop in the price of ETH created issues for the Maker Protocol and resulted in a DAI deficit.

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FAQ

What is Maker?

Maker is a protocol that uses smart contracts on the Ethereum blockchain to issue Dai, a stablecoin pegged to the US dollar. Dai is a very unique stablecoin that is backed by cryptocurrency collateral. Users deposit their cryptocurrency to mint Dai tokens. In order to get their cryptocurrency back, users must return the Dai tokens back to the system. This whole process is managed by the Maker Protocol’s smart contracts.

The project was founded in 2014 and has one of the longest track records among all Ethereum-based projects. The MKR token was first issued in August 2015, and the Dai stablecoin made its debut on the Ethereum mainnet in December 2017.

The Maker protocol is managed by the MKR holder community through MakerDAO, a decentralized autonomous organization.

How does MKR work?

MKR is the governance token of the Maker protocol. MKR holders can submit and vote on proposals to change the Maker protocol. Holders have the ability to affect the protocol’s key parameters, for example its stability fees, or even propose changes to the governance process itself.

However, MKR also has some other functions beyond governance. The token is also the Maker protocol’s recapitalization source in situations where the protocol is at a deficit. In such a scenario, new MKR tokens are minted and auctioned off to cover the deficit. When the protocol is running a surplus, Dai stablecoins are auctioned for MKR, and the MKR tokens are then burned. This makes MKR scarcer over time, which rewards long-term holders and incentivizes good governance.

MKR is an ERC-20 standard token issued on the Ethereum blockchain.

Why is MKR valuable?

MKR is valuable because Maker is one of the biggest decentralized finance (DeFi) protocols on the Ethereum blockchain, and the Dai stablecoin is widely used in DeFi. Because of this, the ability to participate in the protocol’s governance is seen as valuable. MKR is also one of the most established Ethereum projects, which provides confidence about its long-term prospects.

These are just some of the factors that could be contributing to MKR being seen as a valuable asset. As with all tradeable assets, the value and price movements are ultimately determined by supply and demand, and these dynamics might not always be influenced by fundamental factors.

How do I get MKR?

You can get MKR by purchasing it on a cryptocurrency exchange. You can buy it on centralized exchanges like Binance or Coinbase Pro, but you can also use a decentralized exchange like Uniswap or SushiSwap.

Is Maker a good investment?

Maker is one of the cornerstones of Ethereum’s DeFi ecosystem, which means that MKR can certainly have its place in a cryptocurrency investor’s portfolio. However, the cryptocurrency markets are very volatile and you should never invest more than you are willing to lose.

What is the current price of Maker? How much does it cost to buy 1 MKR?

As of , the MKR price is .

Can you make money from MKR?

Yes, you can make money from MKR by buying the token and selling it later on at a higher price. You should keep in mind that the cryptocurrency markets are unpredictable and there’s no guarantee that the price will actually increase above the price at which you bought the token.

Is it a good time to buy MKR?

The current trend in the MKR market is . This trend is determined by our Maker price prediction metrics, which utilize technical indicators such as moving averages and the Relative Strength Index (RSI).

You should also consult other fundamental and technical factors and do your own research from multiple sources before deciding to buy MKR or not.

Can I invest $50 in MKR?

Yes, you can invest $50 in MKR. Even though the price of 1 MKR seems quite high, the token is divisible into 18 decimal places. This means that you can buy a very small amount of MKR if you want to buy the token but aren’t prepared to buy 1 MKR or more. Most exchanges will allow you to buy even less than $50 worth of MKR.

How do you cash out from MKR?

Some cryptocurrency exchanges like Coinbase and list MKR against fiat currency. If you can’t directly sell your MKR for your local currency on the cryptocurrency exchange you use, consider converting your MKR into BTC or ETH and then cashing out those coins.

Is Maker secure?

Maker is considered a relatively secure protocol and the Dai stablecoin is very popular in the DeFi community, showing that users have confidence in its ability to maintain the $1 peg. The stability of the Maker Protocol can be affected by extreme market conditions – for example, the protocol had some issues when the Ethereum price crashed in March of 2020.

Is MKR legal?

Yes, MKR is legal in most jurisdictions. However, cryptocurrency regulation can vary significantly from country to country, so make sure to research the regulatory status of crypto assets in your country before making an investment.

Where can you store MKR?

You can store MKR in any cryptocurrency wallet that supports ERC-20 tokens on the Ethereum blockchain. You can use a browser wallet like MetaMask or MyCrypto, or download a desktop or mobile wallet. Some examples of cryptocurrency wallets that support MKR include:

Trust Wallet
Exodus Wallet
Atomic Wallet
Guarda Wallet

If you own a significant amount of MKR and plan to hold it for a long time, consider buying a hardware cryptocurrency wallet such as a Ledger Nano S. Hardware wallets offer a very high degree of security and prevent your private keys from being exposed to attackers.

Who gets the money when you buy MKR?

When you buy MKR, the person on the other side of the trade gets the money. The role of cryptocurrency exchanges is to match buy and sell orders. When you submit a buy order for MKR, it is matched against a sell order, and the person who submitted the sell order will get the money, while you will get MKR.

Why do people want MKR?

People want MKR to participate in Maker Protocol governance or as a long-term investment into the Maker ecosystem. Alternatively, some investors will buy MKR tokens for short-term speculation.

Who owns the most MKR?

If you want to know who owns the most MKR, you have to check the information on an Ethereum blockchain explorer such as Etherscan. As of March 24, 2021, the largest holder of MKR is the Maker Governance Contract, which holds over 175,000 MKR.

How are new MKR tokens created?

The initial MKR supply of 1 million tokens was created at launch. MKR tokens are not mined, and the supply doesn’t normally increase. In some scenarios, the MKR supply can increase - when the Maker Protocol is running at a deficit, new MKR tokens are minted and auctioned off to cover the shortfall. However, there’s also some deflationary pressure on the MKR supply, as a portion of the protocol’s Stability Fee is used to purchase MKR tokens and burn them.

The current circulating supply of MKR is tokens.