Maker price

in USD
$2,317.80
+$31.5000 (+1.37%)
USD
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Market cap
$2.09B #42
Circulating supply
901.31K / 1.01M
All-time high
$6,349.30
24h volume
$93.73M
4.4 / 5
MKRMKR
USDUSD

About Maker

RWA
DeFi
CertiK
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Maker’s price performance

Past year
-11.34%
$2.61K
3 months
+56.21%
$1.48K
30 days
+23.15%
$1.88K
7 days
+14.07%
$2.03K

Maker on socials

Marc ”½百 Billy” Zeller 👻 🦇🔊
Marc ”½百 Billy” Zeller 👻 🦇🔊
"In three years when Genius Act thingy goes live it's game over for Maker And Aave."
danny
danny
Today let's talk about the Musang King durian from Malaysia. I guess many people don't know that there are actually old and new Musang King durian trees. Old tree durians refer to the genuine, authentic Musang King fruit trees. Since the Musang King durian takes 7-8 years to mature, an old tree means it has to be at least 10 years old... Well, why are old trees better, or more flavorful? Because the roots of old trees are deeper, allowing them to absorb more minerals from the soil (the flesh of old tree durians tends to be a bit "dark green," with a mix of sweetness and bitterness, bitterness and astringency, astringency with sweetness, complex and lingering, leaving a sweet aftertaste). New trees refer to those that have had Musang King branches grafted onto other already mature durian trees (like D24, 101). This method is similar to a hard fork in web3. After about 2-3 years of planting, they will bear fruit that resembles Musang King, but why do we say it resembles? Because the tail of the durian will still have a star shape ⭐️, but the taste and texture are still different (not as creamy, the flesh will be stringy, overly sweet, larger seeds, and lacking a nutty aroma, etc.). Currently, if the market doesn't specify that it's an old tree durian, you can assume it's this new tree Musang King. The price of a genuine old tree can be 1-2 times that of a new tree, and dark green fruits can even be priceless. However, for the average person, new tree Musang King is actually fine, after all, it's just for the experience (just to have tried it), and most people can't tell the difference. Unless you are a connoisseur or have a particular taste for it, seeking extreme flavor stimulation, otherwise it's hard to justify such a high price. But in recent years, due to export restrictions and oversupply, the price of new tree Musang King has plummeted, while old tree prices remain strong, and as more people become discerning, the prices are subtly rising. If you look at it this way, the old and new Musang King durians (hard fork versions) are very similar to our industry's DeFi and AI. With the Musang King gaining popularity, more and more fork versions have emerged, capturing everyone's attention, but with too much supply, the tricks of scammers have also increased, leading to a drop or even disappearance of new tree prices. After experiencing the trials of cycles, only the old trees (original versions) with deep roots are getting better, and when the market returns (water), the price of old trees will rise even stronger. The older, the more worth savoring - this applies not only to Musang King durians but also to veterans who have endured through cycles. $aave $maker $gmx #pundiai $pundix
Stacks
Stacks
Don’t sleep on $MKR 👀

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Maker FAQ

Currently, one Maker is worth $2,317.80. For answers and insight into Maker's price action, you're in the right place. Explore the latest Maker charts and trade responsibly with OKX.
Cryptocurrencies, such as Maker, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Maker have been created as well.
Check out our Maker price prediction page to forecast future prices and determine your price targets.

Dive deeper into Maker

In a push towards decentralization, governance tokens have emerged as a cornerstone of many crypto projects, allowing token holders to stake and vote on protocol modifications. MKR is the governance token for MakerDAO, which plays a pivotal role in ensuring the efficiency, transparency, and stability of DAI, a decentralized, collateral-backed stablecoin. 

What is MakerDAO

MakerDAO is a decentralized autonomous organization (DAO) that administers the DAI stablecoin through the Maker Protocol. This protocol enables the minting and management of DAI stablecoins while maintaining their peg to the US dollar using over-collateralization and other mechanisms. The primary responsibility of MKR holders is to vote on changes to the Maker Protocol, which directly impacts DAI. MKR's governance role ensures that the protocol adjusts and evolves in response to the market's demands and potential risks. 

The Maker team

Maker was created in 2015 by Rune Christensen, a Denmark-based entrepreneur. He graduated from the Copenhagen University with a degree in biochemistry. He also studied international business at the local Copenhagen Business School. Before founding MakerDAO, he co-founded Try China, an international recruiting company.

How does MakerDAO work

MKR holders are at the heart of the MakerDAO system, actively participating in Executive Voting. Successful votes translate into changes within the protocol. For instance, these token holders set the DAI savings rate, directly impacting the incentives for those who stake DAI. Contributors are rewarded for their active involvement. 

MKR tokenomics 

MKR tokens, capped at 977,631 in supply, are central to the MakerDAO ecosystem. They empower holders with governance rights, allowing them to shape the system's direction. Beyond governance, MKR is crucial in maintaining DAI's stability, ensuring its value remains pegged and resilient to market fluctuations. Notably, in situations of undercollateralization, MKR is auctioned to cover the deficit.

Furthermore, MKR tokens are used to settle stability fees, which are essentially interest charges on DAI loans. These MKR tokens are subsequently burnt, gradually reducing their overall supply and adding an element of scarcity.

MKR distribution

The distribution breakdown for MKR is as follows:

  • 69.5 percent: Founders and the project
  • 15 percent: Team
  • 4 percent: Seed round 1
  • 6 percent: Seed round 2
  • 5.5 percent: Seed round 3

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$2.09B #42
Circulating supply
901.31K / 1.01M
All-time high
$6,349.30
24h volume
$93.73M
4.4 / 5
MKRMKR
USDUSD
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