Maker
Maker (MKR) Metrics
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Maker (MKR)
What is Maker?
Maker (MKR) is a governance token for the MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain. As a cryptocurrency, the Maker token is primarily used for governance purposes, allowing holders to participate in decision-making processes related to the Maker protocol, including adjustments to the collateralization ratios and stability fees. The Maker project aims to facilitate the creation of the DAI stablecoin, which is pegged to the US dollar and helps users engage in decentralized finance (DeFi) activities. By providing a stable digital currency, Maker enhances the usability of Ethereum-based applications and contributes to the broader blockchain ecosystem.
When and how did Maker start?
Maker (MKR) was launched in 2015 by the Maker Foundation, founded by Rune Christensen. It was developed as a decentralized autonomous organization (DAO) to facilitate the creation of the Dai stablecoin, which is pegged to the US dollar. The project gained significant attention in its early development, particularly after the successful launch of the Dai stablecoin in December 2017, which was initially listed on major exchanges such as Binance and Huobi. Key events that shaped Maker's growth include its participation in the Ethereum ecosystem and the introduction of governance features that allow MKR token holders to vote on important protocol decisions.
What’s coming up for Maker?
Maker (MKR) is poised for significant advancements as it continues to enhance its decentralized finance (DeFi) ecosystem. The upcoming roadmap includes the integration of new collateral types to diversify the MakerDAO platform, alongside improvements to the DAI stability mechanism aimed at increasing efficiency and reducing volatility. Community goals focus on expanding governance participation, ensuring that MKR holders have a direct influence on future developments. These strategic updates are expected to bolster Maker's position in the DeFi space, enhancing its utility and adoption in various financial applications.
What makes Maker stand out?
Maker (MKR) is unique compared to other cryptocurrencies due to its role in the MakerDAO ecosystem, which utilizes a decentralized stablecoin, DAI, that is collateralized by various crypto assets. A standout technology is its collateralized debt position (CDP) system, allowing users to generate DAI by locking up collateral, thus creating real-world use cases in decentralized finance (DeFi) while maintaining price stability. Additionally, MKR token holders participate in governance, influencing the protocol's risk parameters and ensuring the stability of the DAI stablecoin.
What can you do with Maker?
Maker (MKR) is primarily used for governance within the MakerDAO ecosystem, allowing holders to vote on important protocol decisions. It serves as a utility token in DeFi apps, enabling users to participate in the stability of the DAI stablecoin and manage risk through collateralized debt positions. Additionally, MKR can be staked to earn rewards, contributing to the overall security and functionality of the Maker protocol.
Is Maker still active or relevant?
Maker (MKR) is currently active and still traded on various exchanges, demonstrating consistent trading activity. Development is ongoing, with regular updates from the team to enhance the Maker Protocol and its ecosystem. The project maintains a vibrant community presence, ensuring it remains relevant in the evolving DeFi landscape.
Who is Maker designed for?
Maker (MKR) is primarily built for DeFi users and investors seeking stability in the volatile cryptocurrency market. Its target audience includes individuals and businesses looking to leverage decentralized finance solutions through the Maker Protocol, which allows users to create and manage the DAI stablecoin. The community of MKR holders actively participates in governance, making it ideal for those interested in decentralized decision-making and financial innovation.
How is Maker secured?
Maker (MKR) secures its network through a unique governance model rather than a traditional consensus mechanism like Proof of Work or Proof of Stake. Instead of relying on validators to confirm transactions, Maker utilizes a system of decentralized governance where MKR token holders participate in decision-making processes, ensuring network security and stability through community-driven protocols and smart contracts on the Ethereum blockchain. This innovative approach enhances blockchain protection and aligns incentives for maintaining the integrity of the Maker ecosystem.
Has Maker faced any controversy or risks?
Maker (MKR) has faced challenges related to extreme volatility, which can significantly impact its stability and user confidence. Additionally, the project has experienced security incidents, such as the 2020 hack of the Ethereum-based DeFi platform, which raised concerns about the robustness of its smart contracts. Legal issues surrounding regulatory scrutiny of decentralized finance (DeFi) also pose ongoing risks to Maker's operations and future development.
Maker (MKR) FAQ – Key Metrics & Market Insights
Where can I buy Maker (MKR)?
Maker (MKR) is widely available on centralized cryptocurrency exchanges. The most active platform is Coinbase, where the MKR/USD trading pair recorded a 24-hour volume of over $368 206.54. Other exchanges include Coinbase and Bitstamp.
What’s the current daily trading volume of Maker?
As of the last 24 hours, Maker's trading volume stands at $937,366.44 , showing a 23.28% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What’s Maker’s price range history?
All-Time High (ATH): $6 302.63
All-Time Low (ATL): $21.06
Maker is currently trading ~80.95% below its ATH
and has appreciated +6,971% from its ATL.
What’s Maker’s current market capitalization?
Maker’s market cap is approximately $183 546 796.00, ranking it #252 globally by market size. This figure is calculated based on its circulating supply of 152 181 MKR tokens.
How is Maker performing compared to the broader crypto market?
Over the past 7 days, Maker has declined by 9.07%, underperforming the overall crypto market which posted a 4.89% decline. This indicates a temporary lag in MKR's price action relative to the broader market momentum.
Trends Market Overview
#1876
165.7%
#1893
89.91%
#1867
67.77%
#1137
42.44%
#659
38.55%
#920
-76.06%
#410
-42.82%
#1652
-38.45%
#1162
-35.35%
#4938
-32.24%
#4
-3.2%
#6757
no data
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Maker Basics
| Whitepaper |  Open |
|---|
| Development status | Working product |
|---|---|
| Org. Structure | Centralized |
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Started |
15 August 2015
over 10 years ago |
|---|
| Website | makerdao.com |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (3) | etherscan.io polygonscan.com snowtrace.io |
|---|
| Tags |
|
|---|
| reddit.com |
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| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 |  | Bitcoin BTC | $1 887 576 103 196 | $94 620.52 | $93 369 801 176 | 19,948,909 |  -8.38% | |
| 2 |  | Ethereum ETH | $375 062 982 679 | $3 114.46 | $37 799 033 559 | 120,426,316 |  -9.28% | |
| 4 |  | XRP XRP | $135 091 094 187 | $2.24 | $6 359 786 323 | 60,179,002,978 |  -3.33% | |
| 5 |  | BNB BNB | $127 456 213 071 | $915.74 | $4 110 090 702 | 139,184,442 |  -7.86% | |
| 6 |  | Solana SOL | $76 872 295 686 | $138.75 | $8 147 109 040 | 554,028,579 |  -14.41% |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 13 |  | Hyperliquid HYPE | $12 491 975 218 | $37.41 | $407 098 875 | 333,928,180 |  -11.90% | |
| 19 |  | Chainlink LINK | $8 637 556 239 | $13.78 | $1 164 595 456 | 626,849,970 |  -13.31% | |
| 37 |  | Uniswap UNI | $4 195 288 908 | $6.99 | $569 268 726 | 600,425,074 |  +17.60% | |
| 41 |  | Official World Liberty Financial WLFI | $3 501 164 448 | $0.141925 | $128 034 807 | 24,669,070,265 |  +12.12% | |
| 42 |  | Dai DAI | $3 332 190 994 | $1.000890 | $1 013 455 994 | 3,329,226,824 |  +0.09% |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 |  | Tether USDT | $177 469 449 896 | $1.000277 | $151 809 284 105 | 177,420,277,588 |  +0.06% | |
| 7 |  | USDC USDC | $75 092 054 651 | $1.000789 | $25 044 149 182 | 75,032,817,060 |  +0.07% | |
| 12 |  | Wrapped Liquid Staked Ether 2.0 WSTETH | $13 494 638 349 | $3 795.18 | $33 436 894 | 3,555,731 |  -9.22% | |
| 14 |  | Wrapped Bitcoin WBTC | $12 392 056 934 | $94 467.49 | $648 606 189 | 131,178 |  -8.43% | |
| 15 |  | WETH WETH | $11 729 289 204 | $3 114.61 | $921 748 981 | 3,765,896 |  -9.27% |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | | Tether USDT | $177 469 449 896 | $1.000277 | $151 809 284 105 | 177,420,277,588 | +0.06% | |
| 7 | | USDC USDC | $75 092 054 651 | $1.000789 | $25 044 149 182 | 75,032,817,060 | +0.07% | |
| 14 | | Wrapped Bitcoin WBTC | $12 392 056 934 | $94 467.49 | $648 606 189 | 131,178 | -8.43% | |
| 15 | | WETH WETH | $11 729 289 204 | $3 114.61 | $921 748 981 | 3,765,896 | -9.27% | |
| 19 | | Chainlink LINK | $8 637 556 239 | $13.78 | $1 164 595 456 | 626,849,970 | -13.31% |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 19 | | Chainlink LINK | $8 637 556 239 | $13.78 | $1 164 595 456 | 626,849,970 | -13.31% | |
| 56 |  | Ondo ONDO | $1 813 553 191 | $0.574071 | $102 009 419 | 3,159,107,529 |  -15.25% | |
| 70 |  | Algorand ALGO | $1 406 173 821 | $0.159899 | $74 151 755 | 8,794,133,425 |  -13.02% | |
| 88 |  | Tether Gold XAUT | $1 002 556 658 | $4 066.77 | $299 340 724 | 246,524 |  +2.15% | |
| 90 |  | Quant QNT | $989 632 794 | $81.97 | $54 092 850 | 12,072,738 |  -7.22% |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | | XRP XRP | $135 091 094 187 | $2.24 | $6 359 786 323 | 60,179,002,978 | -3.33% | |
| 6 | | Solana SOL | $76 872 295 686 | $138.75 | $8 147 109 040 | 554,028,579 | -14.41% | |
| 7 | | USDC USDC | $75 092 054 651 | $1.000789 | $25 044 149 182 | 75,032,817,060 | +0.07% | |
| 10 |  | Dogecoin DOGE | $23 393 467 071 | $0.156848 | $2 921 420 012 | 149,147,696,384 |  -12.91% | |
| 11 |  | Cardano ADA | $18 992 703 006 | $0.496718 | $1 131 797 746 | 38,236,370,420 |  -14.59% |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | | Ethereum ETH | $375 062 982 679 | $3 114.46 | $37 799 033 559 | 120,426,316 | -9.28% | |
| 5 | | BNB BNB | $127 456 213 071 | $915.74 | $4 110 090 702 | 139,184,442 | -7.86% | |
| 6 | | Solana SOL | $76 872 295 686 | $138.75 | $8 147 109 040 | 554,028,579 | -14.41% | |
| 9 |  | TRON TRX | $25 282 491 129 | $0.292746 | $2 556 601 372 | 86,363,298,503 |  -0.01% | |
| 11 | | Cardano ADA | $18 992 703 006 | $0.496718 | $1 131 797 746 | 38,236,370,420 | -14.59% |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | | Tether USDT | $177 469 449 896 | $1.000277 | $151 809 284 105 | 177,420,277,588 | +0.06% | |
| 7 | | USDC USDC | $75 092 054 651 | $1.000789 | $25 044 149 182 | 75,032,817,060 | +0.07% | |
| 8 |  | Lido Staked Ether STETH | $30 458 752 334 | $3 109.81 | $66 740 784 | 9,794,399 |  -9.31% | |
| 12 | | Wrapped Liquid Staked Ether 2.0 WSTETH | $13 494 638 349 | $3 795.18 | $33 436 894 | 3,555,731 | -9.22% | |
| 14 | | Wrapped Bitcoin WBTC | $12 392 056 934 | $94 467.49 | $648 606 189 | 131,178 | -8.43% |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).
Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.