Maker (MKR) is a governance token linked to MakerDAO and the Maker Protocol, both built on the Ethereum blockchain. Its primary role is to facilitate the management of DAI, a decentralized stablecoin designed to maintain a value close to the US dollar. While MKR tokens do not yield dividends, they grant holders voting rights over decisions related to the Maker Protocol's development and risk management. The token's value can fluctuate based on DAI's performance and the broader dynamics of the decentralized finance (DeFi) ecosystem, where Maker plays a key role in offering decentralized financial solutions on smart contract platforms.

Maker enables MKR token holders to participate in the governance of the Maker Protocol, specifically in managing the DAI stablecoin. Voting power is proportional to the amount of MKR held, allowing users to vote on key decisions such as adding new collateral types, adjusting risk parameters, selecting oracles, modifying the DAI Savings Rate, and approving protocol upgrades. By influencing these governance aspects, MKR holders contribute to the stability and evolution of the Maker ecosystem. The governance model ensures that the protocol remains decentralized and responsive to the needs of its community.

Maker's primary use case is to provide a decentralized governance framework for the DAI stablecoin, enabling token holders to participate in key decision-making processes. This includes voting on protocol upgrades, adjusting risk parameters, and selecting reliable oracles. The Maker Protocol also allows users to generate DAI by depositing collateral assets into Maker Vaults, offering a way to access liquidity without traditional financial intermediaries. This positions Maker as a crucial component of the DeFi ecosystem, supporting a range of applications from decentralized lending to automated financial services.

MakerDAO, the organization behind the Maker ecosystem, was founded in 2015 by Danish entrepreneur Rune Christensen. Prior to creating MakerDAO, Christensen co-founded Try China, an international recruiting firm, and studied biochemistry at Copenhagen University and international business at Copenhagen Business School. The Maker Protocol was officially launched in December 2017, making it one of the pioneering projects in the DeFi space. Since its inception, Maker has played a significant role in shaping decentralized finance, contributing to the development of stablecoins and governance models that have influenced the broader blockchain industry.

We update our Maker to USD currency in real-time. Get the live price of Maker on Coinbase.

The current market cap of Maker is $1.25B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Maker is $6,391.78. This all-time high is highest price paid for Maker since it was launched.

Over the last 24 hours, the trading volume of Maker is $28.95M.

Assets that have a similar market cap to Maker include Aave MKR V2, KuCoin Token, XDC Network, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Maker is 839 thousand.

Maker ranks 45 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 91% of Coinbase users are buying Maker. In other words, 91% of Coinbase customers have increased their net position in Maker over the past 24 hours through trading.

Yes, Maker is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Maker guide.