The edge that pays for itself.
Maker (MKR) Price
Maker Price
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Millionero | MKR/USDT | 1,960.85 | 1.00 M | 1.09 M | 11.96 M | 0.95 | cex | 281.00 | 6/15/2025, 5:33 PM |
| Echobit | MKR/USDT | 1,892.58 | 377,419.44 | 374,580.46 | 9.40 M | 0.90 | cex | 242.00 | 7/9/2025, 6:21 AM |
| PayBito | MKR/ETH | 1,895.20 | 1.50 M | 201,818.51 | 6.43 M | 0.48 | cex | 304.00 | 7/9/2025, 6:21 AM |
| SuperEx | MKR/USDT | 1,893.34 | 89,443.77 | 93,935.10 | 5.65 M | 0.00 | cex | 84.00 | 7/9/2025, 6:18 AM |
| Binance | MKR/USDT | 1,893.88 | 137,862.62 | 118,632.29 | 5.34 M | 0.04 | cex | 695.00 | 7/9/2025, 6:23 AM |
| Darkex Exchange | MKR/USDT | 1,892.99 | 5,808.59 | 5,485.99 | 4.22 M | 0.13 | cex | 219.00 | 7/9/2025, 6:21 AM |
| FMCPAY | MKR/USDT | 1,892.90 | 18,854.83 | 14,965.74 | 3.87 M | 2.78 | cex | 365.00 | 7/9/2025, 6:21 AM |
| Poloniex | MKR/USDT | 1,914.00 | 266.28 | 21.21 | 3.84 M | 0.83 | cex | 29.00 | 7/9/2025, 6:23 AM |
| BiKing | MKR/USDT | 1,893.68 | 700,938.02 | 700,805.50 | 3.10 M | 0.16 | cex | 189.00 | 7/9/2025, 6:21 AM |
| LBank | MKR/USDT | 1,891.28 | 74,557.87 | 66,189.16 | 2.56 M | 0.13 | cex | 421.00 | 7/9/2025, 6:21 AM |
Maker FAQ
Maker (MKR) serves as the governance token for MakerDAO and the Maker Protocol, which are a decentralized organization and a software platform, respectively. Both are founded on the Ethereum blockchain and facilitate the issuance and management of the DAI stablecoin. Conceived in 2015 and officially launched in December 2017, Maker's primary function is to operate DAI, a community-managed decentralized cryptocurrency that maintains a stable value loosely pegged to the US dollar. MKR tokens function as voting shares for the organization overseeing DAI. While they do not provide dividends to holders, they confer voting rights pertaining to the development of the Maker Protocol. The value of MKR tokens is anticipated to increase in tandem with the success of DAI itself. The Maker ecosystem is among the pioneering projects in the decentralized finance (DeFi) space, an industry aiming to develop decentralized financial products using smart-contract-capable blockchains like Ethereum.
MakerDAO, the initial entity within the broader Maker ecosystem, was established in 2015 by Rune Christensen, an entrepreneur from Sealand, Denmark. Christensen completed his education at Copenhagen University with a degree in biochemistry and pursued international business studies at the Copenhagen Business School. Before founding MakerDAO, he co-founded and led Try China, an international recruiting firm.
As of October 2020, DAI is among the most popular stablecoins, which are cryptocurrencies with prices pegged to the USD or another traditional currency. It ranks as the 25th largest cryptocurrency, with a market capitalization exceeding $800 million, and it boasts more active addresses than USDT—the largest stablecoin available. MKR's unique proposition lies in its capacity to enable holders to participate directly in the governance of DAI. Every Maker token holder has the right to vote on various changes to the Maker Protocol, with their voting power determined by the size of their MKR stake. The aspects of the protocol on which holders can vote include: * Adding new collateral asset types to the protocol, enabling users to submit new cryptocurrencies to mint more DAI; * Amending the risk parameters of existing collateral asset types; * Changing the DAI Savings Rate, which allows holders of DAI tokens to earn savings by locking them in a special contract, with the Savings Rate affecting the profitability of that contract; * Selecting the oracles—entities tasked with providing reliable off-blockchain data to the Maker ecosystem; * Implementing platform upgrades. This capability to participate in managing one of the largest stablecoins on the market is a key driver of demand for MKR tokens, thereby influencing their value.
The issuance and removal of MKR from the system are governed by a complex system of interdependent mechanisms designed to ensure that DAI is always fully collateralized by other cryptocurrency assets and its soft peg to the USD is maintained. There is no hard-coded limit on the total supply of MKR. DAI’s value is secured by collateral—other cryptocurrencies deposited by users when minting new DAI tokens and stored in so-called vaults—smart contracts on the Ethereum blockchain. During price downswings, the value of the crypto stored in the vault might become insufficient to fully collateralize the corresponding amount of DAI. In that case, the Maker Protocol automatically initiates the liquidation of the vault’s contents, the proceeds of which it uses to cover that vault’s obligations. If the amount of DAI generated during the liquidation is not enough, the Maker Protocol mints new MKR tokens to sell and cover the remaining sum, thereby increasing the total supply. However, in some cases, the amount of DAI made from the auctions exceeds the necessary limit to ensure full collateralization—then, it is used by the Maker Protocol to buy back and burn MKR tokens, decreasing their total supply. Thus, the supply of MKR is a dynamic value that changes depending on market conditions and the overall health of the DAI ecosystem. As of October 2020, the circulating supply of Maker tokens is about 1 million, worth more than $500 million.
MKR is an ERC-20 token, indicating that it operates on and is safeguarded by the Ethereum blockchain. Ethereum itself is protected by its Ethash proof-of-work function.
Maker token is available for trading on the following exchanges: * Binance * OKEx * Uniswap * Coinbase Pro
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