Live Market Overview
The current Maker (MKR) price is $1,876.02**, reflecting a dynamic and active market. With a market capitalization of **$1.13 billion and a circulating supply of 603.83K MKR, it remains a significant player in the decentralized finance (DeFi) ecosystem. Over the past 24 hours, the price has decreased by -5.79%, while showing a positive weekly gain of +2.03%.
Key Statistics at a Glance
- Fully Diluted Market Cap: $1.88 billion
- 24-Hour Trading Range: $1,875.15 - $2,004.89
- Weekly Trading Range: $1,817.57 - $2,035.03
- 52-Week Price Range: $794.41 - $3,118.42
This volatility highlights both the potential opportunities and risks for traders and long-term holders.
Understanding the Maker Protocol and MKR Token
Maker is a foundational protocol on the Ethereum blockchain, best known for enabling the generation of the DAI stablecoin. Users lock collateral assets into Vaults to mint DAI, which is soft-pegged to the US dollar. The MKR token serves a critical governance and utility function within this ecosystem.
MKR holders are responsible for managing the Maker Protocol. This includes voting on crucial risk parameters, such as stability fees and types of accepted collateral, ensuring the system's stability and decentralization. The token's value is also tied to the system's health, as MKR is used to pay stability fees and is potentially minted or burned in debt recapitalization events.
Core Project Information
- Primary Blockchains: Ethereum, Binance Smart Chain (via bridges)
- Project Age: 8 years and 5 months
- Key Resources: The project maintains an open-source GitHub repository and an original whitepaper outlining its innovative mechanisms.
Trading MKR: Exchanges and Liquidity
For those looking to trade MKR, there is substantial market liquidity available. The token is listed on 184 trading pairs across 24 major exchanges. This wide availability ensures traders can easily enter and exit positions.
The leading exchanges by 24-hour trading volume for MKR are:
- Binance: $7.15M
- Coinbase Pro: $2.51M
These platforms offer deep order books and high liquidity, providing a reliable environment for executing trades. For a comprehensive look at available trading venues and advanced tools, you can 👉 explore top decentralized exchanges.
MKR Price History and Performance
Analyzing historical performance provides context for current price action. Over the past year, MKR has experienced significant growth and fluctuation, demonstrating its volatile nature.
In the last 52 weeks, MKR achieved its all-time high of $3,118.42** in July 2024. Conversely, it found a strong support level at its 52-week low of **$794.41 in February 2025. This wide range indicates periods of strong bullish sentiment followed by corrective phases, a common pattern in the cryptocurrency market.
Technical Analysis and Indicator Insights
Daily technical indicators can offer clues about potential future price movements. It's important to remember that these are just one tool and should not be used in isolation for making investment decisions.
The current daily chart analysis for MKR presents a mixed but leaning-neutral signal:
- The 14-day Relative Strength Index (RSI) is at 55.33, which is in neutral territory, suggesting a balance between buying and selling pressure.
- The STOCH(9,6) reading of 72.05 also implies a neutral market condition.
Key Technical Indicators
| Indicator | Value | Signal |
|---|---|---|
| RSI(14) | 55.33 | Neutral |
| STOCH(9,6) | 72.05 | Neutral |
| STOCHRSI(14) | 20.39 | Sell |
| MACD(12,26) | 105.86 | Neutral |
| ADX(14) | 21.02 | Buy |
| Williams %R | -48.16 | Neutral |
| CCI(14) | 9.93 | Neutral |
Moving Averages
| Average | Value | Signal |
|---|---|---|
| SMA20 | 1,887.81 | Buy |
| SMA50 | 1,765.09 | - |
| SMA100 | 1,545.11 | - |
| SMA200 | 1,499.48 | - |
The "Buy" signal from the SMA20 (Simple Moving Average) suggests recent price action is trending above the short-term average, which can be a mildly bullish sign.
Frequently Asked Questions
What is the main purpose of the MKR token?
MKR is the governance token for the Maker Protocol. Holders vote on critical decisions that manage the DAI stablecoin system, such as risk parameters and collateral types. It also acts as a recapitalization resource in the event of a system shortfall.
How can I securely store my MKR tokens?
MKR, as an ERC-20 token, can be stored in any Ethereum-compatible wallet. For maximum security, a hardware wallet is highly recommended for long-term storage. For active trading, reputable exchange wallets or non-custodial Web3 wallets are common choices.
What factors most commonly influence the price of MKR?
The price of MKR is influenced by the overall health and usage of the Maker Protocol (DAI supply, revenue), broader cryptocurrency market trends, updates to the protocol governance, and shifts in the DeFi landscape as a whole.
Is MKR a good long-term investment?
As a governance token for a fundamental DeFi protocol, MKR has utility. However, its price is highly volatile and depends on the continued adoption and success of the Maker ecosystem. Always conduct thorough research and assess your risk tolerance before investing.
What is the difference between MKR and DAI?
DAI is the stablecoin generated by the Maker Protocol, designed to maintain a value pegged to $1 USD. MKR is the separate governance token that gives holders voting rights over the system that creates and manages DAI.
Where is the best place to track real-time MKR price data?
Numerous cryptocurrency data aggregators and financial websites provide real-time price charts, market cap, and trading volume for MKR. For detailed charting tools and analysis, consider platforms that offer 👉 advanced market analytics.