MKR is not a stablecoin and therefore has a volatile price. However the Maker protocol is the issuer of the leading stablecoin. The coin plays a crucial role in the platform's ecosystem and supply mechanics. It has three main roles on the platform: it acts as a utility token, governance token and a recapitalization resource.

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Maker PriceMKR

Q: How does the price of MKR correlate with DAI's stability?

MKR is used as a governance token in MakerDAO and helps maintain DAI's stability. When DAI is stable, it fosters confidence in the Maker system, potentially increasing demand for MKR, which can positively affect its price.

Q: Where can I buy Maker (MKR)?

You can purchase Maker (MKR) on several cryptocurrency exchanges, including Bitget Exchange, which supports trading for MKR.

Q: Is Maker (MKR) a good investment right now?

Whether MKR is a good investment depends on your financial goals, risk tolerance, and market analysis. It's essential to do thorough research and consider the current market conditions before investing.

Q: How often does the price of MKR change?

The price of MKR can change frequently and is affected by market dynamics. Being a traded asset, it can experience volatility with fluctuations occurring in minutes, making it essential to stay updated with real-time data from exchanges like Bitget Exchange.

Q: What are the historical price trends of MKR?

MKR has experienced various price trends since its launch, ranging from periods of rapid appreciation to significant declines, often influenced by developments in the crypto market and specific events related to MakerDAO.

Q: What is the difference between MKR and DAI in terms of price impact?

MKR and DAI serve different purposes within the Maker ecosystem. DAI is a stablecoin pegged to the US dollar, while MKR is a governance token. MKR's value can fluctuate based on demand for governance and the health of the Maker system, unlike the pegged nature of DAI.

Q: What are the risks associated with investing in Maker (MKR)?

Risks include the volatility of the cryptocurrency market, potential governance issues in MakerDAO, regulatory changes, and existential risks to the DAI stablecoin system, all of which can impact MKR’s price.

Q: How does MKR's price affect the MakerDAO system?

The price of MKR is integral to the MakerDAO's risk management because MKR acts as a backstop in the system. Price increases can enhance the stability and security perceived by the community, while price drops might lead to concerns over the system’s resilience.

Q: Can I trade MKR with leverage on Bitget Exchange?

Yes, Bitget Exchange offers the option to trade MKR with leverage, allowing traders to potentially increase their exposure to the asset. However, leverage trading involves higher risks and should be approached with caution.

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$1,552.75+1.29%1D

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Market cap

Maker price chart (MKR/USD)

Last updated as of 2025-05-03 08:04:51（UTC+0）

Market cap:$1,295,475,878.91

Fully diluted market cap:$1,295,475,878.91

Volume (24h):$37,911,095.41

24h volume / market cap:2.92%

24h high:$1,572.67

24h low:$1,533.18

All-time high:$6,340.55

All-time low:$21.06

Circulating supply:834,312.56 MKR

Total supply:

858,025.64MKR

Circulation rate:97.00%

Max supply:

1,000,000MKR

Price in BTC:0.01610 BTC

Price in ETH:0.8493 ETH

Price at BTC market cap:

$2,294,992.5

Price at ETH market cap:

$264,582.18

Contracts:

0x8812...Ab72d42(Avalanche C-Chain)

Links:

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Note: This information is for reference only.

About Maker (MKR)

What Is Maker?

Maker (MakerDAO) is one the biggest and longest-standing DeFi protocols that run on the Ethereum blockchain. Maker was introduced in 2014 by Rune Christensen, and had a highly successful fundraising campaign in 2017 that attracted $12 million from the likes of Andreessen Horowitz. The platform introduced a way to create a decentralized stablecoin, called DAI, that is pegged to the US Dollar, but without the need for any centralized authority or backing by actual US Dollars.

Instead of using tangible collateral like USD in a bank, Maker uses collateralized assets in the form of other cryptocurrencies. The primary objective of the Maker protocol is to ensure that the value of DAI remains as close to $1 as possible, offering a decentralized alternative to traditional stablecoins.

Resources

Official Whitepaper:https://makerdao.com/en/whitepaper/#overview-of-the-dai-stablecoin-system

Official Website: https://makerdao.com/

How Does Maker Work?

Collateralized Debt Positions (CDPs)

To create DAI, a user must first lock up some amount of a cryptocurrency as collateral in what's known as a Collateralized Debt Position (CDP). The user can then generate a certain amount of DAI, which is determined by the value of the collateral and the collateralization ratio set by the Maker protocol.

Stability Mechanism

The key to ensuring that DAI maintains its peg to the US dollar lies in the system's incentives and penalties. If the price of DAI drifts above $1, users are incentivized to create more DAI by opening a CDP because they can potentially profit from the price difference. Conversely, if DAI's price is below $1, CDP holders have an incentive to purchase DAI and pay off their debt, reducing the supply and pushing the price back up.

Liquidation

In the event the collateral's value drops too much (below a set threshold), the CDP will be liquidated. This means the collateral will be automatically sold off to ensure that the value of DAI remains stable. This mechanism protects DAI holders from potential volatility in the underlying collateral.

Governance and Risk Management

The Maker protocol is not static; it can be updated and modified. Decisions about changes, such as which assets can be used as collateral or the set risk parameters for these assets, are made by the MKR token holders.

What Is MKR Token?

MKR is the governance token of the Maker system. Unlike DAI, which aims to maintain a stable value, MKR is a volatile asset that serves several purposes:

- Governance: MKR token holders have the right to vote on proposed changes to the Maker system. This includes decisions about which types of collateral to accept, risk parameters, system upgrades, and other vital protocol parameters.

- Stability Fee Payment: When users close out their CDPs, they need to pay a stability fee. This fee is paid in MKR. Once paid, the MKR is burned, reducing the total supply.

- System Backstop: In extreme cases where the system's collateral doesn't cover the value of DAI in circulation, MKR is created and sold on the open market to raise the necessary funds to cover the shortfall. This mechanism acts as a last-resort insurance for the system, but it also means that MKR holders bear the financial responsibility if things go wrong.

Maker's Impact on Finance

Maker has profoundly reshaped the financial landscape by introducing the world to the concept of decentralized stablecoins, specifically DAI. Unlike traditional finance, which relies on central institutions to issue and regulate currencies, Maker's DAI is overcollateralized by other cryptocurrencies, ensuring stability without centralized oversight. This innovation has democratized access to financial services, allowing for a more inclusive and transparent system. Beyond merely offering a stablecoin, Maker has pioneered novel financial instruments and governance models, challenging the norms of traditional banking. Its influence signifies a move towards a more open, resilient, and cost-effective financial ecosystem, paving the way for further advancements in the realm of decentralized finance (DeFi).

What Determines Maker's Price

In the dynamic landscape of cryptocurrency, the Maker (MRK) price today is influenced by a myriad of factors. Central to these is its role in the governance and stability of the MakerDAO system. The MRK token, sitting at the heart of this decentralized autonomous organization (DAO), plays a pivotal role in maintaining the stability of the DAI stablecoin. This significantly impacts the MRK cryptocurrency price.

As a governance token, MRK grants holders the power to vote on critical aspects concerning the collateralization rate of Collateralized Debt Positions (CDPs), directly affecting any Maker crypto price prediction. Moreover, the MRK token value is intricately linked to the performance of the DAI stablecoin. Mechanisms are in place to create or burn MRK in response to DAI price fluctuations, a strategy that maintains DAI's dollar-equivalent value and influences the current Maker cryptocurrency price.

Delving deeper into the MRK price chart, it becomes clear that the Maker MRK historical price has been shaped by its pioneering role in the decentralized finance (DeFi) sector. Maker employs a deflationary protocol, where a portion of the MKR fee is burned whenever a CDP contract closes. This serves to maintain a healthy balance between supply and demand, thereby influencing the MRK crypto market cap.

Furthermore, the transparency and community governance that Maker fosters, coupled with its innovative approach to mitigating volatility through a dual cryptocurrency strategy, are pivotal in shaping any Maker (MRK) price analysis. As the DeFi sector continues to expand, it is anticipated that Maker will carve out a more significant market share. This trajectory is keenly watched in the latest news on MRK price.

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Live Maker Price Today in USD

The live Maker price today is $1,552.75 USD, with a current market cap of $1.30B. The Maker price is up by 1.29% in the last 24 hours, and the 24-hour trading volume is $37.91M. The MKR/USD (Maker to USD) conversion rate is updated in real time.

Maker Price History (USD)

The price of Maker is -43.45% over the last year. The highest price of MKR in USD in the last year was $3,204.61 and the lowest price of MKR in USD in the last year was $837.23.

TimePrice change (%)

Lowest price

Highest price

24h+1.29%$1,533.18$1,572.67

7d+2.95%$1,447.54$1,572.74

30d+21.14%$1,049.82$1,572.74

90d+45.69%$837.23$1,790.71

1y-43.45%$837.23$3,204.61

All-time+6924.73%$21.06(2017-01-30, 8 years ago )$6,340.55(2021-05-03, 4 years ago )

Maker price historical data (all time).

What is the highest price of Maker?

The all-time high (ATH) price of Maker in USD was $6,340.55, recorded on 2021-05-03. Compared to the Maker ATH, the current price of Maker is down by 75.51%.

What is the lowest price of Maker?

The all-time low (ATL) price of Maker in USD was $21.06, recorded on 2017-01-30. Compared to the Maker ATL, the current price of Maker is up by 7271.27%.

Maker Price Prediction

When is a good time to buy MKR? Should I buy or sell MKR now?

When deciding whether to buy or sell MKR, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget MKR technical analysis can provide you with a reference for trading.

According to the MKR 4h technical analysis, the trading signal is Strong buy.

According to the MKR 1d technical analysis, the trading signal is Strong buy.

According to the MKR 1w technical analysis, the trading signal is Buy.

What will the price of MKR be in 2026?

Based on MKR's historical price performance prediction model, the price of MKR is projected to reach $1,839.14 in 2026.

What will the price of MKR be in 2031?

In 2031, the MKR price is expected to change by +23.00%. By the end of 2031, the MKR price is projected to reach $2,812.47, with a cumulative ROI of +80.43%.

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Maker technical analysis

Maker price prediction

FAQ

What factors influence the price of Maker (MKR)?

The price of Maker (MKR) is influenced by factors such as market demand and supply, the stability of the DAI stablecoin, overall cryptocurrency market sentiment, regulatory developments, and updates to the MakerDAO protocol.

How does the price of MKR correlate with DAI's stability?

Where can I buy Maker (MKR)?

Is Maker (MKR) a good investment right now?

How often does the price of MKR change?

What are the historical price trends of MKR?

What is the difference between MKR and DAI in terms of price impact?

What are the risks associated with investing in Maker (MKR)?

How does MKR's price affect the MakerDAO system?

Can I trade MKR with leverage on Bitget Exchange?

Is Maker MKR a Good Investment?

How to make money with Maker (MKR) Coin

What factors influence Maker (MKR) price?

Is MKR token considered DeFi?

Is Maker decentralized?

Is MKR a stablecoin?

What is the current price of Maker?

What is the 24 hour trading volume of Maker?

What is the all-time high of Maker?

Can I buy Maker on Bitget?

Can I get a steady income from investing in Maker?

Where can I buy Maker with the lowest fee?

Maker news

Sky Protocol Proposes Final Transition from Maker, Unveils Governance Token Overhaul and Staking Launch

DeFi Planet•2025-05-03 07:33

Movement Labs Suspends Co-Founder Amid Investigation

Coinlive•2025-05-03 01:55

Shocking Allegations: Movement Labs Co-Founder Suspended Amid Crypto Misconduct Probe

BitcoinWorld•2025-05-02 12:00

Sky Community is Considering a Final Proposal to Replace MKR with SKY as the Sole Governance Token

金色财经•2025-05-01 14:03

BlackRock Bitcoin ETF Buys 2,830 BTC Worth $267M

Coinomedia•2025-05-01 08:33

POSA and Crypto Giants Push SEC for Staking Clarity

Coinomedia•2025-05-01 08:33

BitMEX Fuels Bitcoin’s $100K Sprint — But Is Qubetics the True Money Maker as the Top Altcoin for Huge Gains?

Coinomedia•2025-05-01 08:33

Market Maker’s Token Sale Leads to MOVE Token Plunge

TokenTopNews•2025-04-30 23:44

Sky community mulls final proposal to replace MKR with SKY as sole governance token, enabling staking and USDS rewards

The Block•2025-04-30 16:00

Data: Standard Crypto partner transferred 2,000 MKR and 20,000 AAVE to CEX 1 hour ago

Chaincatcher•2025-04-30 02:34

Maker updates

The Best Solana Decentralized Exchanges in 2025

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What Is Gomble (GM)? The Web3 Game Where Playing With Friends Pays Off

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StakeStone (STO): Revolutionizing Omnichain Liquidity for ETH and BTC

Bitget academy • 2025-04-02 10:09

Major U-Turn in Crypto Markets Sends Bitcoin Back Below $87K

Bitget academy • 2025-03-04 07:20

Solayer (LAYER): Enhancing Liquidity and DeFi on Solana

Bitget academy • 2025-02-11 03:22

241120: Blockchain Expert Teresa Goody Guillén Could Lead SEC in Pro-Crypto Era

Bitget academy • 2024-11-20 04:51

Today's Tomarket Daily Combo Codes for November 15, 2024

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Today's TapSwap Daily Cinema Codes for October 31, 2024

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Bitget Call Auction: Overview, Benefits and Guidelines

Bitget academy • 2024-10-10 03:36

Bitget User Guide: BGB Fee Deduction

Bitget academy • 2024-08-26 08:39

Maker Market

Pair

Type

Price

24h volume

Action

MKR/USDT

Spot

1549

$166.51K

Trade

MKRUSDT

Perpetual

1548.9

$934.1K

Trade

Maker Holdings

Maker holdings distribution matrix

Balance (MKR)

Addresses

% Addresses (Total)

Amount (MKR|USD)

% Coin (Total)

0-0.01 MKR

52.44K

53.88%

179.94 MKR

$273.91K

0.02%

0.01-0.1 MKR

23.99K

24.65%

776.25 MKR

$1.18M

0.07%

0.1-1 MKR

13.02K

13.38%

4.35K MKR

$6.62M

0.37%

1-10 MKR

6.11K

6.27%

16.34K MKR

$24.87M

1.40%

10-100 MKR

1.25K

1.28%

38.37K MKR

$58.41M

3.30%

100-1000 MKR

390

0.40%

119.22K MKR

$181.49M

10.25%

1000-10000 MKR

121

0.12%

325.02K MKR

$494.78M

27.93%

10000-100000 MKR

0.01%

341.91K MKR

$520.48M

29.38%

100000-1000000 MKR

0.00%

317.46K MKR

$483.27M

27.28%

>1000000 MKR

0.00%

0 MKR

0.00%

Global Maker Prices

How much is Maker worth right now in other currencies? Last updated: 2025-05-03 08:04:51（UTC+0）

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How to buy Maker(MKR)

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After having successfully signed up on Bitget and purchased USDT or MKR tokens, you can start trading derivatives, including MKR futures and margin trading to increase your income.

The current price of MKR is $1,552.75, with a 24h price change of +1.29%. Traders can profit by either going long or short onMKR futures.

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After signing up on Bitget and successfully buying USDT or MKR tokens, you can also start copy trading by following elite traders.

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1. Log in to your Bitget account.

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3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.

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Cryptocurrency investments, including buying Maker online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Maker, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Maker purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

MKR to USD converter

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1 MKR = 1,552.75 USD

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MKR resources

Tags：

Store Of Value

DeFi

DAO

Ethereum Ecosystem

Maker ratings

Average ratings from the community

4.4

100 ratings

This content is for informational purposes only.

Bitget Insights

TechBeastz

Fresh movements ripple through the crypto markets as $CEL and $MKR demonstrate notable rebounds after recent dips. $CEL surged 12% following strategic partnership announcements that promise to expand its lending platform’s reach. Meanwhile, $REN has seen a steady uptick of 8%, buoyed by growing interest in its cross-chain liquidity solutions. Over on the privacy front, $DCR edged up 5%, fueled by updates aiming to enhance transaction anonymity. In a surprising twist, $GRT experienced a minor pullback, providing a potential entry point for investors focusing on decentralized indexing. Amid these fluctuations, market watchers remain vigilant, eyeing how macroeconomic shifts may influence the next wave of crypto momentum.

UP-0.85%

MKR-1.46%

TechBeastz

In recent market movements, $CELO has surged over 15% following the announcement of a strategic partnership aimed at expanding decentralized finance access in emerging markets. Meanwhile, $GRT showed resilience, rebounding nearly 10% amid renewed interest in indexing protocols. $MKR also caught investors’ attention with a sharp 8% climb, spurred by governance updates that promise improved protocol sustainability. On the other hand, $SNX faced pressure, declining around 6% after a period of consolidation, though its staking rewards continue to attract long-term holders. Lastly, $KAVA posted steady gains, buoyed by growing adoption in cross-chain DeFi lending services. Overall, these altcoins highlight ongoing diversification in the crypto space beyond the most widely known assets.

In recent trading action, notable movers include $CEL and $REN, which have seen a surge in volume following positive development news from their respective ecosystems. $CEL benefited from an upgrade to their lending platform, boosting investor confidence and pushing prices up by over 8% in the last 24 hours. Meanwhile, $REN gained traction as it announced new partnerships aimed at expanding cross-chain interoperability, reflecting a 10% price jump. Also catching trader attention is $MKR, which, despite previous mentions, surged again today after governance votes concluded favoring a protocol upgrade. Other coins gaining momentum include $STMX and $LOOM, where speculative buying is driving prices higher amid growing interest in their blockchain gaming integration. On the downside, tokens like $CVC and $BAL faced mild pullbacks due to broader market volatility and profit-taking after recent rallies. The landscape remains dynamic as traders weigh ongoing ecosystem updates against macroeconomic signals impacting crypto markets globally. Traders are advised to keep an eye on upcoming announcements and trading volumes as sentiment could swing quickly in response to news events.

Discover the Hottest Coins Set to Ignite Your Portfolio! In the ever-evolving world of cryptocurrency, making wise investment choices is crucial. Here are three standout coins that promise exciting potential for your portfolio: 1. Aptos (APT): Positioned as a strong contender in the Layer 1 blockchain space, Aptos prioritizes scalability and security with its innovative consensus mechanism. Its growing ecosystem and partnerships make it a must-watch. 2. Immutable X (IMX): Focused on revolutionizing the gaming and NFT sectors, Immutable X offers carbon-neutral transactions and instant trade confirmations. As the gaming industry continues to integrate blockchain, IMX stands poised for significant growth. 3. Maker (MKR): As a leader in decentralized finance, Maker allows users to borrow against their cryptocurrency assets. With the rise of DeFi projects and stablecoins, MKR’s robust governance model and utility will likely attract more investors. Stay informed and position yourself in these promising projects to maximize your investment strategy!

$BTC / $ETH: Monitor ETF inflows and Fed policy. A break above $93,000 could signal a rally . 2. Altcoins: Focus on AI ($FET, $RNDR), RWA ($ONDO, $MKR), and L2 solutions ($ARB, OP) . 3. DeFi: TVL dropped -27.5% in Q1, but staking and yield products may rebound .

FET-1.40%

BTC-0.70%

Maker technical analysis

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Additional info on Maker

ICO price

$250.06 ICO details

Coin overview

MKR overview About MKR Maker Whitepaper

Coin updates

Maker news Maker flash Events Calendar ICO Airdrop

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MKR is available for trading on the Bitget Exchange, and can be held in custody on Bitget wallet. Bitget Exchange is also one of the first CEX platforms to support MKR trades.

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MKR/USDT

Spot

MKR/USDT

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MKR/USDT

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