Maker (MKR) Rank

#9
1

Maker (MKR) Price

$744
0.51%

Maker (MKR) Profile

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Latests Maker News

Reliably unreliable: Solana price dives after latest network outage

The Solana network is not having a good year, having suffered full or partial outages at least seven separate times over the past 12 months. Read More

4 months ago MKR

Endless Battlefield team sets a new milestone

Endless Battlefield team announces a new milestone. Read More

4 months ago MKR

Shiba Inu founder deletes social media posts, steps down from community

Pseudonymous Shiba Inu (SHIB) founder Ryoshi has walked away from the community after deleting all of their Tweets and blog posts this week. Read More

4 months ago MKR

Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH

The Bitcoin LN was first implemented into the Bitcoin mainnet in 2018 and has ever since been able to maintain an upward trajectory in terms of expanding its capacity. Read More

4 months ago MKR

Esports Powerhouse, Galaxy Racer Invests US$25 Million in Revolutionary Cryptocurrency Ecosystem, QUINT

The announcement marks the first time an esports organisation invests significantly into a cryptocurrency ecosystem Read More

4 months ago MKR
Truster Rank Evolution for MKR
Points Evolution for MKR
Events Profile for MKR
Latest Events for MKR
Date Event Class Event Type Event Details Original Points Current Points
Date Event Class Event Type Event Details Original Points Current Points
Date Event Class Event Type Event Details Original Points Current Points
Price Evolution for MKR
Holders Evolution for MKR
Market Cap Evolution for MKR
Volume Evolution for MKR
Holders Analysis for MKR
Holders Count Distribution Total Supply 9
Holders Stack Distribution Total Supply 9
Holders Count Distribution Total Supply 9
Holders Stack Distribution Total Supply 9
Holders Count Distribution Total Supply 9
Holders Stack Distribution Total Supply 9
Twitter - Daily Tweets Count for MKR
Twitter - Daily Followers Evolution for MKR
Telegram Users for MKR
Cointruster Visits to MKR

Maker [MKR] threatens a push lower, can $750 stave off bears’ efforts

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. MakerDAO’s token MKR formed a series of lower highs on the price charts in recent days. This was indicative of a downtrend in progress, and the technical indicators also agreed. However, the price also […]

AMBCrypto - a month ago MKR MKR

Can Maker’s ‘world-first’ move merge DeFi with traditional banking

Maker was one of the most-discussed altcoins of the week. The Decentralized Finance protocol proposed the move of integrating the traditional banking system into its ecosystem. The response being overwhelmingly positive might open doors for many more similar instances. Maker goes big The MakerDAO community recently voted on the proposal of adding a 100 million […]

AMBCrypto - 3 months ago MKR MKR

U.S. Bank Will Connect With Ethereum’s MakerDAO To Borrow $100 Million

Ethereum’s decentralized finance protocol MakerDAO proposed a historic vote to connect a U.S. bank to its platform, the Huntingdon Valley Bank (HVB). The community has approved the proposal and the financial entity will be able to access an initial debt ceiling of $100 million. Related Reading | NFTs Enter A New Era As Solana Closes The […]

Bitcoinist - 3 months ago MKR MKR

Global Analysis for MKR
Parameter Value Tier Status
Project Maturity 6 years Tier 1
Established Project
Transaction Volume Level $30,051,849 - 7D avg transacted Tier 2
Medium Volume
Cryptocurrencies Sites Listings
  • Coinmarket Cap
  • Coingecko
  • CoinPaprika
Tier 1
Normal Exposure
Exchanges Listings
  • Huobi Global
  • Gate.io
  • Blockchain.com
  • Liquid
  • Upbit
  • Poloniex
  • ProBit Global
  • Bittrex
  • LBank
  • BitMart
  • XT.COM
  • Coinstore
  • Uniswap (v3)
  • Omgfin
  • CoinDCX
  • Deversifi
  • Foxbit
  • Bilaxy
  • Coinzoom
  • NiceHash
  • Indodax
  • eToroX
  • Tokenomy
  • TokoCrypto
  • Bitbuy
  • Bitbank
  • Nominex
  • Balancer (v1)
  • WazirX
  • BitBNS
  • Tokenize
  • Coinlist
  • Energiswap
  • EXMO
  • LCX Exchange
  • Biconomy
  • NovaDAX
  • CEX.IO
  • Oceanex
  • BTC-Alpha
  • Bit.com
  • CoinEx
  • KickEX
  • Zipmex
  • Mercado Bitcoin
  • LATOKEN
  • Bitkub
  • Bancor Network
  • ExMarkets
  • BTSE
  • Sushiswap
  • CoinTiger
  • BtcTurk PRO
  • Uniswap (v2)
  • Bitso
  • AEX
  • Bitazza
  • Bitget
  • ZigZag
Tier 1
High Exposure
Social Channels 231,279 users is Social Channels Tier 2
Popular
Team Doxxed Level -- -- Review Incoming
Team Roadmap Compliance -- -- Review Incoming
Tokenomics Level
-- -- Review Incoming
Smart Contract Analysis -- -- Review Incoming
Project Overview for MKR
Project Description MKR is a cryptocurrency depicted as a smart contract platform and works alongside the Dai coin and aims to act as a hedge currency that provides traders with a stable alternative to the majority of coins currently available on the market. Maker offers a transparent stablecoin system that is fully inspectable on the Ethereum blockchain. Founded almost three years ago, MakerDao is lead by Rune Christensen, its CEO and founder. Maker’s MKR coin is a recent entrant to the market and is not a well known project. However, after today it will be known by many more people after blowing up 40% and it is one of the coins to rise to prominence during the recent peaks and troughs.

After being developed by the MakerDAO team, Maker Dai officially went live on December 18th, 2017. Dai is a price stable coin that is suitable for payments, savings, or collateral and provides cryptocurrency traders with increased options concerning opening and closing positions. Dai lives completely on the blockchain chain with its stability unmediated by the legal system or trusted counterparties and helps facilitate trading while staying entirely in the world of cryptocurrencies. The concept of a stablecoin is fairly straight forward – it’s a token that has its price or value pegged to a particular fiat currency. A stablecoin is a token (like Bitcoin and Ethereum) that exists on a blockchain, but unlike Bitcoin or Ethereum, Dai has no volatility.

MKR is an ERC-20 token on the Ethereum blockchain and can not be mined. It’s instead created/destroyed in response to DAI price fluctuations in order to keep it hovering around $1 USD. MKR is used to pay transaction fees on the Maker system, and it collateralizes the system. Holding MKR comes with voting rights within Maker’s continuous approval voting system. Bad governance devalues MKR tokens, so MKR holders are incentivized to vote for the good of the entire system. It’s a fully decentralized and democratic structure, then, which is an underutilized USP of blockchain tech.

Value volatility is a relative concept among both cryptos and fiat currencies. The US dollar, for example, was worth 110.748 yen on July 9, 2018. On July 4, 2011, $1 was worth 80.64 yen, and on March 18, 1985, $1 was worth 255.65 yen. These are major differences in exchange rates, and inflation within each country makes each currency worth different values even when compared to themselves. One USD in 1913 is worth the equivalent of $25.41 today, and even $1 in 1993 is worth the equivalent of $1.74 today. Stablecoins don’t negate these basic economic principles of value. Instead, both Tether and Dai have values pegged to the U.S. dollar. This is done to stabilize the price.
Maker Contracts
ETH ETH
0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
BNB BNB
0x5f0da599bb2cccfcf6fdfd7d81743b6020864350
AVAX AVAX
0x88128fd4b259552A9A1D457f435a6527AAb72d42
Total Supply 9
Holders Count 3,646
Maker Categories
BNB Chain Ecosystem
Governance
Lending/Borrowing
Arbitrum Ecosystem
Avalanche Ecosystem
Decentralized Finance (DeFi)
Near Protocol Ecosystem
Ethereum Ecosystem
Current Maker Price $744
MKR Status in the last 24 hours