What is Maker?

Maker (MKR) is a DeFi protocol governance token currently ranked 218th by market capitalization across all crypto assets we track. DeFi governance tokens grant voting rights over protocol parameters and, in some cases, a share of protocol revenue.

Market position

At the current price of $1,298, Maker carries a market capitalization of $117.21M. Daily trading volume across exchanges sits at roughly $63.42K. That works out to a 24-hour turnover of about 0.05% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.

Price action across timeframes

Over the past 24 hours, Maker has moved -0.80%; over the past week, Maker has moved -17.93%; over the past 30 days, Maker has moved -26.01%; over the past year, Maker has moved -13.91%.

Cycle position

Maker is currently trading far below its all-time high (all-time high of $6,303, -79.4% from peak). . From its all-time low of $475.58, current pricing represents a +173% recovery.

Supply & dilution

The circulating supply stands at 90,320 MKR. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Maker in the High-volatility bucket. The asset has been actively trading, with daily moves that would be unusual in traditional equities. Over the past 30 days, the 30-day move totals -26.01%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate Maker

A balanced read on MKR typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is MKR performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Maker (MKR) is a decentralized governance token designed to manage the MakerDAO ecosystem, enabling users to participate in decision-making related to the stability of the DAI stablecoin. It plays a crucial role in maintaining the stability of the Maker Protocol by allowing holders to vote on important governance proposals. Source: CoinPaprika.com