What is Maker?
Maker (MKR) is a DeFi protocol governance token currently ranked 213th 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 $1,652, Maker carries a market capitalization of $150.01M. Daily trading volume across exchanges sits at roughly $56.57K. That works out to a 24-hour turnover of about 0.04% 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 ++0.20%; over the past week, Maker has moved -2.93%; over the past 30 days, Maker has moved ++12.56%; over the past year, Maker has moved ++16.18%. The trend reads as broadly constructive across timeframes — short-, mid-, and long-term momentum align positively.
Cycle position
Maker is currently trading deeply below its all-time high (all-time high of $6,303, -73.8% from peak). Classic accumulation territory where long-term holders historically build positions. From its all-time low of $475.58, current pricing represents a +247% recovery.
Supply & dilution
The circulating supply stands at 90,831 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 Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets. Over the past 30 days, the 30-day move totals +12.56%, 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.