Current Maker Price Overview
The current price of Maker (MKR) is €1,591.99, reflecting a -5.35% change over the past 24 hours. Trading volume stands at €42,271,313.55, with a circulating supply of 521,177.28 MKR.
- All-Time High (ATH): €5,215.61
- All-Time Low (ATL): €150.74
- Market Cap: Not Available
Market Correlation
How does Maker’s price movement correlate with broader crypto trends? Analyze real-time data with our Crypto Exchange Rates Tool for actionable insights.
What Is Maker (MKR)?
Maker (MKR) is the native governance and utility token of MakerDAO, a decentralized lending platform built on Ethereum. Launched in 2017, MKR enables holders to vote on protocol upgrades and stabilize the Dai (DAI) stablecoin.
Key Features:
- Governance: MKR holders decide on critical parameters (e.g., stability fees, collateral types).
- Utility: MKR is minted/burned to ensure DAI’s peg remains secure.
- Volatility: Unlike DAI, MKR’s price fluctuates significantly.
Historical Price Analysis
2017–2019: Early Volatility
- 2017: Traded between €680–€1,275 during the crypto bull run.
- 2018: Plummeted to €300 amid market corrections.
- 2019: Peaked at €780 in April before ending the year at €440.
2020–2021: Recovery and ATH
- March 2020: Hit ATL at €161 during the COVID crash.
- August 2020: Surged past €840.
- April 2021: Reached ATH (€5,215.61) amid DeFi hype.
Factors Influencing MKR’s Price:
- Supply Dynamics: Fixed near 1M MKR (fully diluted).
- Demand Drivers: Governance utility and ecosystem growth.
- Market Sentiment: Tied to Ethereum and DeFi trends.
Live Market Data
| Metric | Value |
|-----------------|---------------------|
| Current Price | €1,591.99 |
| 24h Change | -5.35% |
| Trading Volume | €42,271,313.55 |
| Circulating Supply | 521,177.28 MKR |
👉 Track MKR’s live price for instant updates.
FAQs
1. What was Maker’s highest price in EUR?
€5,215.61 (April 2021).
2. What’s the lowest recorded MKR price?
€150.74 (March 2020).
3. How do I buy Maker (MKR)?
Purchase MKR on regulated exchanges like OKX.
4. Will MKR’s value increase?
Adoption of MakerDAO and DAI’s growth could drive long-term demand.
Conclusion
Maker’s price reflects its dual role as a governance token and market stabilizer. While past performance shows extreme volatility, its utility within DeFi positions MKR as a unique asset.
Ready to invest? Start trading MKR today!
What’s the value of 1 MKR?
Check live rates above for real-time pricing.