BTCC/ Crypto Prices / Maker (MKR)
Maker

Maker Price MKR

USD
$1,434.31
$111.36 +8.42%
1D7D1M3M1Y YTD All

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Maker Today's Price

About Maker

As one of the largest decentralized applications (dApps) on the Ethereum blockchain, the maker protocol is designed by a group of different developers and managed by MakerDAO. MakerDAO is a decentralized autonomous organization (DAO) composed entirely of MKR holders from all over the world. These MKR holders are able to take shares in their MKR tokens in order to vote on proposed changes to the maker agreement — and to ensure the efficiency, transparency and stability of Dai.

For all its huge differences, holding MKR is a bit like owning shares in a traditional company, because shareholders have a say in deciding how the company operates. The maker ecosystem is one of the first defi projects to achieve significant success – which proves the effectiveness of true decentralized governance.

 

How Does Maker Work?

The maker protocol generates a new Dai through a smart contract called maker vaults. These contracts can be created through a variety of Web UIs and applications that are essentially portals to the web (such as oasis loan or instadapp). When users want to retrieve their pledged cryptocurrency from the smart contract, they must first repay the Dai and stabilization fee they generate.

MKR tokens can also be used to govern the maker protocol. The proposal to be voted takes the form of a smart contract and can be deployed by any Ethereum address. Then, the MKR holder community can vote on the proposal they wish to adopt, and Ethereum addresses that receive more approval votes in the form of MKR will be granted administrative authority to make proposed changes to the maker agreement.

 

Who is the Founder of Maker

The history of the maker ecosystem has gone through different stages, the first of which is MakerDAO. This was founded in 2014 by Rune Christensen, a Danish entrepreneur who graduated from the University of Copenhagen. After studying international business and biochemistry, Christensen co founded the recruitment company try China before entering the blockchain field.

Dai was officially launched on the Ethereum network in 2017, and then established the maker foundation in the second year. The organization aims to promote the growth of the ecosystem and takes the lead in the development of decentralization. Christensen serves as the chief executive officer of the foundation, while other members of the board include Steven Becker, President and chief operating officer (who previously founded cubit capital) and economist Sheffield Roy.

Initially, Ethereum was the only asset that could be mortgaged through the maker protocol, and the resulting Dai was called single mortgage Dai or Sai. In 2019, the MCD system was implemented, so today, any type of Ethereum based assets can be deposited as long as they are approved by the MKR holder community.

 

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Maker FAQ

What is the live price, market cap, and 24h volume of Maker (MKR)?

As of right now, the live price of Maker (MKR) is $1,434.31. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated MKR to USD rate at the top of BTCC’s price page. In terms of market scope, Maker records a 24h trading volume of $162.92K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $1.14B. Its current circulating supply stands at 0 out of a maximum supply cap of 1.00M.

Why does the price of Maker (MKR) fluctuate, and what drives its volatility?

The price volatility of Maker (MKR) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (0) to max supply (1.00M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.

What are the all-time high (ATH) and all-time low (ATL) for Maker (MKR)?

Looking at its historical price performance, Maker (MKR) hit an all-time high (ATH) of $6,339.02 on 2021-05-03 21:50, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $21.06 on 2017-01-30 06:25. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.

How to read the Maker (MKR) price chart for futures trading?

When trading MKR futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($162.92K), as price breakouts accompanied by strong volume offer higher reliability.

How to profit from Maker (MKR) price drops? (Short Selling Guide)

Unlike spot trading where you can only profit from rising prices, BTCC’s MKRUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Maker, simply log into your BTCC account with USDT margin available, navigate to the MKRUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.

Can I trade Maker (MKR) perpetual futures with high leverage on BTCC?

Yes. BTCC offers flexible, high-tier leverage options for MKRUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.

How to practice Maker (MKR) futures trading with a free demo account?

Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $1,434.31), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for MKRUSDT with zero financial risk.

Step-by-step guide: How to buy and trade Maker (MKR) on BTCC?

Trading Maker (MKR) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for MKRUSDT, and review its live price ($1,434.31) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.