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View ChartAs 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 use their MKR tokens to vote on proposed changes to the Maker Agreement, and to ensure the efficiency, transparency, and stability of Dai.
Maker (MKR) has been rebranded to Sky (SKY); according to CoinMarketCap, further details are available in its announcement.
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. Unlike traditional shares, MKR does not pay dividends; it confers voting rights only. According to the Maker Protocol white paper, it is described as the first decentralized finance (DeFi) application to see significant adoption.
The Maker Protocol generates new Dai through smart contracts 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 on 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.
The history of the Maker ecosystem has gone through different stages, the first of which is MakerDAO. MakerDAO was created by Rune Christensen; CoinMarketCap dates its founding to 2015, while some earlier overviews cite 2014. Rune Christensen, an entrepreneur from Denmark, holds a degree in biochemistry from Copenhagen University and studied international business at Copenhagen Business School. Before entering the blockchain field, he co-founded and managed the Try China international recruiting company.
Maker was initially conceived in 2015 and fully launched in December 2017; Dai went live on Ethereum in 2017, and the Maker Foundation was established in 2018. 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 Collateral Dai or Sai. In 2019, the MCD system was implemented, so today a range of Ethereum-based assets can be deposited, provided they are approved by the MKR holder community. The upgrade from Single-Collateral to Multi-Collateral Dai was planned as a network launch milestone.
MakerDAO seeks to minimize Dai's price volatility against the IMF's international currency basket (SDR), while Dai is commonly described as soft-pegged to the US dollar.
Contract address: 0x9f8f...a579a2 (as listed on CoinMarketCap); explorer: etherscan.io.
Total supply: approximately 870.82K MKR (CoinMarketCap); max supply: 1M MKR; self-reported circulating supply: 847.22K MKR (84.72%).
MKR and Dai are subject to market price volatility, and the value of both tokens can rise or fall significantly. Regulatory policy toward DeFi and stablecoins may change and affect how the protocol operates. Smart contract and technical risks also apply, including the possibility of bugs or exploits in the underlying code. The points above are informational and should not be treated as statements of fact about future outcomes.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for MKR are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Maker (MKR) is $1,454.73. 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 $13.65K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $1.25B. Its current circulating supply stands at -- out of a maximum supply cap of 1M.
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 (--) to max supply (1M), 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.
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.
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 ($13.65K), as price breakouts accompanied by strong volume offer higher reliability.
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.
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.
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: $1,454.73), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for MKRUSDT with zero financial risk.
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 ($1,454.73) 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.
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