Maker (MKR) is a prominent Ethereum-based cryptocurrency that powers one of the most influential decentralized finance (DeFi) ecosystems. As a governance token for the MakerDAO protocol, MKR enables holders to vote on critical system parameters, including risk management, collateral types, and stability fees. Since its launch in 2017, MKR has played a foundational role in the growth of DeFi, supporting the issuance of DAI — a widely used decentralized stablecoin pegged to the US dollar.
This comprehensive guide explores the current state of Maker, including price trends, market metrics, technical analysis, and investor insights — all optimized for clarity, accuracy, and search relevance.
Current MKR Price and Market Data
As of the latest update, Maker (MKR) is trading at $1,880 USD**, with a 24-hour trading volume of **$209.2 million. Over the past day, MKR has declined by 5.57%, reflecting broader market corrections within the DeFi sector. The opening price was $1,938, indicating a drop of -2.98% from the session's start.
Despite brief rebounds to $1,940, upward momentum has stalled. Compared to its 30-day high, MKR is down 17.68%, while it remains 14.36% above its recent low — suggesting moderate volatility but continued investor interest.
Price Performance Across Timeframes
| Currency Pair | 1-Hour | 24-Hour | 7-Day | 30-Day | 1-Year |
|---|---|---|---|---|---|
| USD | -1.26% | -5.57% | +1.48% | +2.13% | -22.14% |
| BTC | -1.49% | -5.20% | +0.30% | -1.24% | -56.64% |
| ETH | -0.57% | -3.68% | -2.81% | +5.32% | +1.79% |
While MKR has underperformed against USD and BTC over the year, it shows resilience against ETH — gaining nearly 1.8% annually — which may reflect stronger alignment with Ethereum’s ecosystem developments.
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Market Capitalization and Supply Metrics
Maker ranks #50 by market capitalization, with a current market cap of $1.68 billion. The circulating supply stands at 892,234 MKR, though total supply details are limited due to the token’s unique deflationary model.
Fully Diluted Valuation (FDV): Calculated as total supply multiplied by current price, FDV offers insight into potential market size if all tokens were in circulation.
Unlike inflationary tokens, MKR is designed to be deflationary — new tokens are minted only during debt auctions, while surplus revenue from stability fees leads to buybacks and burns, gradually reducing supply over time.
Wealth Distribution and Holder Insights
The distribution of MKR tokens provides valuable clues about decentralization and market control.
- Top 10 addresses: Hold 24.99% of total supply
- Addresses 11–100: Control 46.31%
- Addresses 101–1000: Own 23.03%
- All others: Account for just 5.67%
This indicates a relatively concentrated ownership structure, where a small number of wallets wield significant governance influence. Some top addresses likely belong to major exchanges or institutional holders.
Blockchain Activity Snapshot
- Transactions in last 24 hours: 1,157
- Average hourly transactions: 48.21
- Total token holders: 81,262
- Total token transfers: 1,326,435
- Top 100 richest wallets hold: 336,736 MKR (~72% of supply)
High concentration among top holders underscores the importance of governance participation by smaller stakeholders to maintain decentralization.
Historical Performance and ROI Trends
MKR reached its all-time high of $5,573** in early 2022. As of now, the price remains **66.26% below** that peak. Over the past 52 weeks, MKR fluctuated between **$848.53 (low) and $3,112 (high).
Return on Investment (ROI) & Volatility
| Metric | Value |
|---|---|
| 3-Month ROI | +41.53% |
| 6-Month ROI | +19.10% |
| 12-Month ROI | -17.32% |
| 3-Month Volatility | 42.33% |
| 6-Month Volatility | 65.42% |
| 12-Month Volatility | 91.26% |
| Maximum Drawdown | -92.01% |
| Win Rate (Daily Gains) | 49.22% |
Despite high volatility, MKR delivered strong short-term returns in Q1 2025, likely driven by renewed DeFi activity and Ethereum upgrades enhancing network efficiency.
Technical Analysis: Short-Term Outlook
Technical indicators suggest a mixed but cautiously bearish sentiment in the near term:
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 52.06 | Neutral |
| CCI (20) | -34.88 | Neutral |
| ADX (14) | 51.73 | Sell |
| Williams %R (14) | -39.71 | Neutral |
| Ultimate Oscillator | 51.73 | Neutral |
Moving averages reveal a key resistance level forming around $1,920–$1,940, where multiple short-term SMAs and EMAs converge. Notably:
- SMA(10), SMA(20), SMA(30): All above current price → Sell signals
- SMA(50), SMA(100), SMA(200): Below current price → Buy signals
This creates a classic "golden cross" setup in longer timeframes, suggesting long-term bullish potential if price sustains above $1,900.
Frequently Asked Questions (FAQ)
Q: What is Maker (MKR) used for?
A: MKR is the governance token of MakerDAO, allowing holders to vote on changes to the protocol that issues DAI, a decentralized stablecoin backed by crypto collateral.
Q: Is MKR a good investment?
A: MKR has shown high volatility but strong recovery potential. Its deflationary model and central role in DeFi make it appealing for long-term investors who believe in decentralized financial systems.
Q: How many MKR tokens are in circulation?
A: Approximately 892,234 MKR are currently in circulation, with no fixed maximum supply due to its dynamic economic model.
Q: Where can I buy MKR safely?
A: MKR is available on over 58 exchanges, including major platforms supporting Ethereum-based tokens.
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Q: How does MKR’s price relate to DAI?
A: While DAI aims to stay pegged to $1, MKR’s value depends on the health and usage of the Maker system — more DAI minted means higher demand for MKR governance and risk absorption.
Q: Can MKR be staked or earn yield?
A: Direct staking isn’t supported natively, but users can provide liquidity or participate in yield-generating strategies via DeFi platforms using MKR as collateral.
Quarterly and Monthly Returns
MKR’s quarterly performance reflects cyclical DeFi trends:
- Strong gains in Q1 2025 (+41.53%) followed by consolidation
- Positive momentum in early bull cycles tied to ETH rallies
- Sharp corrections during broader crypto downturns
Monthly data shows increased trading frequency — over 48,174 transactions in the last 30 days, averaging 1,605 daily trades — signaling active engagement despite price stagnation.
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Final Thoughts
Maker (MKR) remains a cornerstone of the decentralized finance revolution. Despite trading well below its all-time high and facing intense competition from newer protocols, its proven track record, robust governance model, and integral link to DAI ensure ongoing relevance.
For investors, MKR offers exposure not just to price appreciation but to the evolution of decentralized monetary policy — governed transparently by code and community.
Whether you're analyzing short-term technicals or building long-term DeFi portfolios, understanding MKR’s dynamics is essential in today’s crypto landscape.
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