Maker (MKR) is the governance token of the MakerDAO and Maker Protocol, a decentralized organization and software platform based on the Ethereum blockchain. Its primary function is to manage and govern the DAI stablecoin, a community-managed decentralized cryptocurrency soft-pegged to the US dollar ¹.$MKR
*Key Statistics:*
- _Market Capitalization:_ $1.48 billion ¹
- _Circulating Supply:_ 882,730 MKR ¹
- _Total Supply:_ 927,054 MKR ¹
- _All-Time High:_ $6,292.31 (May 03, 2021) ²
- _All-Time Low:_ $168.36 (Mar 16, 2020) ²
*MKR Token Utility:*
- _Governance:_ Participate in platform decision-making and vote on proposals ³
- _Recapitalization:_ Minted or burned to maintain system stability ³
- _Stability Fees:_ Pay fees for transactions ³
- _Voting Power:_ Holders have voting rights, with voting power depending on the size of their MKR stake ⁴
*Where to Buy MKR:*
You can purchase MKR on centralized crypto exchanges like Binance, Coinbase, and DigiFinex ² ⁵.
*Current Price and Trends:*
The current price of MKR is around $1,686.84, with a 24-hour trading volume of $78.90M ⁵. The price has increased by 6.70% in the past 24 hours and by 7.27% in the past week ⁵.