Maker (MKR) currently has a price of $2K and is up 0.53% over the last 24 hours. The cryptocurrency is ranked 51 with a market cap of $1.9B. Over the last 24 hours, it saw $74.8M of trading volume. The token has a circulating supply of 923.3K tokens out of a total supply of 977.6K tokens.
Maker (MKR) operates on the Ethereum blockchain and is specifically designed for governance and risk management within the MakerDAO ecosystem. MKR tokens give holders the power to vote on important decisions and play a crucial role in maintaining the stability of the associated stablecoin, DAI. MKR also functions as a risk management tool by absorbing losses and stabilizing the price of DAI in the event of defaults or undercollateralized loans, promoting responsible behavior and ensuring the stability of the stablecoin.
Disclaimer: The “About” content was generated with the use of AI. For feedback and sponsorship enquiries, email [email protected].
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.