Maker is the native token of decentralized lending platform Maker. Maker is a utility token and can be staked in return for rewards. Maker platform's most used product is DAI stablecoin. Users can use Ethereum as collateral to create new DAI stablecoins. Maker platform is governed by MakerDAO which is a decentralized autonomous organization. Maker holders can vote on MakerDAO's governance.
With a total market cap of over $625 million, Maker is the No. 60 cryptocurrency by market size. The currency symbol for Maker is MKR. There will only ever be 1 million Maker tokens issued. So far 977 thousand tokens (97.2% of the total supply) have been issued. We found savings accounts offering up to 7.2% APY on Maker deposits and loans as low as 0.0591% APY against Maker used as collateral. Check out our Maker staking yields table and for further details.
The technical price analysis for Maker below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Maker.
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