⬢ Maker MKR
$1550
+1.5% 24h Rank #50

Key Stats

Market Cap
$1.4B
24h Volume
$40M
Circulating Supply
910K MKR
Max Supply
1.0M MKR

What Is Maker (MKR)?

Maker is the governance token of MakerDAO — the protocol behind DAI, the largest decentralized stablecoin with $5B+ in circulation. MKR holders govern the DAI system: setting interest rates, approving collateral types, and managing risk parameters. MKR is also the recapitalization token — if DAI becomes undercollateralized, new MKR is minted and sold to cover the deficit.

Why Maker matters:

• DAI is DeFi's backbone: the most widely used decentralized stablecoin, trusted across hundreds of protocols.

• Revenue-generating: MakerDAO collects interest from DAI borrowers and stability fees — real cash flow that MKR holders can direct.

• Extremely scarce: only ~910K MKR exist (1M max). Each MKR represents governance over a $5B+ stablecoin system.

How to Buy Maker (MKR) on Gate.io

Step 1: Register on Gate.io (sign up here)

Step 2: Complete KYC Level 1 (instant)

Step 3: Deposit USDT via P2P (0 fees, 5-30 min)

Step 4: Go to Spot Trading → search MKR/USDT → buy

💡 Tip: MKR is one of the few DeFi tokens with real revenue and extreme scarcity (910K supply). If MakerDAO distributes surplus to MKR holders (as discussed in governance), MKR could become a yield-bearing governance asset.

How does DAI maintain its $1 peg? +
DAI is backed by overcollateralized vaults — users deposit ETH, WBTC, USDC, and other assets worth more than the DAI they borrow. If collateral value drops too low, the vault is liquidated. MKR acts as the backstop: if system debt exceeds collateral value, new MKR is minted and sold to recapitalize. This dual mechanism has kept DAI near $1 through every crypto crisis.
What is the MakerDAO Endgame? +
MakerDAO's "Endgame" plan (proposed by founder Rune Christensen) involves splitting Maker into multiple SubDAOs (each with its own token), launching new collateral chains, and ultimately rebranding as "Sky." MKR would migrate to SKY at a 1:24,000 ratio. It's ambitious and controversial — watch governance votes before making long-term MKR decisions.
Why is MKR so expensive per token? +
With only 910K MKR in circulation, each token governs a $5B+ stablecoin system. The scarcity is extreme — fewer MKR exist than almost any major crypto asset. Per-token price is high, but market cap ($1.4B) is moderate. Don't compare per-token price; compare market cap to the system's revenue and TVL.
MKR vs AAVE — which is the better DeFi governance hold? +
MKR governs a stablecoin system ($5B+ DAI) with real interest revenue. AAVE governs a lending protocol ($12B+ TVL) with potential but unactivated fee revenue. MKR has more proven cash flow; AAVE has more growth potential. Both are top-tier DeFi governance — diversifying across both is reasonable.
⚠️ Risk Disclaimer: Crypto prices are volatile. This is informational only, not investment advice.

Buy Maker on Gate.io

No VPN · Lowest fees · Instant KYC · 2,400+ coins

Register on Gate.io →