The world of decentralized finance (DeFi) continues to evolve, and at the heart of this transformation stands Maker (MKR)—a governance token powering one of the most influential protocols in the blockchain space. Whether you're tracking real-time price movements or analyzing long-term trends, understanding MKR’s market behavior is essential for investors and crypto enthusiasts alike.
This comprehensive guide delivers up-to-date insights into the Maker price in USD, key market statistics, historical performance, supply dynamics, and recent developments shaping its future.
Current Maker (MKR) Price and 24-Hour Performance
As of July 2, 2025, the current price of Maker (MKR) is $1,871.29. Over the past 24 hours, MKR has seen a decline of -2.36%, with a minor fluctuation of -0.3% in the last hour. Despite short-term volatility, the asset remains within a tight trading range.
Key 24-hour metrics include:
- 24h Low: $1,826.80
- 24h High: $1,916.54
- 24h Trading Volume: $49,122,001
This volume indicates consistent investor interest and active trading across major exchanges. The relatively narrow spread between high and low suggests moderate market stability despite downward pressure.
Long-Term Price Trends and Historical Performance
Understanding MKR’s long-term trajectory helps contextualize its current valuation and potential for growth.
- 7-Day Change: -6.18%
- 30-Day Change: +18.55%
- 200-Day Change: -8.8%
- 1-Year Change: -27.03%
While MKR has faced headwinds over the past year due to broader macroeconomic conditions and DeFi sector consolidation, it showed notable resilience with an 18.55% gain in the past month—hinting at renewed bullish momentum.
The all-time high for Maker was $6,292.31**, reached on May 3, 2021, during the peak of the DeFi boom. Conversely, its **all-time low** was **$168.36, recorded on March 16, 2020, amid early pandemic-driven market turmoil.
Despite being down significantly from its ATH, MKR remains a cornerstone asset in the DeFi ecosystem, supported by strong fundamentals and protocol innovation.
Market Capitalization and Valuation Metrics
Market capitalization provides insight into an asset’s relative size and investor confidence.
- Market Cap Rank: # (data unavailable)
- Market Capitalization: $0 (data discrepancy noted)
- Fully Diluted Valuation (FDV): $881,708,864
While circulating supply data appears inconsistent in some sources (listed as $0), FDV offers a more reliable benchmark for long-term valuation potential. A strong FDV relative to market cap often signals future token unlock events or vesting schedules—common in governance token models.
MKR’s position in the DeFi sector remains robust, especially as the protocol transitions under the new Sky Protocol rebrand, aiming to expand its utility beyond DAI stablecoin issuance.
Maker Token Supply Overview
Supply mechanics play a crucial role in understanding scarcity and inflationary pressures.
- Circulating Supply: Data currently unavailable (reported as $0)
- Total Supply: 471,034 MKR
- Maximum Supply: 1,005,577 MKR
Unlike many cryptocurrencies with fixed supplies, MKR uses a dynamic monetary policy governed by DAO votes. The protocol can adjust supply through mechanisms like auctions and buybacks to maintain system stability—especially during collateral liquidations or debt auctions.
This unique feature makes MKR not just a speculative asset but also a critical tool for maintaining economic equilibrium within the Maker ecosystem.
Recent Developments: The Sky Protocol Rebrand
One of the most significant catalysts for MKR recently has been the evolution of MakerDAO into Sky Protocol. This strategic rebrand aims to modernize the platform’s identity and expand its financial offerings beyond DAI minting.
Key highlights:
- Introduction of staking rewards for SKY token holders (formerly MKR participants).
- Distribution of $1.6 million in USDS during the first week of staking.
- Over $568 million worth of tokens staked within days of launch.
- Renewed investor interest following technical upgrades and governance enhancements.
Although MKR remains the governance token for now, the transition signals a broader vision: building a scalable, user-friendly DeFi infrastructure capable of competing with traditional financial systems.
Technical Outlook: Is MKR Poised for a Rally?
Recent technical analysis suggests positive momentum building beneath the surface.
On June 3, 2025, MKR surged over 17%, sparking speculation about a potential breakout. More notably, it formed a "golden cross" pattern—a bullish signal where the 50-day moving average crosses above the 200-day moving average—historically associated with sustained upward trends.
Traders are now watching key resistance levels:
- Immediate resistance: $2,000
- Next major target: $2,300
A successful breach above $2,000 could trigger further institutional buying, especially if DeFi activity picks up in late 2025.
FAQ: Frequently Asked Questions About Maker (MKR)
What is Maker (MKR) used for?
MKR is the governance token of the Maker Protocol, allowing holders to vote on critical decisions such as risk parameters, collateral types, and system upgrades. It also plays a role in stabilizing the DAI stablecoin by absorbing surplus or debt from the system.
How does MKR differ from other DeFi tokens?
Unlike purely speculative tokens, MKR has intrinsic utility tied to protocol solvency. When the system runs a deficit, new MKR is minted and sold to cover debt; when it runs a surplus, MKR is burned—creating deflationary pressure.
Is MKR a good investment in 2025?
While past performance doesn’t guarantee future results, MKR’s foundational role in DeFi, combined with the Sky Protocol rebrand and growing staking adoption, presents compelling long-term potential. However, volatility and regulatory uncertainty remain risks.
Can MKR reach its all-time high again?
Reaching $6,292 would require a multi-bull cycle effort driven by widespread DeFi adoption, increased DAI usage globally, and successful execution of Sky Protocol’s roadmap. While challenging, it's not impossible in a high-growth crypto environment.
Where can I buy MKR safely?
MKR is available on major regulated exchanges that support DeFi tokens. Always verify exchange security features such as cold storage, insurance funds, and two-factor authentication before trading.
Will MKR be affected by Ethereum upgrades?
Yes—since Maker runs on Ethereum, improvements like scalability upgrades (e.g., EIP-4844) and lower transaction fees can enhance user experience and drive greater adoption of DAI and MKR-based services.
Final Thoughts: The Road Ahead for Maker
Maker (MKR) stands at a pivotal moment in its evolution. From anchoring the DAI stablecoin to pioneering decentralized governance models, its impact on DeFi is undeniable. Now, with the launch of Sky Protocol and renewed community engagement, MKR may be laying the groundwork for its next growth phase.
Investors should monitor:
- Staking adoption rates under Sky Protocol
- Governance participation levels
- Broader DeFi Total Value Locked (TVL) trends
- Regulatory developments affecting algorithmic stablecoins
With strong fundamentals and adaptive leadership, MKR continues to prove its staying power in a rapidly changing digital asset landscape.
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