Maker

MKR

$1,819.35

-2.45%

Price data may be delayed. Prices and market caps are in US dollars. They were last updated on October 1, 2026, at 7:02 AM UTC.

What Maker is, how it works, and what to watch for.

What it is

Maker (MKR) is a cryptocurrency that operates on the Ethereum platform. It is categorized as a governance token associated with decentralized finance (DeFi), a store of value, a DAO (decentralized autonomous organization), and a lending/borrowing protocol. MKR is also associated with multiple blockchain ecosystems including Ethereum, Avalanche, Arbitrum, and Near Protocol, and has been part of investment portfolios from notable venture capital firms.

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Clear explanations of the subjects this article touches, with every term defined.

What is DeFi, and how does decentralized finance work?Decentralized finance explained: liquidity pools, yield farming, impermanent loss, DAOs and governance tokens, each with its own definition page.
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