Maker (MKR) is a governance token for the MakerDAO decentralized finance (DeFi) protocol, built on the Ethereum blockchain. MakerDAO enables the creation of Dai (DAI), a stablecoin pegged to the US dollar.$MKR
*Key Features:*
1. Governance: MKR holders vote on protocol decisions.
2. Stability Fees: MKR holders earn fees from Dai stability.
3. Collateralized Debt Positions (CDPs): MKR ensures CDP stability.
4. Decentralized Autonomous Organization (DAO): Community-driven decision-making.
*Tokenomics:*
1. Total Supply: 1,005,060 MKR
2. Circulating Supply: approximately 900,000 MKR
3. Market Capitalization: around $600 million
*Current Stats:*
1. Price: around $630
2. 24-hour Trading Volume: $10 million
3. Ranking: #50