Convert and Swap Maker MKR to United States Dollar USD
MKR/USD: 1 Maker equals $1,672.51 USD
Last update: 1:13 PM, September 28, 2024
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Maker is climbing this week.
The current price of Maker is $1,672.51 per MKR. With a circulating supply of 880,772.114 MKR, it means that Maker has a total market cap of $1,479,889,510.43. The amount of Maker traded has fallen by $9,108,809.25 in the last 24 hours, which is a 10.79% decrease. Additionally, in the last day, $84,400,207.69 worth of MKR has been traded.
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About Maker
Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
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How Maker and United States Dollar differ
Maker (MKR) and the US Dollar (USD) are both mediums of exchange, but they operate in fundamentally different ways. Maker is a governance token associated with the MakerDAO and Maker Protocol, both of which are built on the Ethereum blockchain. It allows its holders to participate in the governance of DAI, a decentralized cryptocurrency pegged to the USD. The value of MKR tokens is expected to appreciate in line with the success of DAI. On the other hand, the USD is a centralized currency issued by the Federal Reserve. It's value is determined by various factors such as inflation, interest rates, and the economic health of the US. Unlike MKR, the USD does not grant its holders any voting rights or governance capabilities. Furthermore, while the USD is widely accepted for goods and services, MKR's primary use case is to participate in the governance of DAI, influencing the future development of the Maker Protocol. This ability to participate in the management of one of the largest stablecoins on the market is what drives the demand for MKR tokens.
Frequently asked questions
How much is 1 Maker in USD?
Right now, 1 Maker is worth about $1,672.51.
How much MKR could I buy for 1 USD?
Based on the current rate, you could get 0.000598 MKR for 1 USD.
How much has the price of Maker changed?
Maker price has been on the rise. Since yesterday, the exchange rate of Maker has increased. Since last month, the exchange rate of Maker has decreased. Since this time last year, the price of Maker has increased.
How do I calculate or convert MKR to USD?
You can use our MKR to USD calculator at the top of this page to convert any amount of MKR to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.003 MKR. Inversely, 5 MKR will cost about 8,362.55 USD.
How can I buy 1 Maker on Coinbase?
Maker is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Maker.
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MKR to United States Dollar conversion tables
The exchange rate of Maker is increasing.
The current value of 1 MKR is $1,672.51 USD. In other words, to buy 5 Maker, it would cost you $8,362.55 USD. Inversely, $1.00 USD would allow you to trade for 0.000598 MKR while $50.00 USD would convert to 0.029895 MKR, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 10.3%. Meanwhile, in the last 24 hours, the rate has changed by 2.01%, which means that the the highest exchange rate of 1 MKR to United States Dollar was $1,721.70 USD and the lowest 24 hour value was 1 MKR for $1,627.27 USD. This time last month, the value of 1 MKR was $1,875.44 USD, which is a 9.54% increase from where it is now. Looking back a year, Maker has changed by $1,512.62 USD.
MKR to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$1,642.60 USD | 2.01% | $1,530.33 USD | 10.30% | $1,875.44 USD | -9.54% | $1,512.62 USD | 12.69% |
MKR to USD
Amount | Today at 1:13 pm |
|---|---|
0.5 MKR | $836.26 |
1 MKR | $1,672.51 |
5 MKR | $8,362.55 |
10 MKR | $16,725.10 |
50 MKR | $83,625.50 |
100 MKR | $167,251.00 |
500 MKR | $836,255.00 |
1,000 MKR | $1,672,510.00 |
USD to MKR
Amount | Today at 1:13 pm |
|---|---|
0.5 USD | 0.000299 MKR |
1 USD | 0.000598 MKR |
5 USD | 0.0030 MKR |
10 USD | 0.0060 MKR |
50 USD | 0.0299 MKR |
100 USD | 0.0598 MKR |
500 USD | 0.30 MKR |
1,000 USD | 0.60 MKR |
Today vs. 24 hours ago
Amount | Today at 1:13 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 MKR | $836.26 | $821.01 | +1.86% |
1 MKR | $1,672.51 | $1,642.02 | +1.86% |
5 MKR | $8,362.55 | $8,210.08 | +1.86% |
10 MKR | $16,725.10 | $16,420.16 | +1.86% |
50 MKR | $83,625.50 | $82,100.79 | +1.86% |
100 MKR | $167,251.00 | $164,201.58 | +1.86% |
500 MKR | $836,255.00 | $821,007.88 | +1.86% |
1,000 MKR | $1,672,510.00 | $1,642,015.76 | +1.86% |
Today vs. 1 month ago
Amount | Today at 1:13 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 MKR | $836.26 | $937.39 | -10.79% |
1 MKR | $1,672.51 | $1,874.78 | -10.79% |
5 MKR | $8,362.55 | $9,373.89 | -10.79% |
10 MKR | $16,725.10 | $18,747.79 | -10.79% |
50 MKR | $83,625.50 | $93,738.93 | -10.79% |
100 MKR | $167,251.00 | $187,477.86 | -10.79% |
500 MKR | $836,255.00 | $937,389.32 | -10.79% |
1,000 MKR | $1,672,510.00 | $1,874,778.65 | -10.79% |
Today vs. 1 year ago
Amount | Today at 1:13 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 MKR | $836.26 | $756.04 | +10.61% |
1 MKR | $1,672.51 | $1,512.09 | +10.61% |
5 MKR | $8,362.55 | $7,560.43 | +10.61% |
10 MKR | $16,725.10 | $15,120.87 | +10.61% |
50 MKR | $83,625.50 | $75,604.33 | +10.61% |
100 MKR | $167,251.00 | $151,208.66 | +10.61% |
500 MKR | $836,255.00 | $756,043.30 | +10.61% |
1,000 MKR | $1,672,510.00 | $1,512,086.59 | +10.61% |
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