What is the total supply of Maker MKR?

MKR, the cryptocurrency associated with the Maker Protocol, boasts a significant circulating supply of 878,010 units. This figure represents the total number of MKR tokens that are currently in circulation and actively traded on various exchanges.

The maximum supply of MKR, on the other hand, is capped at 1.01 million tokens. This limitation on the total number of MKR that can ever exist serves as a key factor in maintaining the scarcity and potential value of the digital asset.

The Maker Protocol, underpinning the MKR token, is a decentralized lending and borrowing platform that utilizes smart contracts to facilitate the creation of a stablecoin known as Dai. Dai's value is pegged to the US dollar, offering users a low-volatility cryptocurrency option.

MKR holders play a crucial role in the Maker Protocol ecosystem by participating in governance decisions and helping to maintain the stability of the Dai stablecoin. They can vote on proposals that impact the protocol's future development and operation.

The demand for MKR is often influenced by factors such as the overall health of the decentralized finance (DeFi) industry, as well as the performance of the Dai stablecoin. As the adoption of DeFi and stablecoins continues to grow, MKR's value and circulation may also increase.