Cryptocurrency-backed loans constitute over 50% of MakerDAO's expected annual revenue, surpassing $122 million
According to the income chart of the MakerDAO protocol, DeFi-native loans have become the primary source of revenue for MakerDAO. Currently, cryptocurrency-backed loans represent over 50% of MakerDAO's anticipated annual revenue of $243 million, exceeding $122 million. This revenue is generated from loans associated with its DAI stablecoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Machi increases Ethereum long positions to $28.6 millions, with an entry price of $2,981.59
Nasdaq: Approval of its tokenized stock program by the SEC is now a top priority
Some meme and altcoins surge significantly, with Vulgar Penguin up 50.64% in 24 hours