MakerDAO Reports a 42% Drop in Revenues In 2022
Key Points:MakerDAO reduces fees as stablecoin demand drops; MakerDAO income falls 42% by 2022
Steakhouse reports that Maker’s primary product stablecoin DAI is now circulating at 5 billion DAI as of 2022. This is 43% less than the 9 billion DAI for the same period last year.
MakerDAO’s revenue dropped dramatically in 2022. The study shows that MarkerDAO’s overall income decreased by 42%, from 112 million DAI ($112million) in 2021, to 65 million DAI (2022). This results in a net loss of 80% for the protocol, which is now 19. million DAI. In 2021, it will be 90 million DAI. The project’s running costs are increasing rapidly, reaching 46 million DAI in 2022. This is more than twice the amount of the previous year. Steakhouse estimates that the MakerDAO primary product stablecoin DAI has a circulating supply of 5 billion DAI at the end of 2022. This is 43% less than the 9 billion DAI for the same period last years. MakerDAO revenue has declined since the crypto crash in 2022. The market is currently in a severe bearish cycle due to the collapse of Terra ecosystem and FTX exchange – which are factors that have caused a severe bear market. This happened during a global financial slump, which had an impact on both DeFi loan markets and CeFi. Maker’s real world asset balance had risen to 640 million DAI by the end of 2022. Maker’s real-world assets had grown to 640 million DAI by the end of 2022. This is 37 times more than the 2021 end. Another proposal was to keep the Gemini USD stablecoin (GUSD), as a DAI reserve asset despite the exchange’s turmoil. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuChubbiCoincu NewsTags: cryptoMaker TreasuryMakerDAOmarketprice