MakerDAO saw a notable increase in its market capitalization and revenue in the last few months. Will MKR see growth?
According to recent data, MKR’s market cap is up five times in terms of year-on-year growth, while monthly revenues are up 10 times in terms of year-on-year growth.MakerDAO’s dominance in the DeFi sector is a significant factor contributing to this trend. Maker, currently, accounts for nearly 40% of all DeFi profits on
In fact, Maker’s financial prowess is so substantial that it generates more fees than many Layer 1 and Layer 2 solutions.Historically, Maker has been criticized for its conservative approach. However, its ongoing Endgame rollout aims to change this perception by transforming Maker into a more scalable ecosystem of modular protocols.
This presents a multi-billion dollar fee opportunity, positioning Maker to capture a significant portion of DeFi profits.
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