- Maker’s annualized revenue has hit an all-time high
- This, due to an increase in the activity around tokenized real-world assets on the protocol
MakerDAO’s [MKR] annualized revenue obtained from transaction fees has climbed to an all-time high of $213 million, according to data from Makerburn.com.
On a year-to-date basis, the stablecoin lender’s annualized revenue has risen by over 450% on the charts. For context, on 1 January, Maker’s revenue was less than $50 million.
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Maker earns revenue by charging users fees for borrowing its stablecoin DAI and collecting fees in the event of liquidating a borrowed position.
According to data from Token Terminal, the protocol has seen a 438% hike in monthly fees since the year began. So far this month, users have paid Maker a total of $14.2 million in transaction fees. With roughly nine days until the end of the month, this already represents a 35% jump from the $10.5 million in network fees for September.
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Author: Abiodun Oladokun
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