MakerDAO’s [MKR] annualized revenue obtained from transaction fees has climbed to an all-time high of $213 million, according to data...
MakerDAO’s annualized revenue obtained from network fees has rallied to an all-time high due to a surge in activity around real-world assets on the lending protocol.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., 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.
The surge in Maker’s revenue over the past few months is primarily due to the growth seen in its RWA vertical. The protocol lets its users deposit tokenized RWAs as collateral to mint DAI.created by data analyst Steakhouse, 67% of Maker’s fee revenue comes from its RWAs. As of 17 October, annualized revenue made from RWAs was $126 million, according to the dashboard.data, RWAs currently make up 42% of Maker’s entire total value locked of $7.82 billion.
Likewise, new demand assessed within a similar timeframe has appreciated by 56%. These have resulted in a 6% hike in MKR’s value over the past month.Abiodun is a full-time journalist working with AMBCrypto. He is also a lawyer with over 2 years of experience. With a keen interest in blockchain technology and its limitless possibilities, Abiodun spends his time understanding the technology, building projects, and educating people about it.
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