MakerDAO dominated the DeFi space in terms of market cap. At press time it was number one in comparison to other protocols. Despite that it is couldn’t a. to generate profitable quarter in terms of income.

Here are AMBCryptos Price prediction for MakerDAO for 2022-2023

According to messari, a crypto analytics company, MakerDAO witnessed its first negative quarter since 2020.

One of the reasons for the drop in sales can be attributed to the depreciation of the Total Value Locked (TVL) in terms of Ethereum loans.

As can be seen from the chart below, the TVL has fallen in value by more than 6% in the last quarter. One of the reasons for the decline in MakerDAO’s revenues could be DAI offerings, which remained stable over the past quarter.

Source: Messari

The drop in revenue factor can also be attributed to MakerDAO’s overexposure to: Bitcoin and Ethereum.

Most of MakerDAO’s revenue is generated by Ethereum or Bitcoin based assets. As both assets underperformed last quarter, this also impacted MakerDAO.

Source: Messari

It should be noted that MakerDAO’s stablecoin DAI showed tremendous growth

No time for DAI

The volume of DAI increased by 149% in the past quarter. In fact, DAI took a huge share of USDT in terms of on-chain volume. This signifies the continued growth of DAI.

Source: MessariTourhere was a decrease in MakerDAO network growth, indicating that the number of new addresses that a given MakerDAO token transferred for the first time has decreased.

Additionally, there was a slight drop in speed for MakerDAO over the past week, followed by an increase seen in the past few days. An increase in speed indicates that the frequency with which the tokens change addresses has increased.

Source: Santiment

This post MakerDAO’s earnings stats can help you decide if you should invest in MKR

was published first on


Write A Comment