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MakerDAO revenue tumbles 86% on Ether and Wrapped BTC woes By Cointelegraph



MakerDAO revenue tumbles 86% on Ether and Wrapped BTC woes

MakerDAO, the governing body of the Maker Protocol, has seen its revenue plummet in the third quarter of 2022, caused by a fall in loan demand and few liquidations, while expenses have remained high.

According to an Oct. 13 tweet by Johnny_TVL, a Messari analyst and co-author of “The State of Maker Q3 2022,” the decentralized autonomous organization (DAO) saw its revenue plunge to just over $4 million in Q3, down 86% from the previous quarter.

MakerDAO value statement as of September 30, 2022. Source: Messari
Maker quarterly revenues by collateral token. Source: Messari