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{"id":5667,"date":"2023-09-28T14:02:24","date_gmt":"2023-09-28T14:02:24","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=5667"},"modified":"2023-09-28T14:02:26","modified_gmt":"2023-09-28T14:02:26","slug":"unraveling-the-secrets-behind-makerdaos-mkr-token-surge","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/unraveling-the-secrets-behind-makerdaos-mkr-token-surge\/","title":{"rendered":"Unraveling the Secrets Behind MakerDAO’s MKR Token Surge"},"content":{"rendered":"\nCrypto markets have largely remained stagnant since mid-March. However, MakerDAO’s MKR token tells a different story. Gaining an impressive 200% since the start of the year, it reached its zenith this week, marking its highest point since May 2022. In less than a month, MKR has surged by approximately 50%. So, what’s fueling this momentum?<\/p>\n\n\n\n
MakerDAO’s revenue has seen a significant uptick, positioning it as the top revenue-generating protocol in the DeFi ecosystem. With an annualized revenue of $193 million, these figures are primarily derived from interest paid by DAI stablecoin minters using on-chain collateral and real-world assets like U.S. Treasury bills. This revenue growth is further supported by an expanding DAI supply and favorable rates on U.S. T-bills. As the analyst points out, “Maker revenue hinges largely on the total market cap of DAI, as the collateral backing this stablecoin is what generates fees.” If the DAI supply persists in its growth trajectory, Maker’s revenue will likely follow suit, positively influencing its price.<\/p>\n\n\n\n