According to Wu, the MakerDAO research released by Ryan Watkins, co-founder of Syncracy Capital, shows that in the past six months, MakerDAO has accounted for nearly 40% of DeFi profits on Ethereum. The secret of its success is DAI, which has a currency premium. Maker's annual revenue exceeds $400 million, surpassing all projects in the industry except Ethereum, Tron and Solana. However, Maker's price-to-earnings ratio has been suppressed, and the launch of 'Endgame' may reverse this situation. 'Endgame' may bring billions of dollars in fee opportunities and a $40 billion project valuation to Maker. Morpho Vault, launched through Spark, provides Ethena with a $1 billion credit line, and currently only uses 300 million DAI to bring Maker $70 million in annualized revenue. Maker's first subDAO Spark may be launched with a valuation of $2.5 billion to $5 billion, providing $500 million to $1 billion in incentives for DAI holders.
See original
MakerDAO accounts for nearly 40% of Ethereum’s DeFi profits in the past 6 months, with annual revenue exceeding $400 million
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0
