Ethereum poster child MakerDAO’s annual revenue breaks above $200 million

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The total projected annual revenue of lending platform MakerDAO, Ethereum’s decentralized finance (DeFi) “poster child,” has exceeded $200 million over the past weekend, according to analytics website MarketBurn.
“It’s a testament of efficiency and expansion of Maker protocol,” said Growth at MakerDAO lead Doo Wan Nam to CryptoSlate in the regard.
MakerDAO is a decentralized autonomous organization based on the Ethereum blockchain. Being primarily a DeFi lending platform, it allows users to borrow and lend cryptocurrencies to each other as well as swap tokens and trade derivatives—all without any third-party intermediaries such as banks.
And yesterday saw it reach the $200 million annual income milestone.

Congrats @MakerDAO on reaching $200 million annual income! pic.twitter.com/03UcMyitXb
— banteg (@bantg) May 16, 2021

It’s worth pointing out that this is an estimated figure based on the platform’s current performance. Still, it demonstrates an enormous growth Ma

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Źródło: https://cryptoslate.com/ethereum-poster-child-makerdaos-annual-revenue-breaks-above-200-million/

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