Maker DAO - TOP DeFi Project! Best Crypto To Buy 2023! Maker News | Huge Potential!
00:00 Introduction
02:00 Maker (MKR) price
02:35 NEWS
07:13 Maker (MKR) Price Prediction
07:45 My thoughts
In the past 2 weeks, the Maker token has captured significant attention in the crypto market, surging an impressive 25%.
This remarkable price action coincides with the introduction of a groundbreaking token buyback program by the leading (DeFi) lending platform, MakerDAO.
As the DeFi ecosystem continues to expand, Maker (MKR) stands out as one of the largest and oldest DeFi lending protocols, infact Maker ranks no 3 in terms of total value locked in. Lido being No1 and AAve no 2. Maker is mainly known for its issuance of the widely used DAI stablecoin with a market value of $4.6 billion.
But MAker has been diversifying its revenue stream and it has paid off nearly 80% of the fee revenue for MakerDAO, was generated from real-world assets over the past year.
MakerDAO’s RWA exposure drove 79% of fee revenue, or $13.5M for the protocol’s treasury, over the past 12 months, That’s 39% of Maker’s lifetime stability fees.
RWAs are on-chain versions of assets that exist in the physical world or in traditional finance, and can include anything from real estate, to bonds and invoices.
CoinMarketCap DATA
The live MKR price today is $1,155. The current CoinMarketCap ranking is #41 with a live market cap. More then $1.1 billion. Trading at 81% below its all time high which was recorded on May 03, 2021. Which could generate 440.% return on investment if it hits its previous ATH
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