The year 2022 turned out to be not at all in favor of MakerDAO. It painted quite a solemn picture for the second-in-line DeFi protocol. It happened to have witnessed a full 79% downfall in terms of operating earnings. Even its top-rung revenues saw a downward slide to the extent of 42%. However, despite all of that and the fact that the crypto’s dismal happening that took place in the same year, it somehow was able to rise to the occasion and make some additional profits for itself. The factor also helped that the entity had adopted real-time assets, which pushed things upwards.

According to relevant information received from reliable sources, MaherDAO happened to have clamped $19 million as profit, out of a total revenue earning of $62 million, for the year 2022, which indeed happens to be praiseworthy. Even though the amount may not really seem much, as compared to it making $90 million in the year 2021, the fact that it was up against the crypto downfall seems to speak volumes about its sheer tenacity. However, on the whole, MakerDAO’s financial standing took a beating also due to a fall in lending demand in terms of crypto collateral. Despite all of the negative factors involved, the entity happened to have risen from the situation undamaged. 

(By David Cox)