The project with the deepest ties between the crypto community and U.S. debt is undoubtedly Maker. The long-term high interest rates on U.S. debt are beneficial to the RWA track, and MKR, as the leading project in the RWA field, has also performed well in recent data.
DAI supply has increased by $1 billion (+23%) since the beginning of August, bringing the total supply of $DAI to $5.4 billion.
Maker has recently dedicated a significant portion of its revenue to a DAI savings rate (5% APY) to increase $DAI supply.
The current supply of DAI brings Maker’s annualized revenue to $181 million, while the MKR price/revenue is only 7.2.
When the supply of DAI increases by 2 times, Maker’s income will increase by approximately 2 times. So MKR price is likely to be highly correlated with the growth of DAI.
Based on the current annualized revenue of US$181 million and net profit of US$60 million being directly used to repurchase tokens, the overall corresponding PE is 21 times, which is almost cheaper than the valuation of US growth stocks.
#MKR It was a pity yesterday that the lowest correction was 1400. It was just a few points short of giving us the opportunity to enter the fourth batch. However, the market is relatively weak at this stage. MKR has also begun to accumulate strength and wait during the last period of pulling the market. Therefore, there is no need to worry, just continue to wait for the right point to connect. As a long-term investment currency, we are still optimistic about the future growth.
If this batch is not connected, continue to wait for 1390 or lower. The range can be pulled to 1330 (Fibonacci 0.5) as the best callback support. Stable friends can save 1-2 batches of buying opportunities.
DAI supply has increased by $1 billion (+23%) since the beginning of August, bringing the total supply of $DAI to $5.4 billion.
Maker has recently dedicated a significant portion of its revenue to a DAI savings rate (5% APY) to increase $DAI supply.
The current supply of DAI brings Maker’s annualized revenue to $181 million, while the MKR price/revenue is only 7.2.
When the supply of DAI increases by 2 times, Maker’s income will increase by approximately 2 times. So MKR price is likely to be highly correlated with the growth of DAI.
Based on the current annualized revenue of US$181 million and net profit of US$60 million being directly used to repurchase tokens, the overall corresponding PE is 21 times, which is almost cheaper than the valuation of US growth stocks.
#MKR It was a pity yesterday that the lowest correction was 1400. It was just a few points short of giving us the opportunity to enter the fourth batch. However, the market is relatively weak at this stage. MKR has also begun to accumulate strength and wait during the last period of pulling the market. Therefore, there is no need to worry, just continue to wait for the right point to connect. As a long-term investment currency, we are still optimistic about the future growth.
If this batch is not connected, continue to wait for 1390 or lower. The range can be pulled to 1330 (Fibonacci 0.5) as the best callback support. Stable friends can save 1-2 batches of buying opportunities.
