🎢 The crypto market has been flat since mid-March, but MakerDAO's MKR token has been up and down! What fun, MKR is up 200% since the start of the year, reaching its highest level since May 2022 this week. In fact, MKR is up around 50% in less than a month! What is driving this DeFi asset momentum?

📈 MakerDAO's revenue is soaring, making it the largest revenue-generating protocol in the DeFi ecosystem, with current annual revenue of $193 million! This figure comes from the interest paid by DAI stablecoin minters from on-chain collateral and real-world asset (RWA) collateral such as US treasuries.

🚀 If DAI supply continues to grow, Maker revenue will continue to increase, which will likely have a positive impact on the price. Additionally, the DAI Savings Rate (DSR) is increasing, which encourages users to hold DAI rather than interest-free stablecoins such as USDT and USDC. DSR is currently 5%, higher than other DeFi platforms.

💪 MakerDAO and DAI's long-term plans are solid, that's why it's currently beating the crypto market. What do you think? Will MKR continue to soar? Let's discuss in the comments column! 😄