Maker

Million

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/maker-protocol-records-165-million-in-revenue/">Maker Protocol Records $165 Million in Revenue!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Decentralized finance (DeFi) lending platform Maker Protocol has experienced a surge in revenues, reaching a two-year high of $165 million. This milestone is attributed to the growing interest rates in the DeFi ecosystem and the demand for crypto-based lending services. MakerDAO’s stablecoin lending service closely monitors interest rates on its DAI stablecoin, with rates surging to over 20% in July. This created a healthy demand for the platform, leading to substantial revenue growth. Despite the crypto market’s volatility, Maker Protocol’s success highlights the potential of DeFi to revolutionize traditional finance.</p>

Maker Protocol Records $165 Million in Revenue!

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