This fall, the profit of MakerDAO fell in total by 86%. Analysts at the Messari startup company, as a reason, note a drop in demand for lending services and several large market liquidations. Since the beginning of September, MakerDao's income has decreased by more than 6 times - from $ 30 million to $ 4 million. This is the first serious collapse since 2020.
It is worth noting that earlier MakerDao was in first place among the Defi Protokols of the Ethereum ecosystem in terms of blocked liquidity.
An analyst under the pseudonym Johnny_TVL noted the growth of the volume of the Gelato Uniswap (G-UNI) token volume, which is integrated into MakerDao. However, this has a minimal impact on the income of the protocol.
It is also noted that the dependence of MakerDao on borrowing from whales and institutional investors has increased recently.
The expert noted that the protocol began to work with the issuance of loans to various financial organizations. $ 100 million went in the form of a loan to Huntingdon Valley Bank. After that, the share of income in the protocol increased to 12%.
Johnny_TVL also noted MakerDao on the transfer of reserves in the amount of $ 500 million to short -term Treasury bonds of the United States.
