1. Project Overview:
While BTC is digital gold and ETH is programmable money, DAI stands as a decentralized currency.
Trailing behind USDT and USDC in size, DAI is backed by MakerDAO (MKR), which quietly generates over $20M in monthly revenue.
With the upcoming 'End Game' upgrade and rising TradFi adoption, MKR could be one of the most undervalued blue chips in crypto.
(i) Report Summary:
Decentralized Dominance: As the 3rd largest stablecoin by market cap, MakerDAO operates without centralized control.
DeFi Profit Leader: MakerDAO drove nearly 40% of all DeFi profits on Ethereum in the last 6 months.
Consistent High Revenue: MakerDAO consistently generates monthly revenues exceeding $20 million.
High Growth Potential: Positioned to leverage the expected growth in the DeFi market from $20B in 2023 to $399B by 2031.
The Endgame Plan: MakerDAO's active subDAO holds $1.5B in TVL, paving the way to become crypto's super-app.