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As MakerDAO tops in revenue, is MKR now undervalued?

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MakerDAO outpaced other networks in revenue generation by a substantial margin. How will MKR be impacted by this in the future?

The crypto sector’s recent rally has caught the attention of many investors who are mainly looking for blue chip cryptocurrencies and meme coins.According to recent data, the revenue generated by the MakerDAO network was greater than most Layer-1 and Layer-2 networks. This bodes well for MakerDAO on many fronts.

DAI has been the stablecoin of choice for many holders who want to capitalize on the current bullish sentiment in the market.In response to the large demand for DAI due to market conditions, an Accelerated Proposal was introduced for an Executive Vote to prepare for potential excessive demand for DAI caused by bullish sentiment.

The proposed changes include adjusting stability fees for various collateral assets, increasing SparkLend DAI Borrow Rate, making PSM adjustments, raising the Dai Savings Rate, and reducing the GSM Pause Delay. Additionally, adjustments to the Peg Stability Module and Dai Savings Rate aim to enhance the efficiency of managing DAI’s availability and incentivize users to hold the stablecoin.

 

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