Data: MakerDAO's revenue in the third quarter was approximately $4 million, a decrease of 86% compared to the previous quarter

According to ChainCatcher news, data from Cointelegraph citing Messari shows that the revenue of MakerDAO, the governing body of the Maker protocol, fell to just over $4 million in the third quarter of 2022, a decrease of 86% from the previous quarter.

A senior research analyst at Messari pointed out that fewer liquidations and weak loan demand are the reasons for the revenue decline. The two largest sources of income for MakerDAO, ETH and wBTC, performed poorly in the last quarter, with revenue from ETH-based assets dropping by 74% and revenue from wBTC assets declining by 66%. Additionally, MakerDAO's collateralization ratio has decreased from 1.9 in the same period last year to 1.1, although fees for the quarter remained high at $13.5 million, only down 16% from the previous quarter. (source link)