MakerDAO set a new record milestone in December.

MakerDAO achieved an important breakthrough in December, with fees and revenue on this decentralized finance (DeFi) platform reaching unprecedented levels. According to DeFi analysis platform DeFiLlama, MakerDAO set a new record, reflecting the growth of user activity and demand for its services.

Record-breaking performance in December

During the period from December 1st to December 31st, MakerDAO recorded a fee of 40.86 million US dollars and a revenue of 26.77 million US dollars, surpassing its previous monthly record. This growth highlights the appeal of the platform's lending services and the stability of the DAI stablecoin.

2024 has been the strongest year for MakerDAO since its inception, with a total expenditure of about $304 million and revenue exceeding $174 million. Previously, the highest expenditure was in April, reaching $32.62 million, while the highest revenue was in November, at $18.91 million. However, the performance in December exceeded these two records, with expenditures of $8.24 million and revenue of $7.86 million, setting a new platform benchmark.

On December 9th, MakerDAO reached a special milestone, setting a record for the highest daily revenue, collecting $1.67 million in fees and generating $1.18 million in revenue. This sharp increase is mainly due to the increase in interest payments on loans issued through the DAI stablecoin.

Brand Reshaping and Expansion

MakerDAO announced a major rebranding plan in August, launching a new identity, "Sky". The transformation took two years of development and was designed to enhance the platform's capabilities and improve the user experience. At the same time as the rebranding, MakerDAO launched two new cryptocurrencies:

USDS - Stablecoin, users can mint USDS by converting existing DAI holdings.

SKY – Governance token designed to strengthen the governance framework of the ecosystem.

USDS has also been launched on the Solana blockchain, expanding MakerDAO's influence in the DeFi space. Solana currently has a total locked value (TVL) of approximately 8.5 billion U.S. dollars in DeFi projects, making it the second largest decentralized financial ecosystem after Ethereum.