MKR Dominates as Top Transaction Token with $2K Prices

MakerDAO's MKR has clinched the lead in transaction volume among tokens powering real-world asset protocols, hitting $2,000 in prices, as per IntotheBlock data.

Daily Surge: MKR Hits $94.5M Transaction Volume

During the second week of January, MKR maintained an upward trend, recording an impressive daily average transaction volume of $94.5 million.

RWA Snapshot: 26% of MakerDAO's $8.4B Total Value Locked

DefiLlama data reveals that Real-World Assets (RWAs) constitute 26% of MakerDAO's Total Value Locked (TVL), amounting to $2.2 billion as of now.

Declining Inflows: MakerDAO's RWA TVL Drops by 33%

Despite leading in RWA TVL, MakerDAO witnessed a significant 33% decline since October 28, 2023. The drop is attributed to reduced USD inflows, with monthly outflows totaling $871 million.

Investor Exodus: $244 Million Withdrawn in a Month

In the past month alone, investors withdrew $244 million from Maker's RWA vertical, contributing to the overall decline in capital inflow.

Revenue Shift: Maker's Fee Income Shifts from RWAs to T-Bill Products

The fall in RWA capital inflow impacted MakerDAO's fee revenue, with over 65% originating from RWAs at the start of October. However, revenue from tokenized T-Bill products surged as RWAs faced reduced USD inflows.

New Revenue Mix: T-Bill Products Contribute 51.3% to Maker's Income

At present, Maker's revenue mix shows a shift, with tokenized T-Bill products accounting for 51.3%, while RWAs contribute a modest 6.1%.

MKR Market Status: Trading at $2,031

CoinMarketCap reports MKR's current value at $2,031. Despite a positive weighted sentiment throughout the year, with RSI and MFI at 73.39 and 80.16, respectively, Chaikin Money Flow (CMF) at 0.05 indicates strong buying activity.