Sky (MakerDAO) has reached a new high in payouts and revenue

December has been a triumphant month for MakerDAO, with decentralized finance (DeFi) analytics platform DeFillama setting new records in payouts and earnings.

According to the data, MakerDAO achieved a peak payment volume of $40.86 million, a key measure of user activity, and revenue of $26.77 million between December 1 and December 31.

Historic month for MakerDAO

In the year 2024 The crypto lending protocol has received almost $304 million in payouts and over $174 million in revenue since its inception. At that time, the highest amount for payments was in April, when the protocol received $32.62 million, while the market's best month was November, when it received $18.91 million.

However, the December numbers beat both figures with $8.24 million and $7.86 million, setting a new record for the platform.

Interestingly, MakerDAO saw its highest single-day performance on December 9, generating $1.67 million in fees and $1.18 million in revenue. These revenues were mainly generated by interest payments on loans made on the protocol's DAI stablecoin, reflecting the increasing demand for the lending service.

In August, the platform announced it would rebrand to Sky after two years of development aimed at adding new features and improving user interaction. It also introduced two new cryptocurrencies: USDS, a stablecoin that users can convert from their existing DAI holdings, and a new governance token called SKY.

USDS was launched on Solana as a DeFi-native stablecoin. The network has the second largest decentralized financial ecosystem after Ethereum, with about $8.5 billion locked up in its DeFi projects.

MKR market performance

Elsewhere, Maker native property MKR experienced an impressive December. According to data from CoinGecko, the token has lost 16.8% of its value in the last 30 days, with its worst performance coming in the last two weeks, which has seen it drop more than 21%.

In the last 24 hours, the price fluctuated between $1,488 and $1,547, finally settling at $1,522. The current price is 1.1% below yesterday's level and remains more than 75% above the May 2021 level. However, it still shows healthy market activity, with the last one-day trading volume of $113.1 million. Helping to maintain a high price with a market value of 1.37 billion dollars.