MakerDAO’s third-quarter report released by Messari shows that MakerDAO’s revenue plummeted 86% to $4 million from $30 million in the second quarter due to reduced demand for loans and stablecoins. Despite lower liquidations this quarter, increased liquidity on Uniswap V3 and discussions of a de-peg from the USD saw trading volumes increase by 149% quarter-over-quarter. Additionally, MakerDAO is finding new revenue streams by turning to real-world assets, which this quarter included the launch of the HVB vault and the use of $500 million in DAI to purchase U.S. Treasury and corporate bonds.