MakerDAO, a decentralised finance (DeFi) protocol, is generating $240 million in revenue per year, yet faces organisational challenges which have left its native token MKR undervalued.

Founder Rune Christensen became disillusioned with the crypto industry after witnessing an oversaturation of Ponzi schemes and dog tokens.

Despite this, he firmly believes in the product offered by MakerDAO, which is underpinned by billions of dollars in U.S. Treasury bonds and other assets.

Despite its impressive annual revenue, MKR's price-to-earnings ratio is just 16, significantly below the Nasdaq average of 30, indicating that the token could be undervalued.