Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
The supply of DAI has surged 20% in the past three months, reaching 5.3 billion US dollars

The supply of DAI has surged 20% in the past three months, reaching 5.3 billion US dollars

Bitget2024/06/13 02:09

Data shows that the supply of stablecoin DAI has surged by 20% over the past three months, reaching $5.3 billion and once breaking through $5.5 billion. Its current market value is only second to USDT and USDC. The industry views MakerDAO's addition of RWA as collateral as the reason for the surge in DAI supply. Currently, MakerDAO supports depositing physical assets such as real estate and accounts receivable as collateral and receiving DAI loans. In addition, various attempts have been made, such as ensuring a stable source of income through asset diversification and improving loan-to-value ratio (LTV) through Spark Protocol. Meanwhile, MakerDAO announced its next-generation platform strategy "Endgame Project", which was approved by the MakerDAO community in October two years ago. According to this project, MakerDAO plans to release NewStable and NewGovToken.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!