Evaluation of the Stablecoin Dai market increases-DAI market capitalization rose by more than 800% in 12 months

in 12 months

recently dealt with Bitcoin.com News with the StableCoin-Tther and how the market assessment of the crypto asset has increased by more than 1,500% in just more than 500 days. In addition to this exponential increase, the market capitalization of the decentralized stable coin Dai has increased significantly, since the market assessment of DAI has risen by more than 800% in the past 12 months and has increased from $ 696 million to $ 6.3 billion today.

The Makerdao stablecoin has increased by 800%

On Saturday, September 18, 2021, there are stable coins worth around $ 127.29 billion and they currently have $ 62 billion in today's trading volume. There is no doubt that stable coins have become huge in the past three years, and news agencies and research studies often refer to it tethers (usdt) massive growth .

The thing with the tether ( usdt ) is that there are people when it comes to the operation of the stable coin project. The stablecoin dai, on the other hand, is operated to Makerdao-project This is a decentralized autonomous organization (DAO). Of course, people stand behind the embossing of Dai Stablecoins, but it is based on the fact that the participants enhance and oversee the service.

On the Makerdao website, it is said that DAI contributes “without volatility” to financial freedom by offering a “price-stable currency that you control”. The website says that user Read the white paper to understand how it works and to generate DAI on your own conditions.

In the past 12 months, the entire DAI offer has increased greatly and has increased by 808.90 % since September 18, 2020. At that time, the DAI market capitalization was only $ 696 million, today it is over $ 6.3 billion.

Coingeckos Stablecoins according to market capitalization Statistics show that dai is today the fourth largest stable coin according to market capital. Dai is behind Tether ($ 69.5 billion), USDC ($ 29.4 billion) and Busd ($ 12.8 billion). The circulating offer from Busd is just more than half of the overall offer of DAI.

monthly statistics show that market capitalization for decentralized stablecoin has increased by over 10 %

On Saturday, Dai has previously recorded around $ 279 million of global 24-hour swaps and that today use more than 400 decentralized applications (DAPPS) and centralized exchanges. DAI is often used in decentralized finance (Defi) via liquidity pools, swaps and cryptographic credit apps.

dai and the Makerdao protocol are not inappropriate in April 2019 was struggling to keep his 1 dollar connection . Dai-token itself are very dependent on excess collateral, and if the price of Ether suddenly crashes, the DAI owners could remain insecure at the time at the time.

however according to A incident with the black swan on March 12, 2020, also known as "black Thursday". Coins as collateral next to ether to compensate for the risk. Unfortunately for the users who wanted compensation for their underground investments, a ruling voice decided not to reimburse these users.

This decision ultimately led to a collective action against the makers of the maker dao-projekt. In the meantime, the Makerdao community has developed further and the DAI stable continues to be growing of the output. In the past 30 days, the DAI StableCoin has increased its valuation by 10.3%.

What do you think that the Dai Stable Cooin has increased by more than 800% in one year? Let us know your opinion on this project in the comments below.

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