{"id":27069,"date":"2020-08-10T14:04:32","date_gmt":"2020-08-10T11:04:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27069"},"modified":"2025-08-26T18:35:37","modified_gmt":"2025-08-26T15:35:37","slug":"dai-market-capitalization-surpasses-400-million-for-the-first-time","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dai-market-capitalization-surpasses-400-million-for-the-first-time\/","title":{"rendered":"DAI market capitalization surpasses $400 million for the first time"},"content":{"rendered":"<p>The circulating supply of the DeFi-stablecoin DAI exceeded 400 million coins. In the last 24 hours, the issuer minted 17 million tokens.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Vault #10931 (WBTC-A) was used to generate DAI:<br \/>\n\ufe0f\ufe0f\ud83d\udda8\ufe0f 4,000,000 DAI minted<br \/>\n\ud83d\udcc9 Liquidation price: $10,786.36<br \/>\n\ud83d\udcb3 Vault debt: 32,430,450 DAI \ud83d\udc0b<br \/>\n\ud83c\udfe6 Total DAI Supply: 407.665M DAI<a href=\"https:\/\/t.co\/3MwSrn9vpR\">https:\/\/t.co\/3MwSrn9vpR<\/a><\/p>\n<p>\u2014 Maker DAI Bot (@MakerDaiBot) <a href=\"https:\/\/twitter.com\/MakerDaiBot\/status\/1292710059739435008?ref_src=twsrc%5Etfw\">August 10, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The total value of DAI locked in the Compound protocol surpassed $1.2 billion. Over the day this metric rose by 7.9%. Of this, $973 million is attributed to loans.<\/p>\n<p>As of writing, the rate for borrowers is 4.08%, and for liquidity providers 3.08%.<\/p>\n<p>The total value locked in DeFi once again hit a record\u2014reaching $4.74 billion. Since the start of August, this figure has risen by $700 million.<\/p>\n<div id=\"attachment_106987\" style=\"width: 1083px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-106987\" class=\"wp-image-106987 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/screenshot-defipulse.com-2020.08.10-13_58_11.png\" alt=\"\u041a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u044f \u0441\u0442\u0435\u0439\u0431\u043b\u043a\u043e\u0438\u043d\u0430 DAI \u0432\u043f\u0435\u0440\u0432\u044b\u0435 \u043f\u0440\u0435\u0432\u044b\u0441\u0438\u043b\u0430 $400 \u043c\u043b\u043d\" width=\"1073\" height=\"372\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/screenshot-defipulse.com-2020.08.10-13_58_11.png 1073w, https:\/\/u1f987.com\/wp-content\/uploads\/screenshot-defipulse.com-2020.08.10-13_58_11-300x104.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/screenshot-defipulse.com-2020.08.10-13_58_11-1024x355.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/screenshot-defipulse.com-2020.08.10-13_58_11-768x266.png 768w\" sizes=\"auto, (max-width: 1073px) 100vw, 1073px\" \/><\/p>\n<p id=\"caption-attachment-106987\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/defipulse.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">DefiPulse<\/a><\/p>\n<\/div>\n<p>MakerDAO remains in the lead with a market share above 30%. The gap to second-placed Compound has approached $600 million.<\/p>\n<p>In late July, the largest U.S. cryptocurrency exchange Coinbase <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-offers-2-apy-on-dai-deposits\">announced<\/a> that deposits of users in DAI will accrue 2% per year. The service is available to residents of a limited number of countries.<\/p>\n<p>In early July, the amount of DAI tokens locked in Compound exceeded the total supply of the stablecoin by more than three times. At the moment the gap remains at the same level. Experts compare this to partial reserve backing in traditional banks.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The circulating supply of the DeFi-stablecoin DAI exceeded 400 million coins. In the last 24 hours, the issuer minted 17 million tokens.<\/p>\n","protected":false},"author":1,"featured_media":27070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1099,1093,1100,1145,807],"class_list":["post-27069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dai","tag-defi","tag-makerdao","tag-market-analysis","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27069"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27069\/revisions"}],"predecessor-version":[{"id":27071,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27069\/revisions\/27071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27070"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}