{"id":31778,"date":"2020-11-15T09:35:11","date_gmt":"2020-11-15T07:35:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31778"},"modified":"2025-08-28T05:23:21","modified_gmt":"2025-08-28T02:23:21","slug":"dai-market-capitalization-surpasses-1-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dai-market-capitalization-surpasses-1-billion\/","title":{"rendered":"DAI market capitalization surpasses $1 billion"},"content":{"rendered":"<p>The circulating supply of the DeFi-stablecoin DAI first surpassed 1 billion coins.<!--more--><\/p>\n<p>Maker Foundation founder Rune Christensen was the first to notice this.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The Maker Protocol just hit 1 billion Dai for the first time ever!<\/p>\n<p>Want to be a part of growing it to 10 billion and beyond?<\/p>\n<p>Take a look at the collateral onboarding guide: <a href=\"https:\/\/t.co\/dKsX7eMvjQ\">https:\/\/t.co\/dKsX7eMvjQ<\/a> And earn bounties by helping onboard your favourite ERC20 tokens. <a href=\"https:\/\/t.co\/FvlinZG7lp\">pic.twitter.com\/FvlinZG7lp<\/a><\/p>\n<p>\u2014 Rune Christensen (@RuneKek) <a href=\"https:\/\/twitter.com\/RuneKek\/status\/1327339693894234112?ref_src=twsrc%5Etfw\">November 13, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As of writing, this figure stood at 1,011,493,921.28 DAI, according to data from <a href=\"https:\/\/daistats.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">daistats<\/a>.<\/p>\n<p>DAI is the third-largest stablecoin by market capitalization after Tether and USD Coin. It is generated when users collateralise their assets in the MakerDAO protocol.<\/p>\n<p>Originally, DAI was backed exclusively by Ethereum (ETH). In November 2019, developers introduced a multi-collateral version of DAI, enabling the use of various crypto assets to back the stablecoin.<\/p>\n<p>In late July, the largest US 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 would accrue 2% per year.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The circulating supply of the DeFi stablecoin DAI first surpassed 1 billion coins.<\/p>\n","protected":false},"author":1,"featured_media":31779,"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-31778","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":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31778","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=31778"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31778\/revisions"}],"predecessor-version":[{"id":31780,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31778\/revisions\/31780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31779"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}