2021-5-10 18:13 |
Stablecoins have been ruling the crypto world since last year.
The total stablecoin supply is ready to hit $90 billion, up from $28 billion at the beginning of this year and $5.87 billion in January 2020.
Tether (USDT) remains the dominant stablecoin at over $56 billion market cap, followed by USDC at $16 billion, BUSD at $8 billion, and DAI at about $4.7 billion.
DAI is a fully collateralized stablecoin native to Maker's decentralized autonomous organization (DAO), whose supply has gone vertical this year, adding almost 4.5 billion to its supply after starting the year around a $1.1 billion market cap.
The surge in DAI supply first started in July 2020, around the time the DeFi mania took flight when it was just at $130 million. Now, in less than a fortnight, DAI has minted $1 billion.
Interestingly, Maker is earning 4% APY on every dollar of DAI in circulation right now.
Maker, the original DeFi protocol itself, is one of the most profitable decentralized finance projects whose revenue is increasing on a constant basis.
At the beginning of the year, Maker was earning just over $52k per day, and by the end of the same month, it had hit the $100k mark, which after constant increments is now earning almost $463k in revenue daily.
Maker (MKR) has been earning $400k in revenue per day since April 28th.
This has the monthly revenue of Maker hitting $10.45 million in April, up from $2.55 million in January, an increase of 310% YTD. Already, so far in May, the project has generated $3.55 million in revenue.
Popular DEX Uniswap (UNI) is leading with its $113 million revenue, followed by Compound (COMP) by $46 million last month. Both Sushiswap (SUSHI) and Aave (AAVE) also made it to the top DeFi earners list with $35 million and $24 million respectively.
The post 1.5 Billion New DAI Minted in The Past Month, Maker Now Earning 0k per day in Revenue first appeared on BitcoinExchangeGuide. origin »New Year Bull (NYB) на Currencies.ru
|
