Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»MakerDAO: DAI supply recovers after brief decline in December
ALTCOIN NEWS

MakerDAO: DAI supply recovers after brief decline in December

By Crypto FlexsJanuary 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MakerDAO: DAI supply recovers after brief decline in December
Share
Facebook Twitter LinkedIn Pinterest Email

  • DAI supply has steadily increased since the beginning of the year.
  • MakerDAO saw a decline in fees and revenue in December.

The supply of MakerDAO’s (MKR) stablecoin DAI hit a four-month low on December 31, 2023, before making a surprising rebound in the first week of 2024. Maker Bun showed it

The supply of DAI was found to have plummeted to a low of 5.22 billion DAI on December 31, 2023. The last time it fell to that low was in September.

This decline is due to a sideways movement in the price of Ethereum (ETH) as 2023 draws to a close due to expectations of the approval of a spot ETF at the time.

The decrease in DAI supply was caused by the Collateralized Debt Position (CDP) model of DeFi protocols. MakerDAO CDP allows users to generate DAI using cryptocurrencies such as ETH as collateral. Users deposit cryptocurrency assets as collateral and receive DAI in return.

The MakerDAO CDP model maintains the value of the DAI stablecoin at $1 through interest rate incentives. An automated system will raise or lower the interest rate to encourage DAI creation or burning.

This mechanism effectively manages DAI supply reduction due to cryptocurrency price declines, keeping it close to the target price.

Anticipation of the recent ETF approval has increased the supply of DAI during a year that has seen the value of ETH rise so far. At $5.29 billion at press time, DAI’s supply is up nearly 2% from its December 31 low.

Source: MakerBurn

User activity soared, but fees and revenue fell.

Despite a decrease in DAI supply in December, MakerDAO saw an increase in user activity.

Source of data token terminal The protocol recorded 2,775 monthly users over 31 days, a 55% increase over the 1,837 monthly users recorded in November.

However, despite the surge in user numbers, fees totaled $15 million, down 48% from $28 million last November. Likewise, protocol revenue also fell 48% over the same period, AMBCrypto found.

Source: Token Terminal


Realistic or not, the market cap of MKR in BTC terms is:


Among these, MakerDAO recorded a 3.24% gain in total value locked (TVL).

According to data from DefiLlama, the protocol’s TVL was $8.83 billion at press time, making it the second-largest DeFi protocol in terms of TVL, with TVL ranking behind Lido Finance (LDO) at $24.33 billion.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025
Add A Comment

Comments are closed.

Recent Posts

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 2025

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025

ETH And BTC Holders Are Flocking To OAK Mining For Stable Profits Of $8,600 Daily

October 16, 2025

Will Solana price fall to $170 once it gets close to the important support level?

October 16, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Chinese woman pleads guilty ahead of trial in $7 billion British Bitcoin fraud case

October 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025
Most Popular

Huge symbols await in God of Wealth and Win Slots

January 22, 2024

Gelato And Morpho Partner To Offer Embedded Crypto-Backed Loans For Wallets, Brokers, And Fintech Apps

June 25, 2025

Online payments giant PayPal now supports cross-border stablecoin fund transfers for US customers

April 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.