Home Cryptocurrency Multi-Collateral DAI's Market Cap Has Now Doubled To $106 Million USD With...

Multi-Collateral DAI’s Market Cap Has Now Doubled To $106 Million USD With The New Update

  • Multi-Collateral DAI is crypto working on the Ethereum’s Blockchain platform; DAI has listed in more than 55 cryptocurrency exchanges and platforms.
  • The number of DAI emerging from Ethereum is 105,866,502.61, accounting for 98% of the total DAI.

More than half of the total supply of DAI is accumulated in Savings account, earning the users around 8% of the revenue. Close to $50 Million is gaining the users more than 8% of the income.

Multi-Collateral DAI is crypto working on the Ethereum’s Blockchain platform; DAI has listed in more than 55 cryptocurrency exchanges and platforms.

The above occurred when Multi-Collateral DAI doubled in its Market Capitalization to $106 Million. Previously DAI had a limit of market capitalization at $100 Million, but with the new collaboration opportunities coming to DAI, the limit removed on the same note.

When the upgradation implemented, more than $50 Million of DAI moved while close to $25 million remained in the Single Collaterals SAI. There’s a sum of $133 Million tokenized DAI which means to say that around $33 Million was added recently to the amount.

The rough figures on the total number of DAI are 108,023,616.38 while the total number of SAI is 24,834,351.54, the total sum of DAI and SAI together is 132,857,967.92. The number of DAI emerging from Ethereum is 105,866,502.61, accounting for 98% of the total DAI.

The stability of ETH is roughly 8%, and the collateral ratio is at 361.12%. The official figure for the DAI savings rate is 7.75%. DAI has promoted from 2 Million of locked ETH with the value close to $400 Million, which pushes to say more than or equal to $300 Million of ETH has pulled out of circulation.

The figures are definitively lesser compared to the market caps of other cryptos which are in the statistics of Trillions. However, it has a market cap of more than 1% of that of Ethereum’s market Capitalization. The bears have held DAI at -1.23% at a value of $0.99, it is ranked #54 by CoinMarketCap.

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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