On-Chain crypto analytics insight: DAI stablecoin ecosystem

What are Stablecoins?

  • Similar to the fiat currencies used in model economies, stablecoins provide stability in price for people transacting across digital currencies or between fiat and digital currencies.
  • Stablecoins are native crypto tokens that can be transacted on-chain in a decentralized manner without involvement of any central agency.

What is DAI

Algorithmic stablecoins

image provided by cointelegraph

Collateralized stablecoins: on chain

Supply and demand in the DAI stablecoin system

Collateralized stablecoins: off-chain

Stablecoin outlook

DAI Exchange Reserve ( All Exchanges )

image provided by CryptoQuant

DAI Exchange Netflow ( Total All Exchanges )

image provided by CryptoQuant

DAI: Tokens Transferred (Total)

image provided by CryptoQuant

DAI: Minted Supply

Image provided by CryptoQuant

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DigiEx by Shondy Sainthea

I'm Shondy Sainthea and I welcome anyone to come learn with me about Blockchain,Digital assets and technology.(educational purposes only)