DAI, a well-known stablecoin, has generated much attention recently. Notable updates include
MakerDAO, the project behind DAI, rebranding as Sky and launching a new stablecoin referred to as USDS. This news coincides with several service providers planning to delist DAI and other stablecoins to meet the MiCA regulations. DAI, however, has maintained its growth, reaching a transaction volume of $240B in a week and surpassing a $5B market cap attributed to its higher yield, thus lifting Spark Protocol. Notably, a considerable transaction was executed selling 723.67 billion PEPE for 4.63 million DAI, which demonstrated its practical usage. Other prominent headlines involved the Ethereum Foundation selling 100 ETH for DAI in anticipation of a significant upgrade, and the exchange of a massive 334k DAI for ETH. On the downside, the
Ethena’s USDe has overtaken DAI, becoming the third-largest stablecoin. This suggests intensifying competition in the stablecoin market. Amidst these, DAI is still considered one of the best altcoins to invest in by various sources. In response to these updates, the MakerDAO founder has hinted at launching 'PureDai', a fully decentralized stablecoin that could effectively replace DAI.
DAI Coin News Analytics from Thu, 28 Dec 2017 03:05:08 GMT to Wed, 09 Apr 2025 13:41:15 GMT -
Rating 3
- Innovation -8
- Information 7
- Rumor -4
