MakerDAO’s decentralized stablecoin DAI rises to top rank among decentralized stablecoins by market capitalization following the collapse of rival TerraUSD (UST)
past December Terra-based algorithmic stablecoin, which took the lead among the most valuable decentralized stablecoins in terms of market capitalization. TOPlost to DAIafter the collapse of the Terra network as a result of UST becoming depeg Re-ranking decentralized stablecoins settled down.
DAI among all stablecoins as of now USDT, USDC and BUSDafter fourth place exists.
central stablecoins USDT, USDC and BUSD market Top 10 cryptocurrencies by value between DAI if he has $6.27 billionwith market value 17th place is located.
In the last 24 hours $199 millionwith a trade volume DAI, Kraken most actively FTX, Okex, Bittrex and Crypto.com traded on the stock exchanges.
DAICo-founder of Maker, the producer and developer company of Rune Christensenhis rivals in a post he made in January Terra USD (UST) and Magic Internet Money (MIM) about that they will be reset in the scenario where the market goes bad. and so ponzi projects made statements about them.
Decentralized Stablecoin Explained “Ponzi” for Rivals Terra USD (UST) and Magic Internet Money (MIM)
Related article: Decentralized Stablecoin Explained “Ponzi” for Rivals Terra USD (UST) and Magic Internet Money (MIM)
Issuer of the leading decentralized stablecoin DAI MakerDAOAt the time the news was written $1,294local cryptocurrency traded from MKR, $1.16 billion with market value 58th place exists.
Leading protocol in DeFi TVL value: MakerDAO (MKR)
defecation according to data MakerDAO (MKR), decentralized finance (DeFi) in its ecosystem Total value of locked assets (TVL) of $9.8 billion between all DeFi protocols first place is located.
Ethereum (ETH) DeFi protocol in the chain, the TVL value in the last 30 days 26.67%Although he lost his total $110.32 billionrated DeFi TVL 8.88%It has dominion.
