Data: DAI supply jumps 623% to nearly $1 billion amid DeFi boom

Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: SAMUEL HAIG, reproduced by Odaily with authorization.

decentralized finance (DeFiEditor's Note: This article comes fromETHCointelegraph Chinese (ID: CointelegraphChina)

Cointelegraph Chinese (ID: CointelegraphChina)DAI, Author: SAMUEL HAIG, reproduced by Odaily with authorization.

decentralized finance (

) The Q3 explosion was the same as Ethereum (

) compatible stablecoins have brought significant growth.COMPAccording to data from crypto market data aggregator Messari, in 2020, MakerDAO’sYFIThe supply increased by 623% in the third quarter, pushing the stablecoin’s value above $1 for four consecutive months.CRVSince the start of July, DAI has a market cap of nearly $130 million and its supply has grown to over $940 million today.UNIMessari attributes DAI's recent growth to the launch of four important liquidity mining initiatives in the DeFi space, including the June 30 change to Compound (

), increased DAI rewards, and launched Yearn Finance on July 18 (Messari

) mining, Curve (

), Uniswap token launch on September 16thUSDCliquidity mining.USDTimage description

Source of market capitalization of DAI since January 1, 2020:Messari estimates that 65% of the total DAI supply is currently given to DeFi protocols for liquidity mining.) demand also exploded in the third quarter, and USDC’s market capitalization tripled from $928 million on July 1 to $2.79 billion today. USDC has grown by more than $1 billion in a single quarter, second only to Tether (

Data released by Flipside Crypto shows that after the launch of the Curve platform, DeFi users are more interested inCoin360

MessariestimateUSDC Demand Surges

, USDC’s market capitalization has grown by 150% since the launch of the Curve platform.SOL），Stellar（XLM），Algorand（ALGOimage description