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Yield farming fuels 623% growth in DAI supply to nearly $1B

October 22, 2020 by DIGIT
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Demand for Ethereum-based stablecoins exploded during the third-quarter DeFi bubble, with DAI’s supply growing by more than 600% and USDC expanding 200%.

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Categories decentralized finance, ERC-20 stablecoins, yield farming
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  • bitcoinBitcoin(BTC)$108,163.00-0.64%
  • ethereumEthereum(ETH)$2,526.27-0.92%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.230.06%
  • binancecoinBNB(BNB)$655.73-0.22%
  • solanaSolana(SOL)$148.32-2.05%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.282794-1.08%
  • dogecoinDogecoin(DOGE)$0.164773-1.87%
  • staked-etherLido Staked Ether(STETH)$2,525.44-0.92%
  • bitcoinBitcoin(BTC)$108,163.00-0.64%
  • ethereumEthereum(ETH)$2,526.27-0.92%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.230.06%
  • binancecoinBNB(BNB)$655.73-0.22%
  • solanaSolana(SOL)$148.32-2.05%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.282794-1.08%
  • dogecoinDogecoin(DOGE)$0.164773-1.87%
  • staked-etherLido Staked Ether(STETH)$2,525.44-0.92%
© 2025 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$108,163.00-0.64%
  • ethereumEthereum(ETH)$2,526.27-0.92%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.230.06%
  • binancecoinBNB(BNB)$655.73-0.22%
  • solanaSolana(SOL)$148.32-2.05%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.282794-1.08%
  • dogecoinDogecoin(DOGE)$0.164773-1.87%
  • staked-etherLido Staked Ether(STETH)$2,525.44-0.92%
  • bitcoinBitcoin(BTC)$108,163.00-0.64%
  • ethereumEthereum(ETH)$2,526.27-0.92%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.230.06%
  • binancecoinBNB(BNB)$655.73-0.22%
  • solanaSolana(SOL)$148.32-2.05%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.282794-1.08%
  • dogecoinDogecoin(DOGE)$0.164773-1.87%
  • staked-etherLido Staked Ether(STETH)$2,525.44-0.92%