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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)$65,633.00-2.65%
  • ethereumEthereum(ETH)$1,918.78-1.36%
  • tetherTether(USDT)$1.00-0.01%
  • rippleXRP(XRP)$1.36-1.27%
  • binancecoinBNB(BNB)$606.89-0.41%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$77.32-2.84%
  • tronTRON(TRX)$0.2780340.46%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.051.22%
  • dogecoinDogecoin(DOGE)$0.0912110.57%
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  • bitcoinBitcoin(BTC)$65,633.00-2.65%
  • ethereumEthereum(ETH)$1,918.78-1.36%
  • tetherTether(USDT)$1.00-0.01%
  • rippleXRP(XRP)$1.36-1.27%
  • binancecoinBNB(BNB)$606.89-0.41%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$77.32-2.84%
  • tronTRON(TRX)$0.2780340.46%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.051.22%
  • dogecoinDogecoin(DOGE)$0.0912110.57%