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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)$87,828.000.41%
  • ethereumEthereum(ETH)$2,942.640.59%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$853.861.60%
  • rippleXRP(XRP)$1.871.27%
  • usd-coinUSDC(USDC)$1.000.04%
  • solanaSolana(SOL)$124.581.35%
  • tronTRON(TRX)$0.2834131.54%
  • staked-etherLido Staked Ether(STETH)$2,942.040.63%
  • dogecoinDogecoin(DOGE)$0.1239771.16%
© 2025 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$87,828.000.41%
  • ethereumEthereum(ETH)$2,942.640.59%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$853.861.60%
  • rippleXRP(XRP)$1.871.27%
  • usd-coinUSDC(USDC)$1.000.04%
  • solanaSolana(SOL)$124.581.35%
  • tronTRON(TRX)$0.2834131.54%
  • staked-etherLido Staked Ether(STETH)$2,942.040.63%
  • dogecoinDogecoin(DOGE)$0.1239771.16%