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MakerDAO: DAI supply hits new lows whereas MKR stands…

Press Releases Crypto News AMB-Crypto MakerDAO: DAI supply hits new lows whereas MKR stands…

DAI supply fell to its lowest this year.
MKR’s MVRV ratio showed that most holders were in profit at press time.

The total supply of MakerDAO’s [MKR] decentralized stablecoin, DAI, has fallen to its lowest level since the year began, according to data from MakerBurn.

AMBCrypto reported earlier that the stablecoin’s supply rebounded in the first two weeks of the year after hitting a four-month low on the 31st of December 2023.

However, due to the fall in the prices of some of DAI’s underlying assets, its supply has declined steadily since the 11th of January.

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Author: Abiodun Oladokun

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