A Look at MakerDAO, the Protocol Behind the DAI Stablecoin | Data On TVL, DAI Supply, Top Coins, Users | Aug 2024
The MakerDAO protocol is behind the DAI stabelcoin enabling all the mechanics that works around it. The way DAI is minted is through collateral. Users deposit other tokens like ETH, BTC etc. and mint DAI.
The Stablecoins Market Cap Keeps on Growing and Reached New ATH | A Look at the Top Stablecoins | July 2024
Stablecoins, or a dollar-pegged coins have been growing in market cap. The prices of Bitcoin and other cryptocurrencies have increased in 2024 so the increase in the market cap of stablecoins is to be