|Solution||Dai Market Cap||Dai Holders|
|Binance Smart Chain||$262,269,050.24||31,724|
The bridged Dai total on BSC has remained largely unchanged, though the majority is held by the Binance EX rather than a yield farming platform.
74.15% of bridged Dai is held in Binance hot wallets.
8.54% is stored in the Venus smart contract as vDAI.
- 91.09% of Dai bridged to Fantom is held in a Curve contract.
- Around 86.95% of Dai bridged to Klaytn is held on KlaySwap.
Dai usage on Polygon has risen from around 418 million DAI to over 567 million, peaking at 652.9 million DAI. The majority is held in two pools:
Iron Finance identifies as a “partially collateralized algorithmic stablecoin” and operates on the BSC and Polygon chains. The project made headlines earlier this year after its stablecoin (IRON) fell off its dollar peg and its governance token (TITAN) fell to near zero.
This represents a relaunch of the same, with alterations made to its protocol. It has yet to go live, but its contract is the largest Dai holder on the Polygon network at over 36.2% of the market share - or over $205 million in DAI.
The spike in bridged Dai began in early July and peaked on the 15th.
Iron Finance rose to over 48% of Dai’s market share on Polygon, but has since since evened out with Aave.
Aave wallets hold the second highest Dai total, amounting to 34.1% of Dai bridged to the Polygon network - or around $185 million in DAI.
Aave was last week’s Polygon majority holder with over 51% of the network’s Dai market share, but additional Dai has been bridged, and funds have been removed from Aave and placed in Iron LPs.
Aave’s Market share fell drastically mid-week, but has since recovered.
Layer-2s still only represent a small portion of the total Dai supply.
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