Dai on Different Networks #9 - September 2, 2021

Dai on Different Networks #9

If you missed last week’s update, here’s a link to Dai on Different Networks #8.

Highlights

  • MakerDAO now accepts MATIC as collateral.
  • The Avalanche C-Chain saw exponential growth in recent weeks, jumping to over 282 million in circulating DAI. The current top wallets include Trader Joe (kudos to @ElProgresso), Snowball, and Pangolin.
  • The number of Dai on Fantom grew by around 76% over the past week, due in part to several announcements, including a 370 million FTM incentive program, and an increase in NFT-fueled traffic.
  • Klaytn Announces the Klaytn Foundation.
  • Solana announces a global hackathon.

Overview

Where is my Dai (General)

This week saw an increase of 2.2% between DEXs and Lending protocols and 1.5% decrease in ‘Other’- which is an aggregate of Aragon, Tornado Cash, and PulseChain. The ‘Treasuries’ category was also added to represent OlympusDAO.

Source

Special thanks to @SebVentures. Bookmark his site for accurate, easy-to-read tracking for Maker analytics of all kinds.

Dai on Rollups

Rollup Solution Circulating Dai Weekly Movement
Optimism 5,656,799.71 26.27%
Loopring 578,855.24 -1.87%
zkSync 742,162.39 -7.17%
Aztec 2.0 34,499.50 0.00%

Source

Where is my Dai (Bridged)

By DEX

Circulating Dai by Platform

As of 09/02/2021

Solution Circulating Dai Dai Holders Weekly Dai Movement
Avalanche 283,616,181.27 ~2500 0.00%
Binance Smart Chain 262,083,001.91 46,155 -0.07%
Fantom 71,303,524.36 3,495 76.62%
Klaytn 100,846,423.94 6,175 5.01%
Polygon 357,586,326.13 35,494 -5.77%
Solana 12,125,737.56 20 -
xDai 19,676,162.00 unknown 0.06%

This week saw a lot of NFT-driven, chain-to-chain movement. Fantom was a benefactor, seeing a 76.6% increase in circulating DAI. Avalanche is also seeing quite a bit of growth, with Trader Joe leading the pack.

By Platform

Avalanche

Solution Circulating Dai Dai Holders
Avalanche C-Chain 273,637,295.27 2,453
Avalanche P-Chain 0 0
Avalanche X-Chain 9,978,886.00 ?
  • The Contract (C-Chain) is EVM compliant, allowing for project copy/pasting for devs and easier bridging for end-users.
  • Platform (P-Chain) chain controls validators and creates “subnets” or sharded side-chains
  • The Exchange (X-Chain) chain is the used for the creation and exchange of assets.

C-Chain Top Wallets

Current Events

Avalanche Newsletter

Bridges

Binance Smart Chain

Top Holders Circulating Dai Proportion Weekly Movement
Binance Hot Wallets 114,867,870.48 45.47% -4.89%
Venus (vDAI) 19,042,117.26 7.27% -16.22%
QBIT (qDAI) 14,514,831.25 4.73% -
PancakeSwap 12,167,645.738 13.47% 0.96%
ApeSwap 6,608,350.05 2.52% 31.82%
Biswap 3,271,210.60 1.25% -
FTX 4,876,910.32 1.86% 77.70%
MDX 2,771,919.25 1.06% -23.16%
Other 83,962,146.97 31.20% 22.46%

Source

Current Events

Bridges

Fantom

Top Holders Circulating Dai Proportion Weekly Movement
Curve 48,730,587.55 68.58% 49.28%
SpookySwap 17,742,146.42 24.97% 228.08%
SpiritSwap 1,763,298.47 2.48% 348.80%
Other 2,816,169.42 3.83% 98.03%

Source

Current Events

Bridges

Klaytn

Top Holders Circulating Dai Proportion Weekly Movement
KlaySwap LP KUSDT-KDAI 51,741,207.16 51.45% -6.58%
KlaySwap LP KDAI-KAI 20,456,388.19 20.34% 26.29%
KlaySwap LP KXRP-KDAI 8,810,525.18 8.76% 21.91%
KlaySwap LP KLAY-KDAI 4,788,806.46 4.76% -2.97%
KlaySwap LP KORC-KDAI 4,675,807.41 4.65% 2.52%
Other 10,095,822.99 8% 30.58%

Source

Current Events

Polygon (formerly MATIC)

Top Holders Circulating Dai Proportion Weekly Movement
Aave 186,324,836.33 52.11% 0.00%
Quickswap 32,087,403.32 9.55% -35.19%
Iron Finance 37,579,131.85 10.51% -15.97%
Kyber 18,464,789.53 3.78% -8.23%
UniSwap 14,711,957.59 4.11% -16.78%
PolyCat 9,938,705.98 2.21% -1.27%
SushiSwap 14,017,955.48 3.92% -36.04%
Balancer 6,296,840.70 1.76% -10.88%
Other 38,134,705.35 2.05% 21.02%

Source

Current Events

Solana

Top Holders Circulating Dai Proportion Weekly Movement
Contract 1 12,831,204.58 99.84% 0.00%
Contract 2 19,970.00 0.12% 0.16%
Other 300.49 0.00% 0.00%

Current Events

Solana announces global Hackathon

xDai

Top Holders Circulating Dai
HoneySwap 2,739,245
CHAI 627,673.28
Other 16,453,148.72

Source

Current Events

Bridges

Notes & Feedback

  • We removed the “Tokens Bridged by TVL” chart because the chart hasn’t been updated in several weeks but we’re working on creating our own.
  • We separated the data on Avalanche to better show where Dai is on its C, P, and X-chains.

Have anything you’d like to see added to these breakdowns? Leave a message in the comments or DM me, @seth, or @JerryAG.

Thanks for reading!

Tracking Tools

DAI

Block Explorers

Bridge Metrics

DEX

Misc

This is for informational purposes only. We do not endorse any of the projects referenced in this update. Always do your own research before making investments and/or using DeFi products and services.

6 Likes

I think this is nice opportunity to attract some of the Teams competing to integrate DAI @Growth-Core-Unit

I heard first Solana Hackathon had 1,000 teams
Second attracted 3400 teams
Third had 13,500 teams :exploding_head:
This upcoming one has a $5M first prize.

That’s cray!

4 Likes

Excellent work alec, you have me very excited about this!!!

3 Likes