Introduction

How does the daily volume of DAI transactions compare to other stablecoins?

What is DAI most used for?

Brief description of DAI

coinbase: > >Dia (DIA) is an Ethereum token that governs Decentralized Information Asset (DIA), an open source Web3 data and oracle platform. This platform allows smart contracts to connect to external data sources, such as DeFi market data and centralized APIs. DIA can be used to propose and vote on platform upgrades. >

StableQueen DAI is a product of MakerDAO, founded by Ron Christensen, CEO.

In this section, it is better to take a look at the daily price chart of this currency code A chart limited to 2022 data :

As expected, the graph shows little change

methodology

All graphs are obtained with the help of flipside_prod_db.ethereum_core.ez_token_transfers table. And the results are limited to 2022

With the help of this limitation, we can get a better and more accurate result than the previous diagrams from the previous Bounties

In this section, three of the main stable coins are compared In the second diagram, the data are normalized to better show the differences, and in the third section, I showed the overall sum

With the help of the second chart and the normalized data, it can be seen that the total volume of the DAI chart has jumped in some days (such 5 may)

Most of the chart volume (more than 50%) is made up of Transfer

Also, the sum of Transfer and Approval is more than 99%, which shows the importance of both

In this chart, I used flipside_prod_db.ethereum_core.ez_token_transfers table as I mentioned at the beginning of the dashboard Now we can compare the results with the dashboards of four months ago that used ethereum.udm_events such as this dashboard