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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/makerdaos-dai-supply-hits-yearly-low-as-mkr-value-surges-by-53/" data-wpel-link="internal">MakerDAO’s DAI Supply Hits Yearly Low as MKR Value Surges by 53%</a><br></p>
<p style="text-align: justify">According to data from MakerBurn, the total supply of <strong>MakerDAO’s (MKR)</strong> decentralized stablecoin DAI has fallen to its lowest level since the beginning of the year. It was previously noted that the stablecoin supply had rebounded in the first two weeks of the year after hitting a four-month low on December 31, 2023.</p> 
<h2 id="dai-supply-decline">DAI Supply Decline</h2> 
<p style="text-align: justify">However, the supply of DAI has been steadily decreasing since January 11, due to the price decline of some of its underlying assets. The decrease in DAI’s supply could be attributed to the protocol’s collateralized debt position (CDP) model. The CDP system acts like a self-regulating market. When the prices of assets backing DAI fall, the borrowing interest rate can automatically increase.</p> 
<p style="text-align: justify">According to data from <a href="https://en.coin-turk.com/new-meme-token-craze/" data-wpel-link="internal">Token</a> Terminal, the number of active monthly users in <strong>MakerDAO</strong> has reached 2000 this year. Although this represents a 40% decrease from the 2800 active users recorded in December, the transaction fees recorded from these users surpassed the total recorded in December. Additionally, the data shows that in the last 20 days, transaction fees in MakerDAO have increased by 9% to $16.5 million, compared to $15.1 million recorded in December.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-305499 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/dai.webp" alt="" width="2048" height="777"></p> 
<h2 id="mkr-sees-a-53-increase">MKR Sees a 53% Increase</h2> 
<p style="text-align: justify">The company found that <strong>MakerDAO’s</strong> fees and the revenue generated from them have steadily increased over the past year. Each has grown by 35% over the last twelve months. There was an increase of over 400% in the last six months. While many cryptocurrencies experienced declines or remained in a narrow range last month, according to CoinMarketCap data, the value of <strong>MKR</strong> increased by 53%.</p> 
<p style="text-align: justify">Due to the price increase, MKR transactions were predominantly profitable last month. An assessment of the token’s daily transaction volume gave a profit/loss ratio of 2.21. This could mean that for every MKR transaction that ended in a loss, 2.21 transactions made a profit. Similarly, at the time of writing, the market value to realized value (MVRV) ratio of 40.94% suggests that the token’s market value is 40.94% higher than the average purchase price paid by holders.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/makerdaos-dai-supply-hits-yearly-low-as-mkr-value-surges-by-53/" data-wpel-link="internal">MakerDAO’s DAI Supply Hits Yearly Low as MKR Value Surges by 53%</a></h5>

MakerDAO’s DAI Supply Hits Yearly Low as MKR Value Surges by 53%

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