Dai In Numbers
Using carefully cleaned data is important?-?had we taken the data at face value, we would be reporting 13,800 current holders instead of 8,200. There is currently 76 million Dai in circulation, which is approaching a new all-time high.
The chart to the right shows how much time that passes until a new holder first spends.
Interestingly, The Bounties Network was the first source of Dai for 1.3% of new holders despite representing only 0.02% of total Dai volume.
Once created, Dai is fungible as there is no difference between tokens collateralized by different CDPs. It is like taking out any other loan?-?you’re expected to pay it back, but it’s very unlikely you will be paying it back with exactly the same cash.
Even though it is fungible, we can differentiate between tokens by taking a first-in-first-out view of balances.
40% stays in circulation for more than a month and 33% is transferred more than two dozen times.
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