Recent statistics revealed that MakerDAO’s tokenized dollar, DAI, has been handling billions of dollars per month in November and December 2019.
Transaction volumes surge in late 2019
According to recent information from Dune Analytics, the blockchain-based token, DAI, created by MakerDAO, was seeing major transaction volumes over the last few months. The data shows that DAI monthly transaction volume reached $2.5 billion in November 2019 and over $1 billion in December 2019.
Previously, DAI only managed to approach $2 billion in transactions during July of the same year, but the situation in November allowed it to exceed the earlier milestone by over $500 million.
Another thing to note is that this information is likely much more accurate than any data that is provided by centralized exchanges, which are known for often faking the numbers in order to make themselves look busier. With DAI transfer volumes being on blockchain — a technology known for its transparency and immutability — it is a lot more difficult and expensive to…