January 25, 2019, 5:37PM EST
• 3 min read

On-chain activity under the microscope: Dai lending rates down, DEX volume increases

Quick Take

  • Rates for Compound’s Dai market have fallen as supply increased to over $6.8m
  • Dai supply is up 4% over the week as bulls seek leverage and arbitrageurs close spreads between Maker and Compound
  • Daily transaction volume across Bitcoin, Bitcoin Cash, and Ether remain low versus year-to-date average
  • IDEX continues to dominate DEX volume, despite the recent implementation of KYC requirements
  • One Augur trader has realized $100,000 in profits since launch, close to 50% of all platform profits

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