---
# System prepended metadata

title: 'Where is my DAI? - August 5, 2021'
tags: [Substack]

---

---
tags: Substack
---

# Where is my DAI? - August 5, 2021 

- State of DAI 🔭
- Dai on Different Chains 🌌
- Thoughts? 🎙️  
- Tracking Tools 🐾
    


## Overview 🔍

### Where is my Dai (General)

![](https://i.imgur.com/IhBhDjW.png)

This week's overview shows an increase of 6.7% of DAI circulation in DEXs and L2 solutions, and an decrease of 3.4% in Lending and 'Other' over the past week.

* **[Source](https://duneanalytics.com/SebVentures/maker---accounting_1)**

### Dai on Rollups

| Rollup Solution | Circulating Dai | Weekly Movement
| ---- | ---- | ---- |
| Optimism | 3,352,612.40 | 9.36% increase |
| Loopring | 1,503,583.015 | 23.24% decrease |
| zkSync | 800,724.96 | 0.61% increase |
| Aztec 2.0 | 32,024.81 | 5.26% increase |
| Hermez | 10,853.06 | 0.92% decrease | 

[**Source**](https://bi.etherscan.io/public/dashboards/Z6PuB2HTLK4tGOCtrYvP65seYXGWfLea76mknRu6)

### Where is my Dai (L2s)

![](https://i.imgur.com/2le36rV.png)

* **[Source](https://duneanalytics.com/SebVentures/maker---accounting_1)**

Special thanks to [@SebVentures](https://forum.makerdao.com/u/sebventures/summary). Bookmark his site for accurate, easy-to-read tracking for [Maker analytics](https://duneanalytics.com/SebVentures/maker---accounting_1) of all kinds.  


### Circulating Dai by Platform 🌌

*As of 07/29/2021*

| Solution | Circulating Dai | Dai Holders |
|---|---|---|
| Avalanche | 6,773,460.03 | *unknown* |
| Binance Smart Chain | 262,150,860.10 | 39,435 |
| Fantom | 38,085,643.83 | 2,973 |
| Klaytn | 58,354,550.11 | 5,124 |
| Polygon | 396,725,368.30 | 27,485 |
| xDai | 16,154,879 | *unknown* |

Circulating Dai on BSC, Fantom, and xDAI has remained steady for the past month, but Polygon is still experiencing high volatility - with around 86 million Dai moved off-chain last week. 

Klaytn also saw around 4 million Dai exit its network. 

### Tokens Bridged by TVL

![](https://i.imgur.com/Iu3gLmM.png)

This chart includes tokens across a number of chains, including Polygon, Loopring, Solana, Avalanche, Fantom, BSC, DeversiFi, Nerve, Harmony, RSK, Fuse, zkSync, OMG Network, Near, Aztec, Hermez, and Immutable X.

## By Platform

### Avalanche

| Top Holders | Circulating Dai | Proportion | 
|---|---|--- |
| Pangolin | 2,320,167 | 22.21% |
| Other | 4,453,293.03 | 77.79% |

#### Current Events

Dai liquidity on Pangolin rose 90,345 DAI since last week.

[Pangolin Exchange and Penguin Finance announce a formal partnership](https://pangolindex.medium.com/pangolin-and-penguin-finance-announce-a-formal-partnership-cab44f9965a5)

* The partnership aims to provide the Avalanche network with liquidity and exposure.

[A Graphic of the Avalanche Ecosystem](https://twitter.com/AVAXDaily/status/1399656978717175812/photo/1)


#### Bridges

* https://aeb.xyz/#/transfer

### Binance Smart Chain

| Top Holders | Circulating Dai | Proportion | 
|---|---|--- |
| Binance Hot Wallets | 144,686,162.76 | 55.1961% |
| PancakeSwap | 28,200,915.36 | 10.7583% |
| Venus (vDAI) | 26,592,299.39 | 10.1446% |
| ApeSwap | 3,883,362.84 | 1.4815% | 
| MDX | 3,668,742.89 | 1.3996% | 
| BiSwap | 3,450,175.10 | 1.3162% | 
| Wault | 2,508,045.22 | 0.9568% |
| Other | 49,161,156.54 | 18.7530% |

[Source](https://bscscan.com/token/0x1af3f329e8be154074d8769d1ffa4ee058b1dbc3#balances)

#### Current Events

[Binance Pay Bringing Crypto Payments to Shopify and Others](https://www.coindesk.com/binance-pay-bringing-crypto-payments-to-shopify-others)

* Binance is partnering with Alchemy Pay to allow for crypto payments on Shopify, among other e-commerce sites.

[Binance Reveals the Top Projects Within the BSC Ecosystem at the Binance Awards 2021 Event](https://bitcoinke.io/2021/07/bsc-awards-2021/)

* Projects listed include: PancakeSwap, TrustWallet, and BSCscan.

#### Bridges

* https://www.binance.org/en/bridge
* https://bridge.scrt.network/
* https://bridge.zeroswap.io/
* https://omni.xdaichain.com/bridge

### Fantom

| Top Holders | Circulating Dai | Proportion | 
|---|---|---
| Curve | 33,694,189.43 | 90.6151% |
| SpookySwap | 2,716,652.11 | 7.133% | 
| Cream | 220,713.33 | 0.5579% |
| Other | 1,454,088.96 | 1.6940% |

[Source](https://ftmscan.com/token/0x8d11ec38a3eb5e956b052f67da8bdc9bef8abf3e#balances)

#### Current Events

[Blockchain Gaming Enthusiasts Can Now Swap ATRI Tokens Faster And Cheaper Using SpookySwap](https://www.newsbtc.com/news/company/blockchain-gaming-enthusiasts-can-now-swap-atri-tokens-faster-and-cheaper-using-spookyswap/amp/)

* ATRI is an Ethereum-based (ERC20) crypto token that will be used as a currency for several entertainment services, including games, gambling, and betting platforms. The ATRI token is run by Atari, the developer behind arcade classics like Pong, Pacman, and Tetris. 

[What Is Fantom (FTM)?](https://www.coinspeaker.com/guides/what-is-fantom-ftm/)
* Explores the Fantom OPERA network and its DAG-based layer-1 blockchain. 

> Fantom is an algorithm belonging to the Byzantine Fault-Tolerant consensus that allows for honest nodes of a network to guarantee to agree on the timing and order of a set of transactions.

#### Bridges

- https://multichain.xyz/
- https://spookyswap.finance/bridge

### Klaytn

| Top Holders | Circulating Dai | Proportion | 
|---|---|---
[KlaySwap LP KUSDT-KDAI](https://scope.klaytn.com/account/0xc320066b25b731a11767834839fe57f9b2186f84) | 39,423,683.70 | 67.5589% |
[KlaySwap LP KXRP-KDAI](https://scope.klaytn.com/account/0xa3987cf6c14f1992e8b4a9e23192eb79dc2969b8) | 5,200,291.85 | 8.9115% |
[KlaySwap LP KLAY-KDAI](https://scope.klaytn.com/account/0x4b50d0e4f29bf5b39a6234b11753fdb3b28e76fc) | 4,750,592.76 | 8.1409% | 
[KlaySwap LP KORC-KDAI](https://scope.klaytn.com/account/0x587a01f81e5c078cd7c03f09f45705530ffb7b94) | 3,902,505.10 | 6.6876% |
| Other | 5,077,476.70 | 8.7011% |


[Source](https://scope.klaytn.com/token/0x5c74070fdea071359b86082bd9f9b3deaafbe32b?tabId=tokenHolder)


#### Current Events

[Bank of Korea Chooses Klaytn's operator, Ground X, as Supplier for CBDC Pilot](https://www.coindesk.com/bank-of-korea-chooses-ground-x-as-supplier-for-cbdc-pilot?amp=1)

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The CEO of Ground X - Jason Han, has given an interview with <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw">@CNBC</a> about South Korea&#39;s Central Bank plan to collaborate with Ground X in creating its first <a href="https://twitter.com/hashtag/CBDC?src=hash&amp;ref_src=twsrc%5Etfw">#CBDC</a> on the <a href="https://twitter.com/kakaotalk?ref_src=twsrc%5Etfw">@kakaotalk</a> blockchain.<a href="https://t.co/UIfOlxeuh9">https://t.co/UIfOlxeuh9</a> <a href="https://t.co/1jV8wbfEoj">pic.twitter.com/1jV8wbfEoj</a></p>&mdash; Klaytn (@klaytn_official) <a href="https://twitter.com/klaytn_official/status/1422407019831644168?ref_src=twsrc%5Etfw">August 3, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


### Polygon (formerly MATIC)

| Top Holders | Circulating Dai | Proportion | 
|---|---|---
| Aave | 175,682,202.97 | 44.2831% |
| Iron Finance | 69,405,065.80 | 17.4945% |
| Quickswap | 62,158,528.96 | 15.6678% |
| DFYN LP | 23,854,534.42 | 6.0129% |
| SushiSwap | 12,423,559.13 | 3.1315% |
| Balancer | 8,699,462.18 | 2.1928% | 
| Other | 44,502,014.84 | 11.2174% | 

[Source](https://polygonscan.com/token/0x8f3cf7ad23cd3cadbd9735aff958023239c6a063#balances)

![](https://i.imgur.com/RWKg8S9.png)

#### Current Events

Over 182 million DAI has exited Iron Finance in the past two weeks. This comes on the heels of a month long surge that saw the revamped project overtake Aave as the top DAI holder on the Polygon chain. 

Aave now sits firmly as the largest DAI holder on the chain with **over 175 million DAI, or around 44% of Polygon's total market share.** 

In total, the chain's seen around a **30% decrease** in circulating DAI.  

[Volmex Finance has expanded to Polygon.](https://twitter.com/0xPolygon/status/1423325104281243648)

* Volmex is a derivates trading protocol that launched on the Ethereum network. 

[A Public Vote on the 3 Best Projects on Polygon](https://t.me/polygondaily/3050)

* **Current leaders:** PolyCat.Finance (51%), PolyDoge (29%), and QuickSwap (13%)

### xDai

| Top Holders | Circulating Dai | Proportion | 
|---|---|---
| HoneySwap | 2,688,362 | 16.5366% |
| CHAI | 587,881.82 | 3.6495% |
| STAKE | ? | ?% |
| BAO | ? | ?% |

[Source](https://duneanalytics.com/maxaleks/xDai-Usage) 

We'll continue to track xDAI's daily transactions to better understand DAI's flow through its network.

**Transactions per day**
![](https://i.imgur.com/q5aecUm.png)

- Its Governance token (**STAKE**) can be swapped to through numerous chains and DEXs, which makes the tracking of input DAI a challenge. STAKE's **top pair on HoneySwap is STAKE-xDAI with 301,131 in xDAI currently pooled.**

![](https://i.imgur.com/IvdkKVS.png)

#### Current Events

[Onboarded the Genuino Project](https://www.total-croatia-news.com/lifestyle/54800-circus-maximus)

* Through a partnership with ACF Fiorentina, jerseys worn by players will be certified and authenticated using IoT tech and available to fans to purchase and trade along with exclusive digital memorabilia (NFTs).

#### Bridges

- https://omni.xdaichain.com/

## Thoughts? 🎙️  

Have anything you’d like to see added to these breakdowns? Leave a message in the comments or DM me, @seth, or @Jerry.G.

Thanks for reading!

## Tracking Tools 🐾

### DAI

* [Dai Stats](https://bit.ly/2Twk7Mc)
* [Maker Burn](https://bit.ly/3Br1mdX)
* [Maker Analytics Dashboard](https://bit.ly/2UqMUlT) - [@SebVentures](https://forum.makerdao.com/u/sebventures/summary.)
* [Block Analitica](https://bit.ly/3eK2Vdg)
* [Dai Markets](https://nomics.com/assets/dai-dai/markets?interval=7d)
* [Dai Bought on Uniswap/hr](https://duneanalytics.com/bobbyb/eth_12)

### Block Explorers

* [Avascan](https://avascan.info/blockchain/x/asset/2HG68eGcW1Xn8JcLuMZzLdT54Y394odWjPmLgfkbSfPZDgTM9v)
* [BSCscan](https://bscscan.com/token/0x1af3f329e8be154074d8769d1ffa4ee058b1dbc3)
* [FTMscan](https://ftmscan.com/token/0x8d11ec38a3eb5e956b052f67da8bdc9bef8abf3e)
* [scope.Klaytn](https://scope.klaytn.com/token/0x5c74070fdea071359b86082bd9f9b3deaafbe32b?tabId=tokenTransfer)
* [Polyscan](https://polygonscan.com/token/0x8f3cf7ad23cd3cadbd9735aff958023239c6a063#balances)
* [xDai Blockscout](https://blockscout.com/xdai/mainnet/)

### Bridge Metrics

* [IntotheBlock](https://app.intotheblock.com/coin/DAI/deep-dive?group=exchanges&chart=all)
* [Blockscout Bridged Token List](https://blockscout.com/xdai/mainnet/bridged-tokens/eth)
* [Poly Bridge](https://duneanalytics.com/nascent/Polygon-Bridge:-(Public))

### DEX

* [HoneySwap Analytics xDAI/Polygon](https://info.honeyswap.org/#/home)
* [Curve Analytics](https://duneanalytics.com/pengiundev/curve-fi)
* [PancakeSwap Token Analytics](https://pancakeswap.info/token/0x1af3f329e8be154074d8769d1ffa4ee058b1dbc3)
* [DEX Metrics](https://duneanalytics.com/hagaetc/dex-metrics)
* [SushiSwap Token Pairs](https://app.intotheblock.com/insights/defi/protocols/sushiswap?address=0xc3d03e4f041fd4cd388c549ee2a29a9e5075882f)

### Misc

* [Dappradar Rankings](https://dappradar.com/rankings)
* [xDAI Analytics Dashboard](https://duneanalytics.com/maxaleks/xDai-Usage)
* [Stablecoin Metrics](https://duneanalytics.com/hagaetc/stablecoins)
* [Comprehensive List of Explorers and Aggregators](https://github.com/denisnazarov/awesome-crypto-trackers)
* [A Community-built List of Every Project on the Polygon Chain](https://awesomepolygon.com/)
* [Loopring Dune Analytics](https://duneanalytics.com/Brecht/loopring)
* [DAI in zkSync](https://duneanalytics.com/queries/10961)
* [TVL for all Bridges](https://bi.etherscan.io/public/dashboards/Z6PuB2HTLK4tGOCtrYvP65seYXGWfLea76mknRu6)

*This is for informational purposes only. We do not endorse any of the projects referenced in this update. Always do your own research before making investments and/or using DeFi products and services.*



