The chart below shows MakerDao's volume over time

The amount of collateral tokens added over time is reflected in the bar chart below.

We can see Collateral amount by asset from the donut below

MakerDAO is an Ethereum-based system that allows users to mint DAI. DAI itself is a stablecoin that closely approximates the price of the US dollar.

How does it work? Well the idea is that users can lock in something of value in exchange for a loan, by providing collateral. In this way, the user can recover the collateral when they repay the loan, for which they also have to pay a fee. In the following graph, we can see how the volume of minted IADs has evolved over time.

conclusion

• Daily volume of MakerDao : its with a few spikes. There are a few spikes in the third quarter of 2021, with the greatest volume of 376M USD on October 27, 202

• Daily collateral amount by assets : When we look at the number of collateral tokens added vs volume of MakerDAO (as shown in bar chart above), we can see that the patterns are very similar, with a few surges in the third quarter of 2021. However, the total amount of collateral tokens is greater than MakerDAO's volume.

• Collateral amount by asset : We can see that WETH is the token that had largest impact on MakerDAO's volume