During April, a month marked by volatile market movements, DAI processed $636.72 billion in on-chain volume on Ethereum, exceeding the combined volume of all other stablecoins. Here are some insights: • The total Ethereum on-chain stablecoin transaction volume reached $1.18 trillion in April, setting a new monthly all-time high. • In April, DAI on-chain transactions accounted for ~54% of the total Ethereum on-chain stablecoin transaction volume. • During that month, DAI’s transaction volume increased by $448.83 billion, reflecting ~238% growth compared to the previous month. • April 2024 recorded the highest monthly on-chain transaction volume not just for DAI, but for all of the stablecoins on Ethereum. • The previous all-time high for DAI’s on-chain volume on Ethereum was in December 2021, reaching $367.69 billion.

Source: @TheBlock__ https://t.co/Md9JJ1KqKM