Analysis

Stable coins being considered are

    	'DAI', 'USDT', 'USDC', 'GUSD', 'TUSD', 'BUSD', 'UST', 'EURS', 'MIM', 'EURN',
  	'PAX', 'SUSD', 'USDN', 'USDP', 'RSV', 'LINKUSD', 'FRAX', 'EURT', 'PAR', 'SEUR', 'AGEUR'

DAI Transaction Volume vs other Stable Coins

• Here is what the comparative analysis of how DAI compares against other stablecoins on the Ethereum Network
• DAI is the stablecoin with the second highest volume, after only USDT, which has the highest volume.

What is DAI most used for?

From looking at the uses of DAI, DAI is mostly used for swapping to other tokens, especially stable coins, to be added to LP pools as liquidity with other stable coins.

• The most common pair that DAI is swapped to USDC, followed by USDT
• There are about 576 distinct wallets that have swapped DAI for USDC until now.