The research report discusses the market position of Maker’s DAI, a stablecoin in the crypto market. Despite the instability experienced by many other stablecoins in the last year, DAI has struggled to increase its market share, currently holding just 3% of all stablecoins. This is attributed to lower capital efficiency in the minting of DAI compared to centralized stablecoins.
- Market Position: Maker’s DAI currently holds just 3% of all stablecoins, indicating a need for strategies to increase its market share.
- Capital Efficiency: The report identifies lower capital efficiency in the minting of DAI compared to centralized stablecoins as a key factor affecting its market share.