While its DAI stablecoin regained its parity with the U.S. dollar last week, increased uncertainty as to whether a further de-pegging should be expected resulted in a decline in MakerDAO’s [MKR] total value locked (TVL) in the last seven days. 

According to data from DefiLlama, the protocol’s TVL was $7.68 billion at press time, having decreased by 5% in the last week. The decline in MakerDAO’s value of assets was attributed to a drop in the number of collateralized loans on the protocol, as concerns grew over the viability of the DAI stablecoin.

This also culminated in a fall in DAI’s supply. Per data from Maker Burn, since 13 March, DAI’s supply fell by 13%. As of this writing, the stablecoin’s supply stood at 5.6 billion DAI tokens. When DAI supply drops, there are fewer DAI tokens in circulation, which could result from a decline in demand, as seen in the last week.