Whales have been buying DAI in an attempt to accumulate more BTC, leading to a spike in revenue for MakerDAO. Despite the growing interest in BTC from institutional players like BlackRock, DAI may emerge as a beneficiary. Traders have been closely monitoring the price range of $30k to $31k for Bitcoin and accumulating stablecoins such as DAI. MakerDAO's revenue has grown by 41.5% over the last month, with Real-World Assets (RWA) being a major contributor.
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Whales Accumulate DAI While Trying to Buy Bitcoin, Boosting MakerDAO's Revenue
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