DOLA

DOLA is a decentralized stablecoin created by Inverse Finance, designed to maintain a value of one US dollar. It is backed by a combination of assets and debt, meaning it is issued against collateral deposited by users rather than held in a bank. Its purpose is to give people access to a dollar-denominated token that can be used across decentralized finance applications without relying on a centralized issuer.

DOLA is minted when users deposit approved collateral into Inverse Finance's lending system, creating a debt position that backs the new tokens. It exists across several blockchain networks simultaneously, including Ethereum, Arbitrum, Optimism, Base, Fantom, and BNB Chain, meaning it can be used in the decentralized applications on each of those networks. The token carries no native consensus algorithm of its own because it is an application-layer asset that settles on whichever underlying blockchain it is deployed to.

The data stored for DOLA does not include a fee revenue figure, so no fee stream, fee recipient, or protocol earnings can be described from the information available here. What the data does show is a circulating supply of 75,741,389.97 tokens at the point-in-time snapshot and a separate stablecoin circulating figure of 103,545,011.85, also point-in-time, which suggests some portion of issued supply is tracked differently across sources. The 30-day turnover ratio of 0.995507 indicates that a volume roughly equal to the market capitalization of approximately 75,506,549 US dollars traded over the trailing 30-day average period, but without fee data this figure cannot be connected to any revenue calculation.