Token velocity for stablecoins aims to measure the frequency at which the stablecoins are spent or exchanged. It is calculated as total volume divided by outstanding supply.
Recently, velocity for all stablecoins has dipped, as total volumes have decreased. 30-day average velocity for DAI currently stands at 0.046, down from 0.09 on June 1st. During the same period, 30-day average volume for DAI has decreased by 47% from $581 million to $306 million.