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Dai

Dai DAI

Token
Dai Price (DAI)
$1.00
0.01% Buy DAI

0.00075 ETH

0.00005141 BTC

Low: $1.00
High: $1.00
24h
Market Cap
$6,778,442,410
0.01%
Fully Diluted Market Cap
$6,778,442,410
0.01%
Volume
24h
$319,413,536
6.93%
Volume / Market Cap
0.0471
Circulating Supply
6,773,142,887 DAI
Max Supply
--
Total Supply
6,773,142,887
Dai DAI
Price: $1.00
0.01% Buy DAI
Dai (DAI) Social Signals & Traffic Tracker
Dai twitter
Twitter Stats
@MakerDAO

Followers

231,558

0.26%

Following

256

0.00%

Tweet count

4,741

0.94%

Joined at Apr 21, 2015
Dai reddit
Reddit Stats
r/MakerDAO

Subscribers

34,168

0.00%

Subreddit type

public

Moderators

8

0.00%

Joined at Aug 16, 2015
Dai telegram
Telegram Stats

Currently, official Dai Telegram account doesn’t exist or wasn’t submitted. 🔆

Dai traffic
Website Traffic
makerdao.com

Website Rating (DR)

78 / 100

0.00%

Ahrefs Rank

18,011

0.95%

Organic Traffic (mo.)

0

0.00%

Dai github
GitHub Organization
makerdao

Public repos

284

Type

Organization

Created at May 20, 2015
Dai github
GitHub Repository

Currently, official Dai GitHub account doesn’t exist or wasn’t submitted. 🔆

Dai Price statistics

Dai Price
$1.00
Price change 24h
-$0.00010
0.01%
24h Low / 24h High
$1.00 /
$1.00
All Time High
Nov 16, 2021 (10 months 3 weeks ago)
$3.67
72.72%
All Time Low
May 10, 2020 (2 years 4 months ago)
$0.9455
5.85%
Trading Volume 24h
$319,413,536
6.93%
Volume / Market Cap
0.0471
Market Dominance
0.69%
Market Rank
#13
Market Cap
$6,778,442,410
0.01%
Fully Diluted Market Cap
$6,778,442,410
0.01%

Live DAI Price Analysis

The current real time Dai price is $1.00, and its trading volume is $319,413,535.72 in the last 24 hours. DAI price has plummeted by 0.01% in the last day, and decreased by 0.08% in the last 7 days. It’s important to note that current Dai market capitalization is $6,778,442,409.83, Talking about circulating supply, DAI has 6,773,142,887 coins. Currently, Dai rank on the market is #13.

Dai price today is 72.72% below all time high, and it is 5.85% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling DAI are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Dai?

Dai (DAI) is a stablecoin based on the ERC-20 token standard. It runs on the Ethereum blockchain. Being a stablecoin means that it’s backed by fiat currencies instead of other cryptocurrencies. Most notably, the Dai token is soft pegged to the US Dollar just like the largest stablecoin Tether. However, unlike Tether, Dai is completely decentralized.

In a broader sense, this means that the current DAI price stability depends on keepers. Their role is to maintain stability through buying and selling Dai when the market price is below or above 1 US Dollar. In addition, stability fees and the Dai Savings Rate (DSR) mechanism are used in maintaining the stability of the stablecoin.

Dai belongs to the MakerDAO ecosystem along with the Maker (MKR) token. The latter is a utility token that grants governance rights. In addition, MKR is used to pay for the fees associated with Dai loans. Whereas Dai is the native token of the Maker for day-to-day needs.

It’s Multi-Collateral, unlike its Single-Collateral predecessor Sai. This means that Dai-based loans can be collateralized by multiple cryptocurrencies. Sai was the initial stablecoin of the MakerDAO. The new and upgraded version called Dai was introduced in November 2019.

Don't forget to check the DAI price on the graph above if you're considering purchasing this cryptocurrency.

How does Dai Work?

Dai enables the lending and borrowing of cryptocurrencies in a decentralized manner. It has many similarities to the traditional method of taking out loans except Dai loans don’t have any of the strict requirements that banks do. All you have to do is deposit the accepted crypto collateral such as ETH or USDC into the Maker Vault and collect your Dai. No credit scores, credit history, cash flows, financial statements, or any other personal information through KYC processes is required.

In order to redeem your collateral, you must pay back the exact Dai amount owed in addition to a stability fee a.k.a. interest rate.

Besides generating Dai by depositing collateral into a Maker Vault, you can also purchase it via an exchange where you’ll have to consider the current DAI price.

What are the Main Features of Dai?

There are various advantages of Dai that puts it ahead of other stablecoins on the market.

Starting off with the most obvious aspect - decentralization. When asking the question of what is Dai, you’ll most likely hear that it’s a decentralized stablecoin. Decentralized is the key word here as there are stablecoins with a central authority. Decentralized stablecoins lack said central authority which means that they’re governed by the community through public voting via the MKR token. Moreover, decentralization brings forward features such as increased transparency and resistance to censorship. This is possible since all actions are recorded on the blockchain.

It’s no secret that the crypto market is extremely volatile. Therefore, when wondering what is Dai and how it can benefit you, you should first consider this aspect. Stablecoins such as Dai help in managing volatility. The value of Dai is soft pegged to the US Dollar which ensures relative stability. This means that the DAI price should be around 1 US Dollar.

The Maker employs a Dai Savings Rate (DSR) mechanism which serves as a source of passive income. This unique feature enables users to earn interest. This form of passive income is funded by the stability fee.

Last but not least, Dai comes with inherent dApp composability and open access to the source code.

What is MakerDAO?

MakerDAO is a decentralized autonomous organization where participants can take out collateral-backed crypto loans. It’s powered by the native stablecoin DAI and the governance token MKR.

Participants can generate the native DAI token by depositing collateral into the Maker Vault. This collateral can be any type of cryptocurrency that is supported by the platform.

Who Developed Dai?

Rune Christiensen, who is an entrepreneur of Danish descent, co-founded the MakerDAO in December of 2017. Dai token and the Maker token power the ecosystem.

Since the Maker is a decentralized autonomous organization (DAO), it fully operates without a central authority by utilizing smart contract technology.

This is where MKR comes in. This utility token serves the purpose of a governance token. MKR holders receive voting rights in crucial decisions regarding MakerDAO’s future development.

This means that even though Rune Christiensen originally founded the DAO, he doesn’t hold any significant power over its development or token issuance.

What's Dai trading volume in the last 24 hours?

DAI has a trading volume of $319,413,535.72 in the last 24 hours.

What's Dai highest price ever?

DAI has a highest price of $3.67, which was reached on Nov 16, 2021 (10 months 3 weeks ago).

What's Dai lowest price ever?

DAI has a lowest price of $0.9455, which was reached on May 10, 2020 (2 years 4 months ago).

What are the best exchanges for buying and selling DAI?

Currently, the most active and dominating exchanges for buying and selling Dai are Binance, Kraken & Kucoin. The most popular Dai trading pairs are BUSD/DAI (on Binance ), USDT/DAI (on Binance ), BTC/DAI (on Binance ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping DAI?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Dai. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Dai project's Circulating Supply has been verified and is equal to:

Circulating Supply

6,773,142,887 DAI

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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