Dai
DAI Price
How is the price of Dai (DAI) calculated?
The price of Dai (DAI) is calculated in real-time by aggregating the latest data across 109 exchanges and 322 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
We have updated the circulating supply for DAI as per its on-chain supply on Ethereum, and its market cap is not calculated towards the global market cap. USDS will be tracking the amount of USDS along with wrappers such as DAI.
Dai Price Chart (DAI)
1h | 24h | 7d | 14d | 30d | 1y |
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0.2% | 0.4% | 0.0% | 0.3% | 0.2% | 0.2% |
DAI Converter
Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$3,260,930,009 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
1.0 |
Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$3,261,705,497 |
24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$149,863,856 |
Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
3,257,139,178 |
Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
3,257,913,765 |
Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
∞ |
DAI Historical Price
24h Range | $0.9947 – $1.01 |
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7d Range | $0.9956 – $1.00 |
All-Time High |
$1.22
18.0%
Mar 13, 2020 (over 4 years)
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All-Time Low |
$0.8820
13.4%
Mar 11, 2023 (over 1 year)
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How do you feel about DAI today?
What is Dai?
Dai is a stablecoin issued by Maker Protocol. Its first stablecoin iteration was known as the Single Collateral Dai (SAI), which used Ether (ETH) as collateral.
Two years later in 2019, the Foundation released the Multi-Collateral Dai (DAI), phasing out SAI. The platform has enjoyed widespread adoption and is the largest decentralized lending platform with around $2.58 billion in total value locked (TVL), as of December 2020.
What can Dai (DAI) do?
Dai has several strong benefits and use cases. Most notably, Dai’s soft peg to the US Dollar helps mitigate price volatility. In the cryptocurrency space where price swings are common and dramatic, this feature helps preserve Dai’s value and promotes its use as a medium of exchange.
Additionally, the stablecoin’s decentralized nature means that it is highly composable with other decentralized applications (Dapps) such as Compound, Uniswap etc. It also provides greater transparency and censorship resistance compared to centralized solutions.
The source code for the protocol can be viewed freely by anyone who wishes to do so. Dai holders can also save their Dai and earn interest through the Dai Savings Rate (DSR) mechanism. Further reading on Dai’s benefits and use cases can be found in Maker’s whitepaper and ecosystem page.
What cryptocurrencies can I use as collateral?
Maker provides a list of cryptocurrency assets that can be used as collateral on Oasis’ borrow tab. As of December 2020, there are 16 supported assets, each with their own differing collateralization ratios and stability fees. The addition of new collateral assets, as well as the determination of collateralization ratios and stability fees, are decided through voting on Maker’s governance platform.
How does Dai work?
In principle, Dai is similar to a loan or mortgage. In traditional finance, these credit facilities are obtained from financial institutions upon fulfilling several stringent requirements such as the provision of sufficient collateral, robust credit scores and compliance with KYC and criminal background checks. The key differences with Dai however, is that only collateral in the form of cryptocurrencies is needed, and Dai loans are issued in a decentralized manner via smart contracts.
The stablecoin’s soft peg to the US Dollar is also another distinguishing feature, maintained through supply and demand auctions, the Dai Savings Rate (DSR) and Stability Fees. For instance, if Dai >$1, users would be incentivized to mint more Dai and lock-in additional collateral. The minting of more Dai will increase its supply and thus, bring Dai’s value back to its target price.
The DSR and Stability Fees can also be altered to incentivize less/more Dai given if prices remain sticky. The inner workings of Dai’s soft peg can be read on its auction documentation here, as well as briefly in the whitepaper.
Where can you buy Dai?
DAI tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Dai is Binance, where the most active trading pair USDT/DAI has a trading volume of $18,377,836.24 in the last 24 hours. Other popular options include Bybit and OKX.
What is the daily trading volume of Dai (DAI)?
The trading volume of Dai (DAI) is $141,895,751.14 in the last 24 hours, representing a -33.00% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Dai (DAI)?
The highest price paid for Dai (DAI) is BTC0.0002613, which was recorded on Mar 13, 2020 (over 4 years). Comparatively, the current price is -18.00% lower than the all-time high price.
What is the all-time low for Dai (DAI)?
The lowest price paid for Dai (DAI) is BTC0.00001115, which was recorded on Mar 11, 2023 (over 1 year). Comparatively, the current price is 13.40% higher than the all-time low price.
What is the market cap of Dai (DAI)?
Market capitalization of Dai (DAI) is BTC37,093.1573 and is ranked #35 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DAI tokens (3.3 Billion tokens are tradable on the market today).
What is the fully diluted valuation of Dai (DAI)?
The fully diluted valuation (FDV) of Dai (DAI) is BTC37,101.9785. This is a statistical representation of the maximum market cap, assuming total number of 3.3 Billion ETH tokens are in circulation today.
How does the price performance of Dai compare against its peers?
With a price decline of 0.00% in the last 7 days, Dai (DAI) is underperforming the global cryptocurrency market which is up 15.20%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 2.80%.
How to add Dai (DAI) to MetaMask?
Adding Dai (DAI) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import DAI as a token. You can copy DAI’s contract address (0x6b175474e89094c44da98b954eedeac495271d0f) and import it manually, or if you've installed MetaMask's chrome extension, add DAI to MetaMask with one click on CoinGecko.
Add DAI to MetaMask.