Dai price
Current price
$1.00
+0.30% 24h
Live Updated just now
Of the exchanges we read, only Kraken has a current price for Dai, so the price is the last trade there, with no other exchange to check it against.
Today Dai holds its $1 peg.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour +0.08%
- 24 hours +0.30%
- 7 days +0.55%
- 30 days +0.08%
- 1 year +0.16%
Dai's move in context
Built to stay at $1
Dai has stayed within 2% of one US dollar all week, as a dollar stablecoin is built to, so small moves like +0.30% are normal.
Beating the market today
+0.30% in 24 hours against −0.55% for the market as a whole, a gap of 0.9 points. Small gaps like this are common, so they don't point to anything specific.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$242.74K traded in the last 24 hours on the exchanges we read, about 2.3 times its usual day.
Part of a climb
+0.6% over 7 days and +0.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade Dai
So far we've found Dai on Kraken, among the exchanges we read.
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About Dai
DAI: A Stablecoin for the Decentralized Financial System
DAI is a decentralized stablecoin built on the Ethereum blockchain, designed to maintain a stable value relative to the US dollar. Unlike traditional stablecoins, which are typically backed by fiat currency reserves, DAI is collateralized by a diverse range of cryptocurrencies, including Ether (ETH) and other assets, through the MakerDAO protocol. This decentralized approach to stability allows DAI to operate without the need for a central authority, making it a key component of the decentralized finance (DeFi) ecosystem.
Key Aspects of DAI
Decentralized Collateralization: DAI is created and maintained through the MakerDAO protocol, which allows users to lock up cryptocurrency assets in smart contracts as collateral. In return, users receive DAI tokens that can be used for various purposes, including trading, lending, and payments. The value of DAI is stabilized through a system of over-collateralization, where the value of the locked assets exceeds the value of the issued DAI. This ensures that DAI remains fully backed by collateral at all times.
Stability Mechanisms: The stability of DAI is maintained through a combination of automated mechanisms and governance decisions. When the value of the collateralized assets falls below a certain threshold, the MakerDAO protocol automatically liquidates the collateral to maintain the value of DAI. Additionally, the MakerDAO community can vote on changes to the protocol, such as adjusting the collateralization ratio or interest rates, to ensure the continued stability of DAI.
Use Cases in DeFi: DAI is widely used in the decentralized finance ecosystem, serving as a stable and reliable medium of exchange, unit of account, and store of value. It is commonly used in DeFi protocols for lending, borrowing, and earning interest. DAI's stability and decentralization make it an attractive option for users looking to participate in DeFi without exposing themselves to the volatility of other cryptocurrencies. It is also used in various decentralized exchanges (DEXs) and liquidity pools, providing liquidity and stability to the DeFi market.
Global Adoption and Accessibility: DAI's decentralized nature allows it to be accessible to anyone with an internet connection, making it a valuable tool for financial inclusion. It has been adopted by users and projects around the world, particularly in regions where access to stable fiat currency is limited. DAI's ability to maintain a stable value in a decentralized manner makes it a reliable option for cross-border payments, remittances, and savings.
Governance and Community: The governance of DAI is managed by the MakerDAO community, which includes holders of the MKR governance token. MKR holders can propose and vote on changes to the MakerDAO protocol, ensuring that the system remains responsive to the needs of its users. This decentralized governance model allows the community to make decisions that align with the long-term stability and growth of DAI.
Challenges and Risks: While DAI offers many advantages, it also faces challenges, including the risk of collateral volatility and the complexity of the MakerDAO system. The value of the collateral backing DAI can fluctuate, potentially leading to liquidations and instability if not properly managed. Additionally, the decentralized governance model requires active participation from the community, and decisions made by the majority may not always align with the best interests of all stakeholders.
Dai market
- Position by market cap among the coins we track whose circulating supply is checked.
- #23
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $3.65B
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $242.74K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.9870 High $1.00
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $1.22
- Now 82% of it Reached 13 Mar 2020 · Needs +22% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 3.65B DAI
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 4.55B DAI
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Dai converter
1 Dai = $1.00
