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Dai

Dai Price DAI

USD
$0.999604
-$0.000221 -0.02%
1D7D1M3M1Y YTD All

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Dai Today's Price

The real-time price of Dai today is $0.999604(DAI/USD), with a market capitalization of $5.36B USD. The 24-hour trading volume is $171.63M USD. The price of DAI to USD updates in real time. Over the past 24 hours, Dai has changed by -0.02%, with a circulating supply of 5.37B.

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About Dai

Dai is an algorithmic stability coin issued by MakerDAO, an Ethereum based protocol designed to maintain a precise ratio of one to one with the dollar. It is mainly used as a means of lending and borrowing encrypted assets without intermediaries – creating an unlicensed system with transparency and minimal restrictions.

 

The Birth of Dai

MakerDAO was first proposed by CEO and founder Rune Christensen in 2015, and the maker agreement — the infrastructure of Dai stablecoin — was launched in December 2017.

MakerDAO’s Dai model is different from other leading stablecoin. First, Dai has an unprecedented degree of decentralization. Although stablecoin such as tether (usdt) provide a cryptocurrency supported by a reserve of legal currency assets managed by a central organization, no entity controls the issuance of Dai. Instead, users who want to hold Dai submit Ethereum based assets to a smart contract that uses these assets as collateral to maintain the Dai’s peg to the dollar.

Secondly, unlike most stablecoin, which use single legal currency or cryptocurrency as collateral, Dai can use different cryptocurrencies as collateral: Ethereum (ETH), basic concern token (BAT), dollar currency (usdc), packaged bitcoin (wbtc), composite currency (COMP), etc. At the beginning of its establishment, maker protocol only supported Ethereum as collateral. However, in November 2019, the technology was updated to include bat and usdc, creating today’s multi mortgage Dai system. The increase in the number of mortgaged currencies reduces the risk of users and improves the price stability of Dai. New collateral options will continue to increase through the vote of the MakerDAO community.

Third, Dai token holders earn interest on their Dai. Those who hold MKR (maker Dao’s native governance token) set the Dai savings rate (DSR) and act as the guarantor of Dai – which means that their MKR tokens can be liquidated if the system crashes. This structure encourages the guarantor to ensure the normal operation of the Dai system and its mortgage tokens.

 

How Does Dai Token Work

Dai is an erc-20 token that can be purchased from centralized and decentralized exchanges (DEX). In addition, you can create and borrow Dai by opening a maker collateral vault through MakerDAO’s Oasis mirror dashboard and depositing Ethereum based assets as collateral. The maker collateral vault — previously known as collateralized debt positions (CDPS) in the early iterations of the maker agreement — is a smart contract that holds the collateral until the borrowed Dai is returned.

The value of the collateral you deposit must always exceed the value of the Dai you issue. If the value of the collateral is less than the value of the Dai token issued, your collateral will be liquidated. Dai is one of the most comprehensive digital assets in the blockchain ecosystem. Once borrowed, it can be used for decentralized financial (defi) applications or blockchain based games, as well as elsewhere.

 

Stability Advantages and Security Functions of Dai Holders

Dai is soft linked (or linked) to the value of the US dollar. The greater price stability brought by Dai stablecoin urges investors to regard Dai not only as a stable long-term value storage, but also as a feasible choice for daily transactions, which greatly expands the utility of blockchain technology and the whole cryptocurrency system.

 

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Dai FAQ

Why is Dai going up?

Dai's price is increasing due to demand outstripping supply, fueled by widespread adoption, positive news, and investor optimism. For in-depth analysis, visit our BTCC Academy.
 

Is Dai a good investment based on its price history?

Dai(DAI) has historically grown over time but is volatile. Investment depends on risk tolerance and long-term strategy.

When will Dai crash again?

Predicting the exact timing of a Dai crash is impossible, as the market is influenced by a complex mix of global economics, regulation, and investor sentiment.

 

For a long-term investor, understanding this cyclical nature is more valuable than trying to time the next crash. Also visit the BTCC Academy section for technical and marketing information.

What was Dai’s all-time low (ATL)?

The Dai All-Time Low (ATL) price was 0.8970032280541823, recorded on 2023-03-11 07:45. This stands as the lowest price for Dai(DAI) on record.
 

What was Dai’s all-time high (ATH)?

The Dai All-Time High (ATH) was $3.67, recorded on 2021-11-16 07:40. This represents the highest price Dai has ever reached. Please note that this is a historical record, and the live price fluctuates constantly. We recommend monitoring the live DAI price for the most up-to-date information.

How many Dai are there?

Dai(DAI) currently has a circulating supply of 5.37B, with its maximum supply capped at ∞.
 

What is the current market cap of Dai(DAI)?

The current market cap of Dai(DAI) is $5.36B. The market cap of a cryptocurrency refers to its total circulating supply multiplied by its current price.

What is Dai's 24h trading volume?

Dai's 24h trading volume is $171.63M, representing the total value of all Dai(DAI) bought and sold across exchanges in the past 24 hours.

What is the current price of Dai(DAI)?

The current Dai price is $0.999604. As the DAI price changes constantly, BTCC offers real-time DAI to USD prices that can be accessed at the top of our crypto price page.

How to Buy Dai: A Quick Guide?

Dai can be purchased directly on BTCC using fiat currency or other cryptocurrencies. As a leading crypto futures exchange, BTCC offers over 350 futures contracts with flexible leverage of up to 500x, including DAIUSDT.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.