Dai Price (DAI), Market Cap, Price Today & Chart History - Blockworks (2024)

FAQs

Dai Price (DAI), Market Cap, Price Today & Chart History - Blockworks? ›

The live Dai price today is $1.00 with a 24-hour trading volume of $55.24M. The table above accurately updates our DAI price in real time. The price of DAI is down -0.12% since last hour, down -0.19% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $5.19B.

The all-time high of Dai is $1.37.

The supply of DAI is based entirely on demand. When a user deposits ETH or any other supported ERC20 token into the Market platform to use as collateral, DAI is created and eventually loaned to the user at a collateral-to-loan ratio of 66%, which increases the overall supply of DAI.

Is DAI crypto a good investment? DAI, a stablecoin designed to maintain a value of $1, has become popular for its stability and decentralisation. As the crypto market grows and stabilises, DAI could be a favourable investment for those seeking a reliable digital asset.

— While most stablecoins are backed by fiat currencies or commodities and managed by centralized entities, DAI is backed by crypto and managed by a decentralized organization (DAO).

Market capitalization of Dai (DAI) is $5,139,972,173 and is ranked #22 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DAI tokens (5.1 Billion tokens are tradable on the market today).

Dai Price Summaries

DAI is +0.02% in the last 24 hours. It is currently -1.13% from its 7-day all-time high of $1.01, and 0.98% from its 7-day all-time low of $0.9914. DAI has a circulating supply of 5.37 B DAI.

Is it safe to invest in DAI? ›

Dai's safety is derived from its decentralized nature, transparency, and the collateralization of assets. While no investment is entirely risk-free, Dai's design aims to mitigate risks associated with price volatility and centralization.

It is a token of the Ethereum network. Low volatility - Dai's value is pegged to the U.S. dollar, making it immune to price swings. High liquidity - Dai is in high demand and can easily be sold off for cash. Easy to spend and swap - Dai is widely accepted by merchants across the world.

DAI is soft-pegged (or correlated) to the value of the U.S. dollar.

Maker, the organization that has been issuing so-called stablecoin DAI since December 2017, has decided to introduce the ability to remotely freeze some of its stablecoins.

DAI has always been employee-owned. As the company expanded outside the United States, however, we recognized the need to extend ownership to our global workforce.

USDT is widely used in trading and transfers, but DAI has an advantage because of its suitability in the DeFi sphere due to its greater transparency.

Current USD to DAI exchange rate

1 USD equals 1.00 DAI. The current value of 1 United States Dollar is +0.01% against the exchange rate to DAI in the last 24 hours. ​ The current Dai market cap is $5.06B.

DAI (or DAI, formerly Sai or SAI) is a stablecoin token on the Ethereum blockchain which uses smart contracts designed to control supply to keep its value as close to one United States dollar as possible.