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Dai (DAI)
DAI Price
Market Cap (24H)
Volume (24H)
Circulating Supply
Transp. Vol.
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Dai (DAI) is the first decentralized stablecoin on the Ethereum blockchain. It is soft pegged to the US Dollar meaning ...Read more

Dai Price (DAI)

DAI Daily Performance

Today's Dai price is $0.996393, which is down 1% over the last 24 hours. Dai's market cap is $5.38B. 24 hour DAI volume is $17.88M. It has a market cap rank of 18 with a circulating supply of 5,401,719,963 and max supply of 5,401,719,963. Dai is traded on exchanges. Dai had an all-time high of $1.1526 almost 5 years ago. Over the last day, Dai has had 0% transparent volume and has been trading on 3,472 active markets with its highest volume trading pairs being .

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Dai Statistics

Dai Price (24hr)$0.996393 (-0.54%)
Market Cap$5.38B (-0.71%)
Trading Volume (24hr)$17.88M (-10.08%)
Transparent Vol. (24hr)
Transparency GradeUnknown
Circulating Supply5,401,719,963 (100.00%)
All-Time High
7D Price Prediction


Price Change
-$0.005387 (-0.54%)

All-Time High

Date of ATH
Days Since ATH
% of ATH86.45%
Price vs ATH

Market Cap

Mkt Cap Change
-$38.58M-$38,582,032 (-0.71%)
Mkt Cap Rank18
Mkt Dominance
Mkt Dominance

Circulating Supply

Max Supply5,401,719,963
% in Circulation100.00%
% in Circulation

About Dai

Dai (DAI) is the first decentralized stablecoin on the Ethereum blockchain. It is soft pegged to the US Dollar meaning the value of 1 Dai is roughly equivalent to $1 USD. As an ERC20 token, anyone with an Ethereum wallet can own, accept, and transfer Dai.

Because the price of popular cryptoassets like Bitcoin and Ether are so volatile, few people are using them for everyday purchases. That is why stablecoins were invented. Stablecoins are cryptocurrencies that are pegged to other stable assets. Unlike centralized stablecoins (for example Tether), the stability of Dai does not rely on a trusted third party. Dai’s price is maintained using smart contracts and external financial incentives that keepers take advantage of. A keeper is an independent actor (usually automated), who among other things, buys Dai when the market price is below the Target Price (i.e., $1 USD) and sells Dai when the market price is higher than the Target Price in order to gain a profit.

Dai is created when a user takes on a Collateralized Debt Position (CDP). By depositing collateral (e.g., ether) in an Ethereum smart contract, a portion of the value of the locked assets are paid out in Dai. Just like holding any other cryptocurrency, Dai can be used for various purposes: trading, payments, personal savings account, etc. To reclaim the collateral from the CDP, the user must repay the borrowed Dai along with an extra stability fee.

Users can also purchase Dai directly from a broker or exchange.

Dai is part of the two-token system on the Maker platform. Dai is the stablecoin targeting a value of $1 per unit, and Maker (MKR) is the utility token used to pay fees on Dai loans. The Maker token also enables holders to contribute to platform governance by voting on proposals like increasing or decreasing the stability fee. Where Dai is for everyday use, Maker - which is not a stablecoin - is specifically for people who want to help govern the Maker platform.

The MakerDAO (Decentralized Autonomous Organization), co-founded by Rune Christiensen in 2014, is made up of the Maker platform technical infrastructure and the community of Maker token holder (i.e., voters).

As of the time of this writing, MakerDAO has raised $27 million from investors including Andreessen Horowitz, Polychain Capital, FBG Capital, Walden Bridge Capital, Distributed Capital Partners, Wyre Capital, and more.

MakerDAO is headquartered in Santa Cruz, California and also has offices in New York, Copenhagen, and Warsaw.

Maker and Dai launched together on the Ethereum blockchain in December of 2017.

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Dai Markets

(Top 10)

Dai Historical Data

(Past 7 Days)

Frequently Asked Questions

  • What’s the current Dai price? How much is 1 Dai worth?

    The price of 1 Dai is $0.996393. Over the last 24 hours, a Dai is worth -0.54% less. Visit our currency converter page to convert DAI prices to currencies other than USD.
  • When did Dai start?

    The earliest trading data for Dai is on December of 2017 (based on current exchange data).
  • How high can the Dai price go?

    Dai’s price has gone as high as $1.1526 (which is DAI’s all-time high). It achieved this price almost 5 years ago. Speculations abound for how high Dai’s price will get in the future.
  • What's the smart contract address for Dai?

    Dai's smart contract address is 0x6b175474e89094c44da98b954eedeac495271d0f.

Today's DAI / Dai News for March 21, 2023


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