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Single Collateral DAI (SAI)

SAI Price
$9.8501
96.92%
Market Cap
$52.97M
96.92%
Volume
$243,070
-57.25%
Transp. Vol.
0%Unknown
Grade
D gradeD grade
Rank

SAI / Single Collateral DAI Price

(year to date)
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Single Collateral DAI Year-to-Date Performance

As of today, the last reported SAI price is $9.8501. Single Collateral DAI's last market cap was $52.97M. Year to date SAI volume is $243,070. It has a market cap rank of with a circulating supply of 5,377,470 and max supply of 5,377,470. Single Collateral DAI is traded on exchanges. Single Collateral DAI had an all-time high of $9.8501 about 1 month ago. Since the year began, Single Collateral DAI has had 0% transparent volume and has been trading on 64 active markets with its highest volume trading pairs being .

SAI Data Highlights
Single Collateral DAI Price (ytd)$9.8501 (96.92%)
Market Cap$52.97M (96.92%)
Trading Volume (ytd)$243,070 (-57.25%)
Transparent Vol. (ytd)
0% Unknown
Transparency GradeD gradeD grade(Poor)
Circulating Supply5,377,470 (100.00%)
7D Price Prediction
N/A
1st 1D CandleJan '18
1st TradeJan '18
1st OrderbookNov '19
Exchanges15
Trading Pairs64
Updated1 month

Single Collateral DAI Statistics

Price

$9.8501
Price Change
$4.8479 (96.92%)

All-Time High

$9.8501
Date of ATH3/9/2021
Days Since ATH36
% of ATH100.00%
Price vs ATH

Market Cap

$52.97M
Mkt Cap Change
$26.07M$26,069,689 (96.92%)
Mkt Cap Rank
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

5,377,470
Max Supply5,377,470
% in Circulation100.00%
% in Circulation

Volume

$243,070$243,070
Vol. Change
-$325,513-$325,513 (-57.25%)
Exchange VolumeUnknown

Transparent Volume

0%
Transparent Volume (Δ)
Unknown
Transparent Volume
D - 100%

About Single Collateral DAI

Single Collateral DAI is a stable cryptocurrency issued by the California-based project MakerDAO. On November 18th, 2019, MakerDAO released a new Multi-Collateral DAI token minted in the new system supporting multi collaterals. The previous Single Collateral DAI received a new name SAI. Another change refers to MakreDAO’s Collateralized Debt Position (CDP) which was replaced with the new term “Vault” on the same day.

Up until the specified date, the stable coin DAI issued by MakerDAO was backed only by ethers. On the date mentioned above, MakerDAO added BAT (Basic Attention Token) to the collateral and renamed its key product into Multi-Collateral DAI token. Also, the MakerDAO community is going to add other cryptocurrencies such as DigixDAO (DGD), Augur (REP), OmiseGo (OMG) and others into the basket. The older version under the ticker SAI (Single Collateral DAI) can be easily migrated to the new one on the project’s website.

MakerDAO aims to provide the cryptocurrency market with a solution to reduce the everchanging prices of digital assets. The platform issues stable cryptocurrencies with the value pegged to USD and backed by cryptocurrencies.

Although MakerDAO is not the first and the only one project to set such goals, it’s the only one to provide a solution that follows the key principles of blockchain staying truly transparent and decentralized. Tether, one of the most popular stable coins that are represented in the market at the time of writing, has an opaque issuance model. It claims that for every US dollar that users send to the company’s vault, they issue 1 USDT and thus maintain the stable price of their currency. When currencies are changed backwards, USDT gets burned. But the company doesn’t reveal how they manage to cover the transaction fees leaving a lot of space for hiding the traces. In addition, Tether has been repeatedly accused of market manipulations in conjunction with Bitfinex, one of the biggest cryptocurrency exchange platforms which doesn’t add points to its reputation.

Maker, on the contrary, builds its solution solely on the blockchain technologies, Ether as collateral and smart contracts which help them to conduct all transactions with the maximum transparency. The project has never been subject to any accusations and maintains its reputation in a pretty clean state.

The project is headed by Rune Christensen (CEO and Founder) and Steven Becker (the President and COO). Other team members include Wouter Kampmann, Jeremy Hollister, Coulter Mulligan and many more.

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Single Collateral DAI Markets

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Single Collateral DAI Historical Data

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Today's SAI / Single Collateral DAI News for April 14, 2021

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