Real-Time DAI Price Analysis
The current live price of Dai is $0.9980**, with a 24-hour trading volume of **$40,116,969. Over the past day, the price has increased by 0.11%, while it decreased by 0.13% over the last 7 days. The current market capitalization of Dai stands at $5,354,622,530, with a circulating supply of 5,365,382,703 DAI tokens. Dai currently ranks #28 in the cryptocurrency market.
Dai's price today is 72.79% below its all-time high and 159.58% above its historical low.
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All data and prices are updated in real time.
What Is Dai?
Dai (DAI) is an ERC-20 stablecoin operating on the Ethereum blockchain. Unlike centralized stablecoins like Tether (USDT), Dai is fully decentralized and soft-pegged to the US dollar. Its stability is maintained by market mechanisms such as the Dai Savings Rate (DSR) and collateralized debt positions (CDPs).
Key Features of Dai:
- Decentralization: Managed by MakerDAO’s governance token (MKR) holders.
- Stability: Pegged to the dollar to minimize volatility.
- Passive Income: Earn interest via the Dai Savings Rate (DSR).
- Transparency: All transactions are recorded on the Ethereum blockchain.
How Does Dai Work?
Dai enables decentralized lending and borrowing through Maker Vaults:
- Users deposit supported collateral (e.g., ETH, USDC).
- Generate Dai against the collateral.
- Repay the Dai loan plus a "stability fee" (interest) to reclaim collateral.
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What Is MakerDAO?
MakerDAO is a decentralized autonomous organization (DAO) governing the Dai stablecoin. Its ecosystem includes:
- DAI: The stablecoin for everyday use.
- MKR: A governance token for voting on protocol changes.
Developed by Rune Christensen, MakerDAO operates without centralized control, relying on smart contracts and community governance.
FAQ
What was DAI’s highest price?
DAI peaked at $3.67 on November 16, 2021.
What was DAI’s lowest price?
DAI’s all-time low was $0.3845 on December 11, 2022.
Where can I buy DAI?
Popular exchanges include Binance, KuCoin, and Kraken.
How is DAI different from USDT?
Unlike Tether (USDT), Dai is decentralized and governed by a DAO.
Is DAI a good investment?
As a stablecoin, DAI is designed for stability, not speculation. It’s ideal for hedging against crypto volatility.
Data sourced from real-time market updates. For educational content on crypto, explore our learning hub.