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Dai (DAI) price, chart, coin profile and news

Find the latest Dai (DAI) price, coin profile, news and history to get you started with Dai trading and investing.

+ $0.0016 ( + 0.16%)

What is Dai?

One of the key barriers to the widespread adoption of cryptocurrencies is their volatility. Bitcoin, Ethereum and other major digital currencies regularly experience substantial price fluctuations. To counter this, stablecoins – tokens pegged to the value of an underlying asset – were introduced.

MakerDAO is the company behind Maker, a smart contracts platform designed to back and stabilise the value of the Dai stablecoin.

DAI is a collateral-backed cryptocurrency designed to have a stable value relative to the US dollar. Anyone who has Ethereum assets can leverage them to generate Dai on the Maker platform through smart contracts known as Collateralised Debt Positions, or CDPs.

Dai (DAI) is the 20th largest cryptocurrency in the world by market cap, valued at $5,117,967,762. The current price of Dai is $1, which is -0.066% lower than yesterday. Prices have ranged between $1.002 and $0.992153 over the past 24 hours. All prices are listed in US dollars and accurate as of February 06, 2023 08:02 UTC.

Dai (DAI) price

Use our graph to track the performance of (DAI) over time.

Dai at a glance

Information last updated February 06, 2023 08:02 UTC.
Coin symbol DAI
Coin Marketcap US$5,117,967,762
Total DAI supply 5,116,144,908
Circulating DAI 5,116,144,908
Current price US$1
All time high US$1.22
All time high date March 13, 2020
Notable team members Rune Christensen
Partnerships Althea, Axie Infinity
Industry Stablecoins
Token uses Stablecoin
Network Ethereum

Dai price performance over time

Historical prices compared with the price of US$1.

1 hour 0.07%
24 hours -0.07%
7 days 0.00%
14 days -0.04%
30 days -0.08%
60 days -0.01%
200 days 0.14%
1 year 0.02%

Disclaimer: Cryptocurrencies, including Dai, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DAI is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Dai or any other cryptocurrency discussed.

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