Current DAI Price Overview
- Price: $1.00006 (≈ ¥7.165)
- 24h Change: -0.02%
- Market Cap Rank: #37
- Last Updated: Moments ago
Key Metrics
| Metric | Value |
|---|---|
| 24h High | $1.00110 |
| 24h Low | $0.999646 |
| All-Time High (ATH) | $1.46991 |
| All-Time Low (ATL) | $0.720637 |
| 24h Trading Volume | $37.5M |
| Circulating Supply | 5.365B DAI |
| Market Cap | $536.57M |
| Fully Diluted MCap | $536.6M |
What Is DAI?
DAI is a decentralized stablecoin pegged 1:1 to the US dollar, launched on December 25, 2017, by MakerDAO. Unlike centralized stablecoins (e.g., USDT), DAI maintains its peg through smart contract algorithms and collateralized debt positions (CDPs) on the Ethereum blockchain.
How DAI Works
- Collateral Backing: Users lock ETH or other crypto assets in Maker Vaults to generate DAI.
- Price Stability: Automated feedback mechanisms adjust supply/demand to keep DAI at $1.
- Decentralization: Managed by MakerDAO’s community governance (MKR token holders).
👉 Discover how DAI compares to other stablecoins
DAI Market Performance
- 30-Day Trend: +0.01%
- Liquidity: High (100% circulating supply in use).
- Volatility: Extremely low (24h fluctuation: 0.15%).
Adoption Drivers
- DeFi Integration: Widely used in lending protocols (Aave, Compound) and DEXs (Uniswap).
- Censorship Resistance: No central authority can freeze funds.
FAQ
Q: Is DAI safe to use?
A: Yes, its overcollateralization model and decentralized governance reduce counterparty risk.
Q: Where can I buy DAI?
A: Purchase DAI on major exchanges like Binance or Coinbase, or mint it directly via MakerDAO.
👉 Explore DAI trading strategies
Q: How is DAI different from USDC?
A: USDC is centralized (issued by Circle), while DAI is algorithmically stabilized by code.
Historical Context
- 2017: Launched as the first trustless stablecoin.
- 2020: Surged during "DeFi Summer" as a cornerstone of yield farming.
- 2024: Maintains top-40 market cap despite crypto market downturns.
Conclusion
DAI exemplifies stablecoin innovation, combining price stability with Ethereum’s security. Its decentralized nature makes it a preferred choice for Web3 users.
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