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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 28th largest cryptocurrency in the world by market cap, valued at $4,818,187,924. The current price of Dai is $1.5370201, which is -0.161% lower than yesterday. Prices have ranged between $1.54308 and $1.5333164 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of March 27, 2024 06:03 UTC.
Recent Dai developments
March 11, 2023: The price of DAI depegged and fell to 87 cents USD in line with USDC. This was due to DAI being largely collateralised by USDC. USDC's parent company, Circle, revealed it was affected by the closure Silicon Valley Bank which caused the price of USDC to fall.
Dai (DAI) price
Use our graph to track the performance of (DAI) over time.How we keep this Dai guide up-to-date
- DAI price data is regularly updated through data feeds so you always have the latest information.
Dai at a glance
Information last updated March 27, 2024 06:03 UTC.
| Coin symbol | DAI |
|---|---|
| Coin Marketcap | AUD$4,818,187,924 |
| Total DAI supply | 4,832,347,676 |
| Circulating DAI | 4,832,347,676 |
| Current price | AUD$1.5370201 |
| All time high | AUD$2.8952 |
| 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 $1.5370201.
| 1 hour | 0.03% |
|---|---|
| 24 hours | -0.16% |
| 7 days | -0.18% |
| 14 days | -0.17% |
| 30 days | -0.18% |
|---|---|
| 60 days | -0.22% |
| 200 days | -0.16% |
| 1 year | -0.05% |
Coins similar to Dai
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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