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About RED and DAI
Redstone is falling, while Dai is climbing this week. The current RED to DAI conversion rate is 0.1345. Inversely, this means that if you convert 1 DAI you will get 7.44 RED. The conversion rate of RED/DAI has decreased by 1.22% in the last hour (DAI/RED increased by 1.24%). In the last 24 hours, RED/DAI shrunk by 2.32%, while DAI/RED grew by 2.37%.
The exchange rate of Redstone is decreasing. The current value of 1 RED is 0.1345 DAI. In other words, to buy 5 Redstone, it would cost you 0.6725 DAI. Inversely, 1 DAI would allow you to trade for 7.44 RED while 50 DAI would convert to 371.77 RED, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.73%. Meanwhile, in the last 24 hours, the rate has changed by 2.21%, and that the highest exchange rate of 1 RED to DAI was 0.1492 DAI and the lowest 24 hour value was 1 RED for 0.1337 DAI. Last month, 1 RED was worth 0.1661 DAI. Today, it's down 19.05%. Looking back a year, Redstone has changed by 0.284 DAI. That means that in a single year, the value of Redstone has shrank by 52.64%.
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
RED to DAI values from Today at 3:44 am
0.5 RED = 0.06725 DAI |
1 RED = 0.1345 DAI |
5 RED = 0.6725 DAI |
10 RED = 1.34 DAI |
50 RED = 6.72 DAI |
100 RED = 13.45 DAI |
500 RED = 67.25 DAI |
1,000 RED = 134.49 DAI |
DAI to RED values from Today at 3:44 am
0.5 DAI = 3.72 RED |
1 DAI = 7.44 RED |
5 DAI = 37.18 RED |
10 DAI = 74.35 RED |
50 DAI = 371.77 RED |
100 DAI = 743.54 RED |
500 DAI = 3,717.71 RED |
1,000 DAI = 7,435.41 RED |
RED to DAI over time
RED | Today | 24H -2.26% | 1M -23.53% | 1Y -111.15% |
|---|---|---|---|---|
0.5 RED | 0.06725 DAI | 0.06877 DAI | 0.08307 DAI | 0.142 DAI |
1 RED | 0.1345 DAI | 0.1375 DAI | 0.1661 DAI | 0.284 DAI |
5 RED | 0.6725 DAI | 0.6877 DAI | 0.8307 DAI | 1.42 DAI |
10 RED | 1.34 DAI | 1.38 DAI | 1.66 DAI | 2.84 DAI |
50 RED | 6.72 DAI | 6.88 DAI | 8.31 DAI | 14.20 DAI |
100 RED | 13.45 DAI | 13.75 DAI | 16.61 DAI | 28.40 DAI |
500 RED | 67.25 DAI | 68.77 DAI | 83.07 DAI | 141.99 DAI |
1,000 RED | 134.49 DAI | 137.53 DAI | 166.13 DAI | 283.98 DAI |
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.