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Dai

DAI

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Market

Market stats

Market cap

$5.3B

Volume (24h)

$380.5M

Circulating supply

5.3B DAI

Typical hold time

8 days

Popularity

#21

All time high

$1.37

Price change (1h)

-0.01%

Price change (24h)

-0.01%

Price change (7d)

+0.01%

About Dai

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.

Dai (DAI) is a stablecoin, a type of cryptocurrency that strives to keep its value stable relative to a specific asset or a pool of assets. In the case of Dai, it is soft-pegged to the U.S. dollar. It operates on the Ethereum blockchain and is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization. Unlike other cryptocurrencies, Dai is not created by a single entity or a small group of founders. Instead, its development and issuance are governed by the MakerDAO and Maker Protocol, which are managed democratically by the holders of its Maker (MKR) governance tokens.

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Coinbase Bytes

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Dai is on the rise this week.

The price of Dai has decreased by 0.01% in the last hour and decreased by 0.01% in the past 24 hours. Dai’s price has also risen by 0.01% in the past week. The current price is $1.00 per DAI with a 24-hour trading volume of $380.51M. Currently, Dai is valued at 26.85% below its all time high of $1.37. This all-time high was the highest price paid for Dai since its launch.

The current circulating supply of Dai is 5,347,888,595.746 DAI which means that Dai has as total market cap of 5,347,888,595.746.

FAQ

What is the current price of Dai?

We update our Dai to USD currency in real-time. Get the live price of Dai on Coinbase.

What is the market cap of Dai?

The current market cap of Dai is $5.35B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Dai?

The all-time high of Dai is $1.37. This all-time high is highest price paid for Dai since it was launched.

What is the 24 hour trading volume of Dai?

Over the last 24 hours, the trading volume of Dai is $380.51M.

What other assets are similar to Dai?

Assets that have a similar market cap to Dai include Chainlink, Polkadot, Polygon, and many others. To see a full list, see our comparable market cap assets.

How many Dai are there?

The current circulating supply of Dai is 5.3 billion.

What is the typical holding time of Dai?

The median time that Coinbase customers hold Dai before selling it or sending it to another account or address is 8 days.

What is the relative popularity of Dai?

Dai ranks 59 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Dai?

Currently, 97% of Coinbase users are buying Dai. In other words, 97% of Coinbase customers have increased their net position in Dai over the past 24 hours through trading.

Can I buy Dai on Coinbase?

Yes, Dai is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Dai guide.

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Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.