Dai (DAI) price today is $ 0.9999 with a 24-hour trading volume of $ 106.91M, market cap of $ 3.61B and market dominance of 0.09421%. The Dai (DAI) price changed 0.01454% in the last 24 hours. Dai (DAI) price in US dollars is changed by 0.1922% over the last 1 year. Over the past year, Dai (DAI) has changed by 21% against Ethereum and 56% against Bitcoin. Dai (DAI) total volume is now $ 106.91M, 0.002792% of the total cryptocurrency market volume in the last 24 hours.
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Live Dai Price Chart & Market Cap
The DAI (Multi-Collateral Dai) price today is a key focus for investors monitoring the decentralized finance (DeFi) ecosystem. This stablecoin is designed to maintain a 1:1 peg with the US dollar, making it a popular choice for those seeking stability in the highly volatile cryptocurrency market. DAI’s unique structure, backed by a variety of assets, ensures its resilience and reliability.
Multi-Collateral Dai Price Live Data
| Dai Price The price of DAI is calculated in real-time by aggregating data from multiple exchanges using a global volume-weighted average, reflecting the most accurate market value. $ 0.9999 | ATH The ATH is the highest price DAI has reached since its launch, indicating its peak market value. $ 1.22 | Circ. Supply Circulating Supply is the total number of DAI tokens currently available and trading in the market. 3 606 987 425.27 |
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Market Cap
Market Cap = Current Price × Circulating Supply
It represents the total market value of all circulating DAI tokens, similar to a stock’s market capitalization. $ 3 606 973 328.00 |
ATH Date The ATH Date is the specific day when DAI achieved its highest market price. 2020-03-13 00:00:00 | Total Supply Total Supply is the total amount of DAI tokens that exist, including both circulating and non-circulating tokens. 3 606 987 425.27 |
| 24H Volume 24H Volume shows the total trading volume of DAI across all tracked platforms in the last 24 hours. $ 106 910 086.00 | ATL The ATL is the lowest price DAI has ever reached, showing its minimum market value. $ 0.8819 | Max Supply Max Supply is the maximum number of DAI tokens that will ever exist, as defined by its protocol. 0 |
| Platform DAI runs on the Dai blockchain, indicating its underlying technology. Dai | ATL Date The ATL Date marks when DAI recorded its lowest market price. 2023-03-11 00:00:00 | |
| Release Date The Release Date is when DAI was officially introduced to the public market. |
| Dai Price The price of DAI is calculated in real-time by aggregating data from multiple exchanges using a global volume-weighted average, reflecting the most accurate market value. $ 0.9999 |
Market Cap
Market Cap = Current Price × Circulating Supply
It represents the total market value of all circulating DAI tokens, similar to a stock’s market capitalization. $ 3 606 973 328.00 |
24H Volume 24H Volume shows the total trading volume of DAI across all tracked platforms in the last 24 hours. $ 106 910 086.00 | Platform DAI runs on the Dai blockchain, indicating its underlying technology. Dai | Release Date The Release Date is when DAI was officially introduced to the public market. | ATH The ATH is the highest price DAI has reached since its launch, indicating its peak market value. $ 1.22 | ATH Date The ATH Date is the specific day when DAI achieved its highest market price. 2020-03-13 00:00:00 | ATL The ATL is the lowest price DAI has ever reached, showing its minimum market value. $ 0.8819 | ATL Date The ATL Date marks when DAI recorded its lowest market price. 2023-03-11 00:00:00 | Circ. Supply Circulating Supply is the total number of DAI tokens currently available and trading in the market. 3 606 987 425.27 | Total Supply Total Supply is the total amount of DAI tokens that exist, including both circulating and non-circulating tokens. 3 606 987 425.27 | Max Supply Max Supply is the maximum number of DAI tokens that will ever exist, as defined by its protocol. 0 |
Real-time data for Multi-Collateral Dai is essential for traders who need up-to-the-minute price movements. The DAI (Multi-Collateral Dai) price today remains stable, but market dynamics can lead to minor fluctuations depending on demand and the collateral backing the token. Access to live price feeds across major exchanges keeps investors informed of any shifts in value.
Global Multi-Collateral Dai (DAI) Prices
Across the world, DAI remains widely available, with global prices closely following the price of Multi-Collateral Dai in USD. The stablecoin’s international appeal comes from its decentralized nature and ability to remain relatively immune to local currency fluctuations. Exchanges facilitate the easy conversion of DAI into local fiat currencies, making it a versatile option for global transactions.
What Is the Current Value of 1 DAI?
The value of 1 DAI is designed to mirror 1 USD, offering predictability in trading and savings. Due to its pegged structure, DAI (Multi-Collateral Dai) rarely deviates from this 1:1 ratio, providing confidence to users who need a stable asset in the cryptocurrency space. However, fluctuations can occur, particularly during high demand or low liquidity.
- DAI/USD 0.9999
- DAI/EUR 0.9733
- DAI/GBP 0.8219
- DAI/AUD 1.61
- DAI/CNY 7.32
- DAI/INR 86.54
- DAI/JPY 156.32
- DAI/KRW 1 454.73
- DAI/TRY 35.43
- DAI/PLN 4.15
- DAI/BRL 6.06
- DAI/RUB 102.39
Overview of Multi-Collateral Dai (DAI)
DAI is a decentralized, asset-backed stablecoin created by MakerDAO. Unlike traditional stablecoins, Multi-Collateral Dai is not solely backed by fiat but by a range of assets, including cryptocurrencies such as Ethereum. This diversification ensures the stability of the token, even in times of market volatility. MakerDAO's governance allows users to vote on changes to the collateral types and stability fees, contributing to the decentralized nature of the project.
Key Features of DAI
DAI (Multi-Collateral Dai) offers several distinct features:
- Stability: Pegged to the US dollar, ensuring minimal price fluctuation.
- Decentralization: Unlike other stablecoins, it is governed by the MakerDAO community.
- Backed by multiple assets: Its multi-collateral system provides flexibility and security.
Widely accepted: Available on numerous exchanges, wallets, and DeFi platforms.
Historical Price Trends for Multi-Collateral Dai
The price history of DAI (Multi-Collateral Dai) shows its consistent ability to hold its value close to 1 USD. Occasional deviations from this price occur due to extreme market conditions, but the design of the Maker Protocol quickly brings the price back in line. Since its introduction, DAI has grown to become one of the most trusted stablecoins, maintaining its peg through robust governance and collateral management.
Multi-Collateral Dai (DAI) Supply Overview
DAI's supply is elastic and adjusts based on the demand for loans within the MakerDAO ecosystem. When users lock up collateral to mint DAI, the total supply increases. When loans are repaid, the DAI supply contracts. This mechanism ensures that DAI's supply can meet demand while maintaining its price stability.
Market Cap of Multi-Collateral Dai
The market cap of DAI (Multi-Collateral Dai) is a reflection of its growing role in the DeFi space. As more users turn to DAI for stability in their financial activities, its total value locked (TVL) continues to rise. The market cap is directly influenced by the amount of collateral held in Maker Vaults and the overall demand for the token across exchanges.
Understanding DAI's Value
The value of DAI (Multi-Collateral Dai) is intrinsically tied to the collateral that backs it. Its multi-asset backing ensures that the token can maintain its 1 USD peg, even during periods of market stress. The stability of DAI makes it an essential tool for users looking to avoid the volatility of other cryptocurrencies while still participating in decentralized finance.
Mining Multi-Collateral Dai: What to Know
Unlike traditional cryptocurrencies, DAI is not mined. Instead, it is generated when users lock up assets as collateral within the MakerDAO system. This process allows users to mint DAI by providing crypto assets, which ensures the stability of the token. As there is no mining process, DAI's supply is controlled through collateralization rather than computational power.
How to Secure a DAI Wallet
Storing DAI requires a compatible wallet that supports ERC-20 tokens, as it operates on the Ethereum blockchain. Popular wallets like MetaMask, Ledger, and Trezor offer support for DAI, providing users with secure storage solutions. Given its widespread use in DeFi, DAI can also be stored in wallets integrated with DeFi protocols, offering the possibility of earning yield on held tokens.
Dai - FAQ
Multi-Collateral Dai (DAI) is a decentralized stablecoin that maintains its peg to the US dollar through a system of collateralized debt. Users can lock up cryptocurrency assets in the Maker Protocol to mint new DAI. The system is governed by the MakerDAO community, which ensures that the peg remains intact.
To buy DAI, users can visit major cryptocurrency exchanges that support the stablecoin. How to buy Multi-Collateral Dai (DAI) is straightforward, with options to trade DAI for other cryptocurrencies or fiat currencies. Exchanges like Binance, Coinbase, and Kraken offer trading pairs with DAI.
While DAI is not designed for speculative investments, it is a useful tool for those looking to hedge against volatility in the cryptocurrency market. Its stable nature makes it ideal for preserving value rather than generating speculative profits.
Though DAI itself is stable, users can earn returns by participating in DeFi activities such as liquidity provision or Yield Farming. This allows users to make money with DAI by leveraging its stability in decentralized applications.
Users can cash out DAI by converting it back to fiat currencies through exchanges. The stablecoin's wide acceptance ensures that it can be easily traded for local currencies.
Yes, Multi-Collateral Dai is considered safe due to its decentralized governance and over-collateralized structure. The system has proven resilient during market downturns, with the MakerDAO community actively managing risk.
DAI is legal in most jurisdictions as a stablecoin. However, users should always check local regulations, especially as governments begin to introduce more stringent cryptocurrency regulations.
No, Multi-Collateral Dai is not classified as a security. It functions as a stablecoin, with its value directly tied to the US dollar and collateralized by a variety of assets.
DAI
Dai
$0.9999
0.01454% Last 24h
$0.9999
0.01454% Last 24h