DAI Price Today
- Ranking: #23
- Current Price: $1.00
- 24h Range: $1.00 (Low) – $1.00 (High)
Market Overview
- Market Cap: $5,365,408,192 (0.00% change)
- Fully Diluted Market Cap: $5,365,408,192
- Trading Volume: $18,546,495,038 (1.37% change)
- Volume/Market Cap Ratio: 3.4567
Supply Metrics
- Circulating Supply: 5,365,382,702.66 DAI
- Max Supply: Unlimited
- Total Supply: 5,365,382,703 DAI
DAI (DAI) to USD Chart
The real-time DAI price is $1.00**, maintaining a stable peg to the USD. Over the past week, DAI saw a minor increase of **0.02%**. With a market cap of **$5.37B, DAI ranks #23 among cryptocurrencies.
👉 Discover how DAI compares to other stablecoins
The Basics of DAI
DAI is a decentralized stablecoin launched in 2017 by Maker Protocol. Unlike centralized stablecoins like Tether (USDT) or USD Coin (USDC), DAI is governed by MakerDAO, a Decentralized Autonomous Organization (DAO). Key features:
- Multi-collateral backing: Supported by crypto assets (e.g., ETH) instead of fiat reserves.
- Volatility-resistant: Pegged 1:1 to the USD, ideal for hedging crypto market swings.
- DAO-controlled: Operated transparently by community governance.
How DAI Works
- Ethereum Foundation: DAI runs on Ethereum (ERC-20) but is also available on Layer 2 networks like Arbitrum and Polygon for lower fees.
- Collateralized Loans: Users lock ETH in smart contracts to mint DAI, which must be repaid to reclaim collateral.
- Yield Opportunities: The DAI Savings Rate (DSR) offers up to 7% APY for stakers.
👉 Learn about earning with DAI Savings Rate
Maintaining the USD Peg
DAI’s stability relies on over-collateralization:
- Loans require >100% collateral (e.g., $150 ETH for $100 DAI).
- Smart contracts auto-liquidate collateral if its value drops below the loan threshold.
- Decentralized governance ensures no single entity controls the peg.
Advantage: Eliminates reliance on centralized reserves (unlike USDT/USDC).
DAI vs. Other Stablecoins
| Feature | DAI | USDT | USDC |
|--------------|----------------|----------------|----------------|
| Backing | Crypto-collateral | Fiat reserves | Fiat reserves |
| Governance | DAO | Centralized | Centralized |
| Transparency | High | Controversial | High |
| Peg Stability | Strong | Strong | Occasional dips |
Why DAI Stands Out:
- No regulatory scrutiny (unlike Tether).
- No dependency on bank audits (unlike USDC).
FAQ
1. Is DAI truly decentralized?
Yes! DAI is managed by MakerDAO, a community-led DAO, with no corporate control.
2. How is DAI’s peg maintained during market crashes?
Smart contracts automatically liquidate undercollateralized loans, ensuring DAI remains fully backed.
3. Can I earn interest on DAI?
Absolutely. The DAI Savings Rate (DSR) offers yields up to 7% for depositors.
4. What networks support DAI?
Ethereum (mainnet), Arbitrum, Polygon, and other EVM-compatible chains.
5. Why choose DAI over USDT/USDC?
For censorship resistance and transparency—DAI isn’t tied to traditional banking systems.
Final Thoughts
DAI redefines stability in crypto with its decentralized, over-collateralized model. Whether you’re hedging volatility or earning yield, DAI offers a trustless alternative to fiat-backed stablecoins.
Pro Tip: Use DAI for DeFi lending/borrowing to avoid liquidation risks common with volatile assets.