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Dai priceDAI

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DAI
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1 DAI = 0.9997 USD
Last updated 2024-11-09 23:48:00(UTC-0)
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Dai price live data summary

The live price of Dai is $0.9997 per (DAI / USD) today with a current market cap of $5.36B USD. The 24-hour trading volume is $89.48M USD. DAI to USD price is updated in real time. Dai is 0.00% in the last 24 hours. It has a circulating supply of 5,365,382,700 .

What is the highest price of DAI?

DAI has an all-time high (ATH) of $3.67, recorded on 2021-11-16.

What is the lowest price of DAI?

DAI has an all-time low (ATL) of $0.8970, recorded on 2023-03-11.
Calculate Dai profit

Dai price prediction

When is a good time to buy DAI? Should I buy or sell DAI now?

When deciding whether to buy or sell DAI, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DAI technical analysis can provide you with a reference for trading.
According to the DAI 4h technical analysis, the trading signal is Strong sell.
According to the DAI 1d technical analysis, the trading signal is Strong sell.
According to the DAI 1w technical analysis, the trading signal is Strong sell.

What will the price of DAI be in 2025?

Based on DAI's historical price performance prediction model, the price of DAI is projected to reach $1.34 in 2025.

What will the price of DAI be in 2030?

In 2030, the DAI price is expected to change by +5.00%. By the end of 2030, the DAI price is projected to reach $1.84, with a cumulative ROI of +84.50%.

Dai ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

About Dai (DAI)

What Is MakerDAO Stablecoin?

MakerDAO Stablecoin (DAI) is a pivotal project within the world of Decentralized Finance (DeFi), having emerged in 2015 following the launch of Ethereum's first mainnet. The dedicated team of developers spent two years crafting the framework that allows for the creation of DAI Stablecoin. MakerDAO, the decentralized autonomous organization behind DAI, ensures its decentralized nature and impartiality.

Additionally, MakerDAO laid the groundwork for lending and borrowing activities on the Ethereum blockchain, with the primary goal of reducing reliance on financial intermediaries and facilitating access to loans.

Unlike USDT or USDC, DAI Stablecoin's value is pegged to the US Dollar at a 1:1 ratio without the need for physical reserves. MakerDAO enables borrowers to generate DAI by depositing collateral. The supported collaterals include Ethereum (ETH), Wrapped Bitcoin (WBTC), ETH-Staked ETH Liquidity Pair on Curve v1 (CRVV1ETHSTETH), Wrapped stETH (WSTETH), and over 10 other cryptocurrencies.

One remarkable aspect of DAI is its status as an algorithmic stablecoin. Its value remains consistently pegged to US$1.00 throughout its existence due to the clever smart contract design of MakerDAO. This design governs which collaterals are accepted, the corresponding collateral ratio, and the destruction of DAI when loans are repaid. As a result, MakerDAO retains control over the circulating supply of DAI and, consequently, its value.

A crucial aspect of DAI Stablecoin's design is overcollateralization. The requirement for collaterals to exceed the amount of DAI issued by more than 100% is essential to mitigate default risk for lenders. This approach directly addresses the volatility of cryptocurrency values, thereby maintaining the peg between DAI and USD and safeguarding the value of lenders' assets.

Resources

Whitepaper: https://makerdao.com/en/whitepaper

Official website: https://makerdao.com/en/

How does MakerDAO Stablecoin work?

Taking out a loan

To initiate the issuance of DAI Stablecoins, a borrower deposits collateral, resulting in the creation of new DAI. Upon returning the original amount of DAI, the borrower's collaterals are returned, and the returned DAI is destroyed to prevent an excessive number of circulating tokens. Due to potential arbitrage activities, the borrower might earn more DAI than the original amount, allowing them to keep the difference.

Liquidation

In cases where a borrower fails to repay the loan in DAI or the collateralization ratio falls below the required level, liquidation occurs. The overcollateralization rule mandates that the collateral-to-DAI ratio must always exceed 100%, for example, 175% for wBTC. This means that if a borrower deposits US$175 in Bitcoin, they'll receive a loan of US$100 in DAI, with the remaining US$75 reserved for the mentioned extreme scenarios. To safeguard the system from impaired loans, anyone can trigger the liquidation function on the contract and receive a percentage of the balance as a reward.

What Determines MakerDAO Stablecoin Price?

The Dai stablecoin, a crucial player in the decentralized finance (DeFi) ecosystem, derives its value from an intricate system that aims to keep the current Dai price in USD as stable as possible. Engineered by MakerDAO, this system of smart contracts on the Ethereum blockchain utilizes Collateralized Debt Positions (CDPs) to determine the Dai value. Users can lock up assets like ETH in these CDPs, which are over-collateralized, thereby ensuring the Dai USD price remains stable. For example, if you were to lock up $300 worth of ETH, you could borrow up to 66% of the collateral's value in Dai, maintaining a collateralization ratio of 150%. This over-collateralization plays a pivotal role in Dai price stability.

If you're ever asking, "What is the current price of Dai?" or "Is the price of Dai going up?", the answer can be found in its robust governance and technical architecture. Real-time Dai price is a complex outcome of smart contracts, governance by MKR token holders, and automated market mechanisms. All these factors contribute to making Dai one of the most reliable assets in the cryptocurrency landscape, often leading to discussions about Dai price prediction for 2023 and beyond. This makes it essential for anyone interested in stablecoins or Dai price analysis to understand the sophisticated systems at play.

Conclusion

In conclusion, MakerDAO Stablecoin (DAI) is a pivotal project in DeFi, offering a decentralized and stable solution pegged to the US Dollar. Its innovative algorithmic design and overcollateralization ensure stability and reliability, making it a driving force in the decentralized financial ecosystem.

It's important to note that like any other cryptocurrencies, MakerDAO Stablecoin carries its own risks and it's always wise to do your own research and exercise caution while investing.

Dai price performance in USD

24h7 days30 days90 days1 yearAll-time
+0.00%-0.03%-0.01%-0.01%-0.02%+0.23%

Dai price history in USD

The price of Dai is -0.02% over the last year. The highest price of DAI in USD in the last year was $1 and the lowest price of DAI in USD in the last year was $0.9952.
TimeLowHigh
24h$0.9995$1
7d$0.9994$1
30d$0.9992$1
90d$0.9992$1
1y$0.9952$1
All-time$0.8970(2023-03-11, 1 years ago )$3.67(2021-11-16, 2 years ago )

Dai market information

Market cap
$5,363,709,435.31
+0.00%
Fully diluted market cap
$5,363,709,435.31
+0.00%
Volume (24h)
$89,476,222.29
-39.67%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.0166
Circulating supply
5,365,382,700 DAI
Total supply / Max supply
5.37B DAI
-- DAI
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Dai Social Data

In the last 24 hours, the social media sentiment score for Dai was 4, and the social media sentiment towards Dai price trend was Bullish. The overall Dai social media score was 2,012, which ranks 152 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Dai being mentioned with a frequency ratio of 0.01%, ranking 227 among all cryptocurrencies.

In the last 24 hours, there were a total of 63 unique users discussing Dai, with a total of Dai mentions of 108. However, compared to the previous 24-hour period, the number of unique users decrease by 7%, and the total number of mentions has decrease by 31%.

On Twitter, there were a total of 3 tweets mentioning Dai in the last 24 hours. Among them, 100% are bullish on Dai, 0% are bearish on Dai, and 0% are neutral on Dai.

On Reddit, there were 0 posts mentioning Dai in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 100% .

All social overview

Average sentiment (24h)
4
Social media score (24h)
2.01K(#152)
Social contributors (24h)
63
-7%
Social media mentions (24h)
108(#227)
-31%
Social media dominance (24h)
0.01%
X
X posts (24h)
3
0%
X sentiment (24h)
Bullish
100%
Neutral
0%
Bearish
0%
Reddit
Reddit score (24h)
0
Reddit posts (24h)
0
-100%
Reddit comments (24h)
0
0%

How to buy Dai(DAI)

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Dai news

See more
Proposal to Rebrand Sky Back to Maker Rejected by Whale Votes
Proposal to Rebrand Sky Back to Maker Rejected by Whale Votes

MakerDAO's governance vote keeps the Sky brand, revealing centralization issues. Sky plans expanded products under the "Endgame" strategy.

BeInCrypto2024-11-08 06:05
New spot margin trading pair — DAI/USDT!
New spot margin trading pair — DAI/USDT!

We are thrilled to announce that Bitget has launched isolated spot margin trading for DAI/USDT. New listing perk: To celebrate the listing of new coins, Bitget will distribute spot leverage cut-rate coupons or trading bonuses to users' accounts at random. These coupons can be used to leverage at lo

Bitget Announcement2024-11-07 07:09
Bitget Spot Cross Margin adds DAI/USDT
Bitget Spot Cross Margin adds DAI/USDT

Bitget has launched cross spot margin for DAI/USDT. New listing perk: To celebrate the listing of new coins, Bitget will distribute spot leverage cut-rate coupons or trading bonuses to users' accounts at random. These coupons can be used to leverage at low or zero interest, while the trading bonuse

Bitget Announcement2024-11-07 07:05
Just four entities account for nearly all the votes to keep MakerDAO's rebranding to Sky
Just four entities account for nearly all the votes to keep MakerDAO's rebranding to Sky

Quick Take Sky voted to maintain the pivot away from the protocol’s original Maker brand following some backlash from community members. The rebranding is part of Rune Christensen’s Endgame strategy, which involves launching new stablecoins and establishing “subDAO” to build their own crypto apps and infrastructure.

The Block2024-11-06 16:00

FAQ

What is DAI?

DAI is a stablecoin created by MakerDAO. Unlike centralized stablecoins which are backed by fiat currency in a bank account, DAI is over-collateralized by digital assets (e.g., Ethereum) that are locked in a decentralized smart contract system on the Ethereum blockchain.

What is stablecoin?

A stablecoin is a cryptocurrency designed to maintain a consistent value, unlike highly volatile cryptocurrencies like Bitcoin or Ethereum. It's usually tied to a reserve, such as the US dollar, gold, or other assets. The main goal of stablecoins is to blend the advantages of cryptocurrencies, like fast transactions and security, with the stable value of traditional currencies. As a result, they're ideal for daily transactions.

How does DAI maintain its peg to the US dollar?

DAI maintains its peg through a system of Collateralized Debt Positions (CDPs). Users can lock up their assets (like Ethereum) as collateral to generate DAI. If the value of the collateral falls, the system can automatically liquidate (sell off) a portion to ensure DAI remains fully backed. There's also a mechanism where if DAI moves off its peg, the interest rate (called the Stability Fee) for borrowing DAI can be adjusted to incentivize or disincentivize its creation, pushing its price back toward $1.

How is DAI Stablecoin backed?

DAI is backed by a variety of cryptocurrency collaterals. MakerDAO allows borrowers to create DAI by depositing collateral. The types of collateral supported include Ethereum (ETH), Wrapped Bitcoin (WBTC), ETH-Staked ETH Liquidity Pair on Curve v1 (CRVV1ETHSTETH), Wrapped stETH (WSTETH), and over 10 other cryptocurrencies.

How does overcollateralization work in DAI's design?

Overcollateralization ensures that the value of collateral deposited is always more than the amount of DAI issued. For instance, with a 175% collateralization for wBTC, if you deposit US$175 in Bitcoin, you'd receive a loan of US$100 in DAI. This mechanism targets cryptocurrency volatility, maintaining the peg between DAI and USD and safeguarding lenders' assets.

Is DAI a safe investment?

DAI's smart contract has undergone multiple audits, and the system has safeguards like over-collateralization to protect its stability. However, like all crypto projects, there are inherent risks, such as smart contract vulnerabilities or extreme market conditions that could potentially affect the system. Users should always do their own research and perhaps consult financial professionals before making decisions.

What is the current price of Dai?

The live price of Dai is $1 per (DAI/USD) with a current market cap of $5,363,709,435.31 USD. Dai's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Dai's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Dai?

Over the last 24 hours, the trading volume of Dai is $89.48M.

What is the all-time high of Dai?

The all-time high of Dai is $3.67. This all-time high is highest price for Dai since it was launched.

Can I buy Dai on Bitget?

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

Can I get a steady income from investing in Dai?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Dai with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Where can I buy Dai (DAI)?

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Cryptocurrency investments, including buying Dai online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Dai, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Dai purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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DAI/USDT

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