Dai Price in US Dollar (DAI to USD)

  
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$1.00

-0.01% (24H)
Low $0.98
High $1.02
  • Market Cap $5.36 B
  • Volume $115.64 M
  • Available Supply 5.37 B DAI

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Date Price Volume MarketCap

Dai Price Today ( DAI to USD ) is $1.00 with market capitalization is $5.36 B. DAI price experienced -0.01% down in last 24 hours.

About DAI

DAI, or Dai Stablecoin, is a decentralized cryptocurrency that aims to maintain a stable value against the US dollar. Developed by the MakerDAO protocol, Dai operates on the Ethereum blockchain and utilizes a system of smart contracts to achieve its stability. Unlike traditional fiat currencies, Dai is backed by collateralized assets held in escrow, making it a decentralized alternative to stablecoins like USDC or Tether. Users can create Dai by depositing assets into the Maker Protocol, which automatically adjusts supply based on market demand. This robust system mitigates volatility while allowing users to maintain the benefits of cryptocurrency, such as transparency and portability. Dai is widely used for decentralized finance (DeFi) applications, lending, and as a stable medium of exchange within the crypto ecosystem.

DAI Price

The current DAI price information presented above reflects the latest valuation of DAI, a popular decentralized stablecoin. This real-time pricing is derived from the ongoing trading activities within the cryptocurrency market and is influenced by various factors, including supply and demand dynamics, market sentiment, and overall economic conditions. DAI, designed to maintain a stable value pegged to the US dollar, plays a significant role in decentralized finance (DeFi) ecosystems. By understanding the latest DAI price alongside its market capitalization, investors and traders can make informed decisions regarding their cryptocurrency portfolios. Staying updated on this data is essential for effective financial strategy development.

People

Rune Christensen, Steven Becker.

Cryptocurrencies and digital assets are actively traded on a multitude of cryptocurrency exchanges, including notable platforms like Dai (DAI) among a diverse array of other digital tokens. For those interested in exploring the vast landscape of digital currencies, there is an extensive List of Cryptocurrency exchanges available. This resource provides detailed information about over 2000 cryptocurrencies and various digital assets, meticulously categorized by market capitalization.

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