Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
Dai

Dai priceDAI

focusIcon
subscribe
Quote currency:
USD
DAI
VectorImg
USD
1 DAI = 0.9999 USD
Last updated 2024-04-25 13:27:14(UTC-0)

Dai price live data summary

The live price of Dai is $0.9999 per (DAI / USD) today with a current market cap of $5.35B USD. The 24-hour trading volume is $497.07M 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 5,347,888,600 .

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.

Dai price prediction

Set your prediction

When is a good time to buy DAI? Should I buy or sell 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 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 Sell.
icon_ad

Trade smarter on Bitget

A welcome pack worth 1000 USDT for new Bitgeters!

Dai price performance in USD

24h7d30d90d1yAll-time
-0.00%-0.02%-0.01%-0.02%-0.04%+0.25%

Dai price history in USD

TimeLowHigh
24h$0.9996$1
7d$0.9996$1
30d$0.9995$1
90d$0.9988$1
1y$0.9914$1
All-time$0.8970(2023-03-11, 1 years ago )$3.67(2021-11-16, 2 years ago )

Dai market information

Market cap
$5,347,232,024.69
-0.00%
Fully diluted market cap
$5,347,232,024.69
-0.00%
Volume (24h)
$497,069,899.62
+14.59%
Market rankings
Circulation rate
+100.00%
24h volume / market cap
0.0929
Circulating supply
5,347,888,600 DAI
Total supply / Max supply
5.35B DAI
-- DAI

Dai ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Dai Social Data

In the last 24 hours, the social media sentiment score for Dai was 3, and the social media sentiment towards Dai price trend was Bullish. The overall Dai social media score was 0, which ranks 492 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Dai being mentioned with a frequency ratio of 0.01%, ranking 450 among all cryptocurrencies.

In the last 24 hours, there were a total of 48 unique users discussing Dai, with a total of Dai mentions of 194. However, compared to the previous 24-hour period, the number of unique users decrease by 28%, and the total number of mentions has decrease by 13%.

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

On Reddit, there were 1 posts mentioning Dai in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Dai. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#492)
Social contributors(24h)
48
-28%
Social mentions(24h)
194(#450)
-13%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
1
Reddit posts(24h)
1
0%
Reddit comments(24h)
0
0%

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.

How to buy Dai (DAI)

Buying Dai on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Dai (DAI) .

Trade DAI perpetual futures

After having successfully signed up on Bitget and purchased USDT or DAI tokens, you can start trading derivatives, including DAI futures and margin trading to increase your income.

The current price of DAI is $0.9999, with a 24h price change of -0.00%. Traders can profit by either going long or short onDAI futures.

Join DAI copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or DAI tokens, you can also start copy trading by following elite traders.

Dai news

See more
profileImg

BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals

Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Coindesk2023/12/18 21:31#Markets#Bitcoin ETF#BlackRock
profileImg

Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
profileImg

Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
profileImg

Bitcoin Inscriptions Not a Fading Trend | Crypto Daily Digest Sep. 8

While Bitcoin NFT sales have declined, Ordinals inscriptions continue rising.

TokenInsight2023/09/08 13:49#Bitcoin#NFT
profileImg

Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

The latest update you need to know about Friend.tech

TokenInsight2023/08/22 15:31#Social#Coinbase

People are also inquiring about the price of Dai.

What is the current price of Dai?

We update our Dai to USD price in real time. Get the live Price of Dai on Bitget.

What is the 24 hour trading volume of Dai?

Over the last 24 hours, the trading volume of Dai is $497.07M.

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 MakerDAO Stablecoin 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.

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.
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.

Trade

Earn

DAI is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support DAI trades.
You can trade DAI on Bitget.

BTC/USDT

Spot

BTC/USDT

Margin

BTC/USDT

USDT-M Futures

BTC/USD

Coin-M Futures

Copy trading

龍蝦阿咪
龍蝦阿咪
insight433/1000
1673.78%
ROI
Total profit $1,579,158.12
Jessica-QF
Jessica-QF
insight781/1000
16810.50%
ROI
Total profit $41,285.71
Contracts
MoreMore
https://img.bitgetimg.com/multiLang/develop/web/Arbitrum.png
Arbitrum
0xDA10...9000da1
Arbitrum
Arbitrum
Links
DaiDaiDaiDai

Related assets

People also view
People who viewed DAI also show interest in the following cryptocurrencies.
Trending assets
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours
Popular cryptocurrencies
A selection of the top 12 cryptocurrencies by market cap.
Comparable market cap
Among all Bitget assets, these 12 are the closest to Dai in market cap.