Coins: 10053 Exchanges: 857 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Dai price

Dai Price (DAI)

$0.998634

0.05%
Rank #12

Dai Price Chart (DAI/USD)

Last updated 03 Mar 2024, 06:17AM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 BitMart BTC / DAI $0.97523362 0.01% $10,084,594
2 Binance USDT / DAI $0.99962195 0.01% $3,309,163
4 LBank DAI / USDT $1.00 0.02% $2,730,776
5 Bitinka.com BTC / DAI $1.01 0.93% $2,409,517
6 Bitget DAI / USDT $0.99935000 0.02% $2,235,740
7 BitMart DAI / USDT $1.00 0.04% $2,144,566
8 Kraken DAI / USD $1.00 0.02% $1,903,816
9 Bitrue DAI / USDT $0.99981500 0.19% $1,487,276
10 Cryptology BTC / DAI $0.97629491 0.29% $1,220,174
11 Bitinka.com ETH / DAI $1.01 1.76% $1,189,313
12 HitBTC USDT / DAI $0.99813211 0.09% $1,083,757
13 Kraken BTC / DAI $0.97403966 0.13% $1,066,198
14 HitBTC DAI / USDC $0.99945700 0.03% $1,059,726
15 BitMart ETH / DAI $0.96932913 0.01% $868,166
16 Binance BTC / DAI $0.97848384 0.03% $807,506
17 Kraken DAI / EUR $0.99971000 0.01% $692,853
18 Coinbase Exchange DAI / USD $0.99980000 0.01% $692,165
19 XT.COM BTC / DAI $0.97569793 0.07% $645,279
20 Kraken DAI / USDT $0.99974400 0.02% $611,772
21 Kraken XBT / DAI $1.00 0.06% $527,096
22 BitMart DAI / USDC $0.99903000 0.11% $513,565
23 OKX DAI / USDT $1.00 0.02% $500,621
24 MEXC Global DAI / USDT $0.99926900 0.02% $402,294
25 Azbit DAI / USDT $0.99937300 0.02% $339,746
26 Pionex DAI / USDT $0.99910100 0.12% $320,867
27 Binance ETH / DAI $0.96981622 0.03% $292,281
28 Digifinex DAI / USDT $0.99847200 0.03% $256,422
29 Poloniex DAI / USDT $0.99738900 0.01% $221,925
31 Bithumb DAI / KRW $1.01 0.15% $204,933
32 KuCoin USDT / DAI $0.99992192 0.05% $191,586
33 Crypto.com Exchange DAI / USD $0.99685000 0.02% $176,834
34 Bitget DAI / USDC $0.99991400 0.11% $145,971
35 Bybit (Spot) DAI / USDT $0.99950500 0.01% $133,641
36 CoinW DAI / USDT $0.99929600 0.47% $125,466
37 OKX ETH / DAI $0.97208928 0.06% $121,261
39 WOO Network DAI / USDT $0.99923300 0.03% $99,923
40 Binance BUSD / DAI $0.99695309 0.02% $97,949
41 OKX BTC / DAI $0.97579743 0.17% $90,343
42 EXMO MKR / DAI $1.39 1.01% $86,595
43 Bybit (Spot) BIT / DAI $1.00 0.04% $85,743
44 Huobi Global DAI / USDT $0.99936500 0.02% $85,387
45 EXMO DAI / ETH $0.99617500 0.63% $79,956
46 Gemini DAI / USD $0.99924000 0.02% $78,398
47 Binance BNB / DAI $0.97221329 0.10% $76,226
48 EXMO DAI / BTC $0.99885400 0.30% $67,834
49 Bancor Network DAI / BNT $1.00 0.60% $64,059
50 Hotbit DAI / USDT $0.99984600 0.03% $63,693

DAI Price Statistics

$1
24H Range
$1
  • Dai Price Now $1
  • 24h Low / 24h High $1 / $1
  • Trading Volume $338,537,429
  • Market Cap Rank #23
  • Market Cap $5,007,187,860
  • Volume / Market Cap 0.0676
  • All-Time High $1 -18.06%
    Mar 13, 2020
  • All-Time Low $1 13.25%
    Mar 11, 2023


Dai Cryptocurrency: A Stablecoin for a Volatile Market

Introduction

In the world of cryptocurrencies, stability is often an elusive characteristic.

However, there is one cryptocurrency that stands out by offering a unique solution to this issue, and that is Dai.

What is Dai?

Dai is a decentralized stablecoin built on the Ethereum blockchain. It was introduced by MakerDAO, a decentralized autonomous organization that operates on the Ethereum network.

Unlike other cryptocurrencies whose values fluctuate wildly, Dai is designed to maintain a stable value equal to one United States dollar (USD).

How Does Dai Work?

Dai achieves stability through an autonomous system of smart contracts known as the Maker Protocol.

When the demand for Dai exceeds its supply, the Maker Protocol generates more Dai tokens. Conversely, when the supply exceeds the demand, the protocol reduces the amount of Dai tokens in circulation.

This autonomous system allows Dai to regulate its supply dynamically, ensuring that its value remains close to the USD at all times.

Benefits of Dai

1. Stability: Dai's primary benefit is its stability. Cryptocurrency investors often face the challenge of price volatility, but Dai mitigates this risk by maintaining a steady value.

2. Accessibility: Anyone can use Dai as it is a decentralized cryptocurrency accessible to anyone with an internet connection.

3. Transparency: The Maker Protocol operates on the Ethereum blockchain, which means that all transactions are publicly verifiable, enhancing transparency and trust.

4. Security: Dai is secured by the Ethereum blockchain's robust infrastructure and cryptographic algorithms, making it highly secure against hacks and fraud.

Use Cases of Dai

1. Store of Value: Dai can be utilized as a stable store of value, providing cryptocurrency users with a reliable alternative to traditional fiat currencies.

2. Remittances: Dai offers a stable and efficient means for cross-border transfers, making it an ideal option for remittances.

3. Decentralized Finance (DeFi): Dai is at the core of various DeFi applications, enabling users to lend, borrow, and earn interest on their holdings.

4. Stable Trading Pair: Traders can use Dai as a stable trading pair against more volatile cryptocurrencies, reducing their exposure to price fluctuations.

Conclusion

Dai cryptocurrency has emerged as a game-changer within the volatile world of cryptocurrencies. Its stability, accessibility, and transparency make it an attractive option for investors, users, and developers alike.

As cryptocurrencies continue to evolve, Dai's resilience and ability to maintain a stable value set it apart, providing a reliable foundation for the future of decentralized finance.