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Dai (DAI) price
#29About the project
DAI is the decentralized stablecoin of MakerDAO, launched in 2017. It is pegged to the dollar but issued by smart contracts rather than a company: users lock overcollateralized crypto and borrow DAI against it.
Later, stablecoins and real-world assets such as US Treasuries were added as collateral. In 2024 MakerDAO rebranded as Sky and launched USDS, which can be swapped for DAI one to one.
Dai overview: dollar peg and volume
Dai (DAI) is a US dollar stablecoin. It trades at $1, a -0.00% deviation from $1: the peg is holding.
Market cap is $4.60B, ranked #29. Daily trading volume is $149.9M (3.3% of market cap). 4,597,645,331 DAI are in circulation; supply grows as money flows in and shrinks on redemptions.
This summary updates with live market data.
Frequently asked questions
How much is 1 DAI in US dollars?
1 Dai is worth about $0.999964, -0.00% over 24 hours. The price updates every few minutes from exchange data.
How much is 1 DAI in euros?
About €0.888858, converted from the dollar price at the current exchange rate.
What is the market cap of Dai?
$4.6B, ranked #29 among cryptocurrencies.
How many DAI coins are there?
4.6B DAI in circulation.
What is the all-time high of Dai?
$1.22, the highest price in its trading history.