Researched coins: 1,049
Exchanges: 1,020
Market Cap: 2.8T
24h Vol: 131.4B
EN

Dai Price, Live Chart & Market Cap

Dai Stablecoin: USD‑Pegged, Over‑Collateralized, Ready for DeFi, Trading, and Yield Farming

Dai Overview

Dai is a decentralized, dollar‑pegged coin issued by MakerDAO. Dai stays near $1 because every token is over‑collateralized on‑chain. Holders use Dai for trading, saving, payments and DeFi farming. With Dai, anyone gains a borderless digital dollar that resists censorship.

Utility & Use Cases DAI

Borrowing Liquidity

Borrowing Liquidity

• Lock collateral in a Maker vault and mint Dai to raise capital without selling core assets.
Liquidity Pools

Liquidity Pools

• Supply Dai to DEX pools like Uniswap or Curve to earn trading fees and farming rewards.
Saving Yield

Saving Yield

• Deposit Dai into the Dai Savings Rate or leading lending markets for steady passive income.
Payments & Remittance

Payments & Remittance

• Transfer Dai globally in seconds with minimal fees—ideal for payroll, e‑commerce and cross‑border settlement.

Dai Technologies Overview

Low Fees, Fast Finality

Low Fees, Fast Finality

Layer‑2 support cuts Dai transfer costs to pennies while confirming in minutes.
Cross‑Chain Reach

Cross‑Chain Reach

Official bridges and Teleport move Dai between Ethereum, Arbitrum, Optimism and Starknet seamlessly.
Smart‑Contract Collateral

Smart‑Contract Collateral

Audited Maker contracts enforce over‑collateralization, liquidations and peg management without intermediaries.
Peg Stability Module

Peg Stability Module

The PSM swaps other stablecoins 1:1 with Dai, anchoring market price at one dollar.

Funding

MakerDAO funded Dai’s development by privately selling MKR governance tokens: $12 M in 2017 seed, $15 M to a16z in 2018 and $27.5 M to Dragonfly + Paradigm in 2019. Today ongoing costs are covered by protocol revenue, not new token sales.

Roadmap

Phase 1 – Rebrand & New Tokens (2024)

Launch refreshed brand plus redenominated governance and stable tokens while keeping Dai live for a smooth swap.

Phase 2 – SubDAO Roll‑out (2024‑25)

Spin up specialised SubDAOs to handle growth, risk and real‑world assets, each with its own farmable token.

Phase 5 – NewChain (≈2026)

Deploy a dedicated high‑performance L1 to host Maker governance and lock core parameters immutably.

Dai Security & Audit Reports

Dai’s core contracts have multiple Trail of Bits audits, a live bug‑bounty and a 24‑hour governance delay. Black‑Thursday lessons hardened auctions and oracle design; no contract exploit has ever broken the peg.

FAQ

How to mint Dai?

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Open a vault on Oasis, deposit collateral, set a safe ratio, and draw Dai instantly.

How to earn yield on Dai?

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Move Dai into the Dai Savings Rate or lend it on Aave and Compound for variable returns.

What keeps Dai at $1?

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Over‑collateralized vaults plus the Peg Stability Module and market arbitrage hold the peg.

Which wallets support Dai?

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Ledger, Trezor, MetaMask, Coinbase Wallet and most DeFi wallets store and send Dai.

Is Dai fully decentralized?

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Governance is on‑chain and open, but some collateral like USDC introduces partial centralization risk.

Can I use Dai on Layer‑2?

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Yes, Dai is bridged to Arbitrum, Optimism, Polygon and Starknet for cheaper, faster transfers.

Top Crypto Exchanges to Trade Dai (DAI)

# Exchange Pair Price 24h Volume
1 ~$1.0008 $7,299,171
2 ~$1.0007 $1,566,481
3 ~$1 $1,415,976
4 ~$102,628.5 $1,883,910
5 ~$1 $697,860
6 ~$102,451.34 $1,657,092
7 ~$1.0011 $43,711,180
8 ~$1.0016 $621,372
9 ~$1.0016 $535,882
10 ~$3,260.53 $1,761,181
Dai
Dai DAI Price
#73
$1
-0.0035%
Market Cap
Market capitalization of Dai (DAI) represents the total value of all circulating tokens. It is calculated by multiplying the current price of one token by the total number of tokens in circulation
$3,625,185,689
Fully Diluted Variation
Fully diluted valuation of Dai (DAI) represents the theoretical market cap if all tokens that will ever exist were in circulation. It provides insight into the long-term value projection assuming the maximum supply is reached
$3,625,185,689
24 Hour Trading Vol
24-hour trading volume shows the total amount of Dai (DAI) traded across all exchanges over the past day. Higher volumes generally indicate more market liquidity and interest in the token
$153,241,595
Circulating Supply
Circulating supply shows the number of Dai (DAI) tokens currently available and circulating in the market. This excludes locked, reserved, or unissued tokens that cannot be sold or traded
3,625,410,933.79
Total Supply
Total supply represents all Dai (DAI) tokens that currently exist, including both circulating tokens and those locked in various protocols or treasuries. It excludes tokens that will be created in the future
3,625,410,933.79

Info

Contract
Ethereum Network 0x6b1...5271d0f
Copied
MetaMask
Whitepaper
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