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Loopring
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SingularDTV
$0.0004020.00%
Tether
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USD Coin
$1.00+0.03%
Dai
$1.00+0.01%

Dai

DAI
$1.00
24H %
0.01%
24H Low
$0.00
24H High
$1.00
TO

Linear
Log
Market Cap
7.13B
24H Volume
719.29M

Price

24H Open
$1.00
24H Change
$0.000057
52 Week Low
$0.968396
52 Week High
$1.27
All Time High
$1.37
Returns (YTD)
-0.37%

Market Stats

Total Supply
$7.12B
Max Supply
$7.13B
24H Value Transacted
$1.18B
30D Volatility
0.005978
24H Transaction Count
$1.18B
24H Average Transaction Fee
n/a

About Dai

Category

Stablecoin


Value Proposition

Digital fiat


Dai is a decentralized cryptocurrency built on Ethereum stabilized to the value of U.S. dollars. The asset is pegged 1:1 to dollars via what is known as the Maker (MKR) Dai Stablecoin System. Unlike other popular stablecoins whose value is backed directly by USD, cryptocurrency collateral, which can be viewed publicly on the Ethereum blockchain, keeps dai’s value stable. Dai is a key component of many decentralized apps, or dapps, in the decentralized finance, or DeFi, ecosystem that is built on the Ethereum platform. With dai, DeFi users are able to use the asset’s stability to lend, borrow and invest on various different dapps. Note: The market cap and circulating supply figures here reflect only the supply of DAI that exists as an ERC-20 token. Additional DAI are recorded elsewhere, for example in DAI Savings Rate (DSR) lock-ups, and not included in the numbers published here. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.
Market Analysis
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Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.