Dai(DAI) Price

$0.999931 -0.01%

Price of Dai(DAI) Today

The live price of Dai (DAI) is $0.999931.The current market capitalization stands at $5.37B, with a 24-hour trading volume of $23.38B.Dai has experienced -0.01% in the last 24 hours and has a circulating supply of approximately 5.37B.These figures are updated in real-time to provide the most accurate market data.

Dai(DAI) Profile

Price Range (24h)

24h Low: $0.999804 24h High: $1.00

• One-year High: $1.00
• Price Change (1h): -0.02%
• Price Change (24h): -0.01%
• Price Change (7d): -0.02%
• Market Cap: $5.37B
• 24h Vol: $23.38B
• Circulating Supply: 5.37B
• Total Supply: 5.37B

About

What Is DAI?

DAI is a decentralized, crypto-collateralized stablecoin designed to maintain a soft peg to the U.S. dollar (Price of 1 DAI = $1). Unlike traditional stablecoins backed by fiat reserves in a bank account, DAI is created and governed by smart contracts on the Ethereum blockchain through the Maker Protocol, developed by MakerDAO.

DAI offers users the benefits of dollar stability while staying fully integrated within the decentralized finance (DeFi) ecosystem. It allows users to interact with crypto assets without being exposed to extreme price volatility. DAI can be bought on specialized exchanges and DAI can be traded for using other cryptocurrencies.

How DAI Works

DAI is generated when users deposit cryptocurrency collateral - such as ETH, WBTC, or other supported tokens - into a Maker Vault. These users create a collateralized debt position (CDP) and receive newly minted DAI in return. To unlock their collateral, users must repay the borrowed DAI plus a stability fee.

Importantly, the DAI system is overcollateralized, meaning users must lock in more value in crypto than the DAI they borrow, protecting the system against market swings. If the value of the collateral drops too far, smart contracts automatically liquidate the position to maintain solvency.

What Makes DAI Unique

DAI stands out from other stablecoins due to its decentralized governance model and transparent issuance mechanism. It is not issued by a centralized company or backed by fiat reserves held in banks. Instead, it is governed by the MakerDAO community, which votes on risk parameters, supported collateral types, and protocol changes.

This decentralized structure means DAI is censorship-resistant, highly programmable, and fully integrated into DeFi protocols, making it one of the most trusted stablecoins in the ecosystem.

DAI Use Cases

DAI is widely used across the DeFi space for a variety of purposes. It's a stable unit of account for crypto traders and users looking to avoid volatility. In lending and borrowing protocols like Aave and Compound, holders can use DAI to earn yield or access liquidity. The stablecoin is also used for payments and remittances, especially in regions where access to stable fiat is limited. DAI is a popular collateral in smart contracts and decentralized apps (dApps).

Because DAI is compatible with Ethereum’s ERC-20 standard, it is easily integrated into thousands of DeFi platforms and wallets.

Is DAI Always Worth $1?

DAI is designed to maintain a 1:1 peg with the U.S. dollar, but because it is market-driven, its price may fluctuate slightly above or below $1. These deviations are usually minor and temporary. The Maker Protocol uses a system of incentives, like stability fees and the Peg Stability Module (PSM), to keep the peg tight. Over time, DAI has proven to be remarkably stable, even during periods of high crypto market volatility.

Dai(DAI) Price Movements ($)

Period	Amount Change	Change (%)
Today	$-0.00008256	-0.01%
7 Days	$-0.00022668	-0.02%
30 Days	$-0.0000471	-0.00%

Dai(DAI) Conversion Rate

1 DAI to USD
$0.999931

FAQ

What is DAI?

DAI is a decentralized stablecoin that aims to maintain a price of $1 per token. Unlike traditional stablecoins backed by fiat in a bank account, DAI is created through smart contracts on the Ethereum blockchain using collateralized crypto assets. It’s governed by MakerDAO, a decentralized autonomous organization that oversees risk management and upgrades.

How does DAI stay pegged to the U.S. dollar?

DAI maintains its 1:1 peg through overcollateralization and automated incentives built into the Maker Protocol. Users must deposit more crypto than the amount of DAI they mint, and the system includes mechanisms like the Peg Stability Module (PSM) and stability fees to help keep the price close to $1. If market forces cause DAI to drift from its peg, arbitrage and protocol rules work together to bring it back into balance.

Is DAI safe to use?

Yes, DAI is considered one of the most secure and transparent stablecoins in the crypto space. All issuance and collateral are managed by Ethereum smart contracts and can be publicly audited. There’s no central entity holding your money. However, users should still be aware of risks such as extreme market volatility, smart contract bugs, or governance flaws in the Maker ecosystem.

How is DAI different from USDT or USDC?

DAI is fully decentralized, meaning it isn’t backed by traditional bank reserves or controlled by a single company. In contrast, USDT (Tether) and USDC (Circle) are centralized stablecoins backed by fiat currency held in custodial bank accounts. DAI’s value is secured by on-chain crypto collateral, and its supply is governed by MakerDAO community members through blockchain-based voting.

Where can I use or spend DAI?

DAI can be used almost anywhere in the Ethereum and broader Web3 ecosystem. You can lend or borrow it on DeFi platforms, trade for it on exchanges like Phemex, access ways to buy DAI on Phemex, use it as payment in supported dApps or for cross-border transfers, and store it in DeFi wallets for savings or liquidity farming. Because it's an ERC-20 token, DAI is compatible with most major wallets and DeFi applications.

Can I earn yield with DAI?

Yes, many users earn interest or yield on their DAI by depositing it into DeFi protocols. The returns vary depending on market demand and platform, but DAI remains a popular asset for passive income strategies in the crypto world.