DAI is a crypto-backed algorithmic stable coin provided by MakerDAO. One DAI is equal to one USD. Unlike other fiat-collateralized stablecoins, DAI is overcollateralized. If you want to receive 100 DAI which is worth 100$, you need to collateralize 150$ worth of Ethereum. The collateral ratio is decided by the MakerDAO platform's governance where anyone with MKR coin can vote. DAI is a fully decentralized stablecoin.
With a total market cap of over $5.38 billion, Dai is the No. 21 cryptocurrency by market size. The currency symbol for Dai is DAI. There will only ever be 4.26 billion Dai tokens issued. So far 5.38 billion tokens (126.3% of the total supply) have been issued.
7 Nov 2023: The Circulating Supply and Total Supply for DAI is updated to reflect the Total DAI Supply. For more information on Total DAI Supply and ERC-20 DAI Supply, please read here.
We found crypto protocols offering up to 25.9% APY on Dai deposits (25.9% APY DeFi) and loans as low as 5.75% APY against Dai used as collateral. Check out our Dai staking yields table and Dai loan rates table for further details.
The technical price analysis for Dai below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Dai.
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Dai FAQs
QWhat was the highest price that Dai ever reached?
AThe highest price that Dai ever reached was $1.22 USD. This all time high price occured on 13 Mar 2020.
QWhat was the lowest price that Dai ever reached?
AThe lowest price that Dai ever reached was $0.88196 USD. This all time low price occured on 11 Mar 2023.
QDoes Dai have a Reddit channel?
AYes you can find the Dai Reddit channels at .
QIs Dai a stablecoin?
AYes Dai is a stablecoin which means that it's value is pegged to a fiat currency and should maintain a fairly constantly exchange rate with that currency.
QWhat ecosystem is Dai part of?
ADai is part of the Ethereum, Polygon, Avalanche, Moonriver, Harmony, Optimism, Arbitrum Ecosytem, Bnb Chain and Fantom ecosystems.
QIs it possible to stake Dai to generate passive income?
AYes, staking is available for Dai on a number of platforms. For a full list of Dai staking yields see our list of Dai staking yields.
QHow much can I earn staking Dai?
AYou can earn up to 25.9% APY by staking your Dai tokens. Check out our Dai staking yields table for further details.
QWhere is the best place to stake Dai?
ARight now the best staking rates are on Beefy Finance with an income rate of up to 25.9% APY.
QIs it a good time to buy Dai?
AYou can check the technical indicators for Dai on the Dai Price Trend tab. These indicators are based on the analysis of multiple trading signals for Dai.
QWhere is the best place to buy Dai?
AYou can find the cheapest exchange on which to buy Dai on the Dai Buy tab.
QCan you get a Dai loan without collateral?
AAlmost all Dai loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Dai flash loans which allow you to borrow uncollateralised Dai for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Dai loans on the Dai Loans tab.
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