Dai Price

Coin Prices

NTGL

$0.00034089

-38.18%

Price data by

DecryptCoinsDai

Enter a coin name to search

Dai

dai

$0.999

-0.01346%

Stablecoins

Decentralized Finance (DeFi)

USD Stablecoin

Ethereum Ecosystem

24-Hour Range

$0.999

Low

High

Market Cap (Mcap)

Rank

#37

Mcap

$3.29B

Fully Diluted Mcap

$3.29B

Supply

Circulating

3,287,130,468

Total

N/A

Created On

N/A

All Time High (ATH)

ATH

$1.22

ATH Change

-17.99%

ATH Date

Mar 13th, 2020

Total Value Locked (TVL)

TVL

N/A

MCap to TVL Ratio

N/A

FDV to TVL Ratio

N/A

Your Daily Summary of Everything Important

Never miss a minute! Get crypto, defi, and macro recaps sent to your inbox.

Fastest growing newsletter in crypto - read today's!

Enter a coin name to search

Dai Chart

Price

Volume

Market Cap

Price data by

Other coins

Bitget Token

Ethena USDe

Binance Bridged USDT (BNB Smart Chain)

Weekly Reports: A Deep Dive into Crypto and NFT alphas

If you're looking to keep up with the fast-moving world of crypto and NFTs, The Alpha Report has got you covered.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.

To Watch This Week
AIRDROPS + ALPHA

View all

Learn about Dai

How To Use DAI Stablecoin: Beginner's Guide (2021)

DAI is an ERC20 token on the Ethereum blockchain that has a steady value of one US dollar. It is also the key to the MakerDAO lending system.

What is Maker (MKR)?

The Maker (MKR) token was created by MakerDAO and its primary purposes are to support the stability of MakerDAO’s DAI token and enable governance for the Dai Credit System.

Dai News

Sep 6, 2024

DeFi

Christensen Balances New Sky Governance With User Choice Amid Freeze Function Debate

Sky, the DeFi protocol formerly known as MakerDAO, is under pressure from its community after co-founder Rune Christensen confirmed last month the protocol’s upcoming USDS stablecoin could feature a freeze function sometime in the future. Although the function will not be enabled at launch on Sept. 18, the idea of including the mechanism has sparked concern about the centralization of Sky’s ecosystem. Christensen, addressing recent concerns in an interview with Decrypt during Korea’s Blockchain...

by Sebastian Sinclair · 3 min read

Jan 2, 2024

Business

Over $80 Million Stolen in Orbit Chain Exploit, Assets 'Remain Unmoved'

Cross-chain bridge project Orbit Chain was hit by a "cyberattack" Monday, with over $80 million drained from its bridge. The project stated that following "unidentified access" on Orbit Bridge, an attacker had taken and was holding $84.5 million worth of assets across multiple wallet addresses. The stolen funds total 26,741.6 ETH held across five addresses (worth around $64.5 million at current prices), with just under $20 million worth of the stablecoin DAI held in another three addresses. The...

by Stephen Graves · 3 min read

Feb 18, 2023

DeFi

DAI Finds Its Spark With Spark Lend

Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) Last week a Maker DAO cluster launched a new lending market. Think Aave, because, well, it is actually using much of the same code. And the term cluster here is intentional; the group of developers who built what is now called Spark Protocol were quite literally called the “Crimson Cluster.” Now, they’re called Phoenix Labs, and they’re led by protocol engineer Sam MacPherson. He told Decrypt that the key motor behind the...

by Liam J. Kelly · 3 min read

Jan 18, 2021

The Coins

How To Use DAI Stablecoin: Beginner's Guide (2021)

There are plenty of stable digital currencies available, but only one can claim to be widely used, decentralized, and trustless. In this article, we find out why DAI stands out from the rest of the stablecoin pack. Crypto with steady value isn’t new or rare. Tether has been around for years and is by far the largest stablecoin available. We also have stablecoins such as USDC, PAX, Gemini Coin, and Facebook's upcoming Diem (formerly Libra) all competing to be the stable cryptocurrency of choice,...

by Ki Chong Tran, Adriana Hamacher · 6 min read

Nov 17, 2020

Coins

Ethereum-based Origin Dollar Hacked for Estimated $7 Million

Origin Protocol co-founder Matthew Liu on Monday night confirmed an attack on the Origin Dollar (OUSD) vault. "The team is all-hands on deck attempting to figure out what vulnerability was exploited and how the hacker was able to access users’ deposits," he wrote. Though the exact exploit—some form of flash attack—isn't yet known, the Origin team estimated $7 million—a combination of ETH and DAI stablecoin—had been taken. Origin Dollars' $OUSD got exploited for $5.5M in ETH, around 11,800 ETH A...

by Jeff Benson · 2 min read

Sep 17, 2020

Business

Argentina’s New Dollar Tax Is a Boon for Cryptocurrency

Some countries promote a culture of saving, but for Argentinians, that’s becoming a nightmare. Argentines’ recent tendency to hoard US dollars because of high inflation of the local currency has led the central bank to hit back. Hoarding dollars could have starved the government of dollar reserves within a year. So, yesterday, the central bank hardened measures to avoid this practice by imposing a new 35% tax on purchases made in dollars. Argentines, however, have already countered by buying u...

by Jose Antonio Lanz · 4 min read

Sep 10, 2020

DeFi

DeFi Money Market Adds Yield Farming Atop Interest Rewards

Another DeFi project has joined the great yield farming experiment of 2020. DeFi Money Market (DMM) announced today the introduction of yield farming-style rewards in addition to the 6.25% yields it already provides on stablecoin deposits. Yield farming allows users that provide liquidity to a DeFi protocol to earn interest on deposited assets. That means DMM users can soon stake the stablecoin-pegged tokens they receive for being liquidity providers to other decentralized exchanges, such as Uni...

by Alexander Behrens · 2 min read

Sep 1, 2020

Coins

MakerDAO Eyes Adding Gemini and Binance USD as Collateral

Maker (MKR) holders have voted to prioritize adding Gemini USD, Binance USD, and several other tokens as collateral assets to the Maker DAO protocol so those tokens can be used to generate DAI stablecoins. As a result, Maker "Domain Teams"—elected community members—will analyze these tokens and determine whether or not the protocol can handle them before the community takes a final vote to accept or reject them as collateral assets. According to the Maker white paper, protocol users can put up E...

by Jeff Benson · 3 min read

Jul 29, 2020

Business

Coinbase is giving daily rewards to users holding the DAI stablecoin

Crypto exchange Coinbase has announced that its customers from the US, UK and other select countries can now earn rewards for holding the DAI stablecoin in their accounts, according to a press release. “Today, we’re introducing Dai Rewards, with 2% APY [Annual Percentage Yield] for customers in the US, UK, Netherlands, Spain, France, and Australia,” the platform announced. DAI is a cryptocurrency pegged to the value of the US dollar. Image: Shutterstock. Customers from the eligible countries can...

by Liam Frost · 2 min read

Jul 9, 2020

Coins

Why blacklisting stablecoins could undermine DeFi

When the decentralized stablecoin, DAI was on its last legs amid the mid-March coronavirus market crash, its community elected to have a chunk of its peg to the US dollar collateralized by the centralized US dollar-pegged stablecoin, USDC. Now, Centre, the company behind the centralized US dollar-pegged stablecoin, USDC, has blacklisted an Ethereum address holding $100,000 worth of the token. Suddenly, MakerDAO’s DAI doesn’t seem so decentralized. “Imagine if some of the USDC is sitting in a M...

by Robert Stevens · 4 min read

Jun 8, 2020

DeFi

DeFi market cap doubles to $2 billion in under two months

DeFi tokens are so hot right now. The total market cap for decentralized finance (DeFi) products crossed the $2 billion mark over the weekend, just weeks after the initial DeFi Market Cap launch measured the total at just over $1 billion. Well, that was quick! All your Google searches in the past 24 hours paid off 🎢 Introducing a more detailed Google featured snippet for #DeFi Market Cap 💸 https://t.co/jVOniOJTto pic.twitter.com/YVUVF1ktcX — DeFi Market Cap 🎢 (@defimarketcap) June 5, 2020 T...

by Alexander Behrens · 3 min read

May 30, 2020

Coins

MakerDAO’s MKR token surges in price following Coinbase listing

The price of Maker (MKR), the governance token for the MakerDAO stablecoin, increased by 20% after Coinbase Pro announced yesterday that it would support the token. In the past week, it’s increased by over 50%, according to CoinMarketCap data. MKR started the week at $343; as of May 30, its price is $518. Coinbase said that users can transfer the token on its Pro platform—used by more experienced traders—from 9am PT (4pm UTC), June 8. Then, they’ll have to wait: trading will occur only if “li...

by Mat Di Salvo · 2 min read

May 18, 2020

Coins

Bitcoin locked in DeFi doubles just weeks after Maker vote

Wrapped Bitcoin (WBTC) has found new life thanks to its new use case as collateral on the Maker platform. The number of Wrapped Bitcoin has more than doubled since the cross-chain currency was added as a collateral option on the Maker protocol. Total Bitcoin locked rose from about 1,000 to nearly 2,300 since the Maker proposal was passed, with more Bitcoin locked in under two weeks than all that were locked since the WBTC launched in January 2019. The total value locked reached an all-time high...

by Alexander Behrens · 2 min read

May 4, 2020

DeFi

Bitcoin can now be used to generate DAI on DeFi protocol Maker

The Maker Protocol is going long on Bitcoin. Wrapped Bitcoin, or WBTC, the ERC20 “wrapped” Bitcoin token has been approved as a collateral asset in the Maker Protocol following an Executive Vote on Sunday. WBTC joins ETH, BAT, and USDC as collateral assets that have been approved for use in the protocol via MakerDAO governance. Maker users can now get loans using Bitcoin as collateral, expanding the decentralized finance (DeFi) ecosystem and opening access to Bitcoin’s more than $163 billion ma...

by Alexander Behrens · 2 min read

May 1, 2020

DeFi

DeFi platform Compound approves interest rate upgrade in historic vote

DeFi just got a bit more decentralized. Following Compound’s shift to community governance earlier in April, DeFi bank Dharma submitted the second-ever Compound Governance proposal, which sought to change the interest rate model for DAI exchange. We are pleased to announce that our proposal has passed! We are very excited to improve the Compound experience for capital suppliers. https://t.co/vYraHqARXh — Dharma (@Dharma_HQ) April 30, 2020 It marks the first time a major DeFi product has approv...

by Alexander Behrens · 3 min read

Apr 24, 2020

Business

Your odds of winning this crypto no-loss lottery just got better

PoolTogether, the prize-linked savings account built on Ethereum, today announced a new feature: a way to increase the odds of winning its “no-loss” crypto lottery. PoolTogether users can now combine their lottery tickets, purchased with DAI or USDC stablecoins, into Pods. The Pods allow users to combine their tickets into a secondary basket. If the winning ticket is part of a Pod, the prize money is split proportionally among participants—the more tickets an individual submits to a Pod, the gre...

by Alexander Behrens · 3 min read

Apr 22, 2020

Coins

Dharma brings DAI stablecoin payments to Twitter

Dharma, the prominent DeFi cryptobank, has made it incredibly easy (and free) to introduce any Twitter user to the world of cryptocurrency. Dharma introduced “Social Payments” on Tuesday, allowing users to send USD-pegged DAI stablecoins to any Twitter handle, even if there is no associated Dharma account. Why would someone want to do this rather than, say, use Venmo? Well, to use Venmo, both parties need a Venmo account and under certain conditions, hefty transaction fees are applied. As mentio...

by Alexander Behrens · 3 min read

Apr 9, 2020

Coins

Winklevoss-backed Gemini to list Chainlink, price soars 15 percent

New York-based cryptocurrency exchange Gemini today announced that it’s adding three new cryptocurrencies to its list of digital offerings: Chainlink (LINK), Dai (DAI) and Orchid (OXT). While the three tokens will not be available on the exchange until April 24, news of the forthcoming listing is already driving considerable interest for these coins: prices for OXT and LINK, for example, skyrocketed today between 10% and 15%, respectively. Once the coins are listed on the Winklevoss-backed exch...

by Nicholas Marinoff · 2 min read

Apr 8, 2020

DeFi

DeFi’s newest dapp helps users buy crypto with interest from DAI

A new DeFi app is taking on two key components of growing the decentralized finance industry: managing risk and making it easy for novice users to enter the ecosystem and start earning returns. dPiggy launched yesterday and is built atop the Compound and UniSwap protocols. It provides a simple interface for users to earn interest on DAI deposits and have their returns automatically used to purchase a variety of crypto assets at the end of each month. Our first DeFi product is live on Ethereum...

by Alexander Behrens · 3 min read

Apr 2, 2020

Coins

Investors pick winners and losers in red-hot stablecoin market

Amid sky-high economic uncertainty from the effects of the coronavirus, stablecoins have experienced stunning inflows of value—but not all platforms have benefitted equally. Between March 18 and April 1, the supply of stablecoins grew more than 60%. BUSD and HUSD, the Paxos-powered stablecoins built for Binance and Huobi, added a stunning 278% and 56%, respectively, to their total supply in that short time. On the other end of the spectrum, DAI supply increased just 10% as investors shunned the...

by Alexander Behrens · 3 min read