Bitcoin Halving

Dai

DAI
Price
$0.998347
24 Hour % Change
-0.20%
Market Cap
$1.39B
Volume (24h)
$457.72M
Linear
Log
to
1h12h1d1w1m3m1y
Key metrics
24 Hour Low
$0.997391
24 Hour High
$1.00
Net change
$-0.001952
24 Hour Open
$1.00
All time high
$1.22
Total Supply
1.39B
Returns (24H)
-0.20%
Returns (YTD)
-0.33%
Volatility (30d)
0.03
Transaction Count (24h)
22,665
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$628.88M

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.

 

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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.

Foundations - Consensus: Distributed

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