Dai (DAI) Price History
Dai price moved +0.13% over the last 24 hours. The DAI to USD conversion rate is currently $1.00 per DAI and the circulating supply of Dai is 4,926,768,974 DAI. Therefore, the current Dai market cap is $4,926,768,974.
Over the last year, Dai price is 0.00%. The highest price of DAI in the last year was $1.00 and the lowest price of DAI in the last year was $0.97.
About Dai (DAI)
Dai is a collateral-backed stablecoin pegged to the US Dollar. Dai (DAI) is the first decentralized stablecoin built on top of the Ethereum blockchain. Because the price of Dai is pegged to the US Dollar, it experiences relatively little market volatility. As a result, it is most often used as a method of payment or hedging mechanism. Every Dai is backed by a surplus of collateral that is escrowed into publicly reviewable Ethereum smart contracts.
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