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Market Data
DAI Price
$1
DAI 24h Change
+0.01%
DAI 7d Change
-0.01%
DAI Market Cap
$4.61B
DAI 24h Volume
$171.66M
DAI FDV
$4.61B
DAI Circulating Supply
4,605,973,072
DAI All-Time High
$1.22
About DAI
DAI is a decentralized, multi-collateral stablecoin that aims to maintain a one-to-one value relative to the U.S. dollar. Originally launched by MakerDAO as Single-Collateral Dai (SAI), it evolved into Multi-Collateral Dai (MCD), allowing it to be backed by a variety of crypto-assets. The asset is governed by the Maker decentralized autonomous organization (DAO) through an automated system of smart contracts and feedback mechanisms. As part of the transition to the Sky ecosystem, DAI is undergoing a rebranding process towards USDS, with USDS serving as the upgraded version of the stablecoin.
Algorithmic StablecoinCrypto-backed StablecoinDecentralized Finance (DeFi)Ethereum EcosystemFiat-backed StablecoinGovernanceStablecoinsUSD Stablecoin
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