Live DAI Price
Currently, Dai price is $1.00 with a circulation supply of 5254393599.77 DAI.
Dai price chart
Live DAI Price Change and Market Cap
Currently, DAI price is $1.00 and from the live DAI price chart, we can see that the 24-hour change is 0.13%. The total market capitalization of Dai is $5266065719.64 with a circulation supply of 5254393599.77 DAI and the trading volume (24H) is $13815111.18. In the previous 24 hours, DAI price hit highs of $1.00 and lows of $1.00.
DAI Price Prediction
DAI is a stablecoin built on the Ethereum blockchain. In contrast to other stablecoins, DAI is not pegged to fiat currencies. DAI is backed by Maker to keep the price of DAI stable at $1. The price of DAI is regulated by the issuance and burning of the MKR tokens. Due to this backing by another cryptocurrency, DAI price will always be the same, $1, even in the long run.
If you are looking to exchange DAI then you are in the right place. You can pair DAI against the most popular cryptocurrencies, pick either Best Rate or Fixed Rate to exchange. For the Best Rate DAI exchange, we provide you with the best rate in the market, the final amount of crypto you receive may vary slightly due to the volatility. We recommend Fixed Rate if you are looking to avoid the price fluctuations. In the Fixed Rate DAI exchange, we fix a good rate for 15 minutes and bear the market risks for you. It’s a child play exchanging DAI on ChangeHero as you will not be asked to register anywhere to avail the services.
How to exchange Dai
ENTER THE AMOUNT & PROVIDE YOUR ADDRESS
Confirm your transaction
Wait for the exchange to complete
What is DAI?
Stablecoins entered the cryptocurrency market to help the traders avoid volatility. There are a variety of stablecoins such as Tether (USDT), Paxos Standard (PAX) and USD Coin (USDC) but DAI stands apart from the rest due to its unique approach. Unlike the other stablecoins, DAI is not a hard-pegged currency and maintains stability through the Maker (MKR) tokens. Whenever the demand for DAI increases or decreases, MKR tokens are generated or burnt to maintain the value of DAI. This entire process is automatically managed by smart contracts.
DAI is built on Ethereum blockchain and new DAI tokens can be generated only through debts taken by the users on the MakerDAO lending system, Oasis Borrow. Users can generate DAI by using ETH, BAT, WBTC and TUSD as collateral. Upon the repayment of the debt, DAI is destroyed. DAI is used to hedge the volatility of other cryptocurrencies and also enter or exit the market.