Dai DAI
Rank #28 by market cap
Price $1 +0.01% 24h
Market cap$4.56B$4.57B fully diluted
24h volume$339.14M7.4% of cap
All-time high$1.22-17.96% from ATH
Last 7 days -0.00%
What Dai is
A decentralised dollar stablecoin issued against collateral rather than bank deposits.
How it works
Users lock collateral in vaults and mint DAI against it, over-collateralised. A growing share of backing is now in real-world assets and USDC, which dilutes the original decentralisation claim.
What it is used for
A dollar that does not depend on a single issuer honouring redemptions — with caveats about what now backs it.
Supply and market data
| Circulating supply | 4,555,298,183 DAI |
| Total supply | 4,567,788,460 DAI |
| Maximum supply | No hard cap |
| All-time high | $1.22 on 2020-03-12 |
| All-time low | $0.882 on 2023-03-10 |
| 24h range | $0.9996 – $1 |
Tools for DAI
Funding rates
See whether leveraged traders are paying to be long DAI.
Liquidation calculatorWhere a leveraged DAI position gets closed.
DCA backtestWhat buying DAI on a schedule would have returned.
Market data is informational and can be delayed. This page describes how Dai works; it is not a recommendation to buy or sell it.