Dai (DAI) remains one of the most trusted and widely used decentralized stablecoins in the cryptocurrency ecosystem. Designed to maintain a 1:1 peg with the US dollar, DAI offers stability in an otherwise volatile digital asset market. As of today, the Dai price stands at approximately $0.9999**, reflecting a minimal change of **−0.01%** over the past 24 hours. With a 24-hour trading volume of **$76.08 million and a market capitalization of $5.36 billion, DAI continues to play a crucial role in decentralized finance (DeFi) applications, lending platforms, and cross-border transactions.
The circulating supply of DAI is currently 5.37 billion tokens, making it one of the largest algorithmic stablecoins by market cap. Unlike centralized stablecoins such as USDT or USDC, DAI is fully backed by collateralized assets on the MakerDAO protocol, ensuring transparency and decentralization.
Market Performance Across Timeframes
Dai has demonstrated remarkable stability across multiple time horizons, reinforcing its status as a reliable store of value and medium of exchange within the crypto economy.
| Trading Pair | 1h | 24h | 7d | 1m | 3m | 1y |
|---|---|---|---|---|---|---|
| DAI/USD | 0.00% | −0.01% | 0.01% | −0.01% | 0.00% | −0.11% |
| DAI/BTC | −0.23% | 0.95% | −1.66% | −2.78% | −22.27% | −47.08% |
| DAI/ETH | −0.26% | 1.76% | −3.84% | 3.34% | −28.31% | 23.65% |
| DAI/DeFi | −0.07% | 4.28% | −3.47% | 4.20% | −25.34% | −1.89% |
| DAI/Stablecoin | −0.01% | −0.40% | −0.67% | −2.22% | −6.15% | −32.56% |
While DAI maintains near-perfect parity with the US dollar, its performance against other cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) reflects broader market trends. Notably, DAI has outperformed many DeFi and stablecoin peers over the last year despite minor depreciation, showcasing resilience in turbulent markets.
Where to Trade Dai (DAI)
DAI is listed on numerous centralized and decentralized exchanges, offering high liquidity and seamless trading pairs. Below are some of the top platforms where users can trade DAI with low slippage and competitive fees:
- Quickswap: Offers the DAI/LGNS pair with a price of $1.13 and $28.51 million in trading volume.
- MEXC: Features DAI/USDT at $0.9998, backed by $13.56 million in daily volume.
- Uniswap (v3): Hosts the DAI/USDT pair on Ethereum at exactly $1.00, with $7.05 million in liquidity.
- HTX (formerly Huobi): Provides DAI/USDT trading at $0.9998 and $6.56 million in volume.
- Uniswap V3 (Polygon): Supports DAI/USDT at $1.13 with $4.99 million in liquidity.
These platforms enable traders and investors to access DAI efficiently across both Ethereum and Layer-2 networks like Polygon, enhancing scalability and reducing transaction costs.
Understanding Dai’s Role in Decentralized Finance
DAI isn’t just another stablecoin—it's the backbone of decentralized borrowing, lending, and yield generation through the MakerDAO ecosystem. Users lock up crypto assets like ETH or WBTC as collateral to generate DAI loans without selling their holdings. This mechanism allows for financial flexibility while maintaining exposure to asset appreciation.
Because DAI is over-collateralized and governed by smart contracts, it operates without reliance on traditional banking systems or centralized issuers. This makes it particularly attractive for users in regions with unstable fiat currencies or restricted financial access.
Furthermore, DAI is integrated into hundreds of DeFi protocols, including Aave, Compound, Curve Finance, and Yearn.finance, where it serves as a base currency for liquidity pools, staking rewards, and automated market making.
Frequently Asked Questions (FAQ)
Q: What is Dai (DAI), and how does it maintain its dollar peg?
A: Dai is a decentralized stablecoin issued by MakerDAO that aims to maintain a 1:1 value with the US dollar. It achieves this through over-collateralized crypto-backed loans and dynamic stability fees managed by governance tokens (MKR). Automated mechanisms adjust incentives to keep DAI close to $1.
Q: Is DAI safer than other stablecoins like USDT or USDC?
A: Many consider DAI safer due to its decentralized structure and lack of reliance on traditional financial institutions. While USDT and USDC are backed by cash and short-term securities, DAI is backed entirely by on-chain crypto collateral, reducing counterparty risk.
Q: Can I earn interest on my DAI holdings?
A: Yes—DAI is widely supported across DeFi platforms where users can lend, stake, or provide liquidity to earn yield. Protocols like Aave and Compound offer variable interest rates based on supply and demand dynamics.
Q: How is DAI different from centralized stablecoins?
A: Unlike USDT or USDC, which are issued by companies and rely on off-chain reserves, DAI is created algorithmically through smart contracts on Ethereum. This ensures full transparency and resistance to censorship.
Q: What happens if the value of DAI deviates from $1?
A: When DAI trades above $1, users are incentivized to generate more DAI by depositing collateral. If it drops below $1, arbitrageurs buy DAI to repay debt at a discount, pushing the price back toward parity.
Q: Where can I store my DAI securely?
A: You can store DAI in any Ethereum-compatible wallet such as MetaMask, Trust Wallet, Ledger, or Trezor. For long-term storage, hardware wallets are recommended for maximum security.
Core Keywords Integration
Throughout this analysis, key terms such as Dai price, DAI USD, live chart, market cap, stablecoin, DeFi, MakerDAO, and crypto collateral have been naturally woven into the narrative to align with common search queries while preserving readability and informational depth.
Whether you're monitoring short-term fluctuations or evaluating long-term utility, DAI remains a foundational asset in the evolving blockchain economy.