DAI
DAI
DAI

DAI price

$1.000
-- (--)
USD
Last updated on --.

About DAI

DAI is a decentralized stablecoin designed to maintain a value equivalent to the U.S. dollar. Unlike traditional fiat-backed stablecoins, DAI is collateralized by a diverse pool of cryptocurrency assets locked within the MakerDAO protocol, a leading decentralized finance (DeFi) platform. This innovative system ensures price stability and transparency without relying on centralized entities. DAI is widely used across the crypto ecosystem for trading, lending, and earning yield in DeFi applications. Its decentralized nature makes it appealing to those seeking financial independence and resilience against regulatory uncertainties. As a stablecoin, DAI bridges the gap between blockchain technology and everyday financial transactions, offering reliability and accessibility to both new and experienced crypto users.
AI insights
Official website
White Paper
Block explorer
CertiK
Last audit: May 1, 2021, (UTC+8)

DAI’s recent prices

Past year
-0.03%
$1.00
3 months
-0.05%
$1.00
30 days
+0.06%
$1.00
7 days
+0.02%
$1.00
DAI’s biggest 24-hour price drop was on Aug 2, 2019, (UTC+8), when it fell by $8,975.99 (-100.00%). In Aug 2019, DAI experienced its biggest drop over a month, falling by $8,975.99 (-100.00%). DAI’s biggest drop over a year was by $8,975.99 (-100.00%) in 2019.
DAI’s all-time low was $0.0011 (+90,854.54%) on Aug 2, 2019, (UTC+8). Its all-time high was $8,976 (-99.99%) on Aug 2, 2019, (UTC+8). DAI’s circulating supply is 4,369,616,156 DAI, which represents 100.00% of its maximum circulating supply of 4,369,616,156 DAI.

DAI performance

$1.000

DAI price today

DAI price today is $1.000, marking a -0.01% over the past 24 hours. On OKX, today’s DAI trading volume reached 161,091,492, worth over $161.17M.

$8,976

DAI all-time high

DAI achieved its all-time high price of $8,976 on Aug 2, 2019, (UTC+8). At today's price of $1.000, DAI price is now -99.99% lower than its historic high.

$1.000

DAI in USD

The current DAI to USD conversion rate is $1.000 per DAI.
62%
Buying
Updated hourly.
More people are buying DAI than selling on OKX
Buy DAI
Sign up today to buy, sell, and track DAI and hundreds of other crypto

Guides

Find out how to buy DAI
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think. Kickstart your journey on the OKX mobile app, or right here on the web.
Dive in
Predict DAI’s prices
How much will DAI be worth over the next few years? Check out the community's thoughts and make your predictions.
Forecast
View DAI’s price history
Track your DAI’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Check it out
Trade DAI in 3 steps

Create a free OKX account

Fund your account

Choose your crypto

DAI FAQ

DAI can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. DAI’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying DAI and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy DAI at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy DAI DAI safely on a trusted exchange like OKX.
Currently, one DAI is worth $1.000. For answers and insight into DAI's price action, you're in the right place. Explore the latest DAI charts and trade responsibly with OKX.
To read this DAI price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, DAI’s price is updated in real-time on our DAI price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping DAI DAI. Refer here for a more detailed guide.
Staking and earning rewards with DAI are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.

DAI is a stablecoin created through the Maker Protocol, a decentralized finance (DeFi) platform built on the Ethereum blockchain. DAI is generated by users who deposit collateral, such as Ether, into Maker Vaults and then mint DAI against that collateral. The Maker Protocol uses a system of smart contracts to ensure that the value of the collateral consistently exceeds the value of the DAI created, which helps to maintain the stability of the DAI token.

Easily buy DAI tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is DAI/USDT.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for DAI with zero fees and no price slippage by using OKX Convert.

DAI holders can store their tokens in various cryptocurrency wallets, including hardware and software wallets. However, storing DAI in a secure wallet is essential to protect it from potential hacks or theft.

We provide a highly secure and multi-chain OKX Web3 Wallet with all OKX accounts. It can safely store DAI or any other cryptocurrency for as long as needed. In addition, the OKX Web3 Wallet features bank-grade security and inbuilt access to hundreds of decentralizedapplications (DApps) and the OKX NFT Marketplace.

The Maker Protocol is a DeFi platform that powers the creation of the DAI stablecoin. The Protocol uses a system of smart contracts to allow users to deposit collateral into Maker Vaults and mint DAI against that collateral.

The Maker Protocol also includes the MakerDAO governance system, which allows users to vote on changes to the platform, such as adjustments to the stability fee or collateralization ratio. The Maker Protocol is designed to be decentralized and transparent, with no central authority controlling the creation or management of DAI.

DAI ensures liquidity for its users through several mechanisms. First, because DAI is a stablecoin with a value pegged to the US dollar, it can be easily exchanged for other cryptocurrencies or fiat currencies.

Additionally, DAI is listed on several cryptocurrency exchanges, including OKX, which provides users access to liquidity in various markets. Finally, the Maker Protocol includes a system of auctions that can be used to buy and sell DAI in the event of extreme market volatility, which helps maintain the token's stability and ensure that users can always access liquidity when they need it.

Unlike other stablecoins backed by fiat currency or commodities, DAI is backed by CDPs on the Ethereum blockchain. This means that DAI's stability is not tied to any centralized authority or external asset, making it a more decentralized and transparent stablecoin option.

Additionally, because the value of DAI is not tied to any specific asset, it can be used in a broader range of applications. As a result, it can be more easily integrated into DeFi ecosystems.

The DAI ecosystem incentivizes stability through a system of penalties and rewards. If the value of DAI falls below its $1 peg, users who hold DAI can vote to increase the stability fee, which increases the cost of creating new DAI and incentivizes users to hold or buy DAI until the price stabilizes. Conversely, if the value of DAI rises above its $1 peg, the stability fee is lowered, incentivizing users to sell DAI and bringing the price back down.

The stability fee is a fee paid by users who generate new DAI through collateralized debt positions (CDPs). The fee incentivizes users to hold or buy DAI when its value falls below the $1 peg.

Suppose the value of DAI falls below $1. In that case, the stability fee is raised, which increases the cost of generating new DAI and incentivizes users to hold or buy existing DAI until the price stabilizes. Conversely, if the value of DAI rises above $1, the stability fee is lowered, incentivizing users to sell DAI and bringing the price back down.

MKR is the native cryptocurrency of the MakerDAO platform, which powers the DAI stablecoin. MKR is used to govern the MakerDAO platform and to vote on changes to the system, such as changes to the stability fee.

Additionally, when users generate new DAI through collateralized debt positions (CDPs), they must pay a small amount of MKR as a transaction fee. The MKR collected from these transaction fees is burned, which reduces the total supply of MKR over time.

The DAI savings rate is an annualized interest rate paid to users who hold DAI in a designated savings account. The DAI savings rate is calculated based on the stability fee, the interest rate charged on collateral deposited in Maker Vaults.

When the stability fee is higher than the DAI savings rate, users are incentivized to hold DAI in the savings account and earn interest rather than using it to generate more DAI. The DAI savings rate can vary over time based on changes to the stability fee and demand for DAI. Holding DAI in the savings account can be a helpful strategy for users who want to earn a return on their assets without exposing themselves to excessive risk.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$4.37B #17
Circulating supply
4.37B / 4.37B
All-time high
$8,976
24h volume
$161.17M
Rating
3.9 / 5
DAIDAI
USDUSD
Derivatives trading is now in the UAE
Sign up
Trade on the go with the OKX app