Market
Dai
Buy
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One time
SGD
DAI
≈
7.802
DAI
$50
$150
$500
Explore DAI in Onchain
DAI may be available for swapping via Onchain, our official decentralised product. Try it now.
Explore DAI in Onchain
DAI may be available for swapping via Onchain, our official decentralised product. Try it now.
DAI
$1.2817
-0.96%
Market cap
$6.88B
Rank
#20
24H volume
$181.94M
Circulating supply
5.37B DAI
100% of total
All-time high
$1.52
-18.28%
All-time low
$0.58
54.61%
Total supply
5.37B DAI
| Time | Price | Change |
|---|---|---|
| Today | 0.00% | |
| 1 day | -$0.01 (1.10%) | |
| 1 week | -$0.01 (1.09%) | |
| 1 month | -$0.0065 (0.54%) | |
| 1 year | -$0.02 (1.21%) |
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Dai (DAI) is a decentralised, collateral-backed stablecoin that is soft-pegged to the US dollar and is based on the Ethereum blockchain. Dai is backed by collateralised assets, which is composed of other cryptocurrencies held within smart contracts every time new DAi is minted.
Created in December 2017 by decentralised autonomous organisation MakerDAO and crypto lending platform Maker Protocol. The current iteration of DAI was created in December 2019, replacing its previous stablecoin iteration known as the Single Collateral Dai (SAI).
When the current iteration of DAI was released in 2019, it was generated through the Maker Protocol, a smart contract lending platform that offers loans to users who lock in their collateral in the form of cryptocurrencies. This collateral is then exchanged for DAI, which is a multi-collateral asset provided by Maker, which soft-pegs DAI to the US dollar to help mitigate price volatility.
Dai services crypto traders and investors in need of safe-haven assets to their portfolios. Dai’s relatively stable price helps offset significant market fluctuations, making it a blockchain-native solution for crypto users.
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