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View ChartThe real-time price of Dai today is C$1.36(DAI/CAD), with a market capitalization of C$7.32B CAD. The 24-hour trading volume is C$172.71M CAD. The price of DAI to CAD updates in real time. Over the past 24 hours, Dai has changed by -0.01%, with a circulating supply of 5.37B.
Buy DaiDai (DAI) is a decentralized stablecoin on the Ethereum blockchain that is designed to maintain a 1:1 peg with the US dollar. Unlike traditional stablecoins, which are backed by centralised dollar reserves, Dai achieves stability through collateralized crypto assets. It is generated by the Maker Protocol and managed by MakerDAO, a decentralised autonomous organisation (DAO) that is governed by MKR token holders. Launched in 2017 by Danish entrepreneur Rune Christensen, Dai offers individuals and businesses a low-volatility digital asset.
Dai’s stability relies on a Collateralized Debt Position (CDP) mechanism. Users lock Ethereum (ETH) or other supported ERC-20 tokens in smart contracts as collateral to generate Dai. For instance, depositing $200 worth of ETH could enable the creation of 100 Dai, with over-collateralization (usually 150% or more) ensuring value stability. If the value of the collateral drops, the system automatically sells some of it to maintain the peg. Repaying Dai burns it, releasing the collateral. Dai’s supply adjusts dynamically based on market demand, with no fixed cap.
Dai’s strengths include decentralization and stability. As it is free from single-entity control, it offers transparency and trust, making it popular in decentralized finance (DeFi) for lending and payments. As a stablecoin, Dai protects users from crypto market volatility and enables risk reduction during downturns. However, over-collateralization reduces capital efficiency and rapid drops in collateral prices can trigger liquidations, resulting in losses.
The easiest way to buy DAI is through a crypto exchange like BTCC. BTCC makes purchasing DAI easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first DAI purchase, register with BTCC today.
Dai's price is increasing due to demand outstripping supply, driven by widespread adoption, positive news, and investor optimism. For in-depth analysis, visit our BTCC Academy.
Dai(DAI) has historically grown over time but is volatile. Investment decision should be made based on risk tolerance and long-term strategy.
Predicting the exact timing of a Dai crash is impossible, as the market is affected by a complex mix of global economics, regulation, and investor sentiment.
For a long-term investor, understanding this cyclical nature is more valuable than trying to time the next crash. Also visit the BTCC Academy section for technical and marketing information.
The Dai All-Time Low (ATL) price was 0.8970032280541823, which was recorded on 2023-03-11 07:45. This stands as the lowest price for Dai(DAI) on record.
The Dai All-Time High (ATH) was C$5.01, which was recorded on 2021-11-16 07:40. This represents the highest price Dai has ever reached. Please note that this is a historical record, and the live price fluctuates constantly. We recommend monitoring the live DAI price for the most up-to-date information.
Dai(DAI) currently records a circulating supply of 5.37B, with its maximum supply capped at ∞.
The current market cap of Dai(DAI) is C$7.32B. A cryptocurrency's market cap refers to its total circulating supply multiplied by its current price.
Dai's 24h trading volume is C$172.71M, representing the total value of all Dai(DAI) bought and sold across exchanges over the past 24 hours.
The current Dai price is C$1.36. As the DAI price fluctuates constantly, BTCC offers real-time DAI to USD prices that can be accessed at the top of our crypto price page.
Dai can be purchased directly on BTCC using fiat currency or other cryptocurrencies. As a leading crypto futures exchange, BTCC offers over 350 futures contracts with flexible leverage of up to 500x, including DAIUSDT.