BTCC/ Crypto Prices / Dai (DAI)
Dai

Dai Price DAI

CAD
C$1.36
-C$0.000070 -0.01%
1D7D1M3M1Y YTD All

Last updated:

View Chart

Dai Today's Price

The 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$172.68M 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 Dai

About Dai

What is Dai (DAI)

Dai (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.

How does Dai work?

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.

Advantages and limitations of Dai

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.

How to buy DAI?

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.

View more

Dai News

View more

Dai FAQ

Why is Dai going up?

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.

 

Is Dai a wise investment based on its price history?

Dai(DAI) has historically grown over time but is volatile. Investment decision should be made based on risk tolerance and long-term strategy.

When will Dai crash again?

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.

What was Dai’s all-time low (ATL)?

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.

 

 

What was Dai’s all-time high (ATH)?

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.

How many Dai are there?

Dai(DAI) currently records a circulating supply of 5.37B, with its maximum supply capped at ∞.

 

What is the current market cap of Dai(DAI)?

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.

What is Dai's 24h trading volume?

Dai's 24h trading volume is C$172.68M, representing the total value of all Dai(DAI) bought and sold across exchanges over the past 24 hours.

What is the current price of Dai(DAI)?

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.

How to Buy Dai: A Useful Guide?

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.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.