Dai

Dai PriceDAI

$0.999772
$0.000073+0.01%

Last updated--

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Dai Price Today

Current DAI/USD real-time price is $0.999772, with a 24-hour change rate of +0.01% and a 7-day change rate of -0.00%. DAI currently ranks #18 globally by market cap, with a total market cap of $4.594771B, a fully diluted valuation (FDV) of $4.594771B, and a 24-hour trading volume of $41.196788M. In terms of supply, DAI has a maximum supply of ∞, a current circulating supply of 4.6B, with 100.00% already in circulation and 0.00% remaining to be unlocked.

About Dai

Dai is an algorithmic stability coin issued by MakerDAO, an Ethereum based protocol designed to maintain a precise ratio of one to one with the dollar. It is mainly used as a means of lending and borrowing encrypted assets without intermediaries – creating an unlicensed system with transparency and minimal restrictions.

 

The Birth of Dai

MakerDAO was first proposed by CEO and founder Rune Christensen in 2015, and the maker agreement — the infrastructure of Dai stablecoin — was launched in December 2017.

MakerDAO’s Dai model is different from other leading stablecoin. First, Dai has an unprecedented degree of decentralization. Although stablecoin such as tether (usdt) provide a cryptocurrency supported by a reserve of legal currency assets managed by a central organization, no entity controls the issuance of Dai. Instead, users who want to hold Dai submit Ethereum based assets to a smart contract that uses these assets as collateral to maintain the Dai’s peg to the dollar.

Secondly, unlike most stablecoin, which use single legal currency or cryptocurrency as collateral, Dai can use different cryptocurrencies as collateral: Ethereum (ETH), basic concern token (BAT), dollar currency (usdc), packaged bitcoin (wbtc), composite currency (COMP), etc. At the beginning of its establishment, maker protocol only supported Ethereum as collateral. However, in November 2019, the technology was updated to include bat and usdc, creating today’s multi mortgage Dai system. The increase in the number of mortgaged currencies reduces the risk of users and improves the price stability of Dai. New collateral options will continue to increase through the vote of the MakerDAO community.

Third, Dai token holders earn interest on their Dai. Those who hold MKR (maker Dao’s native governance token) set the Dai savings rate (DSR) and act as the guarantor of Dai – which means that their MKR tokens can be liquidated if the system crashes. This structure encourages the guarantor to ensure the normal operation of the Dai system and its mortgage tokens.

 

How Does Dai Token Work

Dai is an erc-20 token that can be purchased from centralized and decentralized exchanges (DEX). In addition, you can create and borrow Dai by opening a maker collateral vault through MakerDAO’s Oasis mirror dashboard and depositing Ethereum based assets as collateral. The maker collateral vault — previously known as collateralized debt positions (CDPS) in the early iterations of the maker agreement — is a smart contract that holds the collateral until the borrowed Dai is returned.

The value of the collateral you deposit must always exceed the value of the Dai you issue. If the value of the collateral is less than the value of the Dai token issued, your collateral will be liquidated. Dai is one of the most comprehensive digital assets in the blockchain ecosystem. Once borrowed, it can be used for decentralized financial (defi) applications or blockchain based games, as well as elsewhere.

 

Stability Advantages and Security Functions of Dai Holders

Dai is soft linked (or linked) to the value of the US dollar. The greater price stability brought by Dai stablecoin urges investors to regard Dai not only as a stable long-term value storage, but also as a feasible choice for daily transactions, which greatly expands the utility of blockchain technology and the whole cryptocurrency system.

 

How to Buy and Use Dai

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsDai is instantly credited to your BTCC account, ready for trading at any time.

Related Trading

Choose Dai products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for DAI are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

Dai FAQs

What is the live price, market cap, and 24h volume of Dai (DAI)?

As of right now, the live price of Dai (DAI) is $0.999772. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated DAI to USD rate at the top of BTCC’s price page. In terms of market scope, Dai records a 24h trading volume of $41.196788M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $4.594771B. Its current circulating supply stands at 4.6B out of a maximum supply cap of ∞.

Why does the price of Dai (DAI) fluctuate, and what drives its volatility?

The price volatility of Dai (DAI) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (4.6B) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.

What are the all-time high (ATH) and all-time low (ATL) for Dai (DAI)?

Looking at its historical price performance, Dai (DAI) hit an all-time high (ATH) of $3.668398 on 2021-11-16 07:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.897003 on 2023-03-11 07:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.

How to read the Dai (DAI) price chart for futures trading?

When trading DAI futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($41.196788M), as price breakouts accompanied by strong volume offer higher reliability.

How to profit from Dai (DAI) price drops? (Short Selling Guide)

Unlike spot trading where you can only profit from rising prices, BTCC’s DAIUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Dai, simply log into your BTCC account with USDT margin available, navigate to the DAIUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.

Can I trade Dai (DAI) perpetual futures with high leverage on BTCC?

Yes. BTCC offers flexible, high-tier leverage options for DAIUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.

How to practice Dai (DAI) futures trading with a free demo account?

Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.999772), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for DAIUSDT with zero financial risk.

Step-by-step guide: How to buy and trade Dai (DAI) on BTCC?

Trading Dai (DAI) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for DAIUSDT, and review its live price ($0.999772) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.

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.