Dai (DAI) Price, Chart & Analysis
Live price, market capitalisation, trading volume and supply for Dai (DAI), with technical levels computed from daily closes on a verified exchange pair.
#21 by market capUpdated 1 minute agoNot financial advice
Updated 1 min ago Source: CoinLore
Market Cap
24h Volume
7d Change
Circulating Supply
03Convert & comparelive rate · benchmarks
Dai converter
DAI to USD
| DAI | USD |
|---|---|
| 0.5 DAI | $0.5000 |
| 1 DAI | $1.00 |
| 2 DAI | $2.00 |
| 5 DAI | $5.00 |
| 10 DAI | $10.00 |
| 50 DAI | $50.00 |
| 100 DAI | $100.00 |
USD to DAI
| USD | DAI |
|---|---|
| $10 | 10.0000 DAI |
| $50 | 50.0000 DAI |
| $100 | 100.0000 DAI |
| $500 | 500.0000 DAI |
| $1,000 | 1,000.00 DAI |
| $5,000 | 5,000.00 DAI |
| $10,000 | 10,000.00 DAI |
Calculated from the live price above. For any other amount or pair, use our full converter.
Compared with Bitcoin and Ethereum
04Toolsfree calculators
Dai calculators
Run the numbers on Dai with our 7 free calculators. They compute in your browser — no account, and nothing is sent anywhere.
05The wider marketrelated assets
Other coins to explore
Assets ranked nearest this one by market capitalisation.
06Research & referencebackground · coverage · FAQ
About Dai
Dai launched in 2017 as an attempt to build a dollar-denominated token that no company issues and no company can freeze. It is the longest-running stablecoin of that kind, and its history is the best available evidence for how the design behaves under stress.
How it works
Dai is created when a user locks collateral in a smart contract and borrows against it. The position must stay over-collateralised — worth more than the Dai it has issued — and if it falls below the required ratio, the collateral is auctioned to repay the debt. Repaying Dai releases the collateral and destroys the tokens. Interest rates on borrowing and on savings are set by holders of the governance token, and those rates are the main lever for pushing the price back toward a dollar when it drifts.
Supply
Supply is uncapped and endogenous: it is simply the total borrowed against collateral at any moment, so it expands when demand for leverage rises and contracts when positions are closed. There is no issuer deciding how much should exist.
What to watch
The composition of the collateral is the substance. Dai began backed by ether, but over time a large share came to be backed by other stablecoins — chiefly USDC — and by tokenised real-world debt. That improves stability and quietly reintroduces exactly the centralised dependency Dai was created to avoid: when USDC briefly lost its peg in March 2023, Dai followed it down. Watch the collateral mix, not the marketing.
Where it is used
Dai is widely used across DeFi as collateral, as a trading pair and as a savings instrument through its rate-bearing version. It is the default choice for people who want dollar exposure without holding a company’s liability.
The risks are real and specific. Over-collateralisation means a sharp fall in collateral value triggers liquidations, and in March 2020 a market crash combined with network congestion caused auctions to clear at near zero, leaving the system undercollateralised and requiring a recapitalisation. Governance is itself an attack surface. And the decentralisation claim now comes with a large asterisk, given how much of the backing is assets that a third party can freeze.
Latest analysis
We have not published anything specific to Dai yet. This is our most recent market analysis.
Frequently asked questions
Key figures stay on the row when a question is closed. Every number updates with the live Dai price.
The asset 2
What is Dai?
Dai launched in 2017 as an attempt to build a dollar-denominated token that no company issues and no company can freeze. It is the longest-running stablecoin of that kind, and its history is the best available evidence for how the design behaves under stress.
Where can I see how DAI has moved?
We do not currently have a verified price history series for this asset, so no chart is shown rather than a line drawn from data we cannot stand behind.
Price and supply 2
What is the price of Dai today?
$1.00
Read server-side from CoinLore on a fixed schedule and cached, so it is an indicative reference figure rather than a quote you can trade on — the exact price depends on your venue. Our methodology documents the provider chain and refresh intervals.
How many DAI are there?
5.37B DAI
That is the circulating supply. This asset has no fixed maximum supply, so issuance is not capped and future dilution is open-ended.
Risk and history 1
Is Dai a good investment?
We do not answer that, and you should be wary of anyone who does. Crypto assets are volatile and you can lose your entire position. Do your own research, size any position so a total loss would not hurt you, and treat every price target you read as the opinion of whoever made it. Our disclaimer sets out our full position.
Not financial advice. Crypto assets are volatile and high-risk. Prices shown are indicative and may be delayed. Always do your own research. Coinpric does not provide financial advice.