Create a Coinbase account to buy and sell Dai on the most secure crypto exchange.
Dai is on the rise this week. ↗
The current price is $1.00 per DAI with a 24-hour trading volume of $140.05M. Currently, Dai is valued at 26.84% below its all time high of $1.37. This all-time high was the highest price paid for Dai since its launch.
The current circulating supply of Dai is 5,365,382,702.665 DAI which means that Dai has as total market cap of $5,365,194,479.30.
Market cap
$5,365,194,479.30
Popularity
#23
Circulating
$5,365,382,702.66
Max Supply
Not enough data
Hold time
Not enough data
Volume (24h)
$140,054,492.89
↘ 6.89%
Volume (30D)
$4,736,057,888.58
Volume (7D)
$943,128,148.50
All time high
$1.37
Performance (1Y)
↘ 0.01%
Vs. Market (1Y)
↘ 22.39%
Vs. BTC (1Y)
↘ 33.11%
Vs. ETH (1Y)
↗ 81.07%
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Dai launched on Coinbase on May 15, 2019 at 12:00 AM
Networks and tags
defi
stablecoin
asset-backed-stablecoin
usd-stablecoin
Dai (DAI) is a stablecoin designed to maintain a value close to the U.S. dollar. It operates on the Ethereum blockchain and is managed by the Maker Protocol, a decentralized system governed by MakerDAO. Unlike traditional fiat-backed stablecoins, Dai is generated through a system of collateralized debt positions (CDPs), where users lock up various crypto assets to create Dai. The protocol is designed to maintain its stability algorithmically through smart contracts and decentralized governance.
Dai is created when users deposit accepted cryptocurrencies into Maker Vaults within the Maker Protocol. These vaults serve as collateralized positions, ensuring that Dai remains overcollateralized to support its stability. Depending on the asset used, the collateralization ratio typically ranges from 101% to 175%. If the collateral falls below the required threshold, the system automatically liquidates it to maintain stability. Issuance and burning of Dai are executed through Ethereum-based smart contracts, ensuring transparency and minimizing reliance on centralized entities.
Dai seeks to provide stability in a volatile cryptocurrency market by maintaining a predictable value. It is widely used in decentralized finance (DeFi) applications, including lending, borrowing, and payments. Merchants and businesses can use Dai as a medium of exchange, while traders and investors utilize it to hedge against market fluctuations. Dai is also integrated into smart contracts, allowing developers to build applications that require a stable digital asset.
Dai was developed by MakerDAO, a decentralized organization founded by Rune Christensen in 2015. The original version, Single-Collateral Dai (SAI), launched in 2017 and was backed exclusively by Ether. In 2019, MakerDAO introduced Multi-Collateral Dai, allowing various crypto assets to be used as collateral. The ecosystem has continued to expand, with Dai becoming one of the most widely used decentralized stablecoins.
We update our Dai to USD currency in real-time. Get the live price of Dai on Coinbase.
The current market cap of Dai is $5.37B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Dai is $1.37. This all-time high is highest price paid for Dai since it was launched.
Over the last 24 hours, the trading volume of Dai is $140.05M.
Assets that have a similar market cap to Dai include Hyperliquid, Bitget Token, Polkadot, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Dai is 5.4 billion.
Dai ranks 57 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 97% of Coinbase users are buying Dai. In other words, 97% of Coinbase customers have increased their net position in Dai over the past 24 hours through trading.
Yes, Dai is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Dai guide.
Date | Price | Change |
|---|---|---|
Today (April 27, 2025) | $1.00 | +0.00% |
24 hours ago (April 26, 2025) | $1.00 | +0.00% |
1 week ago (April 20, 2025) | $1.00 | +0.01% |
1 month ago (March 27, 2025) | $1.00 | +0.00% |
1 year ago | $1.00 | -0.01% |
Earn $50 when you buy $50 in crypto
4,143 unique individuals are talking about Dai and it is ranked #350 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Dai has an average sentiment score of 90 out of 5. Finally, Dai is becoming less newsworthy, with 6 news articles published about Dai.
On Twitter, people are mostly neutral about Dai. There were 7.01% of tweets with bullish sentiment compared to 3.54% of tweets with a bearish sentiment about Dai. 92.99% of tweets were neutral about Dai. These sentiments are based on 1333 tweets.
On Reddit, Dai was mentioned in 494 Reddit posts and there were 6903 comments about Dai. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Contributors
4,143 people
Posts
771 posts
Dominance
0.09%
Volume rank
#350
Average Sentiment
90 out of 5
News Articles
6
Tweet Count
1,333 people
Sentiment
6.77%
Bullish
89.81%
Neutral
3.42%
Bearish
Posts
494
Comments
6,903
Messari • Apr 17, 25
Mapping the Use Cases Driving Stablecoin Adoption
This report examines the current state of stablecoin adoption by analyzing four major use cases: their role as collateral on centralized exchanges, the rise of yield-bearing stablecoins, peer-to-peer payment activity, and their positioning as a store of value in emerging markets. It draws on a mi...
Read more
CoinDesk • Apr 16, 25
Resolv Labs Raises $10M as Crypto Investor Appetite for Yield-Bearing Stablecoins Soars
Stablecoins are "perfect rails for yield distribution," the protocol's CEO and founder Ivan Kozlov said in an interview.
Read more
The Block • Apr 15, 25
Standard Chartered expects stablecoin supply to surge to $2 trillion by 2028
Potential stablecoin legislation in the U.S. could drive a nearly 10x increase in stablecoin supply by 2028, according to Standard Chartered.
Read more
CoinDesk • Apr 15, 25
Stablecoin Market Could Grow to $2T by End-2028: Standard Chartered
The passage of the Genius Act in the U.S., expected in coming months, will further legitimize the stablecoin industry, the report said.
Read more
CoinDesk • Apr 10, 25
Stablecoins Are a 'WhatsApp Moment' for Money Transfers, a16z Says
Stablecoins are revolutionizing global money transfers by reducing costs and eliminating intermediaries.
Read more
CoinDesk • Apr 07, 25
Can Non-USD Stablecoins Compete?
Most stablecoins, including the two clear market leaders, are dollar-based. Michael Egorov, founder of decentralized exchange Curve Finance, asks if stablecoins based in other currencies can gain traction.
Read more
Learn how we collect your information by visiting our Privacy Policy.
POWR - KYD
Powerledger - Cayman Islands Dollar
VOXEL - OMR
Voxies - Omani Rial
BICO - SLL
BICONOMY (BICO) - Sierra Leonean Leone
ZETA - BTN
Zetachain - Bhutanese Ngultrum
NKN - ARS
NKN - Argentine Peso
PYUSD - NZD
PayPal USD - New Zealand Dollar
INJ - SCR
Injective - Seychellois Rupee
GTC - ETB
Gitcoin - Ethiopian Birr
A selection of cryptocurrencies in the top 50 by market cap.
Of all the assets on Coinbase, these 12 are the closest to Dai in market cap.
A selection of other relevant cryptocurrencies
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.
