Dai

Live dai/INR Price

850.06

Price Changes

0

24h Low

24h High

Live dai/INR Price

850.06

Price Changes

0

24h Low

24h High

dai

DAI Price Statistics

Dai Price Today


Dai Price

85.47


Price Change24h

0.05%


Price Change7d

0.98%


Market Rank

#12


Market Cap

56,078 Cr


Trade Volume24h

3,107 Cr


Circulating Supply

687 Cr. DAI


Trading Activity

20% Buy 80% Sell

  • It provides greater stability than other volatile cryptos.
  • It has a market cap of more than $5.7 billion.
  • It is an Ethereum based ERC-20 token.
  • Besides being a stable coin, it has been able to maintain its position in the top 30 of the largest cryptocurrencies.
  • It can supply any number of Dai tokens in the market.

Dai was launched in December 2017 formulated under the governance of MakerDAO and Maker Protocol. MakerDAO is itself a company that runs in a decentralized way using smart contracts. Dao is the world’s first decentralized stable cryptocurrency. The collateralized assets of other cryptocurrencies back it. The assets are held within smart contracts and not within institutions.

Dai has its official utility token as DAI has been pegged to a US dollar(1 USD). DAI is used as a mode to provide users with various incentives.

  • It is highly composable with other decentralized applications such as Compound.
  • It is more transparent to the users, and also it provides higher security and censorship.
  • DAI holders can also earn interest through DSR(Dai Savings Rate).

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

customer support icon

We're here to help! Speak to our 24/7 customer support team anytime!

Connect Now