Bitcoin Halving

Dai

DAI

What is CoinDesk20?

The CoinDesk20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.

These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.

Price
$1.01
24 Hour % Change
0.14%
Market Cap
$594.42M
Volume (24h)
$133.05M
Linear
Log
to
1h12h1d1w1m3m1y
Key metrics
24 Hour Low
$1.00
24 Hour High
$1.01
Net change
$0.001434
24 Hour Open
$1.01
All time high
$1.22
Total Supply
589.82M
Returns (24H)
0.06%
Returns (YTD)
2.55%
Volatility (30d)
0.02
Transaction Count (24h)
10,074
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$83.60M

About Dai

Category
Stablecoin
Value proposition
Digital fiat

Dai is a decentralized cryptocurrency built on Ethereum stabilized to the value of U.S. dollars. The asset is pegged 1:1 to dollars via what is known as the Maker (MKR) Dai Stablecoin System. Unlike other popular stablecoins whose value is backed directly by USD, cryptocurrency collateral, which can be viewed publicly on the Ethereum blockchain, keeps dai’s value stable. Dai is a key component of many decentralized apps, or dapps, in the decentralized finance, or DeFi, ecosystem that is built on the Ethereum platform. With dai, DeFi users are able to use the asset’s stability to lend, borrow and invest on various different dapps. Note: The market cap and circulating supply figures here reflect only the supply of DAI that exists as an ERC-20 token. Additional DAI are recorded elsewhere, for example in DAI Savings Rate (DSR) lock-ups, and not included in the numbers published here.

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Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.

Foundations - Consensus: Distributed