DAI
DAI
DAI

DAI price

in EUR
€0.86069
+€0.00017212 (+0.02%)
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Market cap
€3.35B #26
Circulating supply
3.89B / 3.89B
All-time high
€7,724.75
24h volume
€140.72M
3.9 / 5
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About DAI

DAI is a unique type of cryptocurrency known as a 'stablecoin,' designed to maintain a steady value, typically pegged to the US dollar. Unlike other cryptocurrencies that can experience dramatic price swings, DAI offers stability, making it a reliable option for everyday transactions and long-term savings. Built on blockchain technology, DAI operates through smart contracts, ensuring transparency and decentralization. Its primary purpose is to provide a secure and accessible digital currency that anyone can use without relying on traditional banks. DAI is widely used for trading, protecting against market volatility, and even earning interest in decentralized finance (DeFi) platforms. Whether you're new to crypto or looking for a dependable digital asset, DAI offers a safe and versatile entry point into the world of blockchain.
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DAI’s price performance

Past year
+0.04%
€0.86
3 months
+0.04%
€0.86
30 days
+0.06%
€0.86
7 days
+0.00%
€0.86
73%
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Haotian | CryptoInsight
Haotian | CryptoInsight
Recently, compared to the steady rise of $ETH, the performance of $SOL has been somewhat lackluster. $4,300 vs $175, what secrets lie behind this price difference? In my personal understanding, at a deeper level, it is a silent battle about "who is the darling of institutions": 1) ETH has already obtained the "pass" to enter the traditional financial world—after the ETF approval, the cumulative net inflow has exceeded $10 billion, allowing off-exchange funds to enter compliantly, which is equivalent to opening a front door for institutions. On the other hand, SOL's ETF application is still pending, and the current situation is that there is a lack of funding channels, which directly affects price performance. Of course, this can also be interpreted as SOL still having room for a rebound, after all, SOL's ETF is not completely hopeless; it just needs more time to go through the compliance process. The key is that ETH's micro-strategy has already demonstrated a certain institutional FOMO effect under the purchasing power of U.S. listed companies like SharpLink and BitMine, which will drive more corporate treasury fund allocations, creating a huge off-exchange funding momentum for ETH on Wall Street; 2) Currently, the difference in stablecoin scale between ETH and SOL is still significant, with data showing 137B vs 11B. Everyone must be puzzled—why, with American blue-blood genes and on-chain Nasdaq, is Solana lagging so severely in this round of stablecoin wars guided by U.S. stablecoin policies? Actually, it’s not SOL's fault; behind it is the ultimate test of chain infrastructure decentralization, security, and liquidity depth. On Ethereum, USDC (65.5 billion), USDT, and DAI firmly control the stablecoin market, backed by the absolute trust of institutions like Circle and Tether in the Ethereum network; Although the VCs behind SOL are all U.S. investors, the new institutional buyers on Wall Street may not consider so much; they can just look at the reality of the data gap, which may be why SOL cannot close the data scale gap in the short term. However, objectively speaking, SOL's stablecoin growth rate is actually quite good, including PayPal's PYUSD also choosing to focus on Solana, which provides a lot of room for imagination, but patience is still needed; 3) Once upon a time, SOL's on-chain economic vitality was off the charts, with PumpFun daily trading volume exceeding $10 million, and various MEME tokens flying everywhere. But the problem is, it is still in the accumulation phase of large institutions' chips, and big funds care more about compliance channels, liquidity depth, and security records—these "hard indicators"—rather than how many MEMEs are on-chain in PVP. In other words, it is not yet a narrative cycle dominated by retail investors in PVP. Conversely, this on-chain vitality is precisely SOL's differentiated advantage. When the market cycle shifts and retail FOMO is reignited, the innovative gameplay and user base accumulated by SOL may become the ignition point for the next wave of market movement; 4) As SBF's "favorite child," SOL may still be affected by the fallout from the FTX collapse, with the painful drop from $260 to $8 still fresh in memory. Although technically SOL has become completely independent, in the memory of institutions, this correlation is like a scar that will occasionally be brought up. Moreover, the ability to rise from $8 back to $175 itself proves the resilience of the SOL ecosystem. Those teams that continued to build during the darkest times have become the new force in reconstructing the public chain Great Wall of SOL. This experience of rebirth from the ashes may be a good thing in the long run; 5) ETH follows a layer 2 stratification route, which, although criticized for liquidity fragmentation, precisely meets the risk isolation needs of institutions. In contrast, SOL's integrated high-performance route runs everything on a single chain, and this "All in One" model is seen as concentrated risk in the eyes of institutions. So you see, Robinhood's partnership with Arbitrum is an example. From an institutional perspective, ETH's high gas fees have become an advantage for filtering high-value transactions, even though it goes against mass adoption; but the current main theme is not mass adoption, but rather who can win the favor of Wall Street institutions; 6) Finally, I want to add that there is a difference in the accumulation of time consensus. ETH has a 9-year history, while SOL has only 4 years. Although native projects like Jupiter and Jito have already demonstrated world-class product capabilities, there is still a gap in market education, ecological sedimentation, and trust accumulation compared to DeFi giants like Uniswap, AAVE, and MakerDAO. In summary, the painful memories of E-Guardians may give rise to a wave of S-Guardians under a new market FOMO, but this contest, in my view, is essentially a mismatch between institutional narratives and retail narratives at different stages. After all, ETH was not built in a day, and SOL's growth rate is already quite impressive.
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Om Malviya | Superlend 🧡
Om Malviya | Superlend 🧡
🧵 Thread: Why Liquidation Design Matters in DeFi Black Thursday 2020: MakerDAO's DAI depegged to $0.89 as liquidations failed during network congestion. $8.32M in bad debt emerged. This catastrophe highlighted why efficient liquidation mechanisms are CRITICAL. 1/8
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IT Tech
IT Tech
GM future millionaires. ✌️
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DAI FAQ

Currently, one DAI is worth €0.86069. For answers and insight into DAI's price action, you're in the right place. Explore the latest DAI charts and trade responsibly with OKX.
Cryptocurrencies, such as DAI, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as DAI have been created as well.
Check out our DAI price prediction page to forecast future prices and determine your price targets.

Dive deeper into DAI

DAI is a decentralized stablecoin designed to maintain a value of one US dollar. It is a product of MakerDAO, a decentralized autonomous organization (DAO) built on the Ethereum blockchain. The project was proposed by Rune Christensen, the founder of MakerDAO, in 2014 to create a stablecoin that was decentralized, transparent, and backed by collateral.

The first version of DAI, called Single-Collateral Dai, was launched in December 2017 and was initially backed only by Ethereum (ETH). Later, the Dai Stablecoin System evolved into a Multi-Collateral Dai system that allows different assets as collateral to back the stablecoin.

DAI has gained popularity as one of the most widely used decentralized stablecoins in the cryptocurrency ecosystem. By being backed by collateral and not pegged to a fiat currency, DAI can maintain its value stability while being transparent and accessible to everyone.

Unlike traditional stablecoins, such as Tether (USDT) and USD Coin (USDC), which are backed by fiat currency reserves, DAI is backed by collateral. Specifically, it is supported by Ethereum and other ERC-20 tokens deposited into a smart contract called a collateralized debt position (CDP).

The value of the collateral is maintained at a minimum of 150% of the value of the DAI that is issued. This ensures that there is always sufficient collateral to back the stablecoin and maintain its stability.

How does DAI work

The technology behind DAI is complex but can be broken down into several key components. The first component of the DAI technology is the CDP smart contract. This smart contract is used to collateralize assets to back the DAI stablecoin. Users can deposit Ethereum and other ERC-20 tokens into a CDP and receive DAI in return.

The value of the collateral is maintained at a minimum of 150% of the value of the DAI that is issued. This ensures that there is always sufficient collateral to back the stablecoin and maintain its stability.

The second component of the DAI technology is the stability mechanism. The stability mechanism is designed to ensure that the price of DAI remains stable at one US dollar. If the price of DAI rises above one US dollar, then the MakerDAO system incentivizes users to create more DAI by lowering the interest rate on CDPs.

If the price of DAI falls below one US dollar, then the MakerDAO system incentivizes users to buy back DAI by raising the interest rate on CDPs. This mechanism ensures that the price of DAI remains stable over time.

The third component of the DAI technology is the governance system. The governance system is used to manage the MakerDAO platform and make decisions about its future. Anyone who holds the DAI governance token can participate in the governance system.

The system is designed to be decentralized and transparent, with voting rights weighted by the amount of DAI each user holds. The governance system is responsible for making decisions about changes to the platform, such as adjusting the stability mechanism or adding new collateral types.

The final component of the DAI technology is the Ethereum blockchain itself. DAI is built on top of the Ethereum blockchain, which provides a secure and decentralized platform for creating and managing the stablecoin. The Ethereum blockchain stores the smart contracts that power the DAI system and executes transactions between users.

What is DAI used for

The DAI stablecoin is used for various purposes in the cryptocurrency ecosystem. One of its most significant use cases is as a medium of exchange. It can be used to buy and sell goods and services like any other currency. Additionally, it can be used as a store of value, as its price stability makes it an attractive alternative to volatile cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

Another critical use case for DAI is accessing decentralized finance (DeFi) applications. DeFi is a new and rapidly growing field that uses blockchain technology to create financial applications that are decentralized, transparent, and accessible to everyone.

Many DeFi applications use DAI as a stablecoin because it offers a stable value that is not subject to the volatility of other cryptocurrencies. As a result, DAI is used in various DeFi applications, including lending, borrowing, and trading.

The DAI token itself is used to govern the MakerDAO platform. Holders of DAI can participate in the MakerDAO governance system, allowing them to vote on proposals and make decisions about the platform's future. The governance system is designed to be decentralized and transparent; anyone can participate by holding DAI tokens.

About the founders

The founders of MakerDAO are Rune Christensen and Andy Milenius.Rune Christensen is the CEO and co-founder of MakerDAO. He has a background in design and entrepreneurship, having previously founded a web development and design agency. Christensen has been the driving force behind the creation of DAI and the MakerDAO platform.

Andy Milenius was the CTO and co-founder of MakerDAO. He has a background in software engineering, having previously worked at Google and several startups. Milenius was responsible for the technical design of the MakerDAO platform, including the development of the smart contracts that power the system. Milenius left the company in 2019.

The MakerDAO team has created a revolutionary stablecoin backed by collateral and designed to maintain a stable value of one US dollar. The team has a deep understanding of blockchain technology and has been working on the concept of a decentralized stablecoin for several years.

The MakerDAO team is highly respected in the blockchain community and has received several awards and accolades. Additionally, the MakerDAO platform has been recognized as one of the world's most innovative and impactful blockchain projects.

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Market cap
€3.35B #26
Circulating supply
3.89B / 3.89B
All-time high
€7,724.75
24h volume
€140.72M
3.9 / 5
DAIDAI
EUREUR
Buy DAI
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