Last updated:
View ChartDai is an algorithmic stability coin issued by MakerDAO, an Ethereum based protocol designed to maintain a precise ratio of one to one with the dollar. It is mainly used as a means of lending and borrowing encrypted assets without intermediaries – creating an unlicensed system with transparency and minimal restrictions.
MakerDAO was first proposed by CEO and founder Rune Christensen in 2015, and the maker agreement — the infrastructure of Dai stablecoin — was launched in December 2017.
MakerDAO’s Dai model is different from other leading stablecoin. First, Dai has an unprecedented degree of decentralization. Although stablecoin such as tether (usdt) provide a cryptocurrency supported by a reserve of legal currency assets managed by a central organization, no entity controls the issuance of Dai. Instead, users who want to hold Dai submit Ethereum based assets to a smart contract that uses these assets as collateral to maintain the Dai’s peg to the dollar.
Secondly, unlike most stablecoin, which use single legal currency or cryptocurrency as collateral, Dai can use different cryptocurrencies as collateral: Ethereum (ETH), basic concern token (BAT), dollar currency (usdc), packaged bitcoin (wbtc), composite currency (COMP), etc. At the beginning of its establishment, maker protocol only supported Ethereum as collateral. However, in November 2019, the technology was updated to include bat and usdc, creating today’s multi mortgage Dai system. The increase in the number of mortgaged currencies reduces the risk of users and improves the price stability of Dai. New collateral options will continue to increase through the vote of the MakerDAO community.
Third, Dai token holders earn interest on their Dai. Those who hold MKR (maker Dao’s native governance token) set the Dai savings rate (DSR) and act as the guarantor of Dai – which means that their MKR tokens can be liquidated if the system crashes. This structure encourages the guarantor to ensure the normal operation of the Dai system and its mortgage tokens.
Dai is an erc-20 token that can be purchased from centralized and decentralized exchanges (DEX). In addition, you can create and borrow Dai by opening a maker collateral vault through MakerDAO’s Oasis mirror dashboard and depositing Ethereum based assets as collateral. The maker collateral vault — previously known as collateralized debt positions (CDPS) in the early iterations of the maker agreement — is a smart contract that holds the collateral until the borrowed Dai is returned.
The value of the collateral you deposit must always exceed the value of the Dai you issue. If the value of the collateral is less than the value of the Dai token issued, your collateral will be liquidated. Dai is one of the most comprehensive digital assets in the blockchain ecosystem. Once borrowed, it can be used for decentralized financial (defi) applications or blockchain based games, as well as elsewhere.
Dai is soft linked (or linked) to the value of the US dollar. The greater price stability brought by Dai stablecoin urges investors to regard Dai not only as a stable long-term value storage, but also as a feasible choice for daily transactions, which greatly expands the utility of blockchain technology and the whole cryptocurrency system.
As of right now, the live price of Dai (DAI) is $0.9999. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated DAI to USD rate at the top of BTCC’s price page. In terms of market scope, Dai records a 24h trading volume of $37.03M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $4.64B. Its current circulating supply stands at 4.64B out of a maximum supply cap of ∞.
The price volatility of Dai (DAI) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (4.64B) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Dai (DAI) hit an all-time high (ATH) of $3.67 on 2021-11-16 07:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.8970 on 2023-03-11 07:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading DAI futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($37.03M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s DAIUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Dai, simply log into your BTCC account with USDT margin available, navigate to the DAIUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for DAIUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.9999), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for DAIUSDT with zero financial risk.
Dai(DAI) has historically grown over time but is volatile. Investment depends on risk tolerance and long-term strategy.
Predicting the exact timing of a Dai crash is impossible, as the market is influenced by a complex mix of global economics, regulation, and investor sentiment.
For a long-term investor, understanding this cyclical nature is more valuable than trying to time the next crash. Also visit the BTCC Academy section for technical and marketing information.
The Dai All-Time Low (ATL) price was $0.8970, recorded on 2023-03-11 07:45. This stands as the lowest price for Dai(DAI) on record.
The Dai All-Time High (ATH) was $3.67, recorded on 2021-11-16 07:40. This represents the highest price Dai has ever reached. Please note that this is a historical record, and the live price fluctuates constantly. We recommend monitoring the live DAI price for the most up-to-date information.
Dai(DAI) currently has a circulating supply of 4.64B, with its maximum supply capped at ∞.
The current market cap of Dai(DAI) is $4.64B. The market cap of a cryptocurrency refers to its total circulating supply multiplied by its current price.
Dai's 24h trading volume is $37.03M, representing the total value of all Dai(DAI) bought and sold across exchanges in the past 24 hours.
The current Dai price is $0.9999. As the DAI price changes constantly, BTCC offers real-time DAI to USD prices that can be accessed at the top of our crypto price page.