DAI price

in USD
$1.000
-- (--)
USD
Last updated on --.
Market cap
$4.69B #17
Circulating supply
4.69B / 4.69B
All-time high
$8,976
24h volume
$87.49M
Rating
3.9 / 5
DAIDAI
USDUSD

About DAI

DAI is a decentralized stablecoin designed to maintain a value equivalent to the U.S. dollar. Unlike traditional fiat-backed stablecoins, DAI is collateralized by a diverse pool of cryptocurrency assets locked within the MakerDAO protocol, a leading decentralized finance (DeFi) platform. This innovative system ensures price stability and transparency without relying on centralized entities. DAI is widely used across the crypto ecosystem for trading, lending, and earning yield in DeFi applications. Its decentralized nature makes it appealing to those seeking financial independence and resilience against regulatory uncertainties. As a stablecoin, DAI bridges the gap between blockchain technology and everyday financial transactions, offering reliability and accessibility to both new and experienced crypto users.
AI insights
CertiK
Last audit: 1 May 2021, (UTC+8)

DAI’s price performance

Past year
-0.13%
$1.00
3 months
+0.02%
$1.00
30 days
+0.06%
$1.00
7 days
+0.03%
$1.00
83%
Buying
Updated hourly.
More people are buying DAI than selling on OKX

DAI on socials

EricF
EricF
i just found out there is a voice feature.. but its buggy on @HeyElsaAI, testing it out more later today and tomorrow
EricF
EricF
bookmark this, easy way to farm these @HeyElsaAI is to swap stables.. i usually swap between usdc and dai and back.. this is what I have found to have the least amount of fees..
🎄𝐏𝗵𝘂 𝗕𝗲𝘀𝘁 Ⓜ️Ⓜ️𝗧 | 🌊RIVER
🎄𝐏𝗵𝘂 𝗕𝗲𝘀𝘁 Ⓜ️Ⓜ️𝗧 | 🌊RIVER
#TRON becomes the most important Stablecoin network, carrying the majority of Transactions globally. ⚡️ The dominance of @trondao in the Stablecoin space: #TRON has become the primary payment layer in the world 🌎 for Stablecoins, holding nearly half of the total USDT and processing over $6 trillion in transactions annually, thanks to low fees, scalability, and prioritized mobile access. 🌊 Penetrating emerging markets: Deeply rooted in regions like Latin America, Africa, and Southeast Asia, TRON operates as a practical "digital dollar railway," supporting remittances, micropayments, and financial inclusion through integration with fintech applications. 💡 Strategic evolution: In addition to USDT, #TRON is expanding through initiatives like USDD 2.0, scaling the BitTorrent Chain, and tokenizing real-world assets, while navigating regulations to strengthen its role as a decentralized yet efficient global payment network. 1⃣ Context: The importance of Stablecoins 🔸 #Stablecoins have emerged as the most critical link between traditional finance and the cryptocurrency economy. By combining the familiarity of fiat value with the speed and programmability of blockchain, they reinforce both speculative and practical applications. 🔹 From DeFi lending protocols to cross-border remittances, stablecoins have become the unit of account and payment rail for global cryptocurrency flows. ⏳ The origins of the stablecoin market are closely tied to Ethereum. Early coins like USDC, USDT (initially issued on Omni, later moved to Ethereum), and DAI found their first large-scale adoption in Ethereum's DeFi ecosystem. 👉 However, structural limitations of Ethereum, such as high gas fees, slower confirmation times, and fragmentation across Layer 2 solutions, have constrained the scalability of Stablecoins as a low-cost daily payment medium. --> For many users, especially in developed markets, the economics of using Ethereum have become prohibitive. 📊 See Chart: The average transaction fees of #TRON have stabilized significantly over the years. The gap created by Ethereum's limitations has shaped the next phase of Stablecoin adoption. 🔴 On one hand, institutional users and advanced DeFi participants remain tied to #Ethereum, prioritizing security, interoperability, and ecosystem depth. 🟢 On the other hand, retail users and participants in emerging markets demand cheap, reliable, and fast transfers. This distinction explains the rise of #TRON as a primary payment layer for USDT and highlights why Stablecoins are the most direct practical application of cryptocurrency. 👉 This impact is most evident at the user level. In developed markets, stablecoins serve as collateral assets in lending markets, liquidity at asset management institutions (AMMs), and risk hedging tools for traders. ➡️ In emerging markets, they act as a parallel payment system, allowing individuals to send remittances, hedge against local currency depreciation, and bypass capital restrictions. For this audience, the decisive factor is not interoperability but accessibility: the lowest possible cost to transfer value across borders or platforms. 2⃣ The impact and success of #TRON in emerging markets 🔸 #TRON has become the practical stablecoin payment layer in many developing countries. Its structural advantage with low transaction fees combined with high throughput makes it particularly suitable for cost-sensitive users. --> In regions with unstable currencies, inflationary pressures, or limited banking access, #TRON has truly emerged as a "digital dollar rail" of choice. 🔥 As of September 2025, #TRON holds over 46% of the global #USDT supply, equivalent to $78 billion, and processes over $6 trillion to $7 trillion in stablecoin transactions annually, far surpassing other chains. --> Over 75% of the total #USDT transactions worldwide are now conducted through #TRON, with daily volumes exceeding $25 billion. 📊 When considering only #USDT, #TRON's dominance is even more pronounced. 💫 The accessibility of #TRON is also bolstered by strategic fee policies. A 60% fee reduction in August 2025 spurred a surge in trading activity, allowing #TRON to surpass #Solana and #BNB Chain in terms of daily active addresses. 3⃣ #TRON leads in active user numbers as of August 2025 🔸 On-chain footprints closely resemble the highlighted regions in Chainalysis's 2025 Global Cryptocurrency Adoption Index, where India (#1), Pakistan (#3), Vietnam (#4), Brazil (#5), Nigeria (#6), and Indonesia (#7) dominate. #TRON is the leading stablecoin chain in 35 out of 50 analyzed countries. 🌏 Asia/Southeast Asia (accounting for 60% of new wallets): India, Pakistan, Vietnam, and Indonesia heavily rely on #TRON stablecoins for remittance, savings, and P2P trading activities. 🔥 East Asia is catching up: in South Korea and Hong Kong, stablecoin payments via TRON are becoming increasingly popular as local exchanges provide stronger support. 4⃣ Use cases anchored in Stablecoin utility ✅ Payments & Remittances: #TRON processes over 65 million USDT transactions monthly, averaging 5.5 million transactions per day. Business payments have grown 288% year-over-year, making TRON the default B2B payment channel in some Latin American and Asia-Pacific regions. ✅ Retail and small transactions: With 69 million unique USDT addresses, #TRON dominates small-scale payments, from e-commerce to payroll. ✅ Financial inclusion and DeFi access: Although TRON's DeFi ecosystem is smaller than Ethereum's, 62% of its 1.9 million smart contracts support lending and staking, providing a low-fee alternative in underbanked markets. ✅ Fintech integration: Over 50 mobile applications and fintech platforms in LATAM, Africa, and Asia now integrate TRON stablecoin payments, bringing cryptocurrency into everyday financial infrastructure. 👉 #TRON has established itself as the leading stablecoin chain, particularly for USDT. Currently, this platform holds over half of the global USDT supply, processing $6 trillion to $7 trillion in stablecoin transactions annually and consistently handling USDT transaction volumes exceeding $24 billion daily. 🔥 Over 69 million wallets hold USDT on TRON, driving 9.19 million transactions per day across more than 334 million accounts. The total monthly stablecoin transaction volume exceeds $600 billion, positioning #TRON as the primary global payment layer for dollar-denominated flows. 📊 The success of stablecoin #TRON is evident when compared to other L1s. 📌 SUMMARY: ☄️ The rise of #TRON as a dominant payment platform for stablecoins is one of the pivotal shifts in cryptocurrency infrastructure over the past five years. 👉 Starting as an alternative to #Ethereum for cost-sensitive transactions, #TRON has evolved into a global network processing trillions of dollars annually, supporting hundreds of millions of accounts and anchoring nearly $80 billion in circulating USDT. 📊 The metrics remain clear: #TRON processes the majority of stablecoin transactions globally, often at a fraction of the cost of competitors. 👉 As stablecoins increasingly become the foundation for both DeFi and PayFi applications, #TRON's position makes it one of the most important and closely watched networks in the cryptocurrency space. #TRON #TRONGlobalfriends #trondao #Trondao_VIE
🎄𝐏𝗵𝘂 𝗕𝗲𝘀𝘁 Ⓜ️Ⓜ️𝗧 | 🌊RIVER
🎄𝐏𝗵𝘂 𝗕𝗲𝘀𝘁 Ⓜ️Ⓜ️𝗧 | 🌊RIVER
New Version #TronLink Extension 4.5.3 Released: Important Update For #TRON Blockchain Users !! 🔥LAUNCH: New Version #TronLink Extension 4.5.3: Important Update For #TRON Blockchain Users !! 🗓️ On October 15, 2025, @TronLinkWallet – one of the most popular cryptocurrency wallets for the @trondao network – officially updated to version 4.5.3 for the browser extension (Extension) on Chrome & Edge. 👉 This event marks a new step in enhancing user experience, focusing on fixing known issues and improving security🔒 🌟 New Features in Version 4.5.3 1⃣ Security Optimization: #TronLink maintains multi-layer security, including data encryption, local private key storage, and environment checks. 2⃣ Multi-Network Support: Continues to fully support #TRON, Ethereum, BSC, and BTTC. Users can easily switch between networks. 3⃣ DApp Integration: #Extension includes an integrated #Web3 browser, allowing quick connections to DApps without leaving the browser. 4⃣ Hardware Compatibility: Supports connection to #Ledger Wallet via Bluetooth, enhancing asset protection🔒 ⚙️ Installation Guide & Security Notes To install #TronLink Extension 4.5.3, users should directly access the Chrome Web Store or Edge Add-ons via the official link from the website: 1⃣ Go to the download page at 2⃣ Select the "Extension" tab and click the download button for Chrome or Edge. 3⃣ Follow the instructions on the store to add the extension to the browser. 4⃣ After installation, create or import a new wallet, and check asset balances like TRX, USDT, etc. 💫 In the future, #TronLink plans to continue expanding support for new networks and integrating more DeFi features, contributing to the mission of building a decentralized internet for #TRON. 🔥 With over 90% of #TRON users trusting it, #TronLink remains an essential tool for anyone involved in blockchain. This update event is not just a technical patch but also reaffirms the development team's commitment to providing high-quality, safe products for the Crypto community. 👉 If you are using @trondao, update now to enjoy the latest improvements! @TronDao_VIE #TRON #TRONGlobalfriends #trondao #Trondao_VIE
BlumRidge
BlumRidge
$ZEC flips $DAI and $DOT next to flip is $AVAX . Just get some in case it catches on.

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DAI FAQ

DAI is a stablecoin created through the Maker Protocol, a decentralized finance (DeFi) platform built on the Ethereum blockchain. DAI is generated by users who deposit collateral, such as Ether, into Maker Vaults and then mint DAI against that collateral. The Maker Protocol uses a system of smart contracts to ensure that the value of the collateral consistently exceeds the value of the DAI created, which helps to maintain the stability of the DAI token.

Easily buy DAI tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is DAI/USDT.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for DAI with zero fees and no price slippage by using OKX Convert.

DAI holders can store their tokens in various cryptocurrency wallets, including hardware and software wallets. However, storing DAI in a secure wallet is essential to protect it from potential hacks or theft.

We provide a highly secure and multi-chain OKX Web3 Wallet with all OKX accounts. It can safely store DAI or any other cryptocurrency for as long as needed. In addition, the OKX Web3 Wallet features bank-grade security and inbuilt access to hundreds of decentralizedapplications (DApps) and the OKX NFT Marketplace.

The Maker Protocol is a DeFi platform that powers the creation of the DAI stablecoin. The Protocol uses a system of smart contracts to allow users to deposit collateral into Maker Vaults and mint DAI against that collateral.

The Maker Protocol also includes the MakerDAO governance system, which allows users to vote on changes to the platform, such as adjustments to the stability fee or collateralization ratio. The Maker Protocol is designed to be decentralized and transparent, with no central authority controlling the creation or management of DAI.

DAI ensures liquidity for its users through several mechanisms. First, because DAI is a stablecoin with a value pegged to the US dollar, it can be easily exchanged for other cryptocurrencies or fiat currencies.

Additionally, DAI is listed on several cryptocurrency exchanges, including OKX, which provides users access to liquidity in various markets. Finally, the Maker Protocol includes a system of auctions that can be used to buy and sell DAI in the event of extreme market volatility, which helps maintain the token's stability and ensure that users can always access liquidity when they need it.

Unlike other stablecoins backed by fiat currency or commodities, DAI is backed by CDPs on the Ethereum blockchain. This means that DAI's stability is not tied to any centralized authority or external asset, making it a more decentralized and transparent stablecoin option.

Additionally, because the value of DAI is not tied to any specific asset, it can be used in a broader range of applications. As a result, it can be more easily integrated into DeFi ecosystems.

The DAI ecosystem incentivizes stability through a system of penalties and rewards. If the value of DAI falls below its $1 peg, users who hold DAI can vote to increase the stability fee, which increases the cost of creating new DAI and incentivizes users to hold or buy DAI until the price stabilizes. Conversely, if the value of DAI rises above its $1 peg, the stability fee is lowered, incentivizing users to sell DAI and bringing the price back down.

The stability fee is a fee paid by users who generate new DAI through collateralized debt positions (CDPs). The fee incentivizes users to hold or buy DAI when its value falls below the $1 peg.

Suppose the value of DAI falls below $1. In that case, the stability fee is raised, which increases the cost of generating new DAI and incentivizes users to hold or buy existing DAI until the price stabilizes. Conversely, if the value of DAI rises above $1, the stability fee is lowered, incentivizing users to sell DAI and bringing the price back down.

MKR is the native cryptocurrency of the MakerDAO platform, which powers the DAI stablecoin. MKR is used to govern the MakerDAO platform and to vote on changes to the system, such as changes to the stability fee.

Additionally, when users generate new DAI through collateralized debt positions (CDPs), they must pay a small amount of MKR as a transaction fee. The MKR collected from these transaction fees is burned, which reduces the total supply of MKR over time.

The DAI savings rate is an annualized interest rate paid to users who hold DAI in a designated savings account. The DAI savings rate is calculated based on the stability fee, the interest rate charged on collateral deposited in Maker Vaults.

When the stability fee is higher than the DAI savings rate, users are incentivized to hold DAI in the savings account and earn interest rather than using it to generate more DAI. The DAI savings rate can vary over time based on changes to the stability fee and demand for DAI. Holding DAI in the savings account can be a helpful strategy for users who want to earn a return on their assets without exposing themselves to excessive risk.

Currently, one DAI is worth $1.000. 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.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$4.69B #17
Circulating supply
4.69B / 4.69B
All-time high
$8,976
24h volume
$87.49M
Rating
3.9 / 5
DAIDAI
USDUSD
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