Dai price

#22 in the top 100Stablecoin

$1.00−0.01%

Data as of November 11, 2026, 02:11 UTC+3, the price refreshes on the page

Dai is a dollar stablecoin minted by smart contracts against collateral.

Market cap: $4.49B
24h volume: $166.3M
Volume / market cap: 3.70%
Fully diluted value: $4.49B
Circulating supply: 4.49 B DAI
Total supply: 4.49 B DAI
Max supply: no cap
24h range: $0.9997 … $1.00
All-time high: $1.22March 12, 2020

Dai chart

1 hour0.00%

24 hours−0.01%

7 days0.00%

30 days−0.01%

1 year−0.01%

Price in US dollars, data from CoinGecko

Analytics

What the numbers say about how the coin behaves. Based on hourly prices over 7 days and data as of November 11, 2026, 02:11 UTC+3.

Volatility

1%low

The price barely moves, as a stablecoin should.

Dollar peg

$1.00holding

Now 0.00% away from $1, at most 0.05% over 7 days.

Liquidity

3.7%normal

A day’s trading equals 3.7% of market cap: a stablecoin is used for settlement, so heavy turnover is normal.

Market share

0.18%small

Share of the top-100 market cap.

What is Dai

Dai (DAI) is a stablecoin pegged to the US dollar that is issued not by a company but by smart contracts on Ethereum. The protocol behind it, MakerDAO, was founded in 2014 by Danish entrepreneur Rune Christensen and rebranded as Sky in August 2024. The first version of DAI launched in December 2017 and was backed only by ether. In November 2019 it was replaced by today’s multi-collateral DAI, and the old token was renamed SAI.

New DAI is created when a user locks collateral in a protocol vault and borrows DAI against it. The collateral must be worth noticeably more than the loan: if its value falls below a set threshold, the position is sold at auction to repay the debt. Over time, crypto collateral such as ETH and wBTC was joined by USDC held in the Peg Stability Module and by real-world assets, including US Treasuries. Holders of the SKY governance token vote on the system’s parameters; voting moved there from MKR in 2025.

DAI is used across decentralized finance as a unit of account, as collateral in lending protocols and as a way to hold dollar value without a bank account. Unlike USDT and USDC, the DAI contract has no freeze function, so the issuer cannot block coins at a specific address. Since 2024 the ecosystem’s main stablecoin has been USDS: DAI can be swapped for it one to one in both directions, and DAI itself keeps working as before.

What it’s used for

holding dollar value on Ethereum without a bank account
collateral and loans in DeFi protocols
payments and swaps on decentralized exchanges
one-to-one conversion into USDS

Risks

reliance on its backing: a large share sits in USDC and real-world assets held by off-chain custodians, and in March 2023 DAI briefly lost its peg along with USDC
in a sharp market crash, collateral liquidations can leave the system with losses, as happened in March 2020
governance token holders set the rules, and Sky’s development now centers on USDS

Contract addresses

Check the contract address before you buy or send: fake tokens copy the name and ticker, but their address is different.

Network	Contract	Open
Ethereum (ERC-20)	`0x6b175474e89094c44da98b954eedeac495271d0f`	Open

Check a DAI address before the deal

mexm AML shows where the coins came from: scams, darknet, mixers, sanctions. Networks: Ethereum (ERC-20). First check free.

Check an address

Questions

How much is Dai worth today?

As of November 11, 2026, Dai trades at $1.00. Over 24 hours the price moved −0.01%, over 7 days 0.00%. The price on this page refreshes automatically.

How many DAI are in circulation?

4.49 B DAI are in circulation. There is no maximum supply. The fully diluted value of all coins is $4.49B.

How is DAI different from USDT?

USDT is issued by the company Tether against reserves it holds, and Tether can freeze specific addresses. DAI is minted by smart contracts against collateral, and its contract cannot block coins at an address.

What happened to DAI after MakerDAO became Sky?

DAI still works. A new stablecoin, USDS, launched alongside it and converts with DAI one to one in both directions, while the MKR governance token has been replaced by SKY through a one-way upgrade.

How do I check a DAI address for AML risk?

Open @AMLmexmBot, pick the network (Ethereum (ERC-20)) and send a wallet address or a transaction hash. The bot shows the risk score in percent and where the funds came from. Your first check is free.

Prices and analytics are for information only and are not investment advice. Market data source: CoinGecko.