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Dai Price

(DAI)

TRY(₺)

Note: This cryptocurrency has not yet been officially listed on KuCoin TR.

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Dai (DAI) Live Price Chart

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    DAI(DAI) Profile

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    ATH
    ₺176.28
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    4.56B
    Max Supply
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    About Dai

    • What is Dai (DAI) Crypto?

      Dai (DAI) is a decentralized stablecoin that allows businesses and consumers to enjoy the benefits of blockchain technology to power digital payments. The price-stable cryptocurrency DAI is pegged to the US dollar and is governed by the decentralized community within the Maker Protocol, the issuer of the DAI stablecoin.

      As of June 2022, Dai enjoys integration with more than 400 dApps, digital wallets, DeFi protocols, blockchain-based games, and other services. It is one of the first stablecoins in the crypto market, with the project launching in 2014.

      DAI is an Ethereum-based, fully collateralized decentralized stablecoin whose functioning is overseen by the MakerDAO, one of the very first decentralized autonomous organizations in the crypto and blockchain space. Maker envisioned Dai to be a price-stable digital asset that can be used for lending and digital payments without the inherently volatile nature of cryptocurrencies.

      It offers a faster and cheaper way to send and receive payments worldwide on the Ethereum blockchain, thanks to the power of smart contracts. Adopters of the Dai stablecoin can enjoy using cryptocurrencies without worrying about market volatility and severe price fluctuations, one of the biggest deterrents to mainstream adoption of crypto assets for payments.

    • How Does DAI Work?

      The governance of the Dai stablecoin and MakerDAO is undertaken by MKR token holders. The token holders who make up Maker Protocol’s decentralized autonomous organization (DAO) manage the policy that maintains the price stability mechanism of the DAI coin.

      Their responsibilities include selecting new types of collateral and contributing to governance by voting on new proposals within the community. Created in 2014, MakerDAO is one of the oldest and most successful DAOs on the Ethereum blockchain.

      Each DAI crypto that makes up the circulating supply is backed by excess collateral to cushion any extreme volatility in the crypto market. The completely collateralized mechanism ensures that the DAI price always remains pegged to the US dollar, irrespective of market conditions.

      In addition, Maker has ensured complete transparency in all transactions related to Dai to increase investor confidence in the digital asset. The deposits that back the DAI price are deposited in Maker Vaults on the Maker Protocol powered by smart contracts. The kind of assets accepted by these Maker Vaults is voted on by the MKR token holders - the governance token of the MakerDAO.

      Users generate Dai when Maker takes on more collateral in the form of Ethereum-based assets approved by MKR holders. Maker Vaults are non-custodial in nature, giving users independent control over the assets they deposit as collateral as long as their value remains above a minimum threshold level.

    • What Can Dai Stablecoin be Used For?

      The Dai stablecoin is a highly versatile digital asset which can be used in the following ways:

      Enable Digital Payments

      Dai can be used just like fiat currencies to send and receive payments online, anywhere in the world. Powered by the Ethereum blockchain, transactions in DAI are faster and cheaper than fiat currency or other mainstream payment methods to transfer money online.

      Store of Value

      As a stablecoin that maintains a peg to the US dollar, the price of Dai sees little to no fluctuation. Dai holders can conveniently store capital online in a secure and encrypted manner on the blockchain and access it from anywhere, depending on the kind of digital wallet you use.

      Buy Goods and Services

      The DAI stablecoin can be used to purchase goods and services from businesses online and offline in some cases. Several companies accept Dai as a payment option as it is a safer crypto asset than the price volatile cryptocurrencies like Bitcoin and Ethereum.

      Crypto Asset to Trade and HODL

      Dai is an exciting crypto asset to invest in, trade against other cryptocurrencies, or hold in the long term. As a price-stable asset, it’s a helpful base crypto when trading in the market and a valuable way to store your trading capital, protecting it against price volatility the crypto market is notorious for. Ensure that you check the latest Dai price, market cap, and 24-hour trading volume and perform technical, sentiment, and fundamental analysis on the DAI's price action before trading the crypto.

      Earn Passive Income

      You can deposit your DAI holdings on DeFi platforms by lending liquidity and earning attractive returns to grow your assets. This is a great way to utilize the Dai stablecoin if you plan on HODLing it in the long term. Make sure you check the latest Dai savings rate before signing up for such services on your accounts.

    FAQ

    Is Dai (DAI) a Good Investment?

    Dai is one of the most low-risk cryptocurrencies you could invest in. You can consider adding it to your portfolio if you are looking for a safe way to enter the crypto market and especially if you want to try using digital assets as a payment method.

    DAI is one of the largest stablecoins in the crypto market by market cap, trading volume, and liquidity. As an asset backed by extra collateral, it is also one of the most reliable stablecoins to hold without worrying about it losing its peg to the US dollar, as has happened with some of its peers in times of extreme market volatility.

    The DAI price rarely fluctuates from its peg to the USD, thanks to its solid reserves of collateral handled by the decentralized autonomous organization, MakerDAO. It is an excellent investment option if you want to diversify your crypto capital and hold some of your crypto capital in a price-stable asset.

    You could also invest in DAI token if looking for a low-risk way to make money off cryptocurrencies. HODLing DAI and lending liquidity is a great way to generate passive income and grow your crypto holdings more safely, offering lower exposure than trading the market.

    History of DAI Stablecoin

    Maker Protocol was created in 2014, followed by the introduction of MakerDAO in 2015. This was when the concept of the Dai stablecoin, originally proposed as an eDollar, was put forth by the CEO and founder of the project, Rune Christensen.

    MakerDAO was launched in December 2017, around two years after its creator first suggested the idea. What sets DAI markets apart from other stablecoins is that they are backed by collateral in the form of multiple assets instead of a single type of asset.

    The original Dai stablecoin was renamed Sai by Maker in November 2019 to make way for Dai v2.0. While both Sai and Dai are ERC-20 tokens designed on Ethereum, the new DAI was a multi-collateral backed stablecoin while the previous version remained a single-collateral backed digital asset.

    What is the Difference Between Dai v1.0 and Dai v2.0?

    Dai v1.0, or Sai as it is now known, is backed by a single type of asset as collateral. On the other hand, Dai v2.0 or DAI is backed by multiple types of collateral stored and managed in Maker Vaults.

    The new ERC-20 token Dai v2.0 or DAI was announced in October 2019 and released a month later. Maker allowed SAI holders to migrate to the new stablecoin using its migration tool. DAI differs from SAI as it offers greater flexibility in managing its price stability mechanism.

    This allows Dai v2.0 to increase its circulating supply faster, making it easier to meet the rising demand for the stablecoin in the market.

    Another key difference is that Sai, the single-collateral Dai (SCD), used the concept of Collateralized Debt Position (CDP) to manage the collateral backing the stablecoin. On the other hand, the multi-collateral Dai (MCD) uses Maker Vaults to manage the various assets that serve as collateral to back the DAI or Dai v2.0 crypto asset.

    How to Stake Dai (DAI)

    You can stake Dai (DAI) via multiple leading DeFi platforms, which offer this option to generate a stream of attractive returns. Remember to research the options and select the platform that provides the best rewards and security before staking Dai stablecoins.

    Here are the steps to stake Dai and earn passive income from it:

    1. Create an account on a DeFi platform that offers the option of staking Dai.
    2. Buy Dai on KuCoin or any other cryptocurrency exchange, DEX, or wallet.
    3. Transfer your purchased DAI from this platform to the DeFi protocol, where you have registered for an account.
    4. Head to the staking section and select the DAI crypto from the options.
    5. Check the APYs on offer and enter the number of DAI you wish to stake.
    6. Confirm all transaction details, including the frequency of payouts, before proceeding with the transaction.
    7. Click on Stake to lock up your DAI tokens on the platform.
    8. Redeem the rewards periodically to watch your DAI holdings grow in a safe and low-risk manner.
    What is the all-time high price of Dai (DAI)?

    The all-time high price of Dai (DAI) is ₺176.28. The current price of DAI is down -- from its all-time high.

    How much Dai (DAI) is there in circulation?

    As of 8 22, 2026, there is currently 4.56B DAI in circulation. DAI has a maximum supply of --.

    How do I store Dai (DAI)?

    You can store your Dai in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your DAI include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.