Dai price today.
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How the value of Dai evolves
DAI's current ranking on the CoinMarketCap index is #17, with a market cap of $4,888,880,462 USD. You can find DAI available for buying and selling on the CryptoMarket website with a current market quote. You can also check the charts with statistics that will show you today's price and its behavior in the last few weeks.
What is Dai?
DAI is the first stable decentralized cryptocurrency (stablecoin) and as an ERC-20 token, it seeks to maintain a stable value of 1:1 with the US dollar. Unlike other stablecoins, which are issued and controlled by a central authority, DAI is the native token of the Maker protocol, an autonomous, decentralized smart contract ecosystem running on top of the Ethereum blockchain.
3 reasons to choose Dai
To keep its price stable and pegged to the U.S. dollar, the Maker Protocol created an encryption that ensures that each existing DAI token is collateralized by an adequate amount of other cryptocurrencies.
These backing cryptocurrencies are deposited in smart contract vaults each time a new DAI is mined.
DAI has more than 400 applications including virtual wallets, decentralized finance platforms, and gaming, among others.