Dai Price DAI
Rank #29Dai (DAI) is a stablecoin, trading at $0.9999 (up 0.00% today) and ranked #29 by market capitalization, as of Mon, 05 Oct 2026 22:00:03 UTC.
- Price: $0.9999 (+0.00% 24h, -0.02% 7d)
- Market cap: $4.59B · rank #29
- All-time high: $1.22 (-17.96%) · Mar 12, 2020
- Circulating supply: 4,592,870,730 DAI
- 24h volume: $276.49M
Dai Price Chart
Dai Converter
DAI → USD from CoinGecko; NGN at the Nigerian P2P market rate; other currencies via live FX. Full converter → · DAI in Naira →
How much is Dai worth?
| Amount | USD | Naira (₦) |
|---|---|---|
| 0.1 DAI | $0.10 | ₦136.49 |
| 0.5 DAI | $0.50 | ₦682.45 |
| 1 DAI | $0.9999 | ₦1,364.89 |
| 5 DAI | $5.00 | ₦6,824.45 |
| 10 DAI | $10.00 | ₦13,648.91 |
| 50 DAI | $50.00 | ₦68,244.54 |
| 100 DAI | $99.99 | ₦136,489.08 |
Dai Market Statistics
Dai Price Performance
| Period | 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|---|
| Change | +0.01% | +0.00% | -0.02% | +0.00% | +0.02% | +0.02% |
Dai Key Statistics
How Dai Compares
Dai (DAI) side by side with the market's largest cryptocurrencies.
| Coin | Price | 24h | 7d | Market Cap | Rank |
|---|---|---|---|---|---|
| Dai DAI | $0.9999 | +0.00% | -0.02% | $4.59B | #29 |
 Bitcoin BTC | $85,971.00 | +0.15% | +2.89% | $1.73T | #1 |
 Ethereum ETH | $2,717.98 | +0.59% | +1.48% | $331.88B | #2 |
 Tether USDT | $1.00 | +0.01% | +0.01% | $184.08B | #3 |
What would Dai be worth at a bigger market cap?
A hypothetical: DAI's price if it reached today's largest market caps at its current circulating supply. Illustrative only — not a prediction or target.
| If DAI had the market cap of… | Implied DAI price | vs today |
|---|---|---|
| Bitcoin ($1.73T) | $376.17 | 376.2× |
| Ethereum ($331.88B) | $72.27 | 72.3× |
About Dai
MakerDAO has launched Multi-collateral DAI (MCD). This token refers to the new DAI that is collaterized by multiple assets.
Categories: Stablecoins · Decentralized Finance (DeFi) · USD Stablecoin · Ethereum Ecosystem · Crypto-backed Stablecoin · Fiat-backed Stablecoin
How Dai Works
Dai (DAI) is a decentralized stablecoin that aims to maintain a value of one US dollar through a system of smart contracts and collateralized debt positions (CDPs).
It is an Ethereum-based ERC-20 token created by the MakerDAO project, which operates on the principle of over-collateralization to ensure price stability.
What Moves the Dai Price
The primary factor influencing Dai's price stability is the collateralization ratio maintained by MakerDAO's smart contracts, which typically requires more collateral than the value of Dai issued.
Adoption and usage in decentralized finance (DeFi) applications, as well as the overall demand for stablecoins in crypto trading and remittances, play a significant role in driving Dai's market presence.
The health of the underlying collateral (primarily Ethereum and other cryptocurrencies) and the efficiency of the MakerDAO governance system also impact Dai's stability and adoption.
Regulatory developments concerning stablecoins and decentralized finance can affect Dai's market dynamics, as it operates in a space that is subject to evolving legal frameworks.
Dai Tokenomics & Supply
Dai has a circulating supply of 4,592,870,730 DAI with no fixed maximum supply, and a total supply of 4,598,438,503 DAI. Its fully diluted valuation is $4.61B.
Where to Buy Dai
You can buy Dai (DAI) on major exchanges such as Binance, Coinbase, Kraken, Bybit and OKX. In Nigeria, DAI is also available via local exchanges and P2P — see our DAI in naira page. Always compare fees and use reputable platforms.
Buy Dai (DAI) in Nigeria
Dai priced in Nigerian naira at the P2P market rate — what Nigerians actually pay — alongside the official USD/NGN rate.
One DAI costs about ₦1,369.89 to buy on Nigerian P2P markets and sells for about ₦1,359.89. The P2P USDT/NGN rate (₦1,365) sits 2.5% above the official USD/NGN rate of ₦1,331.28, so dollar-priced crypto effectively carries that spread when you buy with naira.
P2P rates from Nigerian exchanges; spreads vary by amount and payment method. Verify live rates and fees before trading. Not financial advice.
Dai Markets & Exchanges
Top exchanges where Dai (DAI) trades, by reputation and 24-hour volume.
| # | Exchange | Pair | Price | Volume (24h) |
|---|---|---|---|---|
| 1 | Kraken | DAI/USD | $0.9999 | $283.52K |
| 2 | Kraken | DAI/USDT | $1.00 | $173.07K |
| 3 | Kraken | DAI/EUR | $1.00 | $39.84K |
| 4 | Kraken | XBT/DAI | $1.00 | $32.89 |
| 5 | Kraken | ETH/DAI | $1.00 | $25 |
| 6 | Gemini | DAI/USD | $0.9988 | $6.63 |
| 7 | Aivora Exchange | DAI/USDT | $1.00 | $202.29M |
| 8 | Curve (Ethereum) | 0X6B175474E89094C44DA98B954EEDEAC495271D0F/0XDAC17F958D2EE523A2206206994597C13D831EC7 | $1.00 | $2.06M |
| 9 | Uniswap V3 (Ethereum) | 0X6B175474E89094C44DA98B954EEDEAC495271D0F/0XDAC17F958D2EE523A2206206994597C13D831EC7 | $0.9999 | $1.48M |
| 10 | De¹ | DAI/USDC.E | $1.00 | $1.14M |
Market data from CoinGecko, ranked by exchange reputation and 24-hour volume. Exchange links open externally — verify fees and terms before trading. Not financial advice.
Dai in Other Currencies
Related Cryptocurrencies
Dai FAQ
What is the price of Dai today?
As of Mon, 05 Oct 2026 22:00:03 UTC, Dai (DAI) is trading at $0.9999, up 0.00% over the last 24 hours. Its market capitalization is $4.59B, ranking it #29 among all cryptocurrencies.
How much is 1 Dai worth in USD and Naira?
One DAI is worth $0.9999 — about ₦1,364.89 at the Nigerian P2P market rate as of Mon, 05 Oct 2026 22:00:03 UTC. For example, 0.5 DAI = $0.50 and 10 DAI = $10.00. Use the converter on this page to price any amount of DAI in USD, Naira or other currencies.
What would Dai be worth at Bitcoin's market cap?
If Dai reached Bitcoin's current market capitalization of $1.73T at its present circulating supply, one DAI would be worth about $376.17 — roughly 376× today's price. This is a hypothetical illustration based on market caps, not a prediction or target. Crypto is volatile — not financial advice.
How can I buy Dai in Nigeria?
You can buy Dai (DAI) in Nigeria on local exchanges such as Quidax and Busha, or peer-to-peer (P2P). At the current P2P rate, 1 DAI costs about ₦1,369.89, with the P2P naira rate carrying roughly a 2.5% premium over the official USD rate. Compare fees and verification requirements first — see our naira on-ramp comparison. Not financial advice.
What is Dai's market cap?
Dai has a market capitalization of $4.59B (rank #29), calculated as its circulating supply of 4,592,870,730 DAI multiplied by the current price of $0.9999.
What is the all-time high of Dai?
Dai's all-time high is $1.22, reached on Mar 12, 2020. At $0.9999 today, it is 18.0% below that peak.
How many DAI are there?
Dai has a circulating supply of 4,592,870,730 DAI with no fixed maximum supply, and a total supply of 4,598,438,503 DAI.
Will Dai go up? Is it a good investment?
No one can reliably predict whether Dai will rise or fall — anyone promising guaranteed DAI returns is not trustworthy. Dai is an established asset, but all crypto is volatile. Research it yourself and only risk what you can afford to lose. This is not financial advice.
Where can I buy Dai?
You can buy Dai (DAI) on major exchanges such as Binance, Coinbase, Kraken, Bybit and OKX. In Nigeria, DAI is also available via local exchanges and P2P — see our DAI in naira page. Always compare fees and use reputable platforms.
How does Dai maintain its 1:1 peg to the US dollar?
Dai maintains its peg through a system of collateralized debt positions (CDPs) where users lock up cryptocurrency assets as collateral, typically in excess of the value of Dai they wish to generate, to ensure stability.
What happens if the collateral value falls below a certain threshold?
If the value of the collateral falls below a specified threshold, the smart contracts automatically trigger a liquidation process to ensure that the value of Dai remains backed by sufficient assets.
Can Dai be used for everyday transactions?
Yes, Dai can be used for everyday transactions wherever ERC-20 tokens are accepted, and it is also commonly used in DeFi applications for lending, borrowing, and trading due to its stable value.
Data from CoinGecko & Binance, source-stamped above. Information only — not financial advice. Crypto is volatile and high-risk.