Dai is a stablecoin that was created by the Maker Protocol, a self-branded unbiased financial institution on the Ethereum blockchain. The value of each Dai token is roughly pegged at $1 and was created to be a way to mimic the value of USD in a collection of tokens someone uses for activity in DeFi. While it was initially built as an Ethereum token, Dai exists on many other popular chains and can be moved, or bridged, as people want. Holders of the $MKR token can vote on the future of the Maker Protocol, and by association the future of Dai.
We believe stablecoins play a central role in bringing crypto to the mainstream. Giving individuals and businesses ways to represent and use the currency they understand makes it easier for them to integrate this new technology into their lives and services. While there are many popular stablecoins in circulation, Dai has received much fame for its continued stability as a decentralized stablecoin, unlike others (looking at you $UST).
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Dai is apowered by,uses to validate transactions,and is.Dai also supports.
Interesting facts about Dai
Here are some facts you may not already know about Dai. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
Dai is managed by the MakerDAO which created the Maker Protocal.
Dai is available on many blockchains beyond just Ethereum.
Dai is a popular stablecoin used in DeFi.
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Dai price and insights
See how much Dai is worth and learn from other insightful metrics
-0% past 1 week
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Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members 13,330 6% of them are active
# Telegram members 14,379 2% of them are active
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Dai, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.