What is Dai (DAI)?

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.
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DAI
No value0% last 7 days
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Cryptohunt's Opinion

Our take on 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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How do you feel about Dai?

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What makes Dai special?
Dai is a powered 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.
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Dai is managed by the MakerDAO which created the Maker Protocal.

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Dai is available on many blockchains beyond just Ethereum.

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Dai is a popular stablecoin used in DeFi.

Dai reviews from the cryptohunt community

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Dai price and insights

See how much Dai is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
No reviews yet
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# 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.
# Discord members
13,330
# Active Discord members
843
# Telegram members
14,379
# Active Telegram members
355

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