Dai (DAI)

Dai (DAI) is a decentralized stablecoin operating primarily on the Ethereum blockchain, though it is also available as a token on networks including Polygon, Optimism, Harmony, Fantom, Binance Smart Chain, Base, and Zksync. The asset is pegged to the US Dollar and maintains price stability through a mechanism of collateralization and smart contracts. Governance and management of the Dai protocol are handled by the MakerDAO community, which enables users to generate and manage Dai via over-collateralized loans. Currently, Dai holds a market cap rank of #34 with a circulating supply of approximately 3.33 billion units. Its maximum supply is listed as zero, indicating no hard cap on total issuance. The current price stands at $0.99981, reflecting a 24-hour change of +0.02% and a 7-day change of -0.03%. The token has reached an all-time high of $1.37, representing a decline of 26.82% from that peak. With a 24-hour trading volume exceeding $1.45 billion, Dai remains a significant component of the decentralized finance ecosystem across multiple blockchains.