Overview
Dai (DAI) is the primary stablecoin of the Maker crypto project, a multi-component DeFi (Decentralized Finance) solution built on the Ethereum blockchain.
Dai Cryptocurrency — A Core Component of the Maker Ecosystem
The Maker project revolves around a decentralized application (DApp) known as the Maker Protocol, operating on Ethereum. Governance is handled by MakerDAO, a Decentralized Autonomous Organization (DAO) composed of stakeholders holding MKR, Maker’s governance token. Both Dai and MKR are ERC-20 tokens with distinct roles in the ecosystem.
How Dai Works
Participants can borrow Dai by depositing collateral into Maker Vaults via Ethereum smart contracts. The system enforces overcollateralization to mitigate crypto market volatility, requiring collateral value to exceed borrowed Dai value. Approved collateral includes ETH and select Ethereum-based tokens, as voted by MakerDAO.
👉 Explore secure crypto trading platforms for seamless Dai transactions.
Stability Mechanisms
Dai maintains its USD peg through mechanisms like liquidation thresholds and DAO-governed adjustments. The ecosystem also includes the Maker Foundation and Dai Foundation for oversight.
Dai Price Analysis
As a stablecoin, Dai’s price typically hovers near 1 DAI = 1 USD (≈¥7.16). Minor fluctuations may occur, as shown in real-time charts above.
Key Market Data
| Metric | Value |
|---|---|
| Current Price | ¥7.16 (-0.03% 24h) |
| Market Cap | ¥38.42B |
| 24h Volume | ¥379M |
| Circulating Supply | 5.365B DAI |
Historical Peaks
- 52-Week High: ¥7.69
- All-Time High: ¥8.17
Latest Market News
- Ethereum Price Drop Triggers DeFi Liquidations
ETH’s 14% decline led to collateral liquidations in lending protocols. - MakerDAO Rejects Centralization Proposal
A record voter turnout upheld decentralized governance principles. - Stablecoin Adoption Surges in Argentina
Economic instability drives demand for USD-pegged assets like Dai.
👉 Stay updated with crypto trends for informed decisions.
FAQ
Q: Why does Dai’s price fluctuate slightly?
A: While designed to be stable, minor deviations occur due to market demand or collateral liquidations.
Q: How is Dai different from other stablecoins?
A: It’s decentralized, backed by crypto collateral, and governed by MakerDAO.
Q: Where can I use Dai?
A: Dai is widely accepted in DeFi platforms for lending, trading, and payments.
Note: All links except OKX are removed per guidelines. Price data reflects real-time updates.
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