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DAI Live Price Converter

DAI to GBP Calculator

1 GBP1.22 DAI

Dai, the native digital currency of a decentralized network, made its dynamic debut on the Ethereum blockchain network towards the end of 2017. What sets Dai apart is its unique mechanism for maintaining its peg to the US dollar, making it a standout stablecoin in the crypto universe.

This innovative DAI-USD peg relies on a complex network of smart contracts and ecosystem participants. Dai's regulation and maintenance are overseen by a governance system implemented by MakerDAO, with the MKR token playing a key role in governance.

Dai has evolved over time, with two versions coming into play: Single-Collateral Dai (SAI) and Multi-Collateral Dai (MCD). SAI, backed solely by Ethereum, had a fixed stability fee and utilized automatic liquidation. On the other hand, MCD, the advanced version, can be backed by various types of collateral, offers a flexible stability fee, and employs a keeper system for liquidation. SAI has since been retired and replaced by MCD, with SAI holders having migrated to MCD.

However, Dai's journey hasn't been without bumps. In February 2023, Dai's depegging led to a staggering $3 billion loss for the protocol, sparking conversations about the need for a backup system. To avoid a repeat of such depegging incidents, MakerDAO is pondering the implementation of an emergency switch. This switch is designed to arm the protocol with the adaptability needed to navigate market fluctuations and ensure the stability of the Dai stablecoin.

Bookmark Bitsgap's lightning-fast crypto converter and calculator now! Stay on top of the market with 24/7 live updates on the hottest crypto-to-fiat rates, including BTC, ETH, XRP to USD, EUR, GBP.

Real-time DAI Price Rates in GBP

DAI Live Data

The current DAI price is £ 0.82, which is -0.02% change in the past 24 hours and 0.06% in the past 7 days. With a circulating supply of 0, DAI’s live market cap is £ 4.4B. The 24-hour trading volume is £ 66M.

The conversion rates are calculated using the Live DAI Price Index along with other digital asset price indices. The DAI/USD exchange rate is updated in real-time.

Follow Bitsgap’s crypto converter and calculator for 24/7 live updates of the exchange rates between crypto and fiat currencies, including BTC, ETH, XRP to USD, EUR, GBP.

DAI Supported Exchanges

ExchangePriceVolume
Huobi
Huobi
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Kraken
Kraken
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WhiteBit
WhiteBit
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HitBTC
HitBTC
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Gate.io
Gate.io
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Bittrex
Bittrex
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Bitget
Bitget
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Gemini
Gemini
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Bybit
Bybit
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Crypto.com
Crypto.com
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Kucoin
Kucoin
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Poloniex
Poloniex
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Bitfinex
Bitfinex
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Binance
Binance
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Coinbase
Coinbase
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Binance US
Binance US
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OKX
OKX
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The exchange rate of Dai is decreasing.

The current value of 1 DAI is 0.82 GBP. Inversely, 1.00 GBP would allow you to trade for 1.22 DAI, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 0.06%. Meanwhile, in the last 24 hours, the rate has changed by -0.02%. This time last month, the value of 1 DAI was 0.79 GBP, which is a 3.23% decrease from where it is now. Looking back a year, DAI has changed by -0.1 GBP.

DAI to GBP

AssetToday at 10:11 AM
0.5 DAI0.41 GBP
1 DAI0.82 GBP
5 DAI4.1 GBP
10 DAI8.2 GBP
50 DAI41.01 GBP
100 DAI82.01 GBP
500 DAI410.06 GBP
1000 DAI820.13 GBP

GBP to DAI

AssetToday at 10:11 AM
0.5 GBP0.61 DAI
1 GBP1.22 DAI
5 GBP6.1 DAI
10 GBP12.19 DAI
50 GBP60.97 DAI
100 GBP121.93 DAI
500 GBP609.66 DAI
1000 GBP1 219.32 DAI

Today vs. 24 hours ago

AssetToday at 10:11 AM24 hours ago24H Change
0.5 DAI£0.41£0.41
-0.02 %
1 DAI£0.82£0.82
-0.02 %
5 DAI£4.1£4.1
-0.02 %
10 DAI£8.2£8.2
-0.02 %
50 DAI£41.01£41.02
-0.02 %
100 DAI£82.01£82.03
-0.02 %
500 DAI£410.06£410.16
-0.02 %
1000 DAI£820.13£820.31
-0.02 %

Today vs. 1 month ago

AssetToday at 10:11 AM1 month ago1 month Change
0.5 DAI£0.41£0.4
+3.23 %
1 DAI£0.82£0.79
+3.23 %
5 DAI£4.1£3.97
+3.23 %
10 DAI£8.2£7.94
+3.23 %
50 DAI£41.01£39.68
+3.23 %
100 DAI£82.01£79.36
+3.23 %
500 DAI£410.06£396.8
+3.23 %
1000 DAI£820.13£793.61
+3.23 %

Today vs. 1 year ago

AssetToday at 10:11 AM1 year ago1 year Change
0.5 DAI£0.41£0.46
-11.95 %
1 DAI£0.82£0.92
-11.95 %
5 DAI£4.1£4.59
-11.95 %
10 DAI£8.2£9.18
-11.95 %
50 DAI£41.01£45.91
-11.95 %
100 DAI£82.01£91.81
-11.95 %
500 DAI£410.06£459.06
-11.95 %
1000 DAI£820.13£918.11
-11.95 %
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FAQ

What's the Process for Minting New Dai Tokens?
What Are the Benefits of Bitsgap’s Affiliate Program?
How Can I Make Money in Crypto?
Does Bitsgap Offer Any Technical Analysis Tools?
What's the Process for Minting New Dai Tokens?

The MakerDAO protocol can easily generate new Dai tokens thanks to its collateral-backed model. Users deposit collateral assets into Maker vaults and receive newly minted Dai tokens in return. This allows them to unlock liquidity while expanding Dai's circulating supply.

Dai also incentivizes holders to stake their tokens through the Dai Saving Rate (DSR) protocol. This native MakerDAO smart contract enables users to lock up Dai and earn yield at the current DSR rate. Unlike other staking models, DSR offers flexibility with no minimum staking requirements and the ability to withdraw Dai at any time. Between vault collateralization and DSR staking, MakerDAO has created a dynamic system to expand Dai's monetary base in a decentralized manner.

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