DAI to USD Live Price Converter
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 USD
DAI Price Information
DAI Live Data
The current DAI price is $ 0.99, which is 0.03% change in the past 24 hours and 0.02% in the past 7 days. DAI’s live market cap is $ 5.4B. The 24-hour trading volume is $ 136M.
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
Exchange | Price | Volume | ||
---|---|---|---|---|
Bybit | - | - | ||
Kraken | - | - | ||
WhiteBit | - | - | ||
Crypto.com | - | - | ||
OKX | - | - | ||
Kucoin | - | - | ||
Poloniex | - | - | ||
Bitget | - | - | ||
Bitfinex | - | - | ||
Binance US | - | - | ||
HitBTC | - | - | ||
Gate.io | - | - | ||
Binance | - | - | ||
Coinbase | - | - | ||
BitMart | - | - | ||
Gemini | - | - |
The exchange rate of Dai is increasing.
The current value of 1 DAI is 0.99 USD. Inversely, 1.00 USD would allow you to trade for 1.01 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.02%. Meanwhile, in the last 24 hours, the rate has changed by 0.03%. This time last month, the value of 1 DAI was 0.99 USD, which is a 0.08% increase from where it is now. Looking back a year, DAI has changed by -0.01 USD.
DAI to USD
Asset | Today at 02:15 PM |
0.5 DAI | 0.5 USD |
1 DAI | 0.99 USD |
5 DAI | 4.97 USD |
10 DAI | 9.94 USD |
50 DAI | 49.71 USD |
100 DAI | 99.42 USD |
500 DAI | 497.08 USD |
1000 DAI | 994.17 USD |
USD to DAI
Asset | Today at 02:15 PM |
0.5 USD | 0.5 DAI |
1 USD | 1.01 DAI |
5 USD | 5.03 DAI |
10 USD | 10.06 DAI |
50 USD | 50.29 DAI |
100 USD | 100.59 DAI |
500 USD | 502.93 DAI |
1000 USD | 1 005.86 DAI |
Today vs. 24 hours ago
Asset | Today at 02:15 PM | 24 hours ago | 24H Change |
0.5 DAI | $0.5 | $0.5 | +0.03 % |
1 DAI | $0.99 | $0.99 | +0.03 % |
5 DAI | $4.97 | $4.97 | +0.03 % |
10 DAI | $9.94 | $9.94 | +0.03 % |
50 DAI | $49.71 | $49.69 | +0.03 % |
100 DAI | $99.42 | $99.38 | +0.03 % |
500 DAI | $497.08 | $496.91 | +0.03 % |
1000 DAI | $994.17 | $993.83 | +0.03 % |
Today vs. 1 month ago
Asset | Today at 02:15 PM | 1 month ago | 1 month Change |
0.5 DAI | $0.5 | $0.5 | -0.08 % |
1 DAI | $0.99 | $0.99 | -0.08 % |
5 DAI | $4.97 | $4.97 | -0.08 % |
10 DAI | $9.94 | $9.95 | -0.08 % |
50 DAI | $49.71 | $49.75 | -0.08 % |
100 DAI | $99.42 | $99.5 | -0.08 % |
500 DAI | $497.08 | $497.5 | -0.08 % |
1000 DAI | $994.17 | $995 | -0.08 % |
Today vs. 1 year ago
Asset | Today at 02:15 PM | 1 year ago | 1 year Change |
0.5 DAI | $0.5 | $0.5 | -0.64 % |
1 DAI | $0.99 | $1 | -0.64 % |
5 DAI | $4.97 | $5 | -0.64 % |
10 DAI | $9.94 | $10 | -0.64 % |
50 DAI | $49.71 | $50.02 | -0.64 % |
100 DAI | $99.42 | $100.05 | -0.64 % |
500 DAI | $497.08 | $500.25 | -0.64 % |
1000 DAI | $994.17 | $1 000.5 | -0.64 % |
Trading Bots
FAQ
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.
To begin trading with Bitsgap, you must first register for an account. Upon signup, you’ll receive a week-long free trial of the PRO plan. The PRO plan grants you access to up to 250 DCA and 25 GRID bots, unlimited smart orders, and futures trading capabilities. Next, you’ll need to connect Bitsgap to your exchange account using an encrypted API key. Bitsgap allows for integration with up to 15 different exchanges (including Binance) and enables you to switch between them instantaneously through the trading terminal. Once your exchanges are connected, you’re all set to initiate your first trade or launch a bot. For instance, if a coin’s value is falling, you can capitalize on the downtrend by starting the BTD bot and building your coin portfolio at a discounted rate.
Remember to revisit Bitsgap’s crypto converter regularly to monitor real-time pricing information!
Bitsgap provides automated trading bots that can help you invest and trade cryptocurrencies more efficiently. In fact, Bitsgap offers an array of powerful bots to suit any strategy. Why not give them a try?
The GRID bot is perfect for swinging markets. It buys low and sells high, racking up profits each time. Feeling patient? The DCA bot is your friend. It invests your money at regular intervals, getting you amazing average prices over time, taking the guesswork out of timing the market. See a hot coin on sale? The BTD bot pounces on price dips, so you get coins for a steal. When the market recovers, you’ll be pleasantly surprised by the profits! Want to supercharge your gains? The COMBO bot combines both DCA and GRID strategies to maximize profits on the Binance futures. COMBO can skyrocket your returns, especially when the market is buzzing!
Put these advanced algorithms to work and see why so many traders are raving about Bitsgap.
Bitsgap offers simple, affordable plans to suit any trader.
The Basic plan is the perfect place to start. You’ll get access to 10 DCA bots to automate your long-term investments, plus 2 GRID bots to profit from market swings. And the best part? Unlimited smart orders so you never miss a hot deal!
Ready to kick things into high gear? The Advanced plan delivers 50 DCA bots, 5 GRID bots, and futures bots for maximizing those Binance gains. You’ll also get awesome trailing features to lock in profits when the market is popping! This powerhouse plan has everything you need to supercharge your crypto returns.
The Pro plan is Bitsgap’s crowning glory. You’ll command an army of 250 DCA bots, 25 GRID bots, and unlimited smart orders. Not to mention the futures, trailing, and Take Profit for all bots. No more FOMO — this plan lets you profit from every opportunity!
No matter your level, Bitsgap has a simple plan to automate your profits. Why not sign up today and unleash your inner crypto rockstar?