Dai key statistics
As of July 7, 2026, Dai (DAI) is trading at $0.9998, down +0.01% over the past 24 hours. It ranks #23 by market cap, currently $4.64B, with $201.82M traded in the last 24 hours. Circulating supply is 4.64B DAI.
Volume / mkt cap
From all-time high
Dai price chart
Chart data: TradingView · BINANCE:DAIUSDT. May differ slightly from the CoinGecko quote above. Not investment advice.
Price history from Binance daily closes (DAI/USDT) – hover for the date and price. Each window shows only real data; nothing is padded.
What is Dai (DAI)?
Dai (DAI) is a decentralised, crypto-collateralised stablecoin that targets a value of one US dollar. It is issued by the MakerDAO protocol, which launched on Ethereum in December 2017. Unlike fiat-backed stablecoins such as USDT and USDC — which are created by a company that holds matching bank deposits — DAI is generated algorithmically through a system of over-collateralised loans managed entirely by smart contracts.
The mechanics work like this: a user deposits collateral assets (originally just ETH, later expanded to WBTC, stETH, real-world assets and other tokens) into a smart contract called a Vault. The protocol allows the user to borrow DAI against that collateral at a ratio higher than 100%, meaning $150 of ETH might allow borrowing $100 of DAI. The excess collateral acts as a buffer. If the collateral's value drops enough to breach the minimum collateralisation ratio, the Vault is automatically liquidated: the protocol sells the collateral to repay the DAI and a penalty fee, protecting the system's solvency. A Stability Fee (essentially an interest rate) is charged on outstanding DAI, payable in MKR, the governance token that is burned when fees are paid, reducing MKR supply over time.
DAI maintains its peg through multiple mechanisms: the Stability Fee, a Dai Savings Rate that incentivises users to lock DAI and reduce circulating supply, and a Peg Stability Module that allows direct swaps between DAI and USDC at a fixed 1:1 rate. MKR holders govern the entire system, voting on risk parameters, collateral types, liquidation ratios and fee rates. In 2023, MakerDAO rebranded its broader ecosystem as Sky, with new token names (USDS and SKY), though DAI itself continues to circulate.
A peg is a target, not a guarantee. DAI has maintained its dollar peg through several severe crypto downturns but carries smart-contract risk in the Maker protocol, collateral price risk, and concentration risk from its dependence on USDC via the Peg Stability Module. The prediction model on this page applies less meaningfully to DAI than to volatile assets. This page is information only and is not financial advice; always do your own research.
Written and reviewed by the TheWeal editorial team.
Dai analysis
Technicals · levels · performance · valuation · historySupport & resistanceDaily pivot levels
Classic pivot levels computed from the most recent daily candle (high, low, close). Reference levels only – not investment advice.
PerformanceReturn over each window
ValuationWhere price sits today · from real history
Distance below the record price
14-day price momentum
Cycle & valuation gauges computed from real daily closes (Binance). Educational context only – not investment advice.
Price historyMonthly returns & daily OHLC
| Date | Open | High | Low | Close | Volume | Change |
|---|---|---|---|---|---|---|
| Jul 7, 2026 | $1.02 | $1.02 | $1.02 | $1.02 | 747.40K DAI | +0.13% |
| Jul 6, 2026 | $1.02 | $1.02 | $1.01 | $1.02 | 2.53M DAI | +0.24% |
| Jul 5, 2026 | $1.02 | $1.02 | $1.01 | $1.02 | 1.39M DAI | -0.07% |
| Jul 4, 2026 | $1.02 | $1.02 | $1.01 | $1.02 | 485.48K DAI | -0.03% |
| Jul 3, 2026 | $1.02 | $1.02 | $1.01 | $1.02 | 1.02M DAI | +0.04% |
| Jul 2, 2026 | $1.01 | $1.02 | $1.01 | $1.02 | 760.26K DAI | +0.36% |
| Jul 1, 2026 | $1.01 | $1.02 | $1.01 | $1.01 | 897.82K DAI | -0.08% |
| Jun 30, 2026 | $1.01 | $1.02 | $1.01 | $1.01 | 825.42K DAI | +0.01% |
| Jun 29, 2026 | $1.01 | $1.02 | $1.01 | $1.01 | 905.22K DAI | +0.10% |
| Jun 28, 2026 | $1.02 | $1.02 | $1.01 | $1.01 | 1.38M DAI | -0.43% |
| Jun 27, 2026 | $1.02 | $1.02 | $1.01 | $1.02 | 3.01M DAI | +0.03% |
| Jun 26, 2026 | $1.02 | $1.02 | $1.00 | $1.02 | 3.04M DAI | -0.16% |
| Jun 25, 2026 | $1.03 | $1.03 | $1.01 | $1.02 | 6.51M DAI | -0.96% |
| Jun 24, 2026 | $1.03 | $1.04 | $1.02 | $1.03 | 1.69M DAI | +0.07% |
Daily open/high/low/close and base-asset volume from Binance (DAI/USDT). Change is close vs open.
Where to buy Dai (DAI)
Affiliate disclosure: some links below may be partner links. If you open an account through them, TheWeal may earn a commission at no extra cost to you. This never affects which exchanges we list or what we write. See our affiliate disclosure. Nothing here is financial advice – do your own research.
Always confirm an exchange operates legally in your country and supports DAI before signing up. Crypto is volatile and largely unregulated; never invest more than you can afford to lose.
How to store Dai
DAI is an ERC-20 token stored in any Ethereum-compatible self-custody wallet. A hardware wallet is recommended for larger balances. Holding DAI in self-custody removes exchange counterparty risk but still exposes you to the Maker smart-contract system.
Your recovery phrase is the master backup — store it offline and never share it. This is general information, not financial advice.
Dai (DAI) FAQ
Is DAI safe to hold?
We don't give recommendations. DAI carries smart-contract risk in the Maker protocol, collateral risk from the assets backing it, and the risk that the peg fails under extreme stress. A peg is a target, not a guarantee. Do your own research.
How is DAI different from USDT or USDC?
USDT and USDC are fiat-backed by a centralised company; DAI is created by smart contracts backed by crypto collateral and governed by MKR holders, with no single company controlling issuance.
Can DAI lose its $1 peg?
Yes. If collateral values fall sharply faster than the system can liquidate, DAI could undercollateralise. This risk is managed through over-collateralisation ratios and the Peg Stability Module but cannot be eliminated.
How do I get DAI?
DAI can be bought on most major exchanges or generated by depositing collateral into a Maker Vault via maker.oasis.app. Buying on an exchange is simpler for most users.
Is DAI truly decentralised?
DAI is more decentralised than fiat-backed stablecoins but relies partly on USDC collateral via the Peg Stability Module, which introduces some centralised counterparty risk to Circle and its banking partners.
What is the MakerDAO rebrand to Sky?
In 2023, MakerDAO launched a broader rebrand called Sky, introducing new token names (USDS for a newer stablecoin and SKY for a new governance token) alongside existing MKR and DAI. DAI continues to circulate and MKR holders can convert to SKY at a fixed ratio.
Disclaimer: Market data for Dai is provided by CoinGecko and Binance and may be delayed. Price predictions on this page are model-based scenarios, not a forecast and not financial advice. Nothing here is a recommendation to buy, sell or hold any asset. Cryptocurrencies are highly volatile and you could lose your entire investment – always do your own research and consider speaking with a licensed financial adviser.