Compound Dai Achieves Self Reported Market Cap of $579.14 Million (CDAI)

Compound Dai (CDAI) traded 0% lower against the U.S. dollar during the 1 day period ending at 0:00 AM ET on March 29th. One Compound Dai token can now be purchased for approximately $0.0230 or 0.00000033 BTC on major cryptocurrency exchanges. Compound Dai has a total market cap of $579.14 million and approximately $2,514.14 worth of Compound Dai was traded on exchanges in the last day. During the last seven days, Compound Dai has traded up 0% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 0% higher against the dollar and now trades at $0.45 or 0.00000644 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.9% against the dollar and now trades at $0.0092 or 0.00000013 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Compound Dai Profile

Compound Dai’s launch date was November 19th, 2019. Compound Dai’s total supply is 2,025,596,474 tokens and its circulating supply is 25,204,924,416 tokens. Compound Dai’s official Twitter account is @compoundfinance and its Facebook page is accessible here. The Reddit community for Compound Dai is https://reddit.com/r/compound and the currency’s Github account can be viewed here. The official website for Compound Dai is compound.finance.

According to CryptoCompare, “Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.

Each money market is unique to an Ethereum asset (such as Ether, an ERC-20 stablecoin such as Dai, or an ERC-20 utility token such as Augur), and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.

cDAI is the Compound’s wrapped version of Multicollateral DAI and it’s available on the Compound platform.”

Compound Dai Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Compound Dai directly using US dollars. Investors seeking to acquire Compound Dai should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Compound Dai using one of the aforementioned exchanges.

CDAI/USD price chart by TradingView