Dai (DAI) Hits Market Cap of $5.35 Billion

Dai (DAI) traded up 0% against the US dollar during the 1 day period ending at 23:00 PM ET on April 28th. In the last week, Dai has traded 0% lower against the US dollar. Dai has a total market capitalization of $5.35 billion and approximately $666.39 million worth of Dai was traded on exchanges in the last day. One Dai token can now be bought for about $1.00 or 0.00001594 BTC on exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded up 8.7% against the dollar and now trades at $0.31 or 0.00000499 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 up 1.2% 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.
• BitcoinBR (BTCBR) traded 65,178,751.3% higher against the dollar and now trades at $0.0000 or 0.00000000 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 up 1.1% against the dollar and now trades at $0.0097 or 0.00000015 BTC.

About Dai

Dai’s launch date was November 18th, 2019. Dai’s total supply is 5,347,888,596 tokens. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here. Dai’s official message board is medium.com/@MakerDAO. The official website for Dai is makerdao.com. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here.

According to CryptoCompare, “Dai is a decentralized, stablecoin cryptocurrency built on the Ethereum blockchain. It is designed to maintain a stable value relative to the US Dollar, and is backed by a reserve of collateral-backed tokens and other assets. Dai is an ERC-20 token, making it fully compatible with other Ethereum-based networks and wallets. It is designed to be used as a medium of exchange, store of value, and for facilitating online payments, money transfers, and other financial services. Dai was created by MakerDAO, a decentralized autonomous organization founded in 2014 by Danish entrepreneur Rune Christensen, and was officially launched on the main Ethereum network on December 18, 2017.”

Buying and Selling Dai

It is usually not presently possible to buy alternative cryptocurrencies such as Dai directly using U.S. dollars. Investors seeking to acquire Dai should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dai using one of the exchanges listed above.

DAI/USD price chart by TradingView