Dai (DAI) is a decentralized stablecoin on the Ethereum blockchain, pegged to the US Dollar, designed to maintain price stability through collateralization and smart contracts. As of Oct 20, 2026, it trades at $1.00 with a market cap of $4.60B, ranking #29 among tracked cryptocurrencies.
It is governed by the MakerDAO community, enabling users to create and manage Dai through over-collateralized loans. Source: CoinPaprika.com
What is the DAI token used for?
The DAI token is associated with maintaining a stable, low-volatility store of value, ethereum (eth) token (erc-20), decentralized finance (DeFi) applications, polygon (matic) token, optimism ecosystem, harmony (one) token, fantom (ftm) token, binance coin (bnb) token (bep-20), base ecosystem, and zksync ecosystem, based on the tags CoinPaprika applies to Dai.
Dai history and key milestones
Dai started on Dec 19, 2017, CoinPaprika's price data for it begins on Dec 27, 2017, and it reached an all-time high of $1.3668 on Feb 03, 2018.