Dai

Dai PriceDAI

C$1.386186
C$0.000082+0.01%

Last updated--

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Dai Price Today

Current DAI/CAD real-time price is C$1.386186, with a 24-hour change rate of +0.01% and a 7-day change rate of +0.01%. DAI currently ranks #17 globally by market cap, with a total market cap of C$6.341042B, a fully diluted valuation (FDV) of C$6.341042B, and a 24-hour trading volume of C$31.455777M. In terms of supply, DAI has a maximum supply of ∞, a current circulating supply of 4.57B, with 100.00% already in circulation and 0.00% remaining to be unlocked.

About Dai

What is Dai (DAI)

Dai (DAI) is a decentralized stablecoin on the Ethereum blockchain that is designed to maintain a 1:1 peg with the US dollar. Unlike traditional stablecoins, which are backed by centralised dollar reserves, Dai achieves stability through collateralized crypto assets. It is generated by the Maker Protocol and managed by MakerDAO, a decentralised autonomous organisation (DAO) that is governed by MKR token holders. Launched in 2017 by Danish entrepreneur Rune Christensen, Dai offers individuals and businesses a low-volatility digital asset.

How does Dai work?

Dai’s stability relies on a Collateralized Debt Position (CDP) mechanism. Users lock Ethereum (ETH) or other supported ERC-20 tokens in smart contracts as collateral to generate Dai. For instance, depositing $200 worth of ETH could enable the creation of 100 Dai, with over-collateralization (usually 150% or more) ensuring value stability. If the value of the collateral drops, the system automatically sells some of it to maintain the peg. Repaying Dai burns it, releasing the collateral. Dai’s supply adjusts dynamically based on market demand, with no fixed cap.

Advantages and limitations of Dai

Dai’s strengths include decentralization and stability. As it is free from single-entity control, it offers transparency and trust, making it popular in decentralized finance (DeFi) for lending and payments. As a stablecoin, Dai protects users from crypto market volatility and enables risk reduction during downturns. However, over-collateralization reduces capital efficiency and rapid drops in collateral prices can trigger liquidations, resulting in losses.

How to buy DAI?

The easiest way to buy DAI is through a crypto exchange like BTCC. BTCC makes purchasing DAI easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first DAI purchase, register with BTCC today.

How to Buy and Use Dai

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsDai is instantly credited to your BTCC account, ready for trading at any time.

Related Trading

Choose Dai products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for DAI are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

Dai FAQs

What is the live price, market cap, and 24h volume of Dai (DAI)?

As of right now, the live price of Dai (DAI) is C$1.386186. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated DAI to USD rate at the top of BTCC’s price page. In terms of market scope, Dai records a 24h trading volume of C$31.455777M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$6.341042B. Its current circulating supply stands at 4.57B out of a maximum supply cap of ∞.

Why does the price of Dai (DAI) fluctuate, and what drives its volatility?

The price volatility of Dai (DAI) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (4.57B) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.

What are the all-time high (ATH) and all-time low (ATL) for Dai (DAI)?

Looking at its historical price performance, Dai (DAI) hit an all-time high (ATH) of C$5.086197 on 2021-11-16 07:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$1.243686 on 2023-03-11 07:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.

How to read the Dai (DAI) price chart for futures trading?

When trading DAI futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$31.455777M), as price breakouts accompanied by strong volume offer higher reliability.

How to profit from Dai (DAI) price drops? (Short Selling Guide)

Unlike spot trading where you can only profit from rising prices, BTCC’s DAIUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Dai, simply log into your BTCC account with USDT margin available, navigate to the DAIUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.

Can I trade Dai (DAI) perpetual futures with high leverage on BTCC?

Yes. BTCC offers flexible, high-tier leverage options for DAIUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.

How to practise Dai (DAI) futures trading with a free demo account?

Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$1.386186), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for DAIUSDT with zero financial risk.

Step-by-step guide: How to buy and trade Dai (DAI) on BTCC?

Trading Dai (DAI) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for DAIUSDT, and review its live price (C$1.386186) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.