Dai

Dai

DAI #23
AA 85% Stablecoin
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Project Safety Score: 85%

Updated 3 minutes ago
DaiDAI
Market Cap$4379026286
24hr Volume$27491410
24hr Change0.0%
Price$0.99981
Coverage: 1 bucket · 100% resolved
Scoring rubric: Stablecoin - scored on peg stability (placeholder)
Peg Stability
85 AA
100% · medium

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DAI Dai Details
Type
Stablecoin
Launched
2017
HQ
San Francisco, USA
Team
Anonymous
StablecoinsDecentralized Finance (DeFi)USD StablecoinEthereum EcosystemCrypto-backed StablecoinFiat-backed Stablecoin

MakerDAO has introduced Multi-collateral DAI (MCD), a cryptocurrency that is backed by a variety of collateral assets. This development allows for a broader range of collateral types to be used in supporting the DAI stablecoin.

The primary use case for Multi-collateral DAI is to facilitate decentralized finance applications, offering stability in value. The technical architecture of DAI is based on the Ethereum blockchain, and it operates under a governance model that involves the Maker token holders in decision-making processes related to the protocol.

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Peg stability score 85 out of 100 reflects a strong performance for this asset. The current price closely aligns with its target value of $1, sitting at $0.9998, which is an excellent indicator of its peg stability. With a significant market capitalization of approximately $4.4 billion, this stablecoin is at a solid tier, suggesting a robust backing and confidence in its ability to maintain its value.

In terms of social presence, the asset is active on multiple verified platforms, including Reddit, Telegram, and Twitter. While specific audience data is limited, the presence on these channels indicates engagement and community backing around the project, which can contribute positively to its stability and trust.

Inherent risks in the crypto space exist, particularly for stablecoins like this one. Although it holds a high score and is backed by a significant market cap, fluctuations in the broader market, regulatory changes, and underlying mechanisms for maintaining the peg can present challenges. Investors should be mindful of these dynamics when considering involvement in this asset.

View whitepaper ↗
Quality: high
Max supply: null
Next unlock: null

Price Chart

Contract Security

ethereum · 0x6b175474e89094c44…
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Total Holders
656380
Top 10 Hold
36.7%
Top 50: 49.6%
Top Holders
  • 0x40ec5b33f54e0e8a3… 20.43%
  • 0xf6e72db5454dd049d… 9.34%
  • 0x4dedf26112b3ec8ec… 2.00%
  • 0xbebc44782c7db0a1a… 1.06%
  • 0x837c20d568dfcd35e… 0.78%
  • 0xf84213cda40246be0… 0.72%
  • 0x0c903235c380a717d… 0.68%
  • 0x07ede94cf6316f480… 0.64%
  • 0x3b5fb9d9da3546e9c… 0.53%
  • 0xc09a6d57197c02b00… 0.52%
Source: ethplorer
Discussion
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85%
Profile Status
Data completeness
Some data missing
Medium confidence

Market Stats

All-Time High$1.22
All-Time Low$0.8820
Circulating4379877752
Total Supply4379823749

Community Sentiment

👍 67% 33% 👎

Crypto Fear & Greed Index

Crypto Fear & Greed Index Source: alternative.me