Dai (DAI)
CryptoScore Pro global score : 77/100 (computed on 2026-10-28)
DAI is the flagship stablecoin of the MakerDAO ecosystem, operating as a decentralized, collateral-backed cryptocurrency pegged 1:1 to the US dollar on the Ethereum blockchain. Unlike fiat-collateralized stablecoins such as USDT or USDC, DAI is overcollateralized by a basket of crypto assets—primarily ETH, but also other tokens like WBTC and stablecoins—held in smart contracts called Vaults. This mechanism ensures its stability without relying on centralized custodians, making it a cornerstone of DeFi’s trustless financial infrastructure. With a circulating supply of over 4.5 billion tokens and a market cap exceeding $4.5 billion, DAI ranks among the top stablecoins by liquidity and adoption, serving as a hedge against volatility, a medium of exchange in DeFi protocols, and a unit of account for smart contract interactions. Its decentralized governance model, where MKR token holders vote on key parameters like collateral ratios and stability fees, further distinguishes it from traditional stablecoins, embedding it deeply within Ethereum’s permissionless financial system. Technologically, DAI is underpinned by MakerDAO’s Multi-Collateral Dai (MCD) system, a sophisticated smart…
Scores by pillar
| Technology | 54/100 |
|---|---|
| Tokenomics | 80/100 |
| Team | 66/100 |
| Adoption | 99/100 |
| Liquidity | 61/100 |
| Compliance | 75/100 |
Market data
| Price | $0.9998 |
|---|---|
| Market cap | $4.51B |
| 24h volume | $169.94M |
| Market cap rank | #34 |
| 24h change | -0.01% |
| 7d change | -0.01% |
| Blockchain | Ethereum |
| Sector | Stablecoin |
Analysis
Launched to offer a decentralized alternative to fiat currencies, Dai is a stablecoin on Ethereum. It uses smart contracts, autonomous programs, to peg its value to the dollar via an over-collateralization system. The token serves as a unit of account and a hedge against volatility in decentralized finance.