Dai Reaches 24 Hour Volume of $649.09 Million (DAI)

Dai (DAI) traded 0% higher against the US dollar during the 1-day period ending at 20:00 PM Eastern on April 29th. In the last week, Dai has traded down 0% against the US dollar. Dai has a total market cap of $5.35 billion and approximately $649.09 million worth of Dai was traded on exchanges in the last 24 hours. One Dai token can currently be bought for $1.00 or 0.00001556 BTC on major exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 1.9% lower against the dollar and now trades at $0.29 or 0.00000453 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• BitcoinBR (BTCBR) traded up 48,318,147.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 1.3% against the dollar and now trades at $0.0096 or 0.00000015 BTC.

Dai Token Profile

Dai was first traded on November 18th, 2019. Dai’s total supply is 5,347,888,596 tokens. Dai’s official message board is medium.com/@MakerDAO. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. Dai’s official website is makerdao.com. Dai’s official Twitter account is @makerdao and its Facebook page is accessible 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 currently possible to purchase alternative cryptocurrencies such as Dai directly using U.S. dollars. Investors seeking to trade Dai should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dai using one of the aforementioned exchanges.

DAI/USD price chart by TradingView