Current Dai (DAI) Price Overview
Price (INR): ₹86.96
24h Change: 0.21% (₹0.1817)
Last Updated: 12 Feb 2025 | 11:58 PM IST
Key Metrics
- 24h Range: ₹86.31 – ₹86.99
- Market Cap: ₹3,02,61,03,45,754
- 24h Volume: ₹21,32,20,39,263
- Circulating Supply: 3,48,00,24,627.25 DAI
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Historical Price Data (February 2025)
| Date | Price (INR) | Volume (INR) | Market Cap (INR) |
|------------|-------------|--------------------|------------------------|
| 11/02/2025 | ₹86.78 | ₹17,40,15,81,473 | ₹3,02,50,65,15,884 |
| 10/02/2025 | ₹87.44 | ₹17,08,89,40,347 | ₹3,03,46,13,75,172 |
| 09/02/2025 | ₹87.69 | ₹12,80,84,70,945 | ₹3,04,97,74,86,015 |
| ... | ... | ... | ... |
Data reflects DAI’s price volatility and trading activity over the past week.
Understanding Dai (DAI)
What is DAI?
DAI is a stablecoin pegged to the US dollar (1 DAI ≈ $1), designed to minimize price fluctuations. It operates on the Ethereum blockchain and is backed by collateralized crypto assets.
Key Features:
- Decentralized: Managed by MakerDAO’s smart contracts.
- Stability: Maintains its peg through algorithmic adjustments.
- Transparency: Collateral reserves are publicly verifiable.
FAQs About Dai (DAI)
1. Why is DAI’s price stable?
DAI uses over-collateralization and automated smart contracts to stabilize its value against the USD, unlike volatile cryptocurrencies like Bitcoin.
2. How can I buy DAI in India?
Purchase DAI on reputable exchanges using INR or other cryptocurrencies. Always verify platform security and fees.
3. What affects DAI’s market cap?
Changes in circulating supply, demand for decentralized finance (DeFi) applications, and Ethereum network activity influence its market cap.
4. Is DAI a good investment?
As a stablecoin, DAI is ideal for hedging against crypto volatility or earning interest via DeFi platforms, rather than speculative gains.
Market Trends and Analysis
- Recent Uptick: DAI’s 0.21% rise aligns with increased DeFi lending activity.
- Volume Surge: February 2025 trading volume peaked at ₹21,320 crores, signaling heightened liquidity.
For live updates, check reliable crypto tracking tools.
Final Thoughts
Dai (DAI) remains a cornerstone of the DeFi ecosystem, offering stability in a turbulent market. Monitor its INR price trends, historical data, and ecosystem developments to make informed decisions.
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