#DAI
look guys
Dai coin is low but few months is grow
Dai coin, denoted as DAI, is a decentralized stablecoin that operates on the Ethereum blockchain. Its main goal is to maintain a 1:1 peg with the US Dollar, making it a reliable store of value. Unlike traditional stablecoins, Dai achieves its stability through a system of smart contracts and collateralized debt positions (CDPs) rather than being backed by fiat reserves.
Key Details
- *Current Price*: $0.999985 to $1.00 USD
- *Market Cap*: Approximately $3.72 billion to $5.36 billion USD
- *Trading Volume (24h)*: Around $129 million to $23.57 billion USD
- *Circulating Supply*: About 3.72 billion DAI
- *All-Time High*: $1.22 USD, reached on March 13, 2020
- *All-Time Low*: $0.88196 USD, recorded on March 11, 2023
Dai is managed by MakerDAO and is designed to provide economic freedom and resist hyperinflation due to its low volatility. It's an essential part of the decentralized finance (DeFi) infrastructure on Ethereum ¹ ² ³.
