Dai (DAI) 24 Hour Trading Volume Reaches $228.54 Million

Dai (DAI) traded up 0% against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on February 6th. One Dai token can now be purchased for $1.00 or 0.00001023 BTC on popular exchanges. Dai has a market cap of $5.37 billion and $228.54 million worth of Dai was traded on exchanges in the last 24 hours. During the last seven days, Dai has traded down 0% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• GMX (GMX) traded down 1.2% against the dollar and now trades at $16.74 or 0.00017123 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.2% against the dollar and now trades at $97,789.57 or 1.00003066 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.1% lower against the dollar and now trades at $97,512.15 or 0.99719363 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Dai Profile

Dai was first traded on November 18th, 2019. Dai’s total supply is 5,365,382,703 tokens. The official website for Dai is makerdao.com. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here. The official message board for Dai is medium.com/@MakerDAO.

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.”

Dai Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Dai directly using US dollars. Investors seeking to acquire Dai should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dai using one of the aforementioned exchanges.

DAI/USD price chart by TradingView