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DAI
Dai Stablecoin price
0x6b17...1d0f
$0.0048892
+$0.00025708
(+5.55%)
Price change for the last 24 hours
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DAI market info
Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Market cap = Circulating supply × Last price
Network
Underlying blockchain that supports secure, decentralized transactions.
Circulating supply
Total amount of a coin that is publicly available on the market.
Liquidity
Liquidity is the ease of buying/selling a coin on DEX. The higher the liquidity, the easier it is to complete a transaction.
Market cap
$216.91M
Network
PulseChain
Circulating supply
44,365,140,981 DAI
Token holders
0
Liquidity
$1.25M
1h volume
$77.08K
4h volume
$319.13K
24h volume
$1.64M
Dai Stablecoin Feed
The following content is sourced from .
Joe Takayama🎒
【ENA is up ≈ 47 % this week😳】 @ethena_labs
WHY?
👉 On expectations that Fee Switch—which redirects protocol fees to sENA holders—could go live soon.
Why it matters?
👉 0.10 % mint fee on every USDe (plus other revenue streams) will flow to stakers once the switch flips🔥
Turning ENA into a yield-bearing asset typically fuels buy-side pressure.
Checklist to trigger Fee Switch (and where we stand)
1) USDe in circulation > $6 B ✅ (≈ $6.8 B)
2) Cumulative protocol revenue > $250 M ✅ (≈ $431 M)
3) Reserve fund ≥ 1 % of supply ✅
4) Listed on 4 of top-5 derivatives CEXs ⏳ (now 3)☑️
5) sUSDe APY spread 5–7.5 % ⏳ (currently ~3 %)☑️
✅Only 2 boxes left to tick—another major CEX listing or a wider yield spread could flip the switch any day.
You can trade ENA on @Backpack Exchange🎒
Kairos Research
Ethena's $ENA is up 47% over the last 7 days, but what is driving the rally?
Aside from positive market tailwinds with crypto asset prices rising across the board, ENA's rally stands out for one key reason: Speculation on Fee-Switch Activation
ENA is unique, where the fee switch parameters have already been established, but require certain thresholds to be met or exceeded for it to be formally activated, in which case sENA holders would be the fee recipients.
These fees are primarily generated via 10 bip mint fees on USDe, but other protocol revenue streams exist as well.
The parameters are:
✅ USDe circulating supply: $6.08bn (threshold: >$6bn)
✅ Cumulative protocol revenue: $431.31m (threshold: >$250m)
❌ CEX adoption: USDe CEX adoption: 3 (threshold: 4 of the top 5 CEX by derivatives volume)
✅ Reserve Fund ≥ 1% of USDe supply
❌ sUSDe APY spread vs benchmark: (threshold: 5.0-7.5%)
While the last parameter is not yet within range, the current spreads for sUSDe vs other benchmarks are as follows:
Spread vs AAVE USDC: 3.03%
Spread vs T-Bill: 2.48%
Spread vs sUSDS: 2.05%
The avg 30d apy for sUSDe is 5.59% and the current apy is 9.74% at the time of writing.
Additionally, the influx of staked sUSDe vs other key benchmarks like Maker/Sky's sUSDS signal that capital allocators expect the spread to widen in Ethena's favor, as seen in the chart below.
29.03K
20
Jack The Oiler 💥
performing pretty well huh
Nuts.sonic 🚀👑🚀
Day 96 of posting a new $BRUSH ATH
@paint_swap has been outperforming $S for months.
This is the no-brainer play on Sonic.
The airdrop will drive serious volume - and 50% of platform fees go to buy back and burn $BRUSH.
More usage = more burns = higher. 🚀
1.68K
5
Kairos Research
Ethena's $ENA is up 47% over the last 7 days, but what is driving the rally?
Aside from positive market tailwinds with crypto asset prices rising across the board, ENA's rally stands out for one key reason: Speculation on Fee-Switch Activation
ENA is unique, where the fee switch parameters have already been established, but require certain thresholds to be met or exceeded for it to be formally activated, in which case sENA holders would be the fee recipients.
These fees are primarily generated via 10 bip mint fees on USDe, but other protocol revenue streams exist as well.
The parameters are:
✅ USDe circulating supply: $6.08bn (threshold: >$6bn)
✅ Cumulative protocol revenue: $431.31m (threshold: >$250m)
❌ CEX adoption: USDe CEX adoption: 3 (threshold: 4 of the top 5 CEX by derivatives volume)
✅ Reserve Fund ≥ 1% of USDe supply
❌ sUSDe APY spread vs benchmark: (threshold: 5.0-7.5%)
While the last parameter is not yet within range, the current spreads for sUSDe vs other benchmarks are as follows:
Spread vs AAVE USDC: 3.03%
Spread vs T-Bill: 2.48%
Spread vs sUSDS: 2.05%
The avg 30d apy for sUSDe is 5.59% and the current apy is 9.74% at the time of writing.
Additionally, the influx of staked sUSDe vs other key benchmarks like Maker/Sky's sUSDS signal that capital allocators expect the spread to widen in Ethena's favor, as seen in the chart below.
31.29K
149
YashasEdu
Did you know?
@ethena_labs’ USDe just flipped $DAI to become the 3rd largest stablecoin.
USDe supply is ATH, while $ENA is still down ~65% from its ATH.
$ENA rallied 40% in the last 7 days while crypto bounced broadly. Also remember fee switch has not been activated yet.
Currently: Protocol fees → Treasury
After fee switch activation: Protocol fees → sENA holders
Ethena Labs
USDe supply is back to all-time-highs >$6,000,000,000
We are now entering supply discovery, please fasten your seatbelts
1.9K
28
DAI price performance in USD
The current price of dai-stablecoin is $0.0048892. Over the last 24 hours, dai-stablecoin has increased by +5.55%. It currently has a circulating supply of 44,365,140,981 DAI and a maximum supply of 44,365,140,981 DAI, giving it a fully diluted market cap of $216.91M. The dai-stablecoin/USD price is updated in real-time.
5m
-0.07%
1h
+0.92%
4h
+4.40%
24h
+5.55%
About Dai Stablecoin (DAI)
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DAI FAQ
What’s the current price of Dai Stablecoin?
The current price of 1 DAI is $0.0048892, experiencing a +5.55% change in the past 24 hours.
Can I buy DAI on OKX?
No, currently DAI is unavailable on OKX. To stay updated on when DAI becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of DAI fluctuate?
The price of DAI fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
How much is 1 Dai Stablecoin worth today?
Currently, one Dai Stablecoin is worth $0.0048892. For answers and insight into Dai Stablecoin's price action, you're in the right place. Explore the latest Dai Stablecoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Dai Stablecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Dai Stablecoin have been created as well.
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Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.