Dai 24 Hour Trading Volume Reaches $81.10 Million (DAI)

Dai (DAI) traded 0% higher against the U.S. dollar during the 24-hour period ending at 11:00 AM E.T. on July 31st. One Dai token can currently be purchased for $1.00 or 0.00001507 BTC on major exchanges. Dai has a total market capitalization of $5.35 billion and approximately $81.10 million worth of Dai was traded on exchanges in the last day. During the last week, Dai has traded 0% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded down 2.5% against the dollar and now trades at $0.17 or 0.00000263 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• Lumi Credits (LUMI) traded 2.3% lower against the dollar and now trades at $0.0128 or 0.00000019 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Dai

Dai’s launch date was November 18th, 2019. Dai’s total supply is 5,347,888,596 tokens. Dai’s official website is makerdao.com. The official message board for Dai 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 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.”

Dai Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Dai directly using US dollars. Investors seeking to acquire Dai should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX 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