Current Dai Market Data
Price: 144.4 JPY
24h Change: +0.42%
| Metric | Value |
|---|---|
| 24h High | 145.2 JPY |
| 24h Low | 143.9 JPY |
| Market Cap | 521,172,807,896.3 JPY |
Note: Reference prices use mid-point calculations. Execution prices may vary.
bitFlyer began handling DAI on February 19, 2024. Pre-listing chart data is for reference only.
Understanding Dai: A Stablecoin Primer
Dai is an Ethereum-based decentralized stablecoin pegged to the US dollar (1 DAI ≈ 1 USD). Its value is backed by collateralized crypto assets like ETH through MakerDAO's smart contract system. Key features include:
- Price Stability: Algorithmically adjusted via MakerDAO's governance
- Decentralized Finance (DeFi) Utility: Used for lending, trading, and yield farming
- Transparent Backing: Collateral reserves publicly verifiable on-chain
Dai Frequently Asked Questions
How much Dai can I purchase minimum?
You can buy Dai with just 1 JPY. Minimum order size is 0.001 DAI.
Are there trading fees for Dai?
bitFlyer charges no direct trading fees but applies a spread. Check their commission page for details.
Can I withdraw Dai from bitFlyer?
Dai withdrawals are currently unavailable on bitFlyer.
Is Dai trading available 24/7?
Yes, Dai trades continuously except during platform maintenance periods.
Does bitFlyer have a mobile app?
👉 bitFlyer Wallet supports full trading functionality on iOS and Android.
Why Dai Matters in Crypto Markets
As a leading stablecoin, Dai offers:
- Hedging against volatility while remaining in crypto ecosystems
- Interoperability across hundreds of DeFi protocols
- Censorship-resistant transactions unlike centralized stablecoins
For those exploring decentralized finance, understanding Dai's mechanics provides crucial insight into how blockchain can create stable value stores without traditional banking infrastructure.