CoinIvy

Market weather: green · Bitcoin above its 20-week average (31 Oct 2026)

DaiDAI

A decentralized US-dollar stablecoin from the Sky protocol (formerly MakerDAO), minted against crypto and USDC collateral.

Rank #22Since December 2017
Price on 31 Oct 2026
C$1.40 -0.5% since 31 Jul 2026 · 17.6% below its all-time high

The short version

Dai is a US-dollar stablecoin created by MakerDAO in Dec 2017 and now run by the Sky protocol alongside its successor, USDS. It is minted against on-chain collateral, of which about 70% is USDC. In Oct 2026 an EU regulator's opinion required EU service providers to wind down unauthorised stablecoins by about 8 Jan 2027. On 31 Oct 2026 one DAI cost C$1.40. From 31 Jul 2026 to 31 Oct 2026 its price changed -0.5% in Canadian dollars, and it was 17.6% below its all-time high of C$1.70 set on 12 Mar 2020.[1]

Checked 31 Oct 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$1.43 (12 Oct 2026) · low C$1.35 (1 Feb 2026) · -0.0%[1]

Month-end prices (table)
DateC$US$
31 Oct 2026C$1.40US$1.00
30 Sep 2026C$1.42US$1.00
31 Aug 2026C$1.39US$0.9998
31 Jul 2026C$1.40US$0.9999
30 Jun 2026C$1.42US$0.9997
31 May 2026C$1.38US$0.9995
30 Apr 2026C$1.36US$0.9998
31 Mar 2026C$1.39US$0.9997
28 Feb 2026C$1.37US$0.9999
31 Jan 2026C$1.35US$0.9997
31 Dec 2025C$1.37US$0.9996
30 Nov 2025C$1.40US$0.9996

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026
C$1.40[1]
3-month change
-0.5% in C$ (31 Jul 2026 to 31 Oct 2026)[1]
From its high
17.6% below its high of C$1.70 (12 Mar 2020)[1]
Market rank
#22, market value about C$6.3B[1]
Kind
Stablecoin · Ethereum (ERC-20); also bridged to other networks
Started
December 2017

Checks: the same 9 questions for every coin

Facts, not a rating
Can an admin key create new coins?NoMinted only by protocol contracts against posted collateral; Sky governance sets the rules[2, 3]
Can anyone freeze or take coins from holders?NoNo blacklist, pause or balance-change function in the contract[3]
Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy[3]
Is the supply capped?NoNo maximum; supply follows loans against collateral[4]
Any scheduled unlocks in the next 12 months?NoNo vesting or locked allocations[5]
Does a team or foundation hold over 10% of supply?NoNo team or investor allocation; DAI exists only against collateral[5]
Do network fees reach coin holders?YesHolders who deposit in the savings rate earn part of protocol interest[6]
Main network hacked or halted in the past 2 years?NoNo exploit of DAI contracts since 2020; a 6 Oct 2026 keeper-bot loss was third-party[7]
Is a regulator or court case targeting the coin itself?NoNo enforcement action found; the EU wind-down follows a general ESMA opinion[8]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by
Sky protocol governance (SKY holders); founder Rune Christensen; the Sky Frontier Foundation publishes figures[2]
Issuer
No single company; the Maker Foundation (Copenhagen) dissolved in 2021[2]
Contract powers
Mint function held by Sky protocol contracts; no blacklist, pause or balance-change function[3]

Supply

In circulation
4.54B DAI[1]
Maximum supply
None set[1]
Outstanding
US$4.72B on 31 Oct 2026[4]
Collateral
US$4.99B tracked on-chain: USDC US$3.61B, WETH US$1.27B, plus smaller wstETH and WBTC[5]
Attestation
None; collateral is visible on-chain[5]

Use and fees

Savings rate
Holders who deposit DAI in the savings rate earn part of borrowers' interest[6]
Protocol fees
US$389M over the past year, shared with USDS and SKY[9]

Trading

Daily trading
About C$294.6M a day on average, 31 Jul 2026 to 31 Oct 2026[1]
Daily turnover
Typically 4.27% of its market value changes hands each day[1]
20-week average
0.0% above its 20-week average price[1]
1-year change
+0.1% in C$[1][10]

History

Not a forecast

Coins ranked 11-50 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 1,080 cases, 157 coins

46% were higher a year later[11]

Typical result
Median -6% after a year; 61% higher after two years
Lost half or more
25% within a year
Against Bitcoin
12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found
  • ESMA's 8 Oct 2026 opinion bars EU providers from servicing unauthorised stablecoins such as DAI, with a wind-down to about 8 Jan 2027.[8]
  • Moody's rated the Sky protocol B3 on 7 Oct 2026, citing about US$90M of equity behind about US$10B of assets.[12]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

  1. CoinGecko market data, 31 Oct 2026
  2. Wikipedia (Dai)
  3. GoPlus token security, 1 Nov 2026
  4. DefiLlama stablecoins, 31 Oct 2026
  5. DefiLlama (Sky lending collateral), 31 Oct 2026
  6. DefiLlama token rights (Sky)
  7. DefiLlama hacks, 31 Oct 2026
  8. CoinMarketCap AI updates (DAI), Oct 2026
  9. DefiLlama fees and revenue, 31 Oct 2026
  10. Bank of Canada USD/CAD rate, 31 Oct 2025
  11. CoinIvy history data: CoinMarketCap weekly rankings 2013-2026, dead coins included
  12. The Block (Moody's B3), 7 Oct 2026

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.