ADAI coin is an ERC20 token that is backed by the Dai (DAI) stablecoin on the Aave protocol. ADai can be used as collateral to borrow other assets on Aave or exchanged for Dai through the Aave Marketplace.
ADAI Coin Price
As of writing, the price of ADai is $0.994749 USD, up 3.32% in the last 24 hours. The total supply of ADai is 1,000,000,000 and the circulating supply is 940,852,208 ADAI.
ADAI is currently ranked at #151 on CoinMarketCap with a market capitalization of $937,781,072 USD.
Volume (24h) $8,597,704 USD
Circulating Supply 940,852,208 ADAI
Total Supply 1,000,000,000 ADAI
What is Aave DAI, and why should I care?
If you’re not familiar with stablecoins, they are digital assets that aim to maintain a peg to a specific fiat currency (in this case, the US dollar). In most cases, this is done by collateralizing the stablecoin with other assets.
Dai is a popular stablecoin that is backed by various crypto assets on the Maker Protocol. It is an Ethereum-based ERC20 token with a 1:1 peg to the US dollar.