Dai (DAI) continues to stand out in the evolving cryptocurrency landscape as a stablecoin designed to maintain a 1:1 peg with the US dollar. As of June 8, 2025, the Dai price in India is ₹85.76, reflecting minimal fluctuation over the past 24 hours with a slight decrease of -0.01%. This stability underscores DAI’s role as a reliable digital asset for traders, investors, and users seeking low-volatility exposure to blockchain-based finance.
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Current Market Overview
At the time of update—June 8, 2025, 11:58 PM IST—Dai's market metrics reflect consistent performance across key indicators:
- Current Price: ₹85.76
- 24-Hour Low – High Range: ₹85.72 – ₹85.79
- Price Change (24H): -₹0.0108 (-0.01%)
- Market Cap (24H Change): ₹3,07,57,26,44,836 (+0.62%)
- Trading Volume (24H): ₹3,96,32,91,978
These figures highlight Dai’s strong liquidity and steady demand within Indian crypto markets. With no significant volatility observed, DAI remains a preferred choice for users engaging in decentralized finance (DeFi) applications, cross-border transactions, or hedging against rupee or global market swings.
Understanding Key Metrics
Market Capitalization is calculated by multiplying the current price by the circulating supply. For Dai, this stands at over ₹3.07 lakh crore, indicating widespread adoption and trust in its stability mechanism.
Trading Volume reflects the total value of DAI traded in the last 24 hours. A volume exceeding ₹396 crore suggests active participation from both retail and institutional players in Indian exchanges.
Circulating Supply: Approximately 35.86 billion DAI tokens are currently in circulation. Unlike Bitcoin or other capped-supply cryptocurrencies, Dai’s supply is dynamically adjusted through smart contracts on the MakerDAO protocol to maintain its dollar peg.
Notably, Max Supply is not defined for Dai, as its issuance depends on collateralized debt positions (CDPs) within the Maker system. This flexibility allows the network to scale according to demand without artificial limits.
Historical Performance Trends
Looking at recent historical data provides valuable context for understanding DAI’s price behavior in Indian markets:
| Date | Price (INR) | Trading Volume (INR) | Market Cap (INR) |
|---|---|---|---|
| Jun 7, 2025 | ₹85.77 | ₹444.81 crore | ₹3,05,670 crore |
| Jun 6, 2025 | ₹85.78 | ₹632.48 crore | ₹3,07,445 crore |
| Jun 5, 2025 | ₹85.90 | ₹1,071.86 crore | ₹3,03,535 crore |
| Jun 4, 2025 | ₹85.90 | ₹606.04 crore | ₹3,03,107 crore |
| Jun 3, 2025 | ₹85.71 | ₹793.10 crore | ₹3,07,467 crore |
| Jun 2, 2025 | ₹85.36 | ₹481.96 crore | ₹3,02,493 crore |
| Jun 1, 2025 | ₹85.52 | ₹684.25 crore | ₹3,40,810 crore |
A notable spike in trading volume occurred on June 5, reaching over ₹1,071 crore—likely driven by increased DeFi activity or macroeconomic factors influencing crypto sentiment in India. Despite these shifts, DAI’s price has remained tightly anchored between ₹85.36 and ₹85.90 over the week, demonstrating resilience and effective stabilization mechanisms.
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What Is Dai (DAI)?
Dai is an Ethereum-based decentralized stablecoin issued by the MakerDAO protocol. Unlike centralized stablecoins backed directly by USD reserves held in banks, Dai is over-collateralized using various crypto assets locked in smart contracts. This design enhances transparency and reduces reliance on traditional financial intermediaries.
Users generate DAI by depositing collateral—such as ETH or other approved tokens—into Maker Vaults. The system automatically adjusts incentives and penalties to ensure that each DAI remains pegged to $1 USD (~₹85.76 as of this report).
Why Use Dai in India?
For Indian users, Dai offers several advantages:
- Stability Amid Volatility: Protects holdings during periods of high crypto market swings.
- Global Access: Enables participation in international DeFi protocols like lending, yield farming, and staking.
- Fast & Low-Cost Transfers: Ideal for remittances or peer-to-peer payments across borders.
- Regulatory Neutrality: As a decentralized asset, it operates independently of local banking restrictions.
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These terms align with common search queries from Indian users seeking accurate and timely information about DAI’s performance and utility.
Frequently Asked Questions (FAQ)
What is the current price of Dai in India?
As of June 8, 2025, the price of Dai in India is ₹85.76 per token. It has remained largely stable over the past week with minor fluctuations within a ₹0.15 range.
Is Dai a good investment in India?
While Dai is not intended for capital appreciation (as it's pegged to the US dollar), it serves as a safe store of value and a gateway to earn yields through DeFi platforms. Indian investors often use DAI to avoid rupee volatility while remaining active in crypto markets.
How is Dai different from other stablecoins?
Dai stands out due to its decentralized nature. Unlike USDT or USDC, which rely on centralized reserves, Dai is backed by crypto collateral and governed by community-driven smart contracts on Ethereum via MakerDAO.
Can I buy Dai with Indian Rupees?
Yes, several Indian cryptocurrency exchanges allow users to purchase DAI directly using INR. Additionally, users can swap other cryptocurrencies for DAI on decentralized exchanges (DEXs).
What affects the Dai price in INR?
Although Dai aims to track the US dollar, its INR price fluctuates based on USD/INR exchange rates. Broader market sentiment, regulatory developments in India, and global liquidity conditions can also influence trading dynamics.
How does Dai maintain its $1 peg?
Through an automated system of incentives, liquidations, and stability fees within the Maker Protocol. When DAI trades above $1, users are incentivized to generate more DAI; when below $1, mechanisms encourage repayment and reduction of supply.
👉 Explore how decentralized stablecoins are powering the future of finance.
Final Thoughts
Dai continues to play a pivotal role in bridging traditional finance with the emerging world of decentralized applications. Its resilience, transparency, and utility make it a cornerstone asset for Indian crypto users navigating an increasingly complex digital economy.
Whether you're preserving capital during uncertain times or leveraging DAI for DeFi opportunities abroad, staying informed about its price movements and underlying fundamentals is essential. With real-time data showing consistent performance and strong market fundamentals, Dai remains a trusted option for those seeking stability in the volatile crypto ecosystem.
By integrating insights from market trends, historical data, and user needs, this overview equips Indian investors with actionable knowledge to make informed decisions in their digital asset journey.