USD-pegged · crypto-backed · #4 by USD value
Dai (DAI) is a USD-pegged crypto-backed stablecoin, backed by overcollateralized crypto cdp. It currently ranks #4 among tracked stablecoins by circulating supply, and is deployed across 49 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 85.7% | $4.12B |
| Polygon | 11.5% | $552.1M |
| Fantom | 0.7% | $35.1M |
| BSC | 0.6% | $31.1M |
| Arbitrum | 0.4% | $18.6M |
| OP Mainnet | 0.3% | $13.7M |
| PulseChain | 0.3% | $12.4M |
| Avalanche | 0.2% | $10.7M |
| Kaia | 0.2% | $8.0M |
| Kava | 0.0% | $1.9M |
| Moonriver | 0.0% | $734,717 |
| Solana | 0.0% | $510,262 |
Dai (DAI) is a USD-pegged stablecoin backed by overcollateralized crypto cdp. Its peg mechanism is crypto-backed, and it currently ranks #4 among tracked stablecoins by circulating supply.
DAI has a circulating supply of $4.80B (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
DAI is backed by Overcollateralized crypto CDP. This means holders' claims are collateralized in that form, with reserves reported by the issuer.
DAI is deployed across 49 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
DAI shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; DAI ranks #4.
| Full Name | Dai |
| Symbol | DAI |
| Peg | USD |
| Peg Mechanism | crypto-backed |
| Backing | Overcollateralized crypto CDP |
| Chains Deployed | 49 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |