Dai (DAI) continues to hold a prominent position in India’s rapidly expanding cryptocurrency landscape. As of the latest update on 30 June 2025, the price of Dai stands at ₹85.69, reflecting a modest 0.31% increase over the past 24 hours. This stablecoin, pegged to the US dollar, remains a go-to asset for Indian investors seeking stability in a volatile digital asset market.
With growing adoption of blockchain technology and decentralized finance (DeFi), DAI has become increasingly relevant for traders, developers, and everyday users across India. This article provides a comprehensive overview of Dai’s current market performance, historical trends, and key metrics shaping its presence in the Indian crypto ecosystem.
👉 Discover how stablecoins like Dai are reshaping digital transactions in India.
Current Market Overview
As of 11:58 PM IST on 30 June 2025, here is the latest snapshot of Dai’s market data:
- Current Price: ₹85.69
- 24-Hour Price Range: ₹85.42 – ₹85.92
- 24-Hour Price Change: +₹0.2635 (+0.31%)
- Market Cap: ₹308.82 billion
- 24-Hour Trading Volume: ₹505.39 crore
- Fully Diluted Market Cap: ₹308.82 billion
- Circulating Supply: 3,603,994,602.73 DAI
- Total Supply: 3,603,994,602.73 DAI
Unlike many cryptocurrencies that experience wild price swings, Dai maintains relative stability due to its design as a decentralized stablecoin. Each DAI is soft-pegged to $1 USD through collateralized debt positions on the MakerDAO protocol, ensuring minimal deviation from its target value.
The slight positive movement in the last 24 hours suggests steady demand, possibly driven by increased DeFi usage or hedging against rupee volatility.
Understanding Key Metrics
Market Capitalization and Supply
Dai’s market cap is calculated by multiplying the current price by the circulating supply. With over 3.6 billion DAI in circulation, and no maximum supply cap defined in the traditional sense (as new DAI can be minted via collateral), the system dynamically adjusts based on user activity within the Maker protocol.
This contrasts with fixed-supply assets like Bitcoin (21 million cap) and emphasizes DAI’s role as a utility-driven token rather than a scarce digital commodity.
Trading Volume Insights
The 24-hour trading volume of ₹505.39 crore indicates strong liquidity and consistent trading interest across Indian exchanges and global platforms. High volume often correlates with market confidence and ease of entry/exit for traders.
A surge in volume on 23 June 2025 — reaching nearly ₹1,183 crore — coincided with broader market optimism and increased DeFi protocol interactions, suggesting that DAI is not just held but actively used.
Historical Price Trends (Last 7 Days)
Tracking Dai’s performance over the past week reveals a relatively stable yet slightly declining trend:
| Date | Price (INR) | Volume (INR Cr) | Market Cap (INR Cr) |
|---|---|---|---|
| 29 Jun 2025 | ₹85.43 | ₹392.28 | ₹309,168.57 |
| 28 Jun 2025 | ₹85.48 | ₹236.02 | ₹312,674.93 |
| 27 Jun 2025 | ₹85.51 | ₹426.95 | ₹310,163.80 |
| 26 Jun 2025 | ₹85.65 | ₹497.42 | ₹311,511.27 |
| 25 Jun 2025 | ₹86.00 | ₹482.38 | ₹313,960.05 |
| 24 Jun 2025 | ₹85.95 | ₹562.15 | ₹313,621.86 |
| 23 Jun 2025 | ₹86.35 | ₹1,183.18 | ₹316,426.16 |
While prices fluctuated between ₹85.43 and ₹86.35, the overall movement remains within a narrow band — typical for a well-functioning stablecoin.
Notably, higher volumes on days when prices dipped slightly may indicate accumulation behavior, where traders buy DAI during micro-dips to use in yield-generating protocols or as a safe haven during altcoin volatility.
Why DAI Matters in India’s Crypto Economy
India has seen exponential growth in crypto adoption, with regulatory clarity improving and institutional interest rising. In this environment, DAI offers several advantages:
- Stability Amid Volatility: With frequent swings in INR-USD exchange rates and local crypto regulations, DAI provides a stable store of value.
- Access to Global DeFi: Indian users leverage DAI to participate in lending, borrowing, and yield farming on platforms like Aave and Curve.
- Remittances and Cross-Border Payments: DAI enables faster, cheaper international transfers compared to traditional banking channels.
- Hedging Against Inflation: As inflation concerns persist, some Indians are turning to dollar-pegged assets like DAI to preserve purchasing power.
👉 Learn how Indian investors are using decentralized finance tools with stablecoins like DAI.
Frequently Asked Questions (FAQ)
Q: What is Dai (DAI), and how is it different from other cryptocurrencies?
A: Dai is a decentralized stablecoin pegged to the US dollar and built on the Ethereum blockchain via the MakerDAO protocol. Unlike volatile cryptos like Bitcoin or Ethereum, DAI maintains price stability through over-collateralized loans backed by crypto assets.
Q: Is DAI legal to trade in India?
A: Yes, DAI can be legally traded on registered cryptocurrency exchanges in India. While regulatory frameworks are still evolving, stablecoins are generally treated under the same guidelines as other digital assets.
Q: How can I buy DAI in India?
A: You can purchase DAI on major Indian crypto exchanges using INR or by swapping other cryptocurrencies like USDT or ETH. Ensure the platform supports direct DAI trading pairs and follows KYC norms.
Q: Does DAI have a maximum supply limit?
A: No, DAI does not have a hard-coded maximum supply. New DAI tokens are minted when users lock collateral in MakerDAO vaults, and they are burned when loans are repaid.
Q: Why did DAI’s market cap decrease slightly despite price gains?
A: The minor drop in market cap (-0.11%) despite a price increase can occur due to a reduction in circulating supply — such as when users repay their DAI loans and burn tokens — or slight fluctuations in reporting across exchanges.
Q: Can I earn interest on my DAI holdings?
A: Absolutely. Many DeFi platforms allow you to lend or stake your DAI to earn yields through interest or liquidity mining rewards — often higher than traditional savings accounts.
The Road Ahead for DAI in India
As India embraces digital currency innovation — including the ongoing development of the e-Rupee — stablecoins like Dai will likely play a complementary role in financial inclusion and cross-border efficiency.
With increasing integration into wallets, payment apps, and DeFi ecosystems, DAI’s utility extends beyond speculation into real-world financial services.
Moreover, educational initiatives and improved blockchain infrastructure are helping demystify decentralized finance for mainstream users, making assets like DAI more accessible than ever.
👉 Explore how next-generation financial tools are empowering users across emerging markets.
Final Thoughts
Dai (DAI) remains a cornerstone of the decentralized economy, offering reliability, transparency, and global accessibility — qualities that resonate strongly with India’s tech-savvy population.
Whether you're a seasoned trader or new to crypto, understanding DAI’s pricing dynamics and utility can open doors to smarter investing and financial freedom.
Stay informed, stay secure, and make the most of what decentralized finance has to offer — starting with one of the most trusted stablecoins in the world.
All data accurate as of 30 June 2025.