Dai (DAI) continues to hold a prominent position in India’s growing cryptocurrency landscape as a stablecoin designed to maintain a 1:1 peg with the US dollar. On 28 May 2025, the price of Dai in Indian Rupees (INR) stands at ₹85.38, reflecting minimal fluctuation with a 0.03% change over the past 24 hours. This stability underscores DAI’s role as a reliable digital asset for traders, investors, and users seeking to hedge against market volatility.
With increasing adoption of decentralized finance (DeFi) platforms across India, DAI has become a go-to option for seamless cross-border transactions, lending, and borrowing — all without relying on traditional banking systems.
Current Market Overview
As of 11:58 PM IST on 28 May 2025, here is the latest market data for Dai in INR:
- Current Price: ₹85.38
- 24-Hour Low – High: ₹85.28 – ₹85.72
- Price Change (24H): +₹0.0259 (+0.03%)
- Market Cap (24H Change): ₹3,22,23,20,29,411 (+1.45%)
- 24-Hour Trading Volume: ₹7,17,98,51,483
- Fully Diluted Market Cap: ₹3,22,13,25,23,202
👉 Discover how stablecoins like DAI are reshaping digital finance in India.
Circulating and Total Supply
- Circulating Supply: 3,77,35,81,374.24 DAI
- Total Supply: 3,77,24,16,081.09 DAI
Unlike Bitcoin or Litecoin, Dai does not have a fixed maximum supply. Instead, new DAI tokens are minted through collateralized debt positions (CDPs) on the MakerDAO platform — a decentralized protocol built on Ethereum. This dynamic supply model allows DAI to scale with demand while maintaining its dollar peg through over-collateralization and smart contract automation.
Why DAI Matters in India’s Crypto Ecosystem
India has seen rapid growth in cryptocurrency adoption over recent years, driven by tech-savvy youth, rising internet penetration, and increasing interest in alternative financial instruments. Amid regulatory scrutiny on centralized exchanges and concerns about volatility, stablecoins like DAI offer a balanced solution.
Key Advantages of Using DAI in India:
- Stability: Pegged to the USD, DAI minimizes price swings common in other cryptos.
- Decentralization: Operates without central authority via MakerDAO governance.
- Transparency: All transactions and reserves are verifiable on the blockchain.
- Accessibility: Can be used globally without restrictions from local banking systems.
For Indian investors looking to enter DeFi protocols — such as yield farming, liquidity pools, or lending — DAI serves as a foundational asset due to its trustless nature and integration across major platforms.
Historical Price Trends (23–28 May 2025)
Tracking short-term price movements helps assess market sentiment and trading patterns. Below is a summary of DAI's performance over the past week:
| Date | Price (INR) | Trading Volume (INR) | Market Cap (INR) |
|---|---|---|---|
| 28/05/2025 | ₹85.38 | ₹7,17,98,51,483 | ₹3,22,23,20,29,411 |
| 27/05/2025 | ₹85.37 | ₹6,99,52,46,813 | ₹3,17,63,65,57,139 |
| 26/05/2025 | ₹85.17 | ₹4,15,20,70,878 | ₹3,15,93,54,14,110 |
| 25/05/2025 | ₹85.20 | ₹4,71,92,83,324 | ₹3,15,07,82,71,120 |
| 24/05/2025 | ₹85.07 | ₹4,72,09,08,553 | ₹3,14,15,75,72,847 |
| 23/05/2025 | ₹85.04 | ₹16,06,27,38,315 | ₹3,13,59,94,29,006 |
Notably, trading volume spiked on 23 May 2025, reaching over ₹16,000 crores — possibly indicating increased institutional or retail activity ahead of broader market shifts.
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These keywords align with high-intent queries from users searching for real-time data and educational insights about DAI’s performance and utility.
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Frequently Asked Questions (FAQs)
What is Dai (DAI), and how does it maintain its value?
Dai is a decentralized stablecoin issued by MakerDAO and pegged to the US dollar. It maintains its value through an ecosystem of smart contracts on Ethereum that require users to lock up crypto collateral (like ETH) to generate DAI. Automated mechanisms adjust incentives to keep the price close to $1.
Is Dai legal to use in India?
Yes. While the Indian government has not yet established a comprehensive regulatory framework for cryptocurrencies, stablecoins like Dai are not explicitly banned. They are widely used in decentralized applications and peer-to-peer trading platforms.
How can I buy Dai (DAI) in India?
You can acquire DAI through international cryptocurrency exchanges that support INR deposits or allow trading pairs with USDT/INR. Alternatively, you can use decentralized exchanges (DEXs) like Uniswap after funding your wallet with another cryptocurrency.
Does Dai have a maximum supply limit?
No. Unlike Bitcoin or Litecoin, Dai does not have a capped supply. New DAI tokens are created when users deposit collateral into Maker Vaults. The supply adjusts dynamically based on demand within the DeFi ecosystem.
Why did DAI's trading volume spike on 23 May 2025?
A surge in trading volume often signals heightened market activity — possibly due to arbitrage opportunities between exchanges, large wallet movements, or anticipation of macroeconomic events affecting fiat currencies.
Can I earn interest on my DAI holdings?
Absolutely. Many DeFi platforms offer yield-generating opportunities such as liquidity pools, lending protocols (e.g., Aave or Compound), and staking-like mechanisms where you lend your DAI and earn passive income in return.
Final Thoughts: The Future of DAI in India
As India moves closer to formal crypto regulations and digital asset integration into mainstream finance grows stronger, stablecoins like Dai will likely play an increasingly vital role. Their ability to combine stability with decentralization makes them ideal for remittances, savings alternatives in high-inflation scenarios (indirectly), and participation in global DeFi markets.
Whether you're a beginner exploring crypto for the first time or an experienced trader navigating volatile markets, keeping track of DAI cryptocurrency prices in INR offers valuable insight into broader economic trends and digital asset health.
👉 Stay ahead of the curve — explore tools to track DAI and other cryptos in real time.