Convert Dai DAI to Ethereum ETH
DAI to ETH: 1 Dai converts to 0.000238 ETH as of September 22 at 11:45 PM
About DAI and ETH
Dai is climbing, while Ethereum is falling this week. The current DAI to ETH conversion rate is 0.000238. Inversely, this means that if you convert 1 ETH you will get 4,209.24 DAI. The conversion rate of DAI/ETH has decreased by 0.38% in the last hour (ETH/DAI increased by 0.38%). In the last 24 hours, DAI/ETH grew by 6.01%, while ETH/DAI shrunk by the same amount.
The exchange rate of Dai is increasing. The current value of 1 DAI is 0.000238 ETH. In other words, to buy 5 Dai, it would cost you 0.001188 ETH. Inversely, 1 ETH would allow you to trade for 4,209.24 DAI while 50 ETH would convert to 210,462.16 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 7.03%. Meanwhile, in the last 24 hours, the rate has changed by 5.61%, which means that the highest exchange rate of 1 DAI to ETH was 0.000246 ETH and the lowest 24 hour value was 1 DAI for 0.000224 ETH. Last month, 1 DAI was worth 0.000207 ETH. Today, it's up 12.88%. Looking back a year, Dai has changed by 0.000387 ETH. That means that in a single year, the value of Dai has shrank by 63.07%.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Ethereum Market Stats
Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.