Dai

Dai ($DAI) trades at $1.00, remaining flat across both 24-hour and seven-day windows, with a market capitalization of $5.4 billion at rank #24.

Regulatory shifts lead recent developments. Under European Union crypto regulations, Coinbase plans to convert retail balances across the European Economic Area for 14 non-MiCA tokens—including $DAI, $USDT, and $PYUSD—into $USDC on Oct. 30, according to an update on how Coinbase will convert non-MiCA stablecoins.

Decentralized liquidity pools also show notable activity. Decentralized exchange Curve saw its trading volume touch $847 million on Oct. 30, with its core DAI/USDC/USDT 3pool handling $343 million amid shifting reserve compositions, as detailed in coverage of how Curve volume reached $847 million.

Separately, on-chain scanners tracked massive transfers between unlabelled Ethereum addresses between Oct. 27 and Oct. 31, including multiple tranches of roughly 309.5 million DAI alongside a single transfer of 500 million DAI.