Dai

Dai ($DAI) trades at $1.00, holding flat over 24 hours and up 0.1% across seven days, with a market capitalization of $5.4 billion at rank #24.

The recorded activity consists entirely of routine, unlabelled large-scale transfers rather than substantive project developments. On-chain monitoring logged multiple high-volume transactions moving between unidentified Ethereum addresses between Oct. 20 and Oct. 25. Notable transfers include repeated tranches of 500 million $DAI—such as transfers logged on Oct. 20, Oct. 21, Oct. 22, and Oct. 24—alongside recurrent movements of 309,485,010 DAI throughout the same period. Beyond these repetitive balance shifts, the stablecoin generated no protocol updates or governance news during the monitored window.