Compound Dai Reaches Self Reported Market Cap of $579.93 Million (CDAI)

Compound Dai (CDAI) traded flat against the dollar during the 24-hour period ending at 23:00 PM ET on April 29th. Over the last week, Compound Dai has traded 0% lower against the dollar. Compound Dai has a market cap of $579.93 million and $31.35 worth of Compound Dai was traded on exchanges in the last 24 hours. One Compound Dai token can currently be purchased for about $0.0230 or 0.00000037 BTC on exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded 5.1% lower against the dollar and now trades at $0.30 or 0.00000464 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• BitcoinBR (BTCBR) traded 176.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.7% against the dollar and now trades at $0.0096 or 0.00000015 BTC.

Compound Dai Token Profile

Compound Dai was first traded on November 19th, 2019. Compound Dai’s total supply is 2,025,596,474 tokens and its circulating supply is 25,204,924,416 tokens. The official website for Compound Dai is compound.finance. Compound Dai’s official Twitter account is @compoundfinance and its Facebook page is accessible here. The Reddit community for Compound Dai is https://reddit.com/r/compound and the currency’s Github account can be viewed here.

According to CryptoCompare, “Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.

Each money market is unique to an Ethereum asset (such as Ether, an ERC-20 stablecoin such as Dai, or an ERC-20 utility token such as Augur), and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.

cDAI is the Compound’s wrapped version of Multicollateral DAI and it’s available on the Compound platform.”

Compound Dai Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Compound Dai directly using U.S. dollars. Investors seeking to acquire Compound Dai should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Compound Dai using one of the exchanges listed above.

CDAI/USD price chart by TradingView