Compound Dai (CDAI) Self Reported Market Cap Reaches $563.94 Million

Compound Dai (CDAI) traded down 0% against the US dollar during the 24 hour period ending at 16:00 PM ET on September 19th. One Compound Dai token can now be purchased for $0.0224 or 0.00000082 BTC on major exchanges. Compound Dai has a total market cap of $563.94 million and approximately $189.02 worth of Compound Dai was traded on exchanges in the last 24 hours. Over the last week, Compound Dai has traded down 0% against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded 3.7% higher against the dollar and now trades at $0.28 or 0.00001028 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.
• OmniaVerse (OMNIA) traded 0.8% lower against the dollar and now trades at $0.0010 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 0.3% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded 0% lower against the dollar and now trades at $0.0086 or 0.00000032 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.2% lower against the dollar and now trades at $0.0076 or 0.00000028 BTC.

About Compound Dai

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

Buying and Selling Compound Dai

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

CDAI/USD price chart by TradingView