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DAI, the largest decentralized stablecoin on Ethereum developed and managed by MakerDAO, serves as foundational infrastructure for decentralized finance (DeFi). According to market records, DAI launched with an early trading price of approximately $1.0 in 2017.
The following presents DAI’s price performance during its early market phases:
2017
2018
2019
An investor who purchased 10 DAI tokens at the onset of this period would have achieved a potential gain of approximately $0.298 if liquidated at the end of 2019.
Market Consolidation and Mid-Cycle Development: Stability and Risk Analysis (2020 to 2023)
During this period, DAI demonstrated the characteristics of a stablecoin pegged to the US dollar, with price movements remaining remarkably constrained as the token fulfilled its core function of maintaining low volatility to resist severe inflation.
The following illustrates potential returns for investors who purchased 10 DAI tokens during various years in this consolidation phase:
Recent Market Cycle: Should I Buy DAI Now? (2024 to 2026)
In recent years, DAI has continued to maintain its stability as a decentralized stablecoin, with minimal price volatility reflecting its core design purpose of USD parity.
2024
2025
2026 (to date)
Potential returns for investors who purchased 10 DAI tokens during this recent period:
Summary: Stablecoin Nature and Investment Considerations
Through analysis of DAI’s historical price movements and potential returns since 2017, we observe that DAI has maintained exceptional stability by design as a decentralized, collateral-backed stablecoin pegged to the US dollar. Unlike traditional volatile cryptocurrencies, DAI’s primary function is price stability rather than capital appreciation. For investors seeking to address the question “Should I buy DAI now?”—the answer depends on one’s investment objectives: DAI is suitable for those seeking a stable store of value and a hedge against inflation within the DeFi ecosystem, rather than capital growth opportunities.