G.MARKETS
BTC$64,346.00-0.50%
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LIVE
BTC$64,346.00▼ 0.50%ETH$1,905.73▼ 0.60%USDT$0.9992▲ 0.00%BNB$589.97▼ 1.60%USDC$0.9996▲ 0.00%XRP$1.03▼ 3.20%SOL$72.57▼ 2.40%TRX$0.3267▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.09▼ 2.90%DOGE$0.0687▼ 2.20%USDS$0.9999▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$493.65▼ 4.60%ADA$0.2032▲ 7.70%XMR$366.24▲ 2.40%WBT$55.76▼ 0.50%LINK$8.22▲ 0.10%XLM$0.1609▼ 3.90%DAI$1.00▲ 0.00%BCH$213.41▼ 0.70%USD1$0.9996▲ 0.00%USDE$0.9995▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0954▼ 9.00%LTC$45.43▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0684▼ 1.40%BTC$64,346.00▼ 0.50%ETH$1,905.73▼ 0.60%USDT$0.9992▲ 0.00%BNB$589.97▼ 1.60%USDC$0.9996▲ 0.00%XRP$1.03▼ 3.20%SOL$72.57▼ 2.40%TRX$0.3267▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.09▼ 2.90%DOGE$0.0687▼ 2.20%USDS$0.9999▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$493.65▼ 4.60%ADA$0.2032▲ 7.70%XMR$366.24▲ 2.40%WBT$55.76▼ 0.50%LINK$8.22▲ 0.10%XLM$0.1609▼ 3.90%DAI$1.00▲ 0.00%BCH$213.41▼ 0.70%USD1$0.9996▲ 0.00%USDE$0.9995▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0954▼ 9.00%LTC$45.43▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0684▼ 1.40%
ACTIVEDaiDAI→Ethena USDeUSDE
DAI WOULD BE$0.8467
MULTIPLIER▼ 0.85x
TARGET MCAP$3.88B
G.MARKETS/PAIR ANALYSIS·Dai logoDAI→Ethena USDe logoUSDE· LIVE· as of 19:31 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

DAI WOULD BE
$0.00000000
currently $1.00 · target mcap $3.88B
MULTIPLIER
▼0.00x

DAI would drop to 0.85x of its current price at USDE's valuation

COIN PROFILES·DAI vs USDE
Dai logo
DAIUnverified
Dai
SOURCE

MakerDAO has launched Multi-collateral DAI (MCD).

PRICE$1.00
24H CHANGE▲ 0.00%
MARKET CAP$4.59BFDV $4.59B · Fully circulating
RANK#21
SUPPLY4.6B DAI
DOMINANCE0.15%
7d▲ 0.00%
VS
Ethena USDe logo
USDEUnverified
Ethena USDe
TARGET

Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

PRICE$0.9995
24H CHANGE▲ 0.00%
MARKET CAP$3.88BFDV $3.88B · Fully circulating
RANK#24
SUPPLY3.9B USDE
DOMINANCE0.13%
7d▲ 0.00%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
84.7% the size
DAI$4.59B
USDE$3.88B
THE CLIMBDai logoDAI→Ethena USDe logoUSDEMULTIPLIER▼ 1.18xGAP$703.30M
Dai logo
SOURCEDAI$4.59B
Ethena USDe logo
TARGETUSDE$3.88B
USD1 logo
USD1$3.99B
Bitcoin Cash logo
BCH$4.28B
log scale · mcap in USDAug 6, 2026
Dai logo
DAIDai
$4.59BSOURCE
USD1 logo
USD1
$3.99B
Bitcoin Cash logo
BCH
$4.28B
Ethena USDe logo
USDEEthena USDe
$3.88BTARGET
mcap in USDAug 6, 2026
BAG SCENARIOS·IF DAI HIT USDE MCAP·TARGET $0.8467
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 DAI$100.00$84.67−$15.33
Coffee money1K DAI$1,000.00$846.72−$153.28
Small bag10K DAI$10,000.00$8,467.23−$1,532.77
Real bag100K DAI$100,000.00$84,672.26−$15,327.74
Whale bag1M DAI$1,000,000.00$846,722.60−$153,277.40
Generational10M DAI$10,000,000.00$8,467,226.02−$1,532,773.98

FOR CONTEXT

$3.88B compared to the world
NikeNKE
$130.00B
USDE mcap is 3.0% of Nike
StarbucksSBUX
$100.00B
USDE mcap is 3.9% of Starbucks
SpotifySPOT
$90.00B
USDE mcap is 4.3% of Spotify
RobloxRBLX
$30.00B
USDE mcap is 12.9% of Roblox
RedditRDDT
$25.00B
USDE mcap is 15.5% of Reddit
SnapchatSNAP
$20.00B
USDE mcap is 19.4% of Snapchat
RELATED COMPARISONS·OTHER WAYS TO ASK
Dai logoDAI→Bitcoin logoBTCVerified by G.MARKETS
$281.54▲ 282x
Dai logoDAI→Ethereum logoETHVerified by G.MARKETS
$50.15▲ 50.1x
Dai logoDAI→Tether logoUSDTVerified by G.MARKETS
$39.99▲ 40.0x
Dai logoDAI→BNB logoBNBVerified by G.MARKETS
$17.13▲ 17.1x
Dai logoDAI→USDC logoUSDCVerified by G.MARKETS
$15.67▲ 15.7x
Dai logoDAI→XRP logoXRPVerified by G.MARKETS
$14.10▲ 14.1x

About this comparison

This page compares the market capitalizations of Dai (DAI) and Ethena USDe (USDE). With Dai currently at $1.00 per coin and a market cap of $4.59B, and Ethena USDe at $0.9995 with a market cap of $3.88B, applying Ethena USDe's market cap to Dai's circulating supply produces a hypothetical DAI price of $0.8467 — a 0.85x move from current.

Dai: MakerDAO has launched Multi-collateral DAI (MCD).

Ethena USDe: Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If Dai had Ethena USDe's market cap, what would the price be?

If Dai (DAI) had Ethena USDe's (USDE) current market cap of $3.88B, each DAI would be worth approximately $0.8467 based on the circulating supply of 4,586,169,565 DAI. That is 0.85x the current DAI price of $1.00.

What is the current market cap of Dai?

Dai (DAI) currently has a market cap of $4.59B, ranking #21 by market capitalization. Each DAI trades at $1.00.

What is the current market cap of Ethena USDe?

Ethena USDe (USDE) currently has a market cap of $3.88B, ranking #24 by market capitalization. Each USDE trades at $0.9995.

How does DAI compare to USDE?

Dai's market cap of $4.59B sits below Ethena USDe's $3.88B. For DAI to reach USDE's current valuation, the price would need to move 0.85x from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Dai's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.