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XDAI Price
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Gnosis Chain
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xDai tokens are transactional tokens on the xDai chain and also used to pay for the execution of smart contracts and gas fees
xDai is a cryptocurrency created from the MakerDAO DAI token. Dai is a stable token on the Ethereum mainnet pegged to the US dollar. xDai can be acquired by users in a number of ways (for example with a credit card) but behind the scenes, it is always created from Dai, and the value of xDai corresponds 1:1 with Dai. Here's how xDai is created:
When users want to exchange xDai for Dai, the process is executed in reverse. xDai is burned (destroyed) in the xDai chain smart contract, and a verified signal is sent to unlock the exact same amount of Dai on the Ethereum mainnet. The unlocked Dai is then returned to the user’s address on the Ethereum mainnet.
XDAI's current price is $ 0.997, it has dropped -0.06% over the past 24 hours.
XDAI's All Time High (ATH) of $ 9.90 was reached on 29 Jan 2023, and is currently -89.9% down.
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