XDAIPrice(XDAI)
Details XDAI (XDAI) Price information (USD)
The current real-time price of XDAI is $1. In the past 24 hours, XDAI has traded between $0.9997 and $1, showing strong market activity. The all-time high of XDAI is $9.92, and the all-time low is $0.1784.
From a short-term perspective, the price change of XDAI over the past 1 hour is
XDAI (XDAI) Market Information
XDAI (XDAI) Today's Price
The live price of XDAI today is $1, with a current market cap of $93.058M. The 24-hour trading volume is 602K. The price of XDAI to USD is updated in real time.
XDAI (XDAI) Price History (USD)
What is XDAI (XDAI)?
When is the right time to buy XDAI? Should I buy or sell XDAI now?
Before deciding whether to buy or sell XDAI, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s XDAI technical analysis can provide you with trading references.
Future price trend of XDAI
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for XDAI.
How much will XDAI be worth tomorrow, next week, or next month in ? What about your XDAI assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! XDAI Price Prediction
How to buy XDAI (XDAI)
Convert XDAI to local currency
XDAI Resources
To learn more about XDAI, consider exploring other resources such as the whitepaper, official website, and other published information:
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XDAI (XDAI) FAQ
What is XDAI?
XDAI is a stablecoin operating on the Gnosis Chain, pegged 1:1 to the US Dollar. It is derived from the DAI stablecoin on the Ethereum blockchain. XDAI serves as the native currency on the Gnosis Chain, primarily used for transaction fees and executing smart contracts, ensuring predictable and low-cost transactions within the ecosystem.
What is Gnosis Chain?
Gnosis Chain is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain that uses a Proof-of-Stake (PoS) consensus mechanism. Launched in October 2018 as the world's first stable dollar blockchain, it provides a platform for fast, low-cost transactions with fixed fees. It functions as a sidechain or Layer 2 solution for Ethereum, addressing scalability. It employs a dual-token model: XDAI for transaction payments and gas fees, and GNO for securing the consensus layer.
How does XDAI work?
XDAI operates on the Gnosis Chain, functioning as an Ethereum sidechain. Users typically obtain XDAI by transferring DAI from the Ethereum mainnet to the Gnosis Chain via a bridge. This process involves locking DAI on Ethereum, after which an equivalent amount of XDAI is minted on the Gnosis Chain and sent to the user. This mechanism ensures XDAI's stability, supporting extremely low and predictable transaction fees and fast processing times.
Are XDAI and DAI the same?
No, XDAI and DAI are distinct, though both are stablecoins pegged to the US Dollar. XDAI is a derivative of DAI, operating on the Gnosis Chain as its native gas token. DAI is a decentralized stablecoin residing on the Ethereum mainnet. XDAI is specifically created by bridging DAI from Ethereum to the Gnosis Chain, making it the transactional currency of the Gnosis Chain ecosystem.
How can I get XDAI?
You cannot directly purchase XDAI like some other cryptocurrencies. The primary method is to bridge DAI from the Ethereum mainnet to the Gnosis Chain using the Gnosis Bridge. Some platforms and gateways may also allow acquiring XDAI by converting other cryptocurrencies or fiat. Additionally, new users can utilize Gnosis mainnet faucets to cover initial transaction fees, facilitating their entry into the ecosystem.
What are the benefits of using XDAI and Gnosis Chain?
The Gnosis Chain and XDAI offer several key advantages. These include significantly low and predictable transaction fees, making it cost-efficient for decentralized applications and users. Transactions are processed rapidly, often within five seconds, enhancing user experience. XDAI's stable peg to the US Dollar provides price stability. The chain's EVM compatibility allows easy migration of dApps from Ethereum, and it effectively scales Ethereum by offloading transactions.
