Dai vs Spell Token — how do they compare? Dai trades at Rp17,251 (market cap Rp92,41T, Rp1,28T 24h volume), while Spell Token trades at Rp1.63 (market cap Rp314,83M, Rp240,79M 24h volume). The key difference: Dai is far larger — about 293523.5× Spell Token's market cap, and Dai's circulating supply is 5,4B DAI versus 195,2B SPELL for Spell Token. Which is the better fit depends on your goals — on Pluang, investors hold Dai for 29 Days and Spell Token for 43 Days on average.
| DAI | SPELL | |
|---|---|---|
Market Cap | Rp92,41T | Rp314,83M |
Volume (24h) | Rp1,28T | Rp240,79M |
Circulating Supply | 5,4B DAI | 195,2B SPELL |
Typical Hold Time | 29 Days | 43 Days |
What Pluang investors did over the last 30 days
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DAI is an Ethereum-based stablecoin managed by the Maker Protocol and MakerDAO. Its value is soft-pegged to the U.S. dollar and backed by various cryptocurrencies stored in smart contract vaults. DAI provides a decentralized way to hold a stable digital asset, with options like Multi-Collateral DAI for flexible backing and the DAI Savings Rate for earning interest.
Read more on DAI →Spell Token is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). SPELL token can be farmed by providing liquidity in one of the different pools. SPELL can also be staked, and staked tokens accrue a share of the platform fees (interest, borrowing fees, and 10% of the liquidation fee for certain markets), which auto-compound.
Read more on SPELL →