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DAI vs TBTC — price, size and safety, side by side

DAI (Ethereum) vs TBTC (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-27 / 2026-09-27.

DAIB

$1.00
Dai Stablecoin on Ethereum
Trade DAI
vs

TBTCB

$83.41K
tBTC v2 on Ethereum
Trade TBTC

DAI vs TBTC — normalized performance, 2026-09-08 to 2026-09-27T18:22:06

100 — shared start
DAI +0.35%  ·  TBTC +7.20% — both series rebased to 100 at the first measured point in the shared window; not a raw-price chart.
DAITBTC
Price$1.00$83.41K
Market cap$4.62B$348.57M
24h volume$2.79M$346.17K
Liquidity$73.15M$26.61M
FDV$4.62B$348.57M
Holders707,54825,225
Age (days)1,526871
Safety gradeBB

Where they differ

What the data says

DAI

DAI answered a question the other stablecoins on this site don't ask: can a dollar exist on-chain without a company behind it? Since 2019, the contract at 0x6b175474e89094c44da98b954eedeac495271d0f has held near a dollar not because anyone promises redemption at a bank, but because every DAI is minted against locked crypto collateral worth more than it, with interest rates and liquidations — governed by MakerDAO, now rebranded Sky — doing the work a treasurer would. No single company can freeze your DAI or pause the contract; that censorship-resistance is the property its holders are actually paying for.

The honest complications have grown over the years. A large share of DAI's backing has long included centralized stablecoins and real-world assets, which reimports a slice of the issuer risk the design was born to escape — the March 2023 weekend when USDC's depeg dragged DAI to roughly $0.89 alongside it made that dependency visible. And the 2024 rebrand to Sky, with its upgrade path to the newer USDS token, means DAI is now the legacy branch of its own ecosystem: still enormous, still redeemable through the same machinery, but no longer where its creators' roadmap points. Neither fact is a defect; both belong in the price of holding it.

Full DAI safety read →

TBTC

tBTC is Threshold Network's trust-minimized wrapped Bitcoin — the decentralized-custody answer to WBTC, where a rotating set of node operators secures the BTC rather than a single custodian. The deployment 0x18084fba666a33d37592fa2633fd49a74dd93a88 is the v2 mint; our September 27, 2026 snapshot reads $26.6 million of tracked pool liquidity.

The honest contrast is the whole point of the asset: tBTC trades BitGo's institutional custody for a threshold-signature committee — no single company can lose or freeze the coins, but the security model is cryptographic-economic (operator collateral) rather than legal, which is a different risk shape, not a strictly smaller one. Its depth vs WBTC's billions is the market's honest verdict on how much that trade matters to people.

Full TBTC safety read →

FAQ

Which is bigger, DAI or TBTC?

By tracked market cap: DAI (Ethereum) measures $4.62B and TBTC (Ethereum) measures $348.57M — dated snapshots, not a live feed.

Which is safer, DAI or TBTC?

On the contract checks we publish: DAI (Ethereum) grades B and TBTC (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.

How have DAI and TBTC performed over the shared window?

Between 2026-09-08 and 2026-09-27T18:22:06, the measured snapshots show DAI at +0.35% and TBTC at +7.20%.

More comparisons

DAI vs PYUSDDAI vs BTCBDAI vs CBBTCUSDC vs DAITBTC vs USD1TBTC vs GHOTBTC vs UNITBTC vs FRXUSD

The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-08→2026-09-27T18:22:06; a token with fewer measured points measures a shorter span inside it.

Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.