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

DAI (Ethereum) vs WBTC (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-11-13 / 2026-11-13.

DAIB

$0.9984
Dai Stablecoin on Ethereum
Trade DAI
vs

WBTCC

$68.04K
Wrapped BTC on Ethereum
Trade WBTC

DAI vs WBTC — normalized performance, 2026-09-08 to 2026-11-13T12:15:58

100 — shared start
DAI −0.17%  ·  WBTC −12.6% — both series rebased to 100 at the first measured point in the shared window; not a raw-price chart.
DAIWBTC
Price$0.9984$68.04K
Market cap$4.50B$8.82B
24h volume$191.22M all venues$456.69M all venues
Liquidity$46.17M$188.50M
FDV$4.49B$8.82B
Holders710,510197,266
Age (days)1,5261,583
Safety gradeBC

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 →

WBTC

WBTC is the original wrapped Bitcoin — the ERC-20 that put BTC on Ethereum's DeFi rails in 2019, custodied by BitGo with a mint-and-burn pipeline run through KYC'd merchants. The deployment 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599 is the canonical mint, one of the oldest contract addresses in DeFi; our November 6, 2026 snapshot reads $188.5 million of tracked pool liquidity on this pair set — a slice of a float that spans every major venue.

The honest frame is unchanged since launch: holding WBTC means trusting BitGo's custody — the reserve is attested and the mint pipeline is transparent, but the claim is institutional, not cryptographic. Coinbase's cbBTC arrived as the regulated-competitor answer; the two trade the same BTC exposure with different custodians, and the depth split between them is the market's live verdict on whose custody it prefers.

FAQ

Which is bigger, DAI or WBTC?

By tracked market cap: DAI (Ethereum) measures $4.50B and WBTC (Ethereum) measures $8.82B — dated snapshots, not a live feed.

Which is safer, DAI or WBTC?

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

How have DAI and WBTC performed over the shared window?

Between 2026-09-08 and 2026-11-13T12:15:58, the measured snapshots show DAI at −0.17% and WBTC at −12.6%.

More comparisons

WSTETH vs DAIDAI vs ETHUSDM vs DAIDAI vs PUMPWBTC vs CBBTCWBTC vs USDSWBTC vs STETHWBTC vs PYUSD

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→2026-11-13T12:15:58; 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.