Multi Collateral Dai vs Near Protocol: Key Differences (DAI vs NEAR)
Complete side-by-side comparison of Multi Collateral Dai and Near Protocol. Price, market cap, technology, and more.
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What is Multi Collateral Dai?
DAI is a decentralized stablecoin on the Ethereum blockchain, designed to maintain a value close to one US dollar through smart contracts and collateralized debt positions. It operates without a central authority, relying on automated mechanisms for stability.
What is Near Protocol?
NEAR Protocol uses sharding (Nightshade) to achieve high throughput while keeping the network decentralized. Human-readable account names and simple onboarding make it developer and user friendly. The team includes former Google and Facebook engineers.
Price Evolution
Percentage change from start of period
DAI+0.03%NEAR-29.38%Detailed Comparison
| Metric | DAI | NEAR |
|---|---|---|
| DAI NEAR | ||
| Price & Market | ||
| Price | $1 | $1.94 |
Price $1 $1.94 | ||
| Market Cap | $4.63B | $2.52B |
Market Cap $4.63B $2.52B | ||
| 24h Volume | $188.47M | $255.24M |
24h Volume $188.47M $255.24M | ||
| Volume/Cap Ratio | 4.07% | 10.12% |
Volume/Cap Ratio 4.07% 10.12% | ||
| Market Dominance | 0.00227995% | 0.00124247% |
Market Dominance 0.00227995% 0.00124247% | ||
| All-Time High | $1.22 | $20.44 |
All-Time High $1.22 $20.44 | ||
| ATH Date | Mar 13, 2020 | Jan 16, 2022 |
ATH Date Mar 13, 2020 Jan 16, 2022 | ||
| Performance | ||
| 24h Change | 0.01% | 2.67% |
24h Change 0.01% 2.67% | ||
| 7d Change | 0.00% | 13.48% |
7d Change 0.00% 13.48% | ||
| 30d Change | 0.03% | 29.38% |
30d Change 0.03% 29.38% | ||
| Supply | ||
| Circulating Supply | 4.63B | 1.30B |
Circulating Supply 4.63B 1.30B | ||
| Total Supply | 4.63B | 1.30B |
Total Supply 4.63B 1.30B | ||
| Max Supply | Unlimited | Unlimited |
Max Supply Unlimited Unlimited | ||
| Technology | ||
| Consensus | N/A | Nightshade (Sharded PoS) |
Consensus N/A Nightshade (Sharded PoS) | ||
| Block Time | N/A | 1 second |
Block Time N/A 1 second | ||
| TPS (Transactions/sec) | N/A | 100000 |
TPS (Transactions/sec) N/A 100000 | ||
| Launch Year | N/A | 2020 |
Launch Year N/A 2020 | ||
| Transaction Fees | ||
| Average Fee | $0.50-$20 | < $0.01 |
Average Fee $0.50-$20 < $0.01 | ||
| Fee Model | Ethereum gas fees (ERC-20) | Near sharding, low gas fees |
Fee Model Ethereum gas fees (ERC-20) Near sharding, low gas fees | ||
| General | ||
| Primary Use Case | N/A | Scalable dApps, AI, Developer platform |
Primary Use Case N/A Scalable dApps, AI, Developer platform | ||
| Founder | N/A | Illia Polosukhin, Alexander Skidanov |
Founder N/A Illia Polosukhin, Alexander Skidanov | ||
| Website | N/A | near.org |
Website N/A | ||
| Volatility & Risk | ||
| Drawdown from ATH | 18.0% | 90.5% |
Drawdown from ATH 18.0% 90.5% | ||
Why Multi Collateral Dai?- ✓DAI is a stablecoin pegged to the US dollar, reducing volatility risk.
- ✓It operates on a decentralized platform, enhancing transparency and security.
- ✓DAI supports DeFi applications, enabling lending and borrowing with stable value.
Why Near Protocol?- ✓Uses sharding (Nightshade) for high throughput and scalability
- ✓Developer-friendly with human-readable account names and easy onboarding
- ✓Founders have strong tech backgrounds from Google and Facebook
Multi Collateral Dai Risks
- ✗DAI's peg stability depends on collateral assets, which can fluctuate.
- ✗Smart contract vulnerabilities could pose risks to DAI holders.
- ✗Regulatory scrutiny on stablecoins may impact DAI's future use.
Near Protocol Risks
- ✗Relatively young network launched in 2020 with less proven longevity
- ✗Faces strong competition from other scalable smart contract platforms
- ✗Sharding complexity may pose security and maintenance challenges
The Verdict
Both Multi Collateral Dai and Near Protocol serve important roles in the crypto ecosystem. Many investors choose to hold both as part of a diversified crypto portfolio.
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