DAI on PulseChain (DAI): What It Is, Uses and Risks

DAI on PulseChain is a token listed under the ticker DAI on the PulseChain network. Its project description calls it "$pDAI" and presents it as a stablecoin, a token meant to track the US dollar. Its category tags are PulseChain Ecosystem, Bridged DAI, Bridged-Tokens and Bridged Stablecoin. Those tags show it is a version of the DAI stablecoin that originated on Ethereum and now exists on PulseChain.

The market data does not look like a dollar peg, though. At the time of writing, the token traded at about $0.00115, far below $1. A token that holds its peg should sit near one dollar. This suggests the listing may be for a PulseChain-side copy or variant that does not hold the dollar value, rather than a dollar-pegged token. the public information available do not settle which version this is, so check the contract address before treating it as a stable asset.

The project description also makes legal and decentralization claims, including about its domicile and about being "unconfiscatable." These are the project's own statements, and this page has not verified them.

The only stated purpose in public sources are to serve as a stablecoin on PulseChain. The description stresses user sovereignty, censorship resistance and ownership without third-party control. It does not list specific uses such as lending, payments or collateral, so this page will not guess at them.

In general, a dollar-pegged token on a smaller chain would be used for trading pairs, as a unit of account in decentralized exchanges, and for moving value between wallets. Whether this particular token plays any of those roles in practice depends on liquidity and on which contract is being used.

Because the token trades far below one dollar, it should not be assumed to work as a reliable store of dollar value. Anyone looking for a dollar-pegged asset should check which contract and which bridge issued the token before relying on it. Daily trading volume was also small, at about $133,000, which limits how easily larger amounts could be exchanged.

As of 2026-11-05, the data shows a circulating and total supply of about 44.36 billion tokens, with no stated maximum supply. Circulating and total supply are identical, so there is no locked or unreleased portion in the figures. Market capitalization and fully diluted value both come to about $51.1M, and the token ranked around 434 by market cap.

Price context, all approximate: the token fell about 3.6% over seven days and about 44.7% over one year. Its all-time high was about $0.0337 on 2024-11-28, and its recorded all-time low was around $0.0000000000001 on 2024-06-11. Such an extreme low points to very thin early trading or data artifacts rather than a normal price range.

The data gives no tokenomics beyond supply: no emissions schedule, burn mechanism, fee structure or governance rights are listed. The unusually large token count, with a price in fractions of a cent, is another sign that this is not a standard dollar-pegged token. Treat these figures as a snapshot, since they change constantly.

This token lives on PulseChain, an Ethereum-compatible network. Public sources list no chains where it is the native token and no other chains where it is issued, so PulseChain is the only network confirmed here. Its "bridged" tags suggest it came across from another chain, most likely Ethereum, through a bridge.

Because PulseChain is compatible with Ethereum tooling, the token is held in wallets that support custom networks and custom tokens. You typically add the PulseChain network manually, then add the token by its contract address. The same token name can map to several different contracts, so confirming the address matters more than relying on the ticker.

Trading takes place mainly on decentralized exchanges on PulseChain, where the token is swapped against other tokens in liquidity pools. Daily volume was modest, about $133,000 at the time of writing, so spreads and price impact on larger trades could be noticeable. Centralized exchange availability is not covered by the data, and this page does not claim any.

Public sources give no launch date for this token. What is publicly known is that PulseChain went live in 2023 as a fork of Ethereum, and that balances held on Ethereum at the time were mirrored onto the new chain. That is why several PulseChain tokens share names with well-known Ethereum assets, and why some are copies while others are tokens bridged afterward.

From the data, the price history is dramatic. The token recorded an extremely low price on 2024-06-11 and an all-time high of about $0.0337 on 2024-11-28. Over the last year it has lost close to 45% of its value, per the figures as of 2026-11-05.

No specific audits, partnerships or incidents are listed, and none are claimed here. The project's description mentions a legal precedent regarding its domicile. This page cannot confirm that, so treat it as a claim made by the project and read any underlying sources yourself.

The largest risk is confusion about what the token is. A stablecoin label combined with a price far below one dollar suggests this may not be a dollar-pegged token, and buying it expecting a stable value could lead to losses. Check the contract address against a trusted source before any purchase.

Other risks include:

• Bridge risk: bridged tokens depend on the bridge operators and their smart contracts. A failure could affect the token's backing.
• Liquidity risk: with small daily volume relative to market cap, larger trades can move the price and exits may be difficult.
• Price volatility: the token has fallen sharply over the past year, and the history shows extreme swings.
• Unverified claims: statements about legal status, being unconfiscatable and validator numbers come from the project and are not independently confirmed here.
• Lookalike tokens: similar names and tickers on the same chain can lead to swaps into the wrong contract.

This page is general information, not financial advice, and it makes no prediction about future prices.

Because this is an Ethereum-style token on PulseChain, it can be held in self-custody wallets that support custom networks. A hardware wallet paired with a compatible software wallet is the usual choice for larger amounts. Keep your recovery phrase offline, written down on paper or metal, and never type it into a website or share it with anyone, including anyone claiming to offer support.

When adding the token, copy the contract address from a source you trust and compare it carefully, since fake tokens often copy names and logos. Test a small transfer before moving a larger amount, especially across a bridge.

Be cautious with token approvals. When you swap on a decentralized exchange, you often grant a contract permission to spend your tokens. Review and revoke approvals you no longer need. Keep a small amount of the network's native coin for transaction fees, and consider using a separate wallet for experimental or low-liquidity tokens so your main holdings stay isolated.