Sai (SAI): What It Is, Uses and Risks

The data supplied for this page is inconsistent. The project description describes Dai, an Ethereum ERC-20 stablecoin designed to stay at $1 through smart contracts. The token is listed under the name Sai, and the name matches the original single-collateral version of Dai on MakerDAO, which the data gives a launch date of 2017-12-18. That version was replaced in 2019 by the multi-collateral Dai token, which uses the DAI ticker. The listed price of about $12.70 and an all-time high near $25.84 do not fit a token pegged to $1, so the page cannot confirm which asset the SAI ticker refers to. Public reporting points to unrelated projects that also use SAI, including Sharpe AI, Sairium, StarAI and a Solana-based Santa AI coin, and none of them clearly matches this listing. Readers should treat the identity of this token as unresolved until it is checked against the official contract address.

According to the project description, the design is meant for a stablecoin. Holders can use it as a dollar-like unit on Ethereum, send it between wallets and trade it without a central intermediary. The description says it is created by borrowing against Ethereum collateral through the MakerDAO system, where users lock assets and mint tokens against them. Incentives are meant to push the price back toward $1 when it drifts. Public sources do not state any separate utility, such as governance rights or staking, for this specific listing. One search snippet mentions staking and governance for a project called Sairium, but nothing in the data connects that project to this token, so those functions should not be assumed here.

As of 2026-11-05, the data lists a price of about $12.70, a market capitalisation of about $33.7 million and a market cap rank of 610. Trading volume over 24 hours was only about $7, which signals very thin trading and makes any quoted price unreliable. Circulating supply and total supply are both about 2.65 million tokens, and the stated maximum is about 2.67 million. Over seven days the price rose about 4.9 percent, and over one year it fell about 27.6 percent. The all-time high was about $25.84 on 2025-08-24, and the all-time low was about $0.93 on 2020-05-09. These figures describe a volatile asset, not a stable one, which conflicts with the stablecoin description. Prices and market data change constantly, so these values are a snapshot only.

The data lists Ethereum as the chain where the token is issued. It is not listed as the native token of any blockchain, which is consistent with an ERC-20 token that runs on top of Ethereum rather than on its own network. The data gives no consensus or hashing method, which is expected for a token rather than a base chain. Ethereum-based tokens with similar names are common, and scam copies are frequent, so the contract address is the most important identifier. Readers should confirm the address on the official project channels and a block explorer before interacting with any contract, and should be cautious of listings that show a different address or chain for the same ticker.

The main risk is identity. The description of a $1 stablecoin and the trading data for a volatile asset cannot both describe the same token, so holding or trading it without checking the contract could lead to a loss. Trading volume of about $7 in 24 hours means large orders could move the price sharply and exits may be hard. Stablecoin designs depend on collateral and on incentives working as intended, which carries its own failure risks. Name confusion with other SAI tokens also raises the chance of buying the wrong asset. If you hold any tokens of this type, store them in a self-custody wallet, never share your seed phrase, be wary of unsolicited offers and verify every contract address before approving transactions. This page does not give buy or sell advice.