DAI on PulseChain

DAI on PulseChain, known by the ticker pDAI, is a bridged version of the DAI stablecoin that lives on the PulseChain network rather than on Ethereum. Stablecoins like DAI are designed to maintain a stable value relative to a reference currency — in this case the US dollar — making them useful for people who want to transact or store value in a blockchain environment without exposure to the price swings common in other digital assets. The project description positions pDAI as serving users who want a stablecoin they can hold with sovereignty and censorship resistance outside certain regulatory frameworks.

PulseChain is a proof-of-stake network, and tokens on it are secured by a validator set that the project description states is nearing 50,000 participants. pDAI arrived on PulseChain through a bridging process that moved or mirrored the original DAI token from another chain onto PulseChain, where it now exists as a bridged token. The token itself does not have its own consensus algorithm or block production role; it is simply a transferable asset denominated on PulseChain, and its block time reflects PulseChain's own infrastructure rather than any mechanism specific to pDAI.

The data provided for pDAI does not include any protocol fee stream — there is no revenue, fee collection, or yield mechanism recorded for this asset in this dataset. Because of that, the standard fee-based measures this site would normally display are not applicable here. The circulating supply stands at approximately 44.36 billion tokens at the point in time recorded, and fully diluted value equals market cap because the supply issued percentage is 100 and there is no recorded maximum supply cap creating an overhang.