Live · updated 16 minutes ago
DOLA Price chart
Key stats
Performance
How the price moved over each period.
Supply
70.04M DOLA circulate. No maximum supply is set.
- Circulating
- 70.04M
- Total supply
- 113.06M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 3.14% of market cap. Normal turnover for its size.
$69.77M market cap, rank #305. Bigger is harder to push around.
62% of the total supply circulates. Little dilution ahead.
46.7% below its all-time high of $1.87.
Largest recent swing: 0.03% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is DOLA (DOLA)?
DOLA is a decentralised stablecoin that targets one US dollar. It is issued by Inverse Finance, a protocol that was founded in late 2020 by Nour Haridy and is now governed by the Inverse Finance DAO. Unlike stablecoins backed by bank deposits or Treasury bills, DOLA is created when users borrow against crypto collateral, and its docs describe it as a debt-backed stablecoin.
How DOLA works
The main source of new DOLA is FiRM, Inverse's fixed-rate lending market. Borrowers deposit approved collateral, buy DOLA Borrowing Rights (DBR) to pay their interest in advance, and then borrow DOLA at a cost they know upfront. One DBR lets you borrow one DOLA for one year.
- Peg Stability Module: allows conversion between USDS and DOLA at a one-to-one rate, with a supply cap and a small fee to exit.
- Feds: governance-controlled contracts that expand or contract DOLA supply in lending markets or liquidity pools to support the peg.
- sDOLA and jrDOLA: staked forms that earn yield from protocol revenue. jrDOLA takes first losses in exchange for higher yield.
DOLA supply and token design
DOLA has no fixed cap. Its supply follows borrowing demand on FiRM and the amounts minted through the PSM and the Feds, so it can rise and fall. Live circulating supply is shown in the market data on this page.
The token runs on Ethereum and several layer-2 and alternative chains. The Ethereum contract is 0x865377367054516e17014CcdEd1e7d814EDC9ce4, and bridged versions exist on networks such as Base, Arbitrum, Optimism and BNB Chain. Always confirm addresses on the official site.
Official information is on inverse.finance.
What to check before using DOLA
- The peg is soft. It relies on borrowing incentives, arbitrage and protocol-managed liquidity, so DOLA can trade away from one dollar.
- Collateral risk matters. A sharp fall in a supported asset can cause liquidations and, in extreme cases, bad debt for the protocol.
- The DAO has had to deal with bad debt before. A 2025 governance proposal minted INV tokens to eliminate it, which shows the governance token can absorb losses.
- Older products such as Frontier have been deprecated, and some collateral markets have been sunset, so check what is currently supported.
- Smart contract and governance risk applies, since the DAO can change parameters and collateral lists.
DOLA project profile
- Open source
- No
Token contracts
- Ethereum:
0x865377…dc9ce4 - Fantom:
0x3129662808bec728a27ab6… - Base:
0x4621b7…5c3191 - BNB Chain:
0x2f29bc…2e5840 - Arbitrum One:
0x6a7661…ee23b6 - Optimism:
0x8ae125…ce7384
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
DOLA market analysis
With a market capitalisation of $69.77 million, DOLA (DOLA) is classed as a micro-cap asset and ranks #355 of 1,339 cryptocurrencies with a reported market cap on CryptoWave, larger than about 73.5% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $2.19 million of DOLA changed hands, equal to 3.14% of its market cap, which puts its trading volume ahead of about 66.5% of tracked assets. That is a moderate, fairly typical level of turnover. Its turnover ratio is higher than that of about 43% of tracked assets.
Price action: DOLA moved −0.01% in 24 hours and −0.06% over 7 days. It outperformed Bitcoin by 1.92 percentage points over 24 hours and by 3.55 points over 7 days. Against the median tracked coin (ahead by 2.15 points on the day and ahead by 6.03 points on the week), it has been a relative strength in recent sessions.
To overtake Mina Protocol (MINA) just above it, DOLA would need to grow its market cap by about 0.6%; it is 0.5% larger than A7A5 (A7A5) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
DOLA FAQ
What is DOLA?
DOLA is a decentralised, over-collateralised dollar stablecoin from Inverse Finance. It is created when users borrow against crypto collateral on the FiRM lending market.
Who created DOLA?
Inverse Finance, which was founded in late 2020 by Nour Haridy and is now governed by the Inverse Finance DAO.
What backs DOLA?
DOLA is backed by crypto collateral deposited by borrowers, with extra support from a peg stability module and protocol-managed liquidity. It is not backed by bank deposits.
What is DOLA used for?
DOLA is used as a dollar-denominated asset in DeFi, for borrowing on FiRM, for trading pairs, and for staking in sDOLA to earn protocol revenue.
Price history
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