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DeFiChain logo

DeFiChain DFI

DeFiChain Price (DFI)
$0.0632
0.95% Buy DFI Now

0.0000166 ETH

0.000000934 BTC

Buy DFI Now
Low: $0.0613
High: $0.0649
24h
Market Cap
$51,668,010
0.95%
Fully Diluted Market Cap
$75,844,483
0.95%
Volume
24h
$967,016
24.74%
Volume / Market Cap
0.0187
Circulating Supply
817,483,473 DFI
68.12%
Max Supply
1,200,000,000
Total Supply
1,137,369,005

DeFiChain (DFI) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.10%

Joined at Apr 27, 2019

Following

422

0.48%

Tweet count

6,935

0.25%

DeFiChain reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official DeFiChain (DFI) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

DeFiChain telegram
Telegram Stats
Visit Telegram

Members

0.32%

Title

DeFiChain - DeFi enabled with Bitcoin (official)

DeFiChain traffic
Website Traffic
Visit Website

Website Rating (DR)

57 / 100

0.00%

Ahrefs Rank

380,440

0.54%

Organic Traffic (mo.)

2,269

8.91%

DeFiChain github
GitHub Organization
Visit GitHub

Public repos

Created at Nov 27, 2019

Type

Organization

DeFiChain github
GitHub Public Repository
Visit GitHub

Stars

0.25%

Watchers

37

0.00%

Forks

117

0.86%

Language

C++

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 73,552

Members: 12,708


Live DFI Price Analysis

The current real time DeFiChain price is $0.0632, and its trading volume is $967,016 in the last 24 hours. DFI price has plummeted by 0.95% in the last day, and increased by 5.66% in the last 7 days. It’s important to note that current DeFiChain market capitalization is $51,668,010, and the maximum supply is 1,200,000,000 DFI coins. Talking about circulating supply, DFI has 817,483,473 coins. Currently, DeFiChain rank on the market is #493.

DeFiChain price today is 98.87% below all time high, and it is 11.66% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling DFI are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is DeFiChain (DFI)?

DFI is the native coin of DeFiChain, which is a decentralized blockchain platform. DeFiChain is a soft fork of Bitcoin that is linked to the blockchain via the Merkle Tree technology (using a Merkle root every few blocks). The main goal of DeFiChain is to solve scalability, security, and decentralization issues of Bitcoin, in addition to bringing the potential of DeFi to the Bitcoin network. Although it forked from Bitcoin, the DeFiChain price does not directly depend on the BTC market position.

Overall, the DeFiChain network offers various financial operations that are typically provided by traditional banks. However, the benefit of DeFiChain, compared to banks, is that the network is decentralized. Thus, there's no one entity controlling the network, which means that the decision-making is in the hands of the DeFiChain community. The main features that DeFiChain offers include:

  • Lending and borrowing;
  • Non-collateralized debt;
  • Peer-to-peer trading;
  • Wrapped tokens;
  • Asset tokenization;
  • Dividend distribution;
  • Pricing oracles that collect data from other chains.

Additionally, the ​​transactions on the DeFiChain platform are quick, easy to complete, gas-efficient, and less prone to smart contract failures. This is the case because DeFiChain transactions are non-Turing complete.

If you're interested in the current DeFiChain price, check out the DFI price chart above.

The Story of DeFiChain

The DeFiChain crypto project was launched in 2017 by the DeFiChain Foundation. The DeFiChain mainnet was released on May 11, 2020 (the day when the Bitcoin halving took place). Upon launch, the DFI price was around $0.17.

The DeFiChain Foundation is in charge of expanding the ecosystem of DeFiChain, establishing new collaborations, and managing the DeFiChain coin supply.

Dr. Julian Hosp and U-Zyn Chua are two significant individuals who helped launch the initiative. U-Zyn Chua is the company's researcher and CTO. Chua serves as the chief engineer at Zynesis, as well as the Singaporean government's blockchain advisor. Besides that, he is the co-founder of Cake DeFi.

Dr. Julian Hosp is also a co-founder and CEO of Cake DeFi. Overall, he is a well-known and respected expert in the crypto sector.

The DeFiChain price passed the $1 threshold within six months of its launch. It has shown a tendency to follow the overall market trends, adjusting to the bullish and bearish value fluctuations that major cryptocurrencies like Bitcoin experience.

How Does DeFiChain Work?

The DeFiChain crypto project employs a hybrid consensus mechanism that combines the traditional Proof-of-Work (PoW) consensus mechanism with the innovative Proof-of-Stake (PoS) consensus mechanism.

However, DeFiChain focuses the majority of the consensus on PoS while leveraging the best features of PoW, such as using hashing of the staking node's ID for block constructions. Thus, masternodes (staking nodes) can operate on DeFiChain's PoW process without spending money on top-tier servers and high-speed bandwidth connections.

Overall, masternodes take part in block generation and live transaction validation. DFI stakers need to have at least 20,000 DFI to run a masternode.

Lastly, it's worth mentioning that DeFiChain makes use of Atomic Swaps. In essence, these are smart contracts designed to facilitate a decentralized exchange of crypto assets between blockchains without the need for a middleman.

Instead of calling this feature a DEX (decentralized exchange), DeFiChain calls it an ICX (interchain exchange). ICX is set up as a conventional exchange where users place bids in order to get assets, in contrast to DEX, which is an automated exchange feature.

The Purpose of DFI Coins

The main functions of DeFiChain coins include:

  • DFI can be used as a governance token, which means that the holders of DFI tokens are able to vote upon various decisions considering the further development of the system and the distribution of its funds;
  • DFI can be used as a payment method. This implies that any fees incurred during the execution of transactions, smart contracts, or other DeFi operations within the DeFiChain network can be paid for using DFI tokens;
  • DFI can be used as collateral. This means that every time users want to lend or borrow other crypto assets, they are able to do so by using DFI as collateral;
  • DFI can be used to provide liquidity for the decentralized exchange between crypto assets;
  • DFI can be used to create non-refundable personalized DCT (DeFi Custom Tokens).

If you're planning to purchase DeFiChain coins for governance or on-chain payments, note that the DFI price is subject to fluctuation. 

Tokenomics of DFI Coins

The maximum supply of DFI coins is 1.2 billion. As a token with limited supply, it's considered to be anti-inflationary. Therefore, with time, the DeFiChain price is likely to rise.

However, the distribution of DFI coins is somewhat different from most crypto assets since DeFiChain didn't hold any IEOs, ICOs, or sales rounds. Consequently, the distribution of DFI tokens has not been profitable to the foundation or the founders.

The total DFI supply is split into two parts (49% and 51%) that are dedicated to the initial supply and masternode holders accordingly. However, the initial supply is further divided into three parts: 26% of the tokens have been airdropped, 27% burned, and 47% destroyed. Besides, the tokens dedicated to masternode holders will only be released over time. If you're interested in the current DFI price and supply, you can find the relevant data above.

What's DeFiChain trading volume in the last 24 hours?

DFI has a trading volume of $967,016 in the last 24 hours.

What's DeFiChain highest price ever?

DFI has a highest price of $5.62, which was reached on Dec 06, 2021 (2 years 5 months ago).

What's DeFiChain lowest price ever?

DFI has a lowest price of $0.0566, which was reached on May 02, 2024 (3 weeks 1 day ago).

What are the best exchanges for buying and selling DFI?

Currently, the most active and dominating exchanges for buying and selling DeFiChain are Binance, Kraken & Kucoin. The most popular DeFiChain trading pairs are DFI/USDT (on Huobi Global ), ETH/DFI (on DeFiChain DEX ), USDT/DFI (on DeFiChain DEX ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping DFI?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping DeFiChain. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

DeFiChain project's Circulating Supply has been verified and is equal to:

Circulating Supply

817,483,473 DFI

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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