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DeFiChain DEX

DeFiChain DEX

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Launched Nov 29, 2020
Decentralized Exchange
Volume (24h)
$3,176,114
136 BTC 35.79%
Cryptocurrencies
34
Markets
33
DeFiChain DEX
Decentralized Exchange
Volume: $3,176,114 DeFiChain DEX

It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

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It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

Learn this metric

The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of coins/tokens available to be traded on this specific exchange.

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The total number of coins/tokens available to be traded on this specific exchange.

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It is a quantitative metric in percentage describing how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange, compared to the previous 24 hours.

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Exchange Volume in BTC

The current exchange Volume Dominance among all other exchanges in the market.

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Exchange Market Rank

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Current volume of DeFiChain DEX is $3,176,114

DeFiChain DEX Social Signals & Traffic Tracker
DeFiChain DEX twitter
Twitter Stats
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Followers

74.34K

0.01%

Joined at Apr 27, 2019

Following

322

1.90%

Tweet count

5,258

1.13%

DeFiChain DEX reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

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

DeFiChain DEX telegram
Telegram Stats
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Members

16.76K

1.30%

Title

DeFiChain - DeFi enabled with Bitcoin (official)

DeFiChain DEX traffic
Website Traffic
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Website Rating (DR)

31 / 100

0.00%

Ahrefs Rank

3,962,730

0.98%

Organic Traffic (mo.)

4,048

11.62%

DeFiChain DEX github
GitHub Organization

Public repos

-

Type

-

Currently, official DeFiChain DEX GitHub Organization account doesn’t exist or wasn’t submitted. 🔆

DeFiChain DEX github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official DeFiChain DEX GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Followers: 74,342

Members: 16,764

DeFiChain DEX Statistics

DeFiChain DEX Volume
$3,176,113.89
Volume in BTC
136 BTC
Volume Change 24h
-$1,136,731.16
35.79%
Cryptocurrencies
34
Markets
33
Market Dominance
0.00%
Market Rank
#196

DeFiChain DEX Exchange Overview

DeFiChain DEX is a Decentralized exchange that ranks #196 on BitDegree Exchange Tracker. DeFiChain DEX has a trading volume of $3,176,114 in the last 24 hours and $272,070,732 in the last 7 days.

DeFiChain DEX currently has 34 cryptocurrencies, 0 fiat currencies and 33 markets (cryptocurrency trading pairs). The most popular trading pair on DeFiChain DEX is BTC/DFI.

Compare DeFiChain DEX side-by-side with other exchanges here: Exchange Comparison Tool.

DeFiChain DEX is a crypto exchange built on DeFiChain, which is a blockchain based on the Bitcoin infrastructure. It aims to bring decentralized finance to an unprecedented level. It was launched in 2020 and it offers high transaction speed, low error rates, and enough features and benefits for creating a secure platform for financial services based on Bitcoin. Liquidity mining, staking, decentralized stocks, and decentralized loans are just some of the available services on DeFiChain.

The platform is open to everyone, and there are no KYC policies to follow. All you have to do to gain access to the platform is connect your wallet and you are good to go. It is, however, good to check your country’s laws and regulations around cryptocurrency trading and activities to be on the safe side.

Markets

There are over 32 DefiChain DEX trading pairs for its users to trade with. The major markets on the platform are DUSD and DFI. It also supports major cryptocurrencies like BTC, USDT, ETH, LTC, and so on. However, there is no DefiChain DEX spot trading in a traditional sense, and neither there is the option of margin or leveraged trading. Instead, DefiChain DEX features liquidity pools that allow users to trade tokens.

DeFiChain DEX necessitates liquidity providers to match orders with its liquidity pools. A unique yield farming system is in place to compensate users for supplying the protocol with liquid assets, which does not require any DefiChain DEX exchange fees when funds are withdrawn and interest is credited directly into wallets every half minute. It's a pioneering UTXO-based yield farming solution. Furthermore, the DefiChain DEX crypto price for swaps is dependent on the crypto assets the user wishes to swap.

The DFI token is a crucial part of the DeFiChain economy. It serves as a charge for transactions and governance, allowing users to submit chain enhancement suggestions. Additionally, it is used to mint new coins on the DeFiChain network and suggest community proposals. This currency can also be used as collateral in order to loan out other cryptocurrencies on the platform. People who mint blocks receive rewards in DFI too.

Another token of the platform is the Decentralized USD (DUSD). It's a stablecoin pegged to the USD. As mentioned before, all trading pairs of DefiChain DEX are made with its native tokens – DUSD and DFI.

If you want to see the current DefiChain DEX trade volume, make sure to check out the DefiChain DEX volume chart above.

Other Services

DefiChain DEX was designed with decentralized finance (DeFi) applications in mind. It provides comprehensive capabilities for this specific field that are simple, fast, and secure. These include lending, token wrapping, pricing oracles, transferable debts and receivables, non-collateralized debt type, asset tokenization, and dividend distribution.

Another way to make money on DefiChain is by staking DFI to secure the network. Besides that, with Cake DeFi, users can also stake DFI tokens to generate an annual percentage yield (APY) of up to 40%.

About the Company

The DeFiChain Foundation is responsible for the ownership of both the DFI trademarks and domains. They are tasked with building up the ecosystem, forming new partnerships, promoting associated products, and managing DFI funds.

Dr. Julian Hosp and U-Zyn Chua are two of the most important people for this venture. Dr. Hosp is an esteemed cryptocurrency specialist who has gained a great deal of attention around the world, and he is likely to be the CEO and co-founder of Cake DeFi. U-Zyn Chua, one of the co-founders of Cake DeFi and CTO of DeFiChain, is also a chief engineer at Zynesis and a blockchain advisor to the Singapore government.

The DeFiChain DEX crypto exchange smart contract program code is seen as a secure option due to the fact that it does not possess Turing completeness. Additionally, security is further reinforced through its link with Bitcoin, which allows for cryptographic screenshots of the current network state to be generated and stored on the BTC blockchain. In September 2020, SlowMist conducted an audit of DeFiChain contracts while KnownSec followed up in October and did not find any vulnerabilities. The ultimate layer of protection comes from its dual Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism which combines the advantages of both systems.

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