About Centrifuge
Centrifuge (CFG) is a cryptocurrency . Centrifuge has a current supply of 565,706,656 with 547,102,532 in circulation. The last known price of Centrifuge is 0.18022593 USD and is up 4.09 over the last 24 hours. It is currently trading on 41 active market(s) with $992,516.84 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
109
Market Stats
Market Cap
ARS 123.08B
FDV
ARS 127.27B
Circ. Supply
547M CFG
Max Supply
Not enough data
Total Supply
566M CFG
Total Value Locked
ARS 523.92B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
ARS 888.73M
-38.9%
Volume (7D)
ARS 8.02B
Volume (30D)
ARS 25.99B
All time high
ARS 3.06K
Price Change (1Y)
-67.57%
Additional info about Centrifuge
Recent trends
The latest CFG price is ARS 224.94. Compared to Centrifuge's value of ARS 215.59 from 24 hours ago, there's been a 2% increase, while the current price is 3% up from ARS 211.90 which was recorded one week ago. Centrifuge's all time high is ARS 3,059.71, which was reached on October 14, 2021. This is a -93% change from its price today.
The market cap is currently ARS 123.08B, which is a result of multiplying the current price of Centrifuge(ARS 224.94) by the total supply(565,819,687 CFG). The fully diluted valuation of Centrifuge is ARS 127.27B. The diluted valuation of Centrifuge is ARS 127.27B.
Market details
CFG vs markets
↘ 76.31%
CFG vs BTC
↘ 80.07%
CFG vs ETH
↘ 57.82%
Tags
substrate
polkadot
real-world-assets
Network & Addresses
Network | Address | |
|---|---|---|
Moonbeam | 0xFFfFfFff44bD9D2FFEE20B25D1Cf9E78Edb6Eae3 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 224.94 | ↗ 1.69% |
1 Day | ARS 215.59 | ↗ 1.69% |
1 Week | ARS 211.90 | ↗ 3.46% |
1 Month | ARS 182.85 | ↗ 20.94% |
1 Year | ARS 381.62 | ↘ 67.57% |
FAQ
Centrifuge (CFG) is a decentralized asset financing protocol that aims to bridge the gap between decentralized finance (DeFi) and real-world assets (RWA). It strives to lower the cost of capital for small and mid-size enterprises (SMEs) and provide participants with a stable source of compensation. Centrifuge's primary objective is to generate value that is not tied to volatile crypto assets, and it aims to transfer real monetary value from fiat to cryptocurrencies. Companies can use Centrifuge to access the liquidity that DeFi offers by tokenizing real assets and using these tokens as collateral to access financing through Tinlake, a decentralized application (DApp) lending protocol. The Centrifuge blockchain is built on Polkadot (DOT) for speed and low fees, while its financial DApp Tinlake is built to access Ethereum (ETH) liquidity.
Centrifuge operates by tokenizing real-world assets, converting them into non-fungible tokens (NFTs), and then funding them through Tinlake. Tinlake is the first DApp built on the Centrifuge chain, created to access liquidity on Ethereum, while CFG has its own bridge to Ethereum. Centrifuge integrates with other DeFi protocols, allowing users to get liquidity without slowdowns and protecting DeFi protocols from destabilizing events by adding uncorrelated collateral. This process aims to reduce cumulative risks and replace predatory lending and banks with smart contracts. Users compensate transaction aggregators on Polkadot with CFG tokens for processing and storing data.
Centrifuge has several potential use cases, primarily revolving around the tokenization of real-world assets and their integration into the DeFi ecosystem. Companies can tokenize their real assets and use these tokens as collateral to access financing through Tinlake, a decentralized application (DApp) lending protocol. This process aims to provide liquidity to everyone, and participants may receive compensation in the form of CFG tokens. Centrifuge aims to link assets such as invoices, real estate, and royalties with decentralized finance (DeFi). Additionally, borrowers can finance their real assets without the need for banks or other intermediaries.
Centrifuge was launched in 2017 by Lucas Vogelsang and Martin Quensel. Lucas Vogelsang, the founding engineer at Centrifuge and the company’s CEO, has a background in e-commerce startups and technical management. Martin Quensel, a co-founder at Centrifuge and its current COO, began his career as a software developer and architect. Centrifuge has had a significant total value locked (TVL) on the Polkadot ecosystem. The project also aims to be among the first to launch a parachain on Polkadot.
We update our Centrifuge to ARS currency in real-time. Get the live price of Centrifuge on Coinbase.
The current market cap of Centrifuge is ARS 123.08B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Centrifuge is ARS 3,059.71. This all-time high is highest price paid for Centrifuge since it was launched.
Over the last 24 hours, the trading volume of Centrifuge is ARS 888.73M.
Assets that have a similar market cap to Centrifuge include Echelon Prime, Metaplex, Staika, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Centrifuge is 547 million.
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