About BiFi
Trading Insights
Searched
1
Market Stats
Market Cap
£960.97K
2.94%
FDV
£1.51M
Circ. Supply
475M BIFI
Max Supply
1B BIFI
Total Supply
1B BIFI
Total Value Locked
£9.67M
Diluted Valuation
£1.54M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£60.37K
2.26%
Volume (7D)
£536.50K
Volume (30D)
£1.80M
All time high
£235.29
Price Change (1Y)
-2.54%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of BiFi has increased by 1.19% in the last hour and increased by 3.54% in the past 24 hours. BiFi’s price has also risen by 6.97% in the past week. The current price is £0.0015 per BIFI with a 24-hour trading volume of £60.37K. Currently, BiFi is valued at 100.00% below its all time high of £235.29. This all-time high was the highest price paid for BiFi since its launch.
The current circulating supply of BiFi is 474,731,567.821 BIFI which means that BiFi has as total market cap of £960,965.26.
Market details
BIFI vs markets
↘ 39.62%
BIFI vs BTC
↘ 47.38%
BIFI vs ETH
↘ 0.56%
Tags
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x2791BfD60D232150Bff86b39B7146c0eaAA2BA81 | |
Fantom | 0xAD260f380C9a30B1d60e4548A75010ede630B665 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0015 | ↗ 3.54% |
1 Day | £0.0015 | ↗ 3.54% |
1 Week | £0.0014 | ↗ 6.97% |
1 Month | £0.0017 | ↘ 9.24% |
1 Year | £0.0016 | ↘ 2.54% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
According to the whitepaper, BiFi (Bifrost Finance) is a DeFi platform built on Bifrost. Bifrost is a universal multichain middleware. This means it aims to bridge the gap between different blockchain networks. The platform seeks to provide lending and a trading platform. The platform attempts to create a decentralized financial infrastructure that connects all the markets. Further, the infrastructure aims to create new opportunities. The platform also claims to include an integrated development environment, operational tools, and security software.
According to the website, all the current decentralized finance services are limited to the Ethereum ecosystem. So, if a user seeks to trade in a digital asset that is not available on the Ethereum network, such a user can only do so by trading it through centralized finance. Such centralized finance comes with its liabilities and limits. Thus, BiFi came into the picture as it aims to support digital assets from different blockchain networks.
The primary function that the BiFi protocol provides is lending. The platform’s lending protocol aims to provide transparent yield rates and a smooth lending process for easy understanding of the user. The platform also offers a staking protocol. The users can stake their digital assets and earn staking rewards over time.
Bifrost Finance has its native cryptocurrency named as BiFi token. BIFI denotes the ticker name. The users who contribute and participate in the growth and maintenance of the platform are rewarded with the BIFI tokens. The BIFI token can be further traded on the platform for paying fees for decentralized finance products and services. Thus, the token serves as a governance token. This enables a holder of the BIFI token to have a vote share choosing the future of the platform.
The Bifrost Finance platform was launched in 2018. The platform’s whitepaper was released in December 2020. The founding team includes Dohyun Pak as the CEO, Jonghyup Lee as the CTO, and Changhyun Yoo as the COO. Along with them, Soso is the CMO of the platform.
We update our BiFi to GBP currency in real-time. Get the live price of BiFi on Coinbase.
The current market cap of BiFi is £960.97K. A high market cap implies that the asset is highly valued by the market.
The all-time high of BiFi is £235.29. This all-time high is highest price paid for BiFi since it was launched.
Over the last 24 hours, the trading volume of BiFi is £60.37K.
Assets that have a similar market cap to BiFi include Tap, Commune AI, WeSendit, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BiFi is 475 million.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.