About Centrifuge
The CFG token is the governance and utility token for the Centrifuge protocol, which bridges real-world assets (RWAs) like invoices and real estate with DeFi, enabling businesses to access liquidity and investors to earn stable yields. CFG is the migrated version of WCFG.
Trading Insights
Searched
1.8K
Market Stats
Market Cap
£136.28M
33.38%
FDV
£163.95M
Circ. Supply
565M CFG
Max Supply
Not enough data
Total Supply
680M CFG
Total Value Locked
£856.88M
Diluted Valuation
£169.68M
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
£10.43M
90.35%
Volume (7D)
£56.98M
Volume (30D)
£135.68M
All time high
£1.93
Price Change (1Y)
-19.64%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Centrifuge has decreased by 4.07% in the last hour and increased by 26.03% in the past 24 hours. Centrifuge’s price has also risen by 12.82% in the past week. The current price is £0.24 per CFG with a 24-hour trading volume of £10.43M. Currently, Centrifuge is valued at 87.69% below its all time high of £1.93. This all-time high was the highest price paid for Centrifuge since its launch.
The current circulating supply of Centrifuge is 565,271,856 CFG which means that Centrifuge has as total market cap of £136,284,954.58.
Market details
CFG vs markets
↘ 52.11%
CFG vs BTC
↘ 51.78%
CFG vs ETH
↘ 46.17%
Tags
real-world-assets-protocols
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xcccCCCcCCC33D538DBC2EE4fEab0a7A1FF4e8A94 | |
Moonbeam | 0xFFfFfFff44bD9D2FFEE20B25D1Cf9E78Edb6Eae3 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.24 | ↗ 26.03% |
1 Day | £0.19 | ↗ 26.03% |
1 Week | £0.21 | ↗ 12.82% |
1 Month | £0.27 | ↘ 11.46% |
1 Year | £0.30 | ↘ 19.64% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Centrifuge is a network that seeks to enable users to gain fast and cheap capital for small businesses and a stable yield for investors. The network aims to connect real-world assets like invoices, royalties, and real estate to DeFi (decentralized finance) to lower the cost of funding for Small Business Enterprises and provide DeFi investors a stable source of income that is uncorrelated with fluctuating crypto assets.
As mentioned on the website of Centrifuge, only the large businesses get direct access to liquid capital markets. DeFi seeks to eliminate any sort of barrier for entrance to liquid capital markets. Centrifuge wants to provide this benefit to all borrowers who previously did not have access to DeFi liquidity. The efficiency or convenience with which an asset or security may be converted into immediate currency without influencing its market price is referred to as liquidity.
The Centrifuge chain is a proof-of-stakeblockchain built on Substrate, which helps users to bring their assets on-chain as non-fungible tokens (NFTs). The Substrate is a blockchain framework that enables creating a customized blockchain for any use case.
CFG is the native token of Centrifuge. The token aims to be utilized for standard network functions like transaction fees and chain security. Besides, CFG also aims to be utilized for on-chain governance. Users participate in the Centrifuge network through Centrifuge (CFG) token rewards.
Through the CFG tokens, the token holders seek to receive a stake in the Centrifuge network. This enables the CFG token holders to utilize the token to pay transaction fees and participate in the on-chain governance. A portion of the transaction fees is burned as per the rate set by the on-chain governance. Coin burning is the mechanism of removing tokens in supply to reduce the number of tokens in circulation.
The Centrifuge network was founded in 2017. Centrifuge is cofounded by Lucas Vogelsang and Markus Ament. Both also serve as CEO of Centrifuge. Ament is a serial FinTech entrepreneur who has led many startups. The maximum total supply of CFG tokens is 425,000,000.
We update our Centrifuge to GBP currency in real-time. Get the live price of Centrifuge on Coinbase.
The current market cap of Centrifuge is £136.28M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Centrifuge is £1.93. 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 £10.43M.
Assets that have a similar market cap to Centrifuge include VVS Finance, Ravencoin, Blur, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Centrifuge is 565 million.
Centrifuge news
Trending articles
Social stats
Popularity in posts
#773
Contributors
257
Posts
597
% About Centrifuge
0.058%
Hold times
0 days
X (Twitter)
44.93% bullish
Sentiment
3.4 ★
Highlights
257 unique individuals are talking about Centrifuge and it is ranked #773 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Centrifuge has an average sentiment score of 68 out of 5. Finally, Centrifuge is becoming less newsworthy, with 0 news articles published about Centrifuge.
On Twitter, people are mostly bullish about Centrifuge. There were 51.81% of tweets with bullish sentiment compared to 15.32% of tweets with a bearish sentiment about Centrifuge. 48.19% of tweets were neutral about Centrifuge. These sentiments are based on 595 tweets.
On Reddit, Centrifuge was mentioned in 1 Reddit posts and there were 1 comments about Centrifuge. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.
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