About TrueFi
TRU is an Ethereum token that powers TrueFi, a decentralized finance protocol for uncollateralized lending using on-chain credit scores. TRU can be used for staking (i.e. to approve or reject new loans) and governance on the TrueFi protocol.
Buy TrueFi
Trading Insights
Buyer Ratio
Traders
174
22.54%
Buyers
74
25.42%
Sellers
108
24.14%
Searched
198
Market Stats
Market Cap
£29.24M
-6.89%
FDV
£31.90M
Circ. Supply
1.3B TRU
Max Supply
1.5B TRU
Total Supply
1.3B TRU
Total Value Locked
£19.35K
Diluted Valuation
£29.58M
Performance
Popularity
#663
Dominance
0%
Volume (24H)
£6.22M
134.56%
Volume (7D)
£40.84M
Volume (30D)
£78.59M
All time high
£0.69
Price Change (1Y)
-68.62%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of TrueFi has increased by 0.34% in the last hour and decreased by 7.09% in the past 24 hours. TrueFi’s price has also fallen by 5.75% in the past week. The current price is £0.0219 per TRU with a 24-hour trading volume of £6.22M. Currently, TrueFi is valued at 96.84% below its all time high of £0.69. This all-time high was the highest price paid for TrueFi since its launch.
The current circulating supply of TrueFi is 1,329,345,686.346 TRU which means that TrueFi has as total market cap of £29,244,199.09.
Market details
TRU vs markets
↘ 82.62%
TRU vs BTC
↘ 82.59%
TRU vs ETH
↘ 81.18%
Tags
defi
yield-farming
lending-borowing
real-world-assets-protocols
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x4C19596f5aAfF459fA38B0f7eD92F11AE6543784 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0219 | ↘ 7.09% |
1 Day | £0.0236 | ↘ 7.09% |
1 Week | £0.0232 | ↘ 5.75% |
1 Month | £0.0236 | ↘ 6.79% |
1 Year | £0.0706 | ↘ 68.62% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
TrueFi is a unique protocol that seeks to establish interest-bearing pools with competitive APRs for liquidity providers. It's a system that aims to make credit programmable by bringing debt infrastructure on-chain. The native token of the TrueFi protocol is TrustTokens (TRU), which serves multiple functions within the ecosystem. TRU holders have the ability to rate credit for third parties, contributing to the creation of a permissionless credit system that operates purely through incentives. Essentially, TrueFi intends to construct a new credit system where TRU owners have part ownership.
TrueFi operates by utilizing its native token, TRU, in a variety of ways. TRU holders have the ability to rate credit for third parties, which contributes to the creation of a permissionless credit system. This system operates purely through incentives, with TRU holders having a say over who is a credible borrower in the prediction market. The protocol also rewards participants for maintaining competitive APRs. In this way, TrueFi seeks to create credit infrastructure within the crypto space.
TrueFi aims to serve borrowers and PMs across multiple verticals, including "real-world" use cases and crypto-focused institutions. By bringing debt infrastructure on-chain, it strives to make credit programmable. TRU, the native token of TrueFi, governs the protocol and is used to approve new managers and borrowers. This means that TRU holders have a role in shaping the protocol's direction and growth. The protocol also offers diverse opportunities for liquidity providers by creating interest-bearing pools with competitive APRs.
TrueFi is a protocol that was developed with the intention of creating a credit system within the cryptocurrency space. It uses its native token, TRU, to reward participants and give them a say in the protocol's governance. Over time, TrueFi has sought to maintain APRs for liquidity providers, and has aimed to serve a diverse range of borrowers and PMs across multiple verticals. The protocol allows users to track every dollar loaned to borrowers in real time.
We update our TrueFi to GBP currency in real-time. Get the live price of TrueFi on Coinbase.
The current market cap of TrueFi is £29.24M. A high market cap implies that the asset is highly valued by the market.
The all-time high of TrueFi is £0.69. This all-time high is highest price paid for TrueFi since it was launched.
Over the last 24 hours, the trading volume of TrueFi is £6.22M.
Assets that have a similar market cap to TrueFi include Travala.com, DRX Token, Forta, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of TrueFi is 1.3 billion.
TrueFi ranks 153 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 56% of Coinbase users are buying TrueFi. In other words, 56% of Coinbase customers have increased their net position in TrueFi over the past 24 hours through trading.
Yes, TrueFi is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy TrueFi guide.
TrueFi news
Trending articles
Social stats
Popularity in posts
#1857
Contributors
182
Posts
232
% About TrueFi
0.014%
Hold times
0 days
X (Twitter)
43.26% bullish
Sentiment
4.6 ★
Highlights
182 unique individuals are talking about TrueFi and it is ranked #1,857 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, TrueFi has an average sentiment score of 92 out of 5. Finally, TrueFi is becoming less newsworthy, with 0 news articles published about TrueFi.
On Twitter, people are mostly bullish about TrueFi. There were 51.4% of tweets with bullish sentiment compared to 18.81% of tweets with a bearish sentiment about TrueFi. 48.6% of tweets were neutral about TrueFi. These sentiments are based on 200 tweets.
On Reddit, TrueFi was mentioned in 3 Reddit posts and there were 0 comments about TrueFi. 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.
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.