About BiFi
Market Stats
Market Cap
₹90.12M
-4.64%
FDV
₹188.95M
Circ. Supply
477M BIFI
Max Supply
1B BIFI
Total Supply
1B BIFI
Total Value Locked
₹805.96M
Diluted Valuation
₹188.45M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹8.94M
-23.12%
Volume (7D)
₹68.65M
Volume (30D)
₹353.88M
All time high
₹27.31K
Price Change (1Y)
3.65%
Additional details
Market details
BIFI vs markets
↘ 26.46%
BIFI vs BTC
↘ 37.25%
BIFI vs ETH
↗ 43.08%
Tags
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x2791BfD60D232150Bff86b39B7146c0eaAA2BA81 | |
Fantom | 0xAD260f380C9a30B1d60e4548A75010ede630B665 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹0.19 | ↘ 4.18% |
1 Day | ₹0.20 | ↘ 4.18% |
1 Week | ₹0.16 | ↗ 20.27% |
1 Month | ₹0.12 | ↗ 51.82% |
1 Year | ₹0.18 | ↗ 3.65% |
Coinbase insights
Recent trends
The latest BIFI price is ₹0.19. Compared to BiFi's value of ₹0.20 from 24 hours ago, there's been a -4% decrease, while the current price is 20% up from ₹0.16 which was recorded one week ago. BiFi's all time high is ₹27,310.66, which was reached on November 24, 2024. This is a -100% change from its price today.
The current circulating supply of BiFi is 476,975,938. This is 48% of its max supply of 1,000,000,000 BIFI and 48% of its total supply of 1,000,000,000. The market cap is currently ₹90.12M, which is a result of multiplying the current price of BiFi(₹0.19) by the total supply(1,000,000,000 BIFI). The fully diluted valuation of BiFi is ₹188.95M. The diluted valuation of BiFi is ₹188.95M.
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 INR currency in real-time. Get the live price of BiFi on Coinbase.
The current market cap of BiFi is ₹90.12M. A high market cap implies that the asset is highly valued by the market.
The all-time high of BiFi is ₹27,310.66. 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 ₹8.94M.
Assets that have a similar market cap to BiFi include Bitrock, Humaniq, MILLI, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BiFi is 477 million.
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Legal
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