About DeFinity
DeFinity is a decentralised DeFi exchange, specialised to trade traditional and digital FX via smart contracts, with a focus to provide real-time settlement and clearing for spot FX trading. Bridging the power of decentralisation with a traditional broker and liquidity provider community, it is specifically tailored and geared towards the future support of CBDC’s (central bank digital currencies) and decentralised financial services for FX.
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Trading Insights
Searched
8
Market Stats
Market Cap
₹372.48M
3.24%
FDV
₹417.35M
Circ. Supply
153M DEFX
Max Supply
172M DEFX
Total Supply
172M DEFX
Diluted Valuation
₹439.18M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹1.16M
467.8%
Volume (7D)
₹141.11K
Volume (30D)
₹740.62K
All time high
₹155.52
Price Change (1Y)
-43.3%
Additional details
Recent trends
The latest DEFX price is ₹2.49. Compared to DeFinity's value of ₹2.52 from 24 hours ago, there's been a -1% decrease, while the current price is -7% down from ₹2.66 which was recorded one week ago. DeFinity's all time high is ₹155.52, which was reached on October 13, 2024. This is a -98% change from its price today.
The current circulating supply of DeFinity is 153,079,549. This is 89% of its max supply of 171,516,755 DEFX and 89% of its total supply of 171,516,755. The market cap is currently ₹372.48M, which is a result of multiplying the current price of DeFinity(₹2.49) by the total supply(171,516,755 DEFX). The fully diluted valuation of DeFinity is ₹417.35M. The diluted valuation of DeFinity is ₹417.35M.
Market details
DEFX vs markets
↘ 59.52%
DEFX vs BTC
↘ 64.85%
DEFX vs ETH
↘ 21.15%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x5F474906637bdCDA05f29C74653F6962bb0f8eDa | |
BNB Smart Chain | 0xbE4Cb2C354480042A39350A0c6c26bf54786539F |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹2.49 | ↘ 1.34% |
1 Day | ₹2.52 | ↘ 1.34% |
1 Week | ₹2.66 | ↘ 7.47% |
1 Month | ₹3.83 | ↘ 35.90% |
1 Year | ₹4.24 | ↘ 43.30% |
FAQ
In addition, the DeFinity platform aims to offer real-time agreements and clearing for FX spot trading. Spot trading refers to a transaction where instant payment and delivery of the underlying investment occurs. DeFinity also develops FIX adapters for processing transactional data from liquidity providers and liquidity takers. Basically, the team analyzes the data, performs risk validation, and sends status messages back to the transmitting parties. The purpose is to transfer the data to the DeFinity blockchain for additional processing, including forex rates, currencies, quantity, and parties involved.
According to its whitepaper, the native utility token of the DeFinity is ‘DEFX.’ The DEFX token has three primary use cases: protocol governance, staking and trading, and last, incentives to support the services. The token aims to make the exchange and protocols decentralized by allowing token holders to vote on significant events and decisions about the future of the exchange protocol. Staking and participation fees make the core of the decentralized exchange and protocol. Participants can select from a set of pools and stake their tokens to receive 0.25 percent of the network fees. Token holders can obtain additional rewards such as trading fee reductions and referral benefits for introducing new users.
The idea of DeFinity was built by experienced partners with the mission to create an efficient, decentralized, and cost-effective FX market. WeOwn and DMALINK are the two partners who came together to create DeFinity. Manu Choudhary is the CEO of the platform. The other team members include Michael Siwek (CRO), Sascha Ragtschaa (CTO), Ashwind Soonarane (COO). There is a professional team of advisors as well.
We update our DeFinity to INR currency in real-time. Get the live price of DeFinity on Coinbase.
The current market cap of DeFinity is ₹372.48M. A high market cap implies that the asset is highly valued by the market.
The all-time high of DeFinity is ₹155.52. This all-time high is highest price paid for DeFinity since it was launched.
Over the last 24 hours, the trading volume of DeFinity is ₹1.16M.
Assets that have a similar market cap to DeFinity include Polycat Finance, Vanity, Duet Protocol, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of DeFinity is 153 million.
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