About Efinity Token
Efinity is an blockchain for non-fungible tokens (NFTs) developed by Enjin. Enjin pioneered the NFT industry in 2017, authoring ERC-1155, the groundbreaking NFT token standard, and launching the first NFT creation platform. Efinity is the world’s cross-chain NFT blockchain. Powered by the deflationary Efinity Token (EFI), the network is environmentally friendly, scalable, and built for games, apps, enterprises, and creators to deliver their own non-fungible tokens to mainstream audiences. Built on Polkadot in partnership with Parity Technologies and the Web3 Foundation, Efinity is a new blockchain that's purpose-built for NFTs. It's a token highway designed to enable a specific kind of future—where NFTs are as widespread and easy to use as smartphones today. Featuring transaction fee delegation, smart contracts, fuel tanks, crafting, discrete accounts, instant swaps, native multisig, price discovery, cross-chain marketplaces, and a NFT launchpad. Efinity’s transactions are confirmed in 6 seconds and scale to 1000 TPS; in comparison, the Ethereum network currently runs at around 15 TPS. Efinity will enable NFTs to be utilized by virtually any industry, unlocking trillions of dollars in currently illiquid and unique real-world and digital assets. Efinity is developed as a parachain on Polkadot, the next-generation, fully decentralized network that is solving the largest issues facing blockchains today, including interoperability, scalability, speed, security, privacy, developability and governance. Efinity Token (EFI), Efinity’s deflationary token is designed for transaction fees, liquidity, and rewards. Featuring community governance for EFI holders to submit and vote on proposals to steer the future of the network. Efinity’s network fees, marketplace commissions, cross-chain bridging tolls, and smart contract fees will go towards yield that can be earned by staking and infusing Enjin Coin (ENJ) and participating in trading and discovering NFTs. ENJ is a critical part of the solution, allowing any user to nominate the most efficient collator nodes that run the Efinity blockchain. Additionally, EFI will be a core utility of NFT.io, a next generation multi-chain NFT launchpad and marketplace. Earned EFI will be required to farm exclusive NFTs and participate in the NFT.io ecosystem
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Trading Insights
Searched
1
Market Stats
Market Cap
$9.26M
-0.73%
FDV
$213.18M
Circ. Supply
87M EFI
Max Supply
2B EFI
Total Supply
2B EFI
Diluted Valuation
$891.59M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$15.17K
-71.57%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$3.10
Price Change (1Y)
4.77%
Additional info about Efinity Token
Recent trends
The latest EFI price is $0.11. Compared to Efinity Token's value of $0.11 from 24 hours ago, there's been a 0% increase, while the current price is 0% up from $0.11 which was recorded one week ago. Efinity Token's all time high is $3.10, which was reached on August 4, 2021. This is a -97% change from its price today.
The current circulating supply of Efinity Token is 86,915,139. This is 4% of its max supply of 2,000,000,000 EFI and 4% of its total supply of 2,000,000,000. The market cap is currently $9.26M, which is a result of multiplying the current price of Efinity Token($0.11) by the total supply(2,000,000,000 EFI). The fully diluted valuation of Efinity Token is $213.18M. The diluted valuation of Efinity Token is $213.18M.
Market details
EFI vs markets
↘ 20.58%
EFI vs BTC
↘ 31.74%
EFI vs ETH
↗ 58.98%
Tags
collectibles-nfts
gaming
metaverse
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x656C00e1BcD96f256F224AD9112FF426Ef053733 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.11 | ↗ 0.01% |
1 Day | $0.11 | ↗ 0.01% |
1 Week | $0.11 | ↗ 0.02% |
1 Month | $0.11 | ↘ 0.01% |
1 Year | $0.10 | ↗ 4.77% |
FAQ
Efinity is a blockchain built on the Polkadot network. According to the whitepaper, the developers of Efinity believe that a modern and developer-oriented (https://www.coinbase.com/learn/crypto-basics/what-are-nfts#:~:text=NFTs%20(or%20%E2%80%9Cnon%2Dfungible,worth%20exactly%20the%20same%20amount.&text=Each%20Beeple%20piece%20is%20paired,version%20is%20the%20real%20one.) experience is necessary for today’s digital space. Efinity aims to create a better infrastructure for its blockchain to address the issue of developer experience. Efinity proposes to create a network that would facilitate and host all NFTs.
The current blockchain network is fragmented by different competitors who strive to emerge dominant in the industry. The competition causes hindrance for the Metaverse to continue to grow. The Metaverse is a digital ecosystem that is created using virtual reality.
Consequently, Efinity seeks to become a hub for all NFTs and not be limited to a general blockchain. NFTs and other forms of token creation and transfers are the priority of the platform. On the other hand, transaction fees are kept in the background of the platform activities. By shifting the focus from transaction fees, users are offered a better experience without understanding the network mechanics. Efinity strives for more transactions to be completed by ensuring a better experience for the users.
Efinity Token (EFI) is the utility token that would propel the services and functions of the Efinity platform. Holders of EFI can participate in voting procedures regarding the governance of the platform. Furthermore, participating in community activity also incentivizes the user with token rewards. Efinity also aims to create an interactive community.
The various services and functions of Efinity would be priced as per their unique requirements. Users of the Efinity platform can also exchange EFI for any token or NFT that is bridged with Efinity. Efinity creates an ecosystem where external parties would also be encouraged to develop on the Efinity platform.
Moreover, Efinity would attempt to reduce friction while converting the tokens on the platform using the Para Swap application. Efinity seeks to create a space that uses Smart Contracts to ensure the platform's functionality generates utility.
The whitepaper of Efinity was released in 2021. Efinity was co-founded by Maxim Blagov and Witek Radomski, Oscar Franklin Tan, and Caleb Applegate. The total supply of EFI tokens is to be limited to two billion.
We update our Efinity Token to USD currency in real-time. Get the live price of Efinity Token on Coinbase.
The current market cap of Efinity Token is $9.26M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Efinity Token is $3.10. This all-time high is highest price paid for Efinity Token since it was launched.
Over the last 24 hours, the trading volume of Efinity Token is $15.17K.
Assets that have a similar market cap to Efinity Token include Manchester City Fan Token, Dvision Network, aixCB by Virtuals (Wormhole), and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Efinity Token is 87 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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