About BiFi
Market Stats
Market Cap
$717,854.13
FDV
$1,475,090.32
Circulating Supply
486,650,967.744 BIFI
Max Supply
1,000,000,000 BIFI
Total Supply
1,000,000,000 BIFI
Total Value Locked
$8,592,793.39
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$80,710.74
0.01%
Volume (7D)
$593,529.68
Volume (30D)
$2,440,076.47
All time high
$315.15
Overall Price Change (1Y)
-0.71%
Additional info about BiFi
Networks and details
The price of BiFi has decreased by 0.01% in the last hour and increased by 0.32% in the past 24 hours. BiFi’s price has also risen by 2.92% in the past week. The current price is $0.0015 per BIFI with a 24-hour trading volume of $80.71K. Currently, BiFi is valued at 100.00% below its all time high of $315.15. This all-time high was the highest price paid for BiFi since its launch.
The current circulating supply of BiFi is 486,650,967.744 BIFI which means that BiFi has as total market cap of $717,854.13.
Price history
Today | $0.0015 | ↗ 0.32% |
1 Day | $0.0015 | ↗ 0.32% |
1 Week | $0.0014 | ↗ 2.92% |
1 Month | $0.0016 | ↘ 6.06% |
1 Year | $0.0051 | ↘ 70.84% |
Market details
Performance against other markets | ↘ 73.8% |
Performance against BTC | ↘ 76.37% |
Performance against ETH | ↘ 48.75% |
Performance in the past year | ↘ 70.84% |
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 USD currency in real-time. Get the live price of BiFi on Coinbase.
The current market cap of BiFi is $717.85K. A high market cap implies that the asset is highly valued by the market.
The all-time high of BiFi is $315.15. 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 $80.71K.
Assets that have a similar market cap to BiFi include Green Shiba Inu [New], Dfyn Network, Coldstack, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BiFi is 487 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.
Social stats
Popularity in posts
#1475
Contributors
97
Posts
602,417
% About BiFi
0.024%
Hold times
0 days
X (Twitter)
22.54% bullish
Sentiment
2.8 ★
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.
Highlights
97 unique individuals are talking about BiFi and it is ranked #1,475 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, BiFi has an average sentiment score of 2.8 out of 5. Finally, BiFi is becoming more newsworthy, with 0 news articles published about BiFi. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about BiFi. There were 22.54% of tweets with bullish sentiment compared to 1.41% of tweets with a bearish sentiment about BiFi. 76.06% of tweets were neutral about BiFi. These sentiments are based on 142 tweets.
On Reddit, BiFi was mentioned in 1 Reddit posts and there were 3 comments about BiFi. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.