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Deri Protocol

DERI

Price
$0.0217
11/30/2022, 8:54:24 PM
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Trade Deri Protocol on DEX

Deri Protocol can be traded on a decentralized exchange (DEX) using your Coinbase dapp wallet.

Market

Market stats

Market cap

$3.8M

Volume (24h)

$99,365.54

Circulating supply

174.6M DERI

All time high

$3.77

Price change (1h)

+0.17%

Price change (24h)

+1.46%

Price change (7d)

+10.24%

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Deri Protocol is on the rise this week.

The price of Deri Protocol has risen by 10.24% in the past 7 days. The price increased by 1.46% in the last 24 hours. In just the past hour, the price grew by 0.17%. The current price is $0.0217 per DERI. Deri Protocol is 99.43% below the all time high of $3.77.

The current circulating supply is 174,553,921.518 DERI.

About

What Is Deri Protocol (DERI)?

The Deri protocol is a group of smart contracts deployed on the Ethereum blockchain. The users’ position on the platform is calculated with mark price, ensuring precision position. Such positions are tokenized as non-fungible tokens (NFTs) that can be held, transferred, or imported into any other DeFi projects for their financial purposes. Moreover, the Deri protocol is simple and is made for an easy-to-use trading process. The protocol also defines a game called ‘lego gameplay’ for DeFi projects.

Deri is the short form of Derivative. As the name suggests, the Deri protocol facilitates people to trade derivatives. According to the project’s whitepaper, a derivative is a contract that derives its value from the performance of an underlying asset or an entity. Derivatives can be used for several purposes, such as insuring against price movement or accessing hard-to-trade assets or the marketplace. According to the project’s documents, Deri Protocol is a decentralized finance (Defi) way to trade derivatives on the blockchain network.

According to its whitepaper, exchanging the risk exposure is one of the core functions of finance, including borrowing and lending. The centralized exchange (CEX) already serves the purpose of exchanging risk exposure in the crypto world. But CEX is not organic with the blockchain and cannot directly interact with other on-chain activities, thus fulfilling the purpose partially. Therefore, the Deri protocol is designed with all such defi features.

Deri token is the native cryptocurrency of the Deri protocol and is denoted by its ticker name DERI. The token is used as a governance token on the platform based on ERC-20 token standards. The token allows the community to share the ownership and dedicate themselves to the protocol’s governance. The DERI token is also used as a fee token as it is distributed to the users who intend to provide liquidity to the protocol.

History of Deri Protocol (DERI)

The whitepaper of the project was released in December 2020. 0xAlpha (CEO) and Richard (CTO) are the project’s co-founders. Other members of the team include Jason, Janice, and Daniel. The total supply of DERI tokens is one billion coins.

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FAQ

What is the current price of Deri Protocol?

The price of 1 Deri Protocol currently costs $0.0217.

What is the market cap of Deri Protocol?

The current market cap of Deri Protocol is $3.79M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Deri Protocol?

The all-time high of Deri Protocol is $3.77. This all-time high is highest price paid for Deri Protocol since it was launched.

What is the 24 hour trading volume of Deri Protocol?

Over the last 24 hours, the trading volume of Deri Protocol is $99.37K.

What other assets are similar to Deri Protocol?

Assets that have a similar market cap to Deri Protocol include Newton, 1World, EPIK Prime, and many others. To see a full list, see our comparable market cap assets.

How many Deri Protocol are there?

The current circulating supply of Deri Protocol is 175 million.