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Dfyn Network

DFYN

Price
$0.0298
9/27/2022, 4:59:37 PM
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Market

Market stats

Market cap

$4.5M

Volume (24h)

$591,829.66

Circulating supply

149.4M DFYN

All time high

$8.35

Price change (1h)

-1.71%

Price change (24h)

+5.04%

Price change (7d)

+4.61%

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Dfyn Network is on the rise this week.

The price of Dfyn Network has risen by 4.61% in the past 7 days. The price increased by 5.04% in the last 24 hours. In just the past hour, the price shrunk by 1.71%. The current price is $0.02982 per DFYN. Dfyn Network is 99.64% below the all time high of $8.35.

The current circulating supply is 149,441,076 DFYN.

About

What Is Dfyn? (DFYN)

Dfyn is a platform that operates as a multichain AMM with nodes spread on different blockchains. A node basically refers to a computer linked on a blockchain network. At the same time, an automated market maker (AMM) is a part of DEX that removes any intermediaries in crypto assets trading. The AMMs enable sharing liquidity and cross-chain digital asset swaps. Thus, the Dfyn platform aims to build a multichain ecosystem that provides a trustless, decentralized exchange (DEX) along with a fast gasless AMM.

Dfyn seeks to improve DeFi’s scalability and congestion. Dfyn also addresses DeFi’s high gas fees, fragmented liquidity pools, low throughput, and poorer user experience. As a solution, Dfyn nodes are spread across multiple Layer 1 and Layer 2 blockchains, thus allowing users to perform their asset trades seamlessly on several blockchains from a single interface. Further, the platform’s AMM optimization seeks to overcome the issues faced by traditional AMMs, including any impermanent loss.

Dfyn operates on Polygon and Fantom. By relying on Polygon, the network ensures that transactions are carried out instantly. And by using the two blockchains, the platform resolves the problem of scalability.

DFYN is the ecosystem’s native token with multiple utilities, such as giving token holders the right to participate in the platform’s governance by voting on Dfyn’s proposals regarding protocol amendments and upgrades. Moreover, a 0.3% fee is charged on every trade done on the platform, of which 0.25% is distributed to the liquidity providers in proportion to their contribution to the liquidity pool. And 0.05% goes to the DFYN treasury for buybacks and gas subsidies.

History of Dfyn (DFYN)

There are four cofounders of the platform—Ramani Ramachandran, Chandan Choudhury, Shubham Singh, and Priyeshu Garg. Ramani Ramachandran joined the crypto in 2014 and has run one of Asia’s earliest crypto funds. He also developed Fordex, the world’s first stablecoin DEX. He had previously worked at Deloitte, Moody’s, and Schlumberger. Chandan Choudhury is a veteran trader and an advisor with an experience of 15 years. Similarly, Shubham Singh has been a full-stack developer and technical architect building in blockchain and crypto since 2016. 

The token’s maximum supply is 250,000,000 DFYN.

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FAQ

What is the current price of Dfyn Network?

The price of 1 Dfyn Network currently costs $0.0298.

What is the market cap of Dfyn Network?

The current market cap of Dfyn Network is $4.46M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Dfyn Network?

The all-time high of Dfyn Network is $8.35. This all-time high is highest price paid for Dfyn Network since it was launched.

What is the 24 hour trading volume of Dfyn Network?

Over the last 24 hours, the trading volume of Dfyn Network is $591.83K.

What other assets are similar to Dfyn Network?

Assets that have a similar market cap to Dfyn Network include HAPI Protocol, Doge Dash, Plian, and many others. To see a full list, see our comparable market cap assets.

How many Dfyn Network are there?

The current circulating supply of Dfyn Network is 149 million.

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