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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Market Stats
Market Cap
$3,372,780.39
-3.77%
FDV
$3,779,004.79
Circulating Supply
153,079,548.643 DEFX
Max Supply
171,516,755 DEFX
Total Supply
171,516,755 DEFX
Diluted Valuation
$3,807,069.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$2,115.96
12.73%
Volume (7D)
$4,137.37
Volume (30D)
$61,368.46
All time high
$1.79
Overall Price Change (1Y)
-0.3%
Additional info about DeFinity
Recent trends
The price of DeFinity has increased by 1.41% in the last hour and decreased by 1.43% in the past 24 hours. DeFinity’s price has also risen by 44.37% in the past week. The current price is $0.0221 per DEFX with a 24-hour trading volume of $2.12K. Currently, DeFinity is valued at 98.77% below its all time high of $1.79. This all-time high was the highest price paid for DeFinity since its launch. The current circulating supply of DeFinity is 153,079,548.643 DEFX which means that DeFinity has as total market cap of $3,372,780.39.
Market details
DEFX vs markets
↘ 40.19%
DEFX vs BTC
↘ 48.87%
DEFX vs ETH
↗ 31.35%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x5F474906637bdCDA05f29C74653F6962bb0f8eDa | |
BNB Smart Chain | 0xbE4Cb2C354480042A39350A0c6c26bf54786539F |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0221 | ↘ 1.43% |
1 Day | $0.0224 | ↘ 1.43% |
1 Week | $0.0153 | ↗ 44.37% |
1 Month | $0.0184 | ↗ 20.29% |
1 Year | $0.0317 | ↘ 30.15% |
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.
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The current market cap of DeFinity is $3.37M. A high market cap implies that the asset is highly valued by the market.
The all-time high of DeFinity is $1.79. 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 $2.12K.
Assets that have a similar market cap to DeFinity include melo, LP 3pool Curve, Solidray (new), 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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Legal
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.