Dafi Protocol
DAFI Rank 2705 Rank 2705
$0.000352 (-2.78%)

Dafi Protocol DAFI price:

$0.000352 (-2.78%)
1h-0.55%
24h-2.78%
Week-16.44%
Month-33.62%
Year-51.87%
ETH 0.00000011 (-2.74%)
BTC 0.08369 (+0.70%)
$0.000348 24h Range $0.000399

Dafi Protocol (DAFI) Metrics

Basic info
Asset type
Contract Address
Explorers
Market Cap Rank 2705
$387,156.00 BTC 4.00
All Time High
$0.067956 11 Nov 21 % to ATH (19,190.58%)
Volume (24h) Rank 2996
$54,453.87 BTC 0.572604
Circulating Supply
1,100,988,964 Total:2,250,000,000

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Dafi Protocol (DAFI)

What is Dafi Protocol?

Dafi Protocol is a blockchain-based asset designed to enhance the utility of cryptocurrencies by enabling the minting of tokens that represent future demand for a given cryptocurrency. The Dafi Protocol token operates on the Ethereum blockchain and is primarily used for incentivizing and rewarding users within its ecosystem. This innovative project aims to create a more stable and sustainable economic model for digital assets by aligning incentives and driving adoption through its unique tokenomics.

When and how did Dafi Protocol start?

Dafi Protocol was launched in 2020, created by a team of blockchain enthusiasts aiming to revolutionize the way rewards are distributed in decentralized finance (DeFi). The protocol focuses on enabling the minting of synthetic assets, allowing users to earn rewards in a more sustainable manner. Initially listed on various decentralized exchanges, Dafi has gained attention for its innovative approach to incentivizing participation in DeFi ecosystems. The project's early development was marked by strategic partnerships and community engagement, which helped establish its presence in the competitive crypto landscape.

What’s coming up for Dafi Protocol?

Dafi Protocol is poised for significant growth with its upcoming roadmap updates, focusing on enhancing its staking mechanisms and expanding its decentralized finance (DeFi) offerings. The next upgrade is expected to introduce advanced liquidity incentives, aimed at boosting community engagement and participation. Additionally, Dafi plans to roll out educational initiatives to empower users and foster a stronger community. These developments are set to enhance the protocol's utility and drive adoption, positioning Dafi as a key player in the evolving DeFi landscape. Keep an eye on these exciting advancements as they unfold!

What makes Dafi Protocol stand out?

Dafi Protocol (DAFI) is unique in its approach to incentivizing decentralized networks through its innovative minting mechanism, which allows for the creation of synthetic tokens that represent real-world assets and value. Compared to other cryptocurrencies, Dafi's standout technology focuses on aligning rewards with network growth, utilizing a unique tokenomics model that promotes long-term sustainability and real-world use cases in decentralized finance (DeFi) applications. This enables Dafi to effectively bridge the gap between traditional finance and blockchain ecosystems, setting it apart from conventional cryptocurrencies.

What can you do with Dafi Protocol?

Dafi Protocol (DAFI) is primarily used for staking to earn rewards and facilitate governance within its ecosystem. As a utility token, it enables users to participate in DeFi apps and make payments, enhancing the overall functionality of decentralized finance. Additionally, Dafi supports the creation and management of NFTs, providing further utility in the blockchain space.

Is Dafi Protocol still active or relevant?

Dafi Protocol (DAFI) is currently active, with ongoing development and a dedicated team working on updates. The project is still traded on several exchanges, indicating a stable trading activity. Additionally, there is an active community presence, suggesting continued interest and engagement in the protocol.

Who is Dafi Protocol designed for?

Dafi Protocol is built for DeFi users and developers seeking innovative solutions for decentralized finance. Its unique approach to incentivizing token supply and demand makes it ideal for investors looking to engage with dynamic yield mechanisms. This protocol fosters a community of users focused on enhancing liquidity and governance within decentralized ecosystems.

How is Dafi Protocol secured?

Dafi Protocol secures its network through a unique consensus mechanism that combines elements of Proof of Stake (PoS) and a novel minting process, ensuring robust blockchain protection. Validators are responsible for maintaining network security by confirming transactions and creating new blocks, while the protocol incentivizes them with rewards tied to the network's performance. This dual approach enhances the overall integrity and efficiency of the Dafi ecosystem.

Has Dafi Protocol faced any controversy or risks?

Dafi Protocol has faced scrutiny due to concerns over its security measures, with potential vulnerabilities that could expose users to hacks and security incidents. Additionally, like many cryptocurrencies, it is subject to extreme volatility, posing risks for investors. There have been discussions in the community about the potential for rug pulls, highlighting the importance of due diligence before investing.

Dafi Protocol (DAFI) FAQ – Key Metrics & Market Insights

Where can I buy Dafi Protocol (DAFI)?

Dafi Protocol (DAFI) is widely available on centralized cryptocurrency exchanges. The most active platform is Bilaxy, where the DAFI/ETH trading pair recorded a 24-hour volume of over $37 420.94. Other exchanges include LATOKEN and Gate.

What’s the current daily trading volume of Dafi Protocol?

As of the last 24 hours, Dafi Protocol's trading volume stands at $54,453.87 , showing a 3.97% decline compared to the previous day. This suggests a short-term reduction in trading activity.

What’s Dafi Protocol’s price range history?

All-Time High (ATH): $0.067956
All-Time Low (ATL): $0.000180

Dafi Protocol is currently trading ~99.48% below its ATH and has appreciated +196% from its ATL.

What’s Dafi Protocol’s current market capitalization?

Dafi Protocol’s market cap is approximately $387 156.00, ranking it #2705 globally by market size. This figure is calculated based on its circulating supply of 1 100 988 964 DAFI tokens.

How is Dafi Protocol performing compared to the broader crypto market?

Over the past 7 days, Dafi Protocol has declined by 16.44%, underperforming the overall crypto market which posted a 1.31% decline. This indicates a temporary lag in DAFI's price action relative to the broader market momentum.

News All News

Education All Education

Dafi Protocol Basics

Hardware wallet Yes
Tags
  • Ethereum (ETH) Token (ERC-20) (13259)
  • Polygon (MATIC) Token (1460)
  • Binance Coin (BNB) Token (BEP-20) (13639)
  • DeFi (519)
  • Derivative (65)

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Dafi Protocol Exchanges

Dafi Protocol Markets

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* Price / Volume Excluded - Outlier detected
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