Dafi Protocol (DAFI) Metrics
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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.
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Dafi Protocol Basics
| Hardware wallet | Yes |
|---|
| Website | dafiprotocol.io |
|---|---|
| Wallet | Coins Mobile App |
| Asset type | Token |
|---|---|
| Contract Address |
| Explorers (3) | etherscan.io bscscan.com polygonscan.com |
|---|
| Tags |
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|---|
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Popular Calculators
Dafi Protocol Exchanges
Dafi Protocol Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Dafi Protocol
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 7 | USDC USDC | $75 245 113 585 | $1.000664 | $23 749 300 881 | 75,195,214,655 | |||
| 19 | Chainlink LINK | $8 855 430 599 | $14.13 | $1 222 215 605 | 626,849,970 | |||
| 26 | Binance Bitcoin BTCB | $6 954 837 713 | $95 131.01 | $164 277 448 | 73,108 | |||
| 31 | Shiba Inu SHIB | $5 419 535 911 | $0.000009 | $153 421 138 | 589,264,883,286,605 | |||
| 34 | Toncoin TON | $4 623 532 341 | $1.86 | $161 302 895 | 2,488,597,556 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 13 | Hyperliquid HYPE | $12 555 429 904 | $37.60 | $410 626 840 | 333,928,180 | |||
| 19 | Chainlink LINK | $8 855 430 599 | $14.13 | $1 222 215 605 | 626,849,970 | |||
| 37 | Uniswap UNI | $4 265 946 314 | $7.10 | $611 670 998 | 600,425,074 | |||
| 41 | Official World Liberty Financial WLFI | $3 658 672 123 | $0.148310 | $130 798 842 | 24,669,070,265 | |||
| 42 | Dai DAI | $3 330 927 974 | $1.000511 | $1 038 865 308 | 3,329,226,824 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 434 512 972 | $1.000080 | $153 439 365 761 | 177,420,277,588 | |||
| 7 | USDC USDC | $75 245 113 585 | $1.000664 | $23 749 300 881 | 75,195,214,655 | |||
| 12 | Wrapped Liquid Staked Ether 2.0 WSTETH | $13 782 134 999 | $3 876.03 | $32 181 252 | 3,555,731 | |||
| 14 | Wrapped Bitcoin WBTC | $12 471 462 369 | $95 072.82 | $722 347 889 | 131,178 | |||
| 15 | WETH WETH | $11 971 245 066 | $3 178.86 | $912 797 782 | 3,765,896 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 13 | Hyperliquid HYPE | $12 555 429 904 | $37.60 | $410 626 840 | 333,928,180 | |||
| 170 | Pendle PENDLE | $361 188 554 | $2.20 | $57 284 820 | 163,815,032 | |||
| 220 | Synthetix Network SNX | $249 048 470 | $0.733647 | $37 360 851 | 339,466,216 | |||
| 361 | DYDX (ETH) DYDX | $105 130 267 | $0.310969 | $78 325 792 | 338,073,117 | |||
| 399 | GMX GMX | $88 085 222 | $8.77 | $10 651 486 | 10,044,469 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 434 512 972 | $1.000080 | $153 439 365 761 | 177,420,277,588 | |||
| 7 | USDC USDC | $75 245 113 585 | $1.000664 | $23 749 300 881 | 75,195,214,655 | |||
| 8 | Lido Staked Ether STETH | $31 075 288 213 | $3 172.76 | $71 494 541 | 9,794,399 | |||
| 12 | Wrapped Liquid Staked Ether 2.0 WSTETH | $13 782 134 999 | $3 876.03 | $32 181 252 | 3,555,731 | |||
| 14 | Wrapped Bitcoin WBTC | $12 471 462 369 | $95 072.82 | $722 347 889 | 131,178 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Dafi Protocol



