DeFiChain Logo

DeFiChain DFI

DeFiChain header image

1. Summary

Ranks

Liquidity
91
Developer
89
Social
94
Momentum (beta)
32
Stack Rank™
71
Price
52W High price $0.48
52W High date 28th Apr 2023 (1 year ago)
All Time High (ATH) Date 6th Dec 2021 (2 years ago)
ATH Price $5.61
% From ATH -98.8%
All Time Low (ATL) Date 19th Apr 2024 (2 months ago)
ATL Price $0.06
% From ATL 8.45%
Supply & Trading Volume
Trading Volume (24h) $2.41M
Total Supply 1.20B
Circulating Supply 873.16M
Description

DeFiChain is a decentralized blockchain platform designed to enable fast, intelligent, and transparent decentralized financial services. Unlike most DeFi projects built on the Ethereum network, DeFiChain is built on top of Bitcoin as a software fork and is periodically anchored on the Bitcoin blockchain for maximum security.

DeFiChain is a decentralized blockchain platform designed to enable fast, intelligent, and transparent decentralized financial services. Unlike most DeFi projects built on the Ethereum network, DeFiChain is built on top of Bitcoin as a software fork and is periodically anchored on the Bitcoin blockchain for maximum security.

DeFiChain is designed to be non-Turing complete, which reduces smart contract errors and ensures that only financial transactions are possible on the platform. This architecture limits the potential for non-financial applications like games and casinos, preventing high transaction fees and maintaining the focus on decentralized finance (DeFi).

DeFiChain offers a range of DeFi services, including decentralized exchanges, lending, and token wrapping. Its native cryptocurrency, DFI, is used to pay transaction fees, participate in governance, and access DeFi services. The platform is designed to be scalable, with a block time of 30 seconds and a throughput of 40 transactions per second, ensuring fast and secure transactions at low fees.

Community Governance

DeFiChain is a community-driven project, where users and stakeholders can propose and vote on changes to the platform. The governance system includes DeFiChain Improvement Proposals (DFIPs) and Community Funding Proposals (CFPs), which allow anyone to submit proposals for modifying the blockchain or financing specific projects that benefit the community. Masternode holders evaluate and vote on these proposals to ensure the platform evolves according to user needs.

MetaChain Layer

DeFiChain is transitioning into a hybrid architecture with the MetaChain layer, which integrates the Ethereum Virtual Machine (EVM) with DeFiChain. This integration will allow for greater innovation in the ecosystem, splitting the platform into UTXO, token systems, and EVM accounts. The Transfer Domain Transaction (TX) will facilitate asset transfers between domains, maintaining a coherent accounting layer.

2. Price

DFI

2.1. Market Performance

How does DeFiChain's (DFI) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-13.3%

DFI

9.0%

Similar Market Cap

60 Day Return

-23.4%

DFI

8.3%

Similar Market Cap

1 Year Return

-85.3%

DFI

0.9%

Similar Market Cap

3. Developer Activity

We're monitoring 40 DeFiChain GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All DeFiChain Repos)

Commits vs. The Market

  • Past 4 weeks: 111 commits vs. an average of 1
  • Past 12 weeks: 287 commits vs. an average of 8
  • Past year: 785 commits vs. an average of 138

Most Active Repos

Past week 17
Past 12 weeks 76
Past year 1249
Past week 21
Past 12 weeks 97
Past year 455
Past week 56
Past 12 weeks 218
Past year 374
Past week 113
Past 12 weeks 253
Past year 281
Past week 6
Past 12 weeks 19
Past year 266
Past week 53
Past 12 weeks 124
Past year 164

Top Developers 2024

In total, 392 developers have contributed to DeFiChain over the past year. Who are the most active DeFiChain developers, by commits, over the past year?

Related Projects

Developers working on DeFiChain also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 22,249
Active Reddit Users (past 24h) 21
Discord users 3,568
Active Discord Users 154
Telegram Users 12,858
Twitter followers 73,997
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://defichain.com/
Explorer http://explorer.defichain.io/
Twitter @defichain
reddit /r/defiblockchain

Has DeFiChain been audited for security?

No security audits found for this project.

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