TrueFi Logo

TrueFi TRU

TrueFi header image

1. Summary

Limited data

  • 75% of the TrueFi code repositories are forked (originally copied) from another project.

Ranks

Liquidity
97
Developer
12
Social
89
Momentum (beta)
59
Stack Rank™
37
Price
52W High price $0.23
52W High date 10th Jun 2024 (3 months ago)
All Time High (ATH) Date 12th Aug 2021 (3 years ago)
ATH Price $1.02
% From ATH -85.5%
All Time Low (ATL) Date 23rd Dec 2022 (1 year ago)
ATL Price $0.03
% From ATL 458.63%
Supply & Trading Volume
Trading Volume (24h) $20.71M
Total Supply 1.23B
Max Supply 1.23B
Circulating Supply 1.14B
Description

TrueFi is a decentralized finance (DeFi) protocol that provides uncollateralized lending services to institutions and individuals. Developed by the TrustToken team, TrueFi allows lenders to provide capital to borrowers at predictable loan rates without requiring collaterals. Its goal is to become a market-driven, automated credit rating and lending...

TrueFi is a decentralized finance (DeFi) protocol that provides uncollateralized lending services to institutions and individuals. Developed by the TrustToken team, TrueFi allows lenders to provide capital to borrowers at predictable loan rates without requiring collaterals. Its goal is to become a market-driven, automated credit rating and lending system in the long term, offering increased responsibility to users, especially for onboarding new borrowers and approving new loan types.

The protocol uses the symbol TRU and is governed by a decentralized autonomous organization (DAO). TrueFi has a long history, having originated over $1.5 billion in uncollateralized loans to trading firms and market makers during a previous crypto bull cycle. However, the protocol faced challenges in 2022 as crypto prices dropped, leading to loan defaults and a decline in its total value locked.

TrueFi has introduced several key features, including a tokenized U.S. Treasury offering and a real-world-asset-based (RWA) lending platform called Trinity. The Trinity platform allows users to borrow the TRI token by pledging tokenized real-world assets like the tfBILL token, and TRI holders can stake their tokens to earn yields from borrowing fees.

The protocol has been successful in attracting significant deposits from institutions and has a strong technical infrastructure in place to support its lending activities.

2. Price

TRU

2.1. Market Performance

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

30 Day Return

2.3%

TRU

-5.5%

Similar Market Cap

60 Day Return

10.4%

TRU

-15.5%

Similar Market Cap

1 Year Return

263.1%

TRU

102.6%

Similar Market Cap

3. Developer Activity

We're monitoring 43 TrueFi 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 TrueFi Repos)

Commits vs. The Market

  • Past 4 weeks: 1 commits vs. an average of 2
  • Past 12 weeks: 1 commits vs. an average of 8
  • Past year: 2 commits vs. an average of 115

Most Active Repos

Past week 0
Past 12 weeks 19
Past year 552
Past week 0
Past 12 weeks 8
Past year 299
Past week 9
Past 12 weeks 28
Past year 74
Past week 0
Past 12 weeks 0
Past year 52
Past week 0
Past 12 weeks 4
Past year 48
Past week 8
Past 12 weeks 32
Past year 32

Top Developers 2024

In total, 81 developers have contributed to TrueFi over the past year. Who are the most active TrueFi developers, by commits, over the past year?

Related Projects

Developers working on TrueFi 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 0
Active Reddit Users (past 24h) 0
Discord users 17,516
Active Discord Users 283
Telegram Users 2,806
Twitter followers 84,185
5. News
7. More Information

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

Website http://truefi.io/
Explorer https://etherscan.io/token/0x4c19596f5aaff459fa38b...
Twitter @TrustToken

What is the correct contract address for TrueFi?

Ethereum 0x4c19596f5aaff459fa38b0f7ed92f11ae6543784

Has TrueFi been audited for security?

No security audits found for this project.

Are you the owner of TrueFi? Edit it here

Subscribe for free

Investment alerts and insights directly in your inbox.

By continuing, you agree to the Stack Terms of Service and Privacy Policy.