Centrifuge Price Today (Official) | Live CFG Price Chart in USD | CryptoRank.io
Currencies
9929
Market Cap
$ 2.61T
+1.96%
24h Spot Volume
$ 52.03B
-10.9%
BTC Dominance
45.25%
-0.67%
ETH Gas
75 Gwei

Centrifuge [CFG]

 
On 73 watchlists
Rank: 288
Token:
PolkadotEthereum
USD 1.93
-0.82
BTC 0.0000308
-2.20
ETH 0.000508
-2.38

Centrifuge is unlocking economic opportunity for all by connecting people to borrow and lend money transparently and cost-effectively.

Centrifuge Market Cap

$ 188,220,120 
Ƀ 3,005
FDMC: $ 820,178,256 
ATH: $ 249,469,208 

24h Trade Volume

$ 1,374,844 
Ƀ 21.95
CFG 712,417

Supply

Circulating:
CFG 97,531,909(22.95%)
Total:
CFG 425,000,000

All-Time-High (ATH) Price

$ 2.56 (14 Oct 2021)
Ƀ 0.0000459 (30 Sep 2021)
ETH 0.000703 (14 Oct 2021)
From ATH: -24.6%
To ATH: +32.5%

Centrifuge (CFG) is a cryptocurrency token generated on the Polkadot blockchain.

The total supply of Centrifuge that will ever be issued is 425.00 Millions tokens, and the current supply of CFG in circulation is 97.53 Millions tokens.

Current Centrifuge price is $ 1.93 moved down to -0.82% for the last 24 hours.

All time high (ATH) price of Centrifuge reached $ 2.56 on 14 Oct 2021 and fallen -24.6% from it.

Centrifuge's share of the entire cryptocurrency market is 0.01% with the market capitalization of $ 188.22 Millions.

Centrifuge’s 24 trading volume is $ 1.37 Million. It is trading on 6 markets and 4 Exchanges .

Centrifuge Price

Centrifuge price Index provides the latest CFG price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

The Centrifuge to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

CFG to USD Converter

CFG

Centrifuge Returns

YearQ1Q2Q3Q4
2021+77.3%+9.53%

Centrifuge Closing Price

YearQ1Q2Q3Q4
2021$ 1.78

Centrifuge Historical Annual Returns

YearJanFebMarAprMayJuneJulyAugSeptOctNovDec
2021-15.6%+56.3%+34.7%+9.53%

Centrifuge USD (CFG - USD) Price Change

PeriodChangeChange (%)HighLow
24H-$ 0.0159-0.82%$ 1.95$ 1.84
7D$ 0.321+20%$ 2.52$ 1.51
14D$ 0.0696+3.74%$ 2.52$ 1.49
1M$ 0.909+89.1%$ 2.52$ 0.888
3M$ 1.24+178.4%$ 2.52$ 0.645

Centrifuge Annual Value

YearUSDHighLow
2021+92.5%$ 2.52$ 0.551

What is Centrifuge

The untapped multi-trillion dollar market of real-world assets (RWA) is now entering Decentralized Finance (DeFi) through Centrifuge: the first protocol to connect DeFi to the real-world. Businesses are using Centrifuge today to access the liquidity that DeFi offers, while investors finance assets for an attractive, stable yield.

  • Highest TVL in Polkadot and highest overall real-world asset TVL (100% growth monthly)
  • Leading bridge for trillions+ of locked value from the real-world to crypto
  • Multichain: Utilizing both the Polkadot and Ethereum ecosystems' strengths


Key Highlights

TVL Doubling Every Month

Centrifuge has entered a new category of Total Value Locked (TVL) growth: real-world asset (RWA) TVL. Once tokenized, real-world assets, such as invoices, real estate, royalties, and other assets, have the potential to bring trillions in new assets to DeFi. Centrifuge tokenizes real-world assets by converting them into NFTs on the Centrifuge Chain. RWA TVL measures the active real world asset value being used for financing on Centrifuge.

Breaking Ground in Polkadot

Centrifuge has the highest TVL in the Polkadot ecosystem - and will be among the first to launch a Parachain on Polkadot. Centrifuge chain is built on Polkadot for speed and low fees, while its financing Dapp, Tinlake, is built to access the massive liquidity on Ethereum. The native token CFG has its own bridge to Ethereum.

Integrated with DeFi Industry Leaders

Centrifuge is bringing the first ever real-world assets to back MakerDAO’s DAI and is working on the first real-world asset market on Aave. Directly integrating into other DeFi protocols allows Centrifuge users to get instant liquidity and makes DeFi protocols more secure against destabilizing events by adding uncorrelated collateral.


Centrifuge Technology

DeFi on Ethereum and Polkadot

The Centrifuge Chain is built on Polkadot, but the Dapp is bridged to Ethereum. This gives Centrifuge an edge on accessing two of the biggest ecosystems in crypto: one for DeFi liquidity (ETH) and one for speed (DOT).

Centrifuge currently accepts DAI and cUSD (Celo USD) in its pools and in the future can accept any stable coin such as Acala, Dai, or Celo. The team is also working towards money markets on both Compound and Aave.

Introducing the First Dapp: Tinlake

Tinlake is the first Dapp built on the Centrifuge chain. It is an asset-backed lending application that allows users to access financing using DeFi. Assets are turned into NFTs on the Centrifuge Chain, which are then financed through Tinlake. Tinlake is now financing 10+ asset types and has over $10m TVL.


Tech Highlights

  • DeFi investors can now access a safer, stable yield: uncorrelated to volatile crypto returns
  • Launching as one of the first Parachains on Polkadot and Kusama
  • Transparent investment opportunities with parameters hardwired in code
  • Privacy-enabled NFTs bring real-world assets on-chain
  • Open platform where anyone can finance real-world assets
  • Built on Polkadot, bridged to Ethereum