BiFi Price
(BIFI)
USD($)
BiFi (BIFI) Live Price Chart
Overview
About
Analysis
FAQ
BiFi Live Price Data
The live price of BiFi is $0.002642, with a total trading volume of $ 92,478 in the last 24 hours. The price of BiFi changed by +0.91% in the past day, and its USD value has increased by +12.4% over the last week. With a circulating supply of 516,333,380 BIFI, the market cap of BiFi is currently 1.37M USD, marking a --% increase today. BiFi currently ranks #-- in market cap.
How do you feel about BiFi today?
Note: This data is for reference only.
BiFi(BIFI) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Ethereum 0x2791bf...a81
Audited By
- --
Code & Community
Investors
- --
$0.002570
$0.002685
- ATH
- $0.296474
- Price Change (1h)
- 0.00%
- Price Change (24h)
- +0.91%
- Price Change (7d)
- +12.40%
- Market Cap
- $1.37M
- 24h Volume
- $92,478
- Circulating Supply
- 516,333,380
- Max Supply
- 1B
About BIFI
How can I buy BiFi (BIFI)?
Buying BIFI on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy BiFi (BIFI) for more information. What Is BiFi Finance (BIFI) Crypto?
BiFi Finance, short for Bifrost Finance, is a multi-chain DeFi project developed using Bifrost’s universal multichain middleware. It supports a decentralized financial infrastructure that connects all the capital markets currently isolated on each blockchain.
This model allows for innovation and the creation of new DeFi products and services with blockchain interoperability. BiFi Finance offers lending and staking protocols on several leading blockchain ecosystems.
Unlike other protocols, BiFi was built from scratch to optimize algorithms for volatility risk and gas reduction, offering highly competitive interest rates and collateral ratios. The protocol has also undergone three external security audits, giving its users higher trust and security.
BIFI is the native currency of BiFi Finance. You can receive rewards in BIFI tokens when using the platform for lending, borrowing, staking, or pooling. Holding BIFI also lets you become a member of the BDAO and participate in the decentralized governance process of the BiFi protocol.
How Does BiFi Finance Work?
BiFi offers rewards pooling and staking on Ethereum, token purchases, bridging of tokens to supported blockchain networks, and more. Additionally, BiFi X provides a unique DeFi service where users can get maximum leverage in a single transaction using flash loans on yield farming and margin trading positions.
The following are some of the services BiFi Finance offers:
Lending and Borrowing
Lend or borrow crypto assets from BiFi’s liquidity pools on the various blockchain networks. Some supported assets include WBTC, USDC, DAI, LINK, and more.
Staking and Pooling
Stake BFC tokens on SushiSwap and Uniswap to earn rewards. You can add liquidity to the BFC-ETH pair on both platforms or stake your SushiSwap and Uniswap LP tokens on BiFi Finance to earn $BIFI.
BiFi X
BiFi X is an innovative platform that utilizes flash loans to provide unparalleled opportunities for yield farming and margin trading. Its cutting-edge features let traders take advantage of the full potential of DeFi lending in a way that is both efficient and accessible.
History of BiFi Finance
The BiFi project was introduced by its team in September 2020, followed by an introduction of the BIFI token and the project’s closed beta launch in November.
BiFi Finance started on Ethereum and Binance Smart Chain (now BNB Chain) ecosystems in early 2021. BiFi’s lending and rewards programs launched in January 2021.
In March 2021, BiFi expanded to support Binance Smart Chain. BiFi X was introduced in June 2021 to offer DeFi traders high leverage for yield farming and margin trading. BiFi X went live on BSC in July.
In September 2021, BiFi announced the migration of LP token pool rewards from Uniswap to SushiSwap Liquidity. In the same month, the project released its next product, BiFi FlashLoan, for DeFi traders to maximize their profits while limiting their risk exposure.
The BDAO also launched in September 2021. A month later, BiFi expanded to support the Avalanche network. This was followed by BiFi X and ChainRunner Q supporting Klaytn Network in March 2022.
BiFi (BIFI) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.000023 | 0.92% |
| 7 Days | $0.000291 | 12.41% |
| 30 Days | $-0.00024 | -8.32% |
| 3 Months | $0.000493 | 22.97% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
BiFi Conversion Rate
FAQ
How much is 1 BiFi (BIFI) worth?
KuCoin provides real-time USD price updates for BiFi (BIFI). BiFi price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time BIFI to USD exchange rates. Is BiFi Finance a Good Investment?
The native token of a multichain DeFi protocol, the BIFI token could be an interesting asset to your crypto portfolio, especially if you believe in the potential of decentralized finance and blockchain interoperability. The BIFI token offers several applications and could be a convenient way to earn passive income from cryptocurrency.
As more users access BiFi Finance’s services for lending liquidity or borrowing crypto assets, the demand for its native token could increase, potentially leading to an uptrend in the BIFI price. Monitor the on-chain activity and consider the growth potential when making investment decisions.
If you want to actively participate in the DeFi market and contribute to BiFi’s decentralized governance mechanisms, the BIFI crypto is a great investment option. As a token holder, you'll have a say in the protocol's future upgrades and the assets it supports. Consider investing in $BIFI to participate in the DeFi ecosystem actively.
What Is the BIFI Crypto Price Prediction?
While it's impossible to offer a precise BIFI price prediction at any time, several fundamental factors could contribute to its volatility, including:
Level of Adoption, On-chain Activity
The rising adoption of BiFi Finance by lenders and borrowers could drive up the value of BIFI crypto. Keep an eye on the on-chain activity, as an increase in it could trigger an uptrend in the BiFi price.
Expanding Multi-chain Capabilities
In the future, BiFi Finance’s expansion to more blockchain networks could lead to higher usage and support for more crypto assets, making it more appealing to users. Such developments could also make the BIFI crypto more attractive to hold among investors and DeFi traders, supporting the BIFI price statistics.
Future Upgrade
The adoption of BiFi Finance could increase as developers add more features that make it a better platform than its competitors in the market. This could lead to an uptick in the price of BIFI token.
Market Outlook
Market sentiment plays a crucial role in determining the value of BIFI crypto. A bullish sentiment among crypto investors can lead to higher buying activity in the market and increased overall activity in the DeFi sector, which can support the BIFI price. Conversely, a bearish sentiment or risk-off mood can keep investors away from the crypto market and DeFi platforms, weakening the BIFI crypto value.
What Is BIFI Token Used For?
$BIFI is the native currency of the BiFi Finance platform. It has the following key applications:
Utility Token
BIFI is used to pay for various multi-chain DeFi transactions on the platform. You must hold BIFI to use the BiFi Finance dApp when you want to participate in lending or borrowing activities.
Incentive Token
You can earn BIFI tokens as a reward for lending and borrowing, staking, or pooling functions on BiFi Finance. It serves as the incentive token of the DeFi project in this manner.
Governance Token
BIFI holders can participate in the decentralized governance mechanism of BiFi Finance. As a token holder, you can become a member of the BDAO and enjoy voting rights on proposals concerning the future evolution of the platform.
Crypto Asset to Trade and HODL
Trade BiFi Finance against other crypto assets to profit from changing market conditions. KuCoin offers a convenient platform with low trading fees and additional discounts for KCS holders when you trade BIFI on our spot market.
How to Add BIFI to MetaMask
We tell you how you can use BiFi on BNB Chain via MetaMask:
1. Download MetaMask and set up your wallet if you don’t have an account yet.
2. Click the top right circle for information on your account and head to Settings.
3. Select the Networks tab.
4. Click Add Network.
5. Enter the following details to add BSC Mainnet to your MetaMask wallet:
I. Network name: BSC Mainnet or BNB Chain
Ii. New RPC URL: https://bsc-dataseed.binance.org/
Iii. ChainID: 56
Iv. Symbol: BNB
V. Block Explorer URL: https://bscscan.com
6. Click Save after entering the details to add BNB Chain to your MetaMask wallet successfully.
7. You can now transfer your BSC-based BiFi tokens to your wallet and use them when connected to BiFi Finance dApp.
What is the all-time high price of BiFi (BIFI)?
The all-time high price of BiFi (BIFI) is $0.296741. The current price of BIFI is down 99.11% from its all-time high.
What is the all-time low price of BiFi (BIFI)?
The all-time low price of BiFi (BIFI) is $0.002642. The current price of BIFI is up 0.09% from its all-time low.
How much BiFi (BIFI) is there in circulation?
As of 12 25, 2024, there is currently 516,333,380 BIFI in circulation. BIFI has a maximum supply of 1B.
What is the market cap of BiFi (BIFI)?
The current market cap of BIFI is $1.37M. It is calculated by multiplying the current supply of BIFI by its real-time market price of $1.37M.
How do I store BiFi (BIFI)?
You can securely store your BiFi in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your BIFI include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert DOGS (DOGS) to cash?
You can instantly exchange your DOGS (DOGS) for cash using KuCoin's Fast Trade feature. This feature enables you to convert DOGS to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.