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Centrifuge Overview
24h High
$0.16
24h Low
$0.14
24h Change
-3.59%
7d Change
-6.92%
30d Change
+59.07%
Volume 24h
$101.68M
Circulating Supply
630.66M CFG
Centrifuge News
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About Centrifuge
Centrifuge is a protocol for financing real world assets through tokenisation and decentralised lending. Its blockchain, Centrifuge Chain, records the state of off-chain transactions and anchors Business NFTs for use in DeFi. The native token CFG secures the network through staking, pays for transactions, and enables governance. Validators and delegators use CFG to maintain consensus, while businesses benefit from access to liquidity using tokenised assets.
CFG is the native token of Centrifuge. It underpins the system through staking, governance, and transaction utility. - Staking and validation: Validators stake CFG to secure the network, propose blocks, and anchor states of off-chain documents. Delegators can also stake CFG by assigning it to validators, sharing in rewards. Misbehaviour is punished through slashing of the bonded tokens. - Transaction fees: CFG is used to pay fees on Centrifuge Chain. Validators may charge these fees for processing transactions and anchoring document states. - Governance: CFG holders take part in the protocol’s governance by voting on upgrades, parameter changes, and the allocation of development funds. This ensures that those who use and secure the system guide its long-term evolution. Rewards are distributed to validators and delegators for securing the network, while over time the system shifts toward fees as the primary incentive mechanism.
Centrifuge Chain uses a proof of stake model with a nominated validator selection algorithm. Blocks are proposed through BABE and finalised with GRANDPA consensus, creating fast and secure block production. Anchors record the state of off-chain document exchanges, allowing Business NFTs to represent assets like invoices directly on chain. The network design allows operational nodes to exchange documents privately while publishing their verified states for use in decentralised finance. This architecture combines privacy, verifiability, and liquidity in a single system.
Centrifuge was co-founded in 2017 by Lucas Vogelsang and Martin Quensel. Vogelsang currently serves as CEO and previously co-founded the e-commerce company DeinDeal. Quensel brings deep expertise in financial systems and blockchain development. Together they set out to improve liquidity access by tokenising real world assets and integrating them into DeFi infrastructure.
Centrifuge Markets
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Centrifuge Platforms
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Centrifuge Market Data
The live Centrifuge price today is $0.14 USD with a 24-hour trading volume of $101,680,233.59 USD. We update our CFG to USD price in real-time. Centrifuge is down 3.59% in the last 24 hours.
The current market cap is $89,988,091.43 USD, ranking #1838 by market capitalization. The circulating supply is 630,661,376 CFG.