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Centrifuge Overview
24h High
$0.16
24h Low
$0.14
24h Change
+2.01%
7d Change
+14.82%
30d Change
+71.54%
Volume 24h
$5.05M
Market Cap
$87.54M
Circulating Supply
577.04M CFGV1
Centrifuge News
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About Centrifuge
Centrifuge is a decentralized protocol that connects the DeFi ecosystem with real-world assets. It aims to lower capital costs for small and mid-sized enterprises (SMEs) and offer a stable source of income for investors. The CFG token provides liquidity to the system and acts as a reward mechanism for investors. Centrifuge’s innovative approach includes tokenizing real-world assets as non-fungible tokens (NFTs), which are then used as collateral in the DeFi space through Tinlake, Centrifuge’s decentralized application lending protocol. This method allows businesses to leverage DeFi liquidity by using their real-world assets, thus bypassing traditional banking routes. Centrifuge was launched in 2017 by Lucas Vogelsang, the CEO, and Martin Quensel, the COO.
The CFG token, pivotal to the Centrifuge ecosystem, has multiple uses. It primarily serves to provide liquidity to the system, acting as a reward mechanism for investors. The protocol's innovative approach includes tokenizing real-world assets as non-fungible tokens (NFTs), which are then used as collateral in the DeFi space through Tinlake, Centrifuge's decentralized application lending protocol. This method allows businesses to leverage DeFi liquidity by using their real-world assets, thus bypassing traditional banking routes.
Centrifuge was launched in 2017 by Lucas Vogelsang, the CEO, and Martin Quensel, the COO.
Centrifuge Markets
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Centrifuge Platforms
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Centrifuge Market Data
The live Centrifuge price today is $0.15 USD with a 24-hour trading volume of $5,046,717.67 USD. We update our CFGV1 to USD price in real-time. Centrifuge is up 2.01% in the last 24 hours.
The current market cap is $87,537,221.49 USD, ranking #234 by market capitalization. The circulating supply is 577,038,746 CFGV1.