Dfyn is a platform that operates as a multichain AMM with nodes spread on different blockchains. A node basically refers to a computer linked on a blockchain network. At the same time, an automated market maker (AMM) is a part of DEX that removes any intermediaries in crypto assets trading. The AMMs enable sharing liquidity and cross-chain digital asset swaps. Thus, the Dfyn platform aims to build a multichain ecosystem that provides a trustless, decentralized exchange (DEX) along with a fast gasless AMM.

Dfyn seeks to improve DeFi’s scalability and congestion. Dfyn also addresses DeFi’s high gas fees, fragmented liquidity pools, low throughput, and poorer user experience. As a solution, Dfyn nodes are spread across multiple Layer 1 and Layer 2 blockchains, thus allowing users to perform their asset trades seamlessly on several blockchains from a single interface. Further, the platform’s AMM optimization seeks to overcome the issues faced by traditional AMMs, including any impermanent loss.

Dfyn operates on Polygon and Fantom. By relying on Polygon, the network ensures that transactions are carried out instantly. And by using the two blockchains, the platform resolves the problem of scalability.

DFYN is the ecosystem’s native token with multiple utilities, such as giving token holders the right to participate in the platform’s governance by voting on Dfyn’s proposals regarding protocol amendments and upgrades. Moreover, a 0.3% fee is charged on every trade done on the platform, of which 0.25% is distributed to the liquidity providers in proportion to their contribution to the liquidity pool. And 0.05% goes to the DFYN treasury for buybacks and gas subsidies.

There are four cofounders of the platform—Ramani Ramachandran, Chandan Choudhury, Shubham Singh, and Priyeshu Garg. Ramani Ramachandran joined the crypto in 2014 and has run one of Asia’s earliest crypto funds. He also developed Fordex, the world’s first stablecoin DEX. He had previously worked at Deloitte, Moody’s, and Schlumberger. Chandan Choudhury is a veteran trader and an advisor with an experience of 15 years. Similarly, Shubham Singh has been a full-stack developer and technical architect building in blockchain and crypto since 2016. 

The token’s maximum supply is 250,000,000 DFYN.

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L'attuale capitalizzazione di mercato di Dfyn Network è 45,023K €. Una capitalizzazione di mercato elevata implica che il mercato attribuisce una valutazione elevata all'asset.

Il massimo storico di Dfyn Network è 7,18 €. Questo massimo storico è il prezzo più elevato pagato per Dfyn Network dal suo lancio.

Nelle ultime 24 ore, il volume di negoziazione di Dfyn Network è stato pari a 39,867 €.

Gli asset che hanno una capitalizzazione di mercato simile a Dfyn Network includono Belong, New BitShares, Vulpe Finance e molte altre. Per visualizzare un elenco completo, consulta la pagina asset con capitalizzazione di mercato comparabili.

La quantità di Dfyn Network attualmente in circolazione è 172 milioni.