What Is DeFiChain (DFI)?
DeFiChain (DFI) is a blockchain platform built with the mission of maximizing the full potential of DeFi within the Bitcoin (BTC) ecosystem. The software platform is supported by a distributed network of computers and is designed to facilitate fast and transparent transactions. The development team positions DeFiChain as an innovative blockchain project and offers solutions to problems like scalability, security and decentralization.
The project was launched in the fall of 2019 with the aim of offering financial services that commercial banks typically provide (borrowing, lending, investing, keeping funds). Yet there is a key difference between DeFiChain and a banking network: DeFiChain is a decentralized platform. This provides a number of advantages: authorities and entities cannot control the network and anyone has the right to participate in the launch of the network protocol. All actions support the entire network and participants in the process receive DFI tokens.
The DeFiChain platform ensures fast, transparent and decentralized financial services. The project is built on Bitcoin as a software fork and is tied to the Bitcoin blockchain using a Merkle root every few blocks. DeFiChain transactions are non-Turing complete, which makes them fast and smooth, with low gas costs and a reduced risk of smart contract errors.
DeFiChain’s initial functions and products include: lending, token wrapping, pricing oracles, exchanges, asset tokenization, distribution of dividends, and more.
Who Are the Founders of DeFiChain?
The DeFiChain Foundation was established in November 2019 and owns all DeFiChain (DFI) trademarks and domains. The organization is responsible for developing the ecosystem, forging new partnerships, guiding the development of tools for partners, and overseeing DFI funds. At the origins of the project are two key figures: Julian Hosp and U-Zyn Chua.
Dr. Julian Hosp is chairman and CEO of the DeFiChain Foundation. He also co-founded Cake DeFi. Hosp is an influential and authoritative specialist in the crypto industry, with a large following around the world.
U-Zyn Chua, fellow co-founder of Cake DeFi, serves as chief technical officer (CTO) and researcher at DeFiChain. Chua is also chief engineer at Zynesis and a blockchain advisor to the Singapore government.
DeFiChain Price Prediction
If you’re looking for DeFiChain price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of DeFiChain (DFI) will go in the future? We will analyze the past prices of DeFiChain (DFI) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2022 | $4.99 | $5.17 | $5.75 |
| 2023 | $7.18 | $7.44 | $8.67 |
| 2024 | $10.23 | $10.61 | $12.39 |
| 2025 | $14.84 | $15.26 | $18.10 |
| 2026 | $22.00 | $22.61 | $26.57 |
| 2027 | $30.78 | $31.91 | $38.00 |
| 2028 | $45.67 | $47.27 | $54.24 |
| 2029 | $66.98 | $69.34 | $79.86 |
| 2030 | $96.04 | $98.81 | $116.05 |
| 2031 | $141.02 | $144.97 | $166.02 |
DeFiChain Overview
| Coin Name | DeFiChain |
| Coin Symbol | DFI |
| USD Price | $ 3.53 |
| Marketcap | $ 1,061,173,460 |
| 24h Volume | $ 3,531,113 |
| Total Supply | 588,631,840 |
DeFiChain (DFI) Price Prediction
At reconshell.com we predict future DeFiChain price predictions/DFI forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of DeFiChain. We do our best to collect maximum historical data for the DFI coin which include multiple parameters like past price, DeFiChain marketcap, DeFiChain volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
DeFiChain Price Prediction 2022
According to our deep technical analysis on past price data of DFI, In 2022 the price of DeFiChain is predicted to reach at a minimum level of $4.99. The DFI price can reach a maximum level of $5.75 with the average trading price of $5.17.
DeFiChain Price Prediction 2023
The price of DeFiChain is predicted to reach at a minimum level of $7.18 in 2023. The DeFiChain price can reach a maximum level of $8.67 with the average price of $7.44 throughout 2023.
DFI Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of DeFiChain is predicted to reach at a minimum level of $10.23. The DFI price can reach a maximum level of $12.39 with the average trading price of $10.61.
The price of 1 DeFiChain is expected to reach at a minimum level of $14.84 in 2025. The DFI price can reach a maximum level of $18.10 with the average price of $15.26 throughout 2025.
DeFiChain Price Prediction 2026
DeFiChain price is forecast to reach a lowest possible level of $22.00 in 2026. As per our findings, the DFI price could reach a maximum possible level of $26.57 with the average forecast price of $22.61.
DeFiChain Price Prediction 2027
According to our deep technical analysis on past price data of DFI, In 2027 the price of DeFiChain is forecasted to be at around a minimum value of $30.78. The DeFiChain price value can reach a maximum of $38.00 with the average trading value of $31.91 in USD.
DeFiChain (DFI) Price Prediction 2028
The price of DeFiChain is predicted to reach at a minimum value of $45.67 in 2028. The DeFiChain price could reach a maximum value of $54.24 with the average trading price of $47.27 throughout 2028.
DeFiChain Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of DeFiChain is expected to reach at a minimum price value of $66.98. The DFI price can reach a maximum price value of $79.86 with the average value of $69.34.
DeFiChain (DFI) Price Prediction 2030
The price of DeFiChain is predicted to reach at a minimum value of $96.04 in 2030. The DeFiChain price could reach a maximum value of $116.05 with the average trading price of $98.81 throughout 2030.
DeFiChain Price Prediction 2031
DeFiChain price is forecast to reach a lowest possible level of $141.02 in 2031. As per our findings, the DFI price could reach a maximum possible level of $166.02 with the average forecast price of $144.97.
What Makes DeFiChain Unique?
There are two towering blockchains in the crypto industry: Bitcoin (BTC) and Ethereum (ETH), both of which have inspired the emergence of decentralized finance. However, these early innovations have their limitations: Bitcoin has a long-standing reputation for security, yet can only support basic BTC transactions. As for Ethereum, developers can create applications to perform more complex transactions, yet the network has problems with scalability.
This is where DeFiChain (DFI) comes in, aiming to tackle challenges like scalability, security and fair governance. The solutions it proposes are as follows:
- Building a blockchain platform for DeFi use cases, which is based upon Bitcoin in order to ensure a high level of security.
- Using a hybrid proof of stake (PoS)-proof of work (PoW) consensus mechanism for network operation.
The benefits of DeFiChain therefore include:
- Supporting a wide range of cryptoeconomic financial transactions.
- Offering high throughput for all transactions.
- Achieving a high level of security through its hybrid consensus mechanism and the fact that transactions are non-Turing complete.
- Offering developers the ability to create DeFi apps on one chain.
- Providing a reliable and decentralized governance system.
How Many DeFiChain (DFI) Coins Are There in Circulation?
DeFiChain (DFI) is the native unit of account for the DeFiChain platform. The token is utilized both as payment for transaction fees and as a governance tool (i.e., token holders can vote on ecosystem improvements). On top of this, DFI can be used as collateral to borrow other crypto assets.
DFI has a capped supply of 1.2 billion coins. 49% of the total supply was transferred to the DeFiChain Fund and the remaining 51% has been issued to masternode holders (over time). The project didn’t participate in ICO or initial exchange offering (IEO) events and the DeFiChain team did not conduct any sales rounds.
How Is the DeFiChain Network Secured?
The DeFiChain (DFI) smart contract programming language is considered a safe option because it’s non-Turing complete. In addition, DeFiChain is tied to Bitcoin (BTC) for security reasons: every few minutes DeFiChain takes cryptographic snapshots of the current state of the network and stores it on the Bitcoin blockchain (the action resembles a backup).
In September 2020, DeFiChain smart contracts were audited by SlowMist and in October of that year by KnownSec. No vulnerabilities were found.
DeFiChain’s final layer of security is its hybrid PoW-PoS consensus mechanism, which takes advantage of the best aspects of each.
Where Can You Buy DeFiChain (DFI)?
DeFiChain (DFI) is listed on major cryptocurrency trading platforms like Bittrex. Other options for buying DFI include KuCoin, Uniswap (V2), DeFiChain DEX, Hotbit, LATOKEN and Bitrue.
Another way to get DFI tokens is direct purchase via the Cake DeFi platform. However, prices can be slightly higher there than on crypto exchanges.