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- Derify Protocol
| Token | Price $ | Age | TVL | MKT CAP | TXNS | Vol | 5m | 1h | 4h | 24h | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | $0.002849 | 700 days 10 hr 32 min | $12K | $284.3K | 0 | <$1 | 0% | 0% | 0% | 0% | ||
What is Derify Protocol (DRF)?
Derify Protocol is a pioneering decentralized derivative trading platform that has gained attention for its innovative approach to trading and liquidity provision. At the heart of this protocol is the DRF token, which serves multiple purposes within the ecosystem, enhancing user engagement and governance. Derify Protocol allows traders to engage in derivative trading with leverage, offering up to 10x leverage on various exchanges. This capability empowers users to maximize their trading strategies by providing them with the tools necessary to create a wide range of derivatives. The protocol supports all types of derivatives, making it versatile for different trading needs. One of the standout features of Derify is its implementation of Hedged Automated Market Making (hAMM), which optimizes liquidity provision while minimizing risks associated with market volatility. This mechanism ensures that users can trade derivatives efficiently and securely. The DRF token plays a crucial role in the Derify ecosystem. It is utilized for governance, allowing token holders to participate in decision-making processes regarding protocol upgrades and changes. Additionally, DRF can be staked to earn eDRF, which qualifies users to act as brokers within the platform.
Derify Protocol (DRF) price statistics
As of January 2, 2025, the current price of the DRF token on DEX markets is $0.002854, with a total DEX liquidity TVL of $0.02677. The DRF token trades on 1 blockchains and 5 DEX (decentralized exchanges). The total DEX trading history for the last 24 hours includes 2 trades (TXNS) with a trading volume of $0.00.
Frequently Asked Questions
What is the DEX daily trading volume of Derify Protocol (DRF)?
The total 24-hours trading volume on all DEX exchanges for DRF token is $0.00.
What is the DEX TVL (Total Value Locked) of Derify Protocol (DRF)?
The total DEX TVL of Derify Protocol (DRF) is $12,433.29 in the last 24 hours.
What blockchain is the token DRF launched on?
The Derify Protocol DRF token is launched on the BNB Chain.
What is the exchange rate of 1 USD to DRF?
DEX exchange rate of 1 DRF to USD is $0.002834 as of 11:04 PM UTC.
How much DRF can I purchase with 1 USD?
Based on DEX current exchange rate, you can buy 352.73613269328564 DRF for 1 USD.
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