BiFi Price

BiFi is a decentralized finance (DeFi) cryptocurrency built on the Bifrost multi-chain technology. It aims to expand the DeFi ecosystem beyond Ethereum by directly connecting Bitcoin and other blockchain networks. BiFi offers lending services for ETH, USDT, and BTC, with plans to support more advanced derivative investment products in the future. Key features of BiFi: - Current price: $0.002084 - 24h trading volume: $14.82K - Market cap: $1.21M - Circulating supply: 584.85M BIFIF - Total supply: 998.2M BIFIF - All-time high: $0.2974 (August 19, 2021) - All-time low: $0.001152 (April 7, 2025) BiFi aims to provide more scalable and transparent DeFi services compared to other platforms. Its multi-chain approach allows for greater interoperability between different blockchain networks, potentially unlocking new opportunities in the DeFi space. As of 2025-08-10, BiFi ranks #2810 among all cryptocurrencies by market capitalization. The project continues to develop and expand its offerings, with a focus on creating innovative DeFi products and services for users across multiple blockchain ecosystems.

BiFi was created in January 2021. The project officially launched on January 2, 2021, marking the beginning of this decentralized finance (DeFi) platform built on Bifrost multi-chain technology. Since its inception, BiFi has aimed to expand the DeFi ecosystem beyond Ethereum by connecting Bitcoin and other blockchain networks. The project started offering lending services for ETH, USDT, and BTC, with plans to support more advanced derivative investment products in the future.

The founders of BiFi are not publicly disclosed. BiFi was developed by the Bifrost team, which is known for creating multi-chain DeFi solutions. The project launched in January 2021 as part of the Bifrost ecosystem, aiming to expand DeFi capabilities across different blockchain networks. While specific individuals are not named, the founding team has extensive experience in blockchain technology and decentralized finance. BiFi operates as a decentralized project, with its development and governance overseen by the broader Bifrost community rather than a small group of identifiable founders.

BiFi operates as a decentralized finance (DeFi) protocol built on the Bifrost multi-chain technology. It leverages this infrastructure to offer enhanced scalability and transparency compared to traditional DeFi services. BiFi connects Bitcoin and other blockchain networks directly, expanding the DeFi ecosystem beyond Ethereum's limitations. The platform provides lending services for ETH, USDT, and BTC, with plans to introduce more advanced derivative investment products in the future. BiFi aims to make DeFi more accessible and efficient by bridging multiple blockchains. The native token BIFIF is used for governance, staking, and accessing platform services. With a current price of $0.002084 and a market cap of $1.21M, BiFi is ranked 2810 among cryptocurrencies. The total supply is 998.2M BIFIF BIFIF, with 584.85M BIFIF in circulation. As the project continues to develop its cross-chain capabilities and expand its financial offerings, it has the potential to play a significant role in the evolving DeFi landscape.

BiFi utilizes a multi-chain architecture based on Bifrost technology. Key features include: 1. Cross-chain interoperability: Connects Bitcoin and other blockchains directly, expanding beyond Ethereum-based DeFi. 2. Scalability: The multi-chain design allows for greater transaction throughput and lower fees compared to single-chain solutions. 3. Smart contracts: Supports advanced DeFi functionalities like lending, borrowing, and derivatives across multiple chains. 4. Consensus mechanism: Likely uses a Proof-of-Stake variant for security and efficiency. 5. Token bridge: Enables seamless asset transfers between supported blockchains. 6. Governance: BIFIF token holders can participate in protocol decisions. 7. Liquidity pools: Facilitates decentralized trading and yield farming opportunities. 8. Oracle integration: Incorporates external data feeds for accurate pricing and risk management. This architecture aims to make BiFi more scalable, transparent, and versatile compared to traditional single-chain DeFi platforms, positioning it for potential growth in the evolving crypto ecosystem.

The future of BiFi looks promising. The project aims to expand its DeFi ecosystem and improve cross-chain interoperability. Key roadmap milestones include: 2025: Enhance lending services for ETH, USDT, and BTC 2026: Launch advanced derivative investment products 2027: Integrate with additional blockchain networks beyond Ethereum 2030: Develop new DeFi protocols to increase utility BiFi is focused on leveraging Bifrost multi-chain technology to make its services more scalable and transparent compared to other DeFi platforms. By directly connecting Bitcoin with other blockchain networks, BiFi aims to overcome current limitations in the Ethereum-centric DeFi space. Price predictions: 2026: $0.002532 2025 + 3: $0.003247 2030: $0.004598 2035: -- As BiFi expands its offerings and user base, its value is expected to grow. However, as with any cryptocurrency, price volatility should be anticipated.