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How to Buy BENQI
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About BENQI
QI is the governance token of Benqi, a DeFi protocol on Avalanche. Benqi features liquid staking support using tokenized staked AVAX. Benqi also features a liquidity market that allows users to lend and borrow tokens.
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6/12/2025, 4:11:49 AM
Trading Insights
Buyer Ratio
37%0%
Traders
46
-26.98%
Buyers
17
-43.33%
Sellers
30
-14.29%
Searched
24
Market Stats
Market Cap
$54.76M
-4.98%
FDV
$57.36M
Circ. Supply
6.9B QI
Max Supply
7.2B QI
Total Supply
7.2B QI
Diluted Valuation
$57.33M
Performance
Popularity
#520
Dominance
0%
Volume (24H)
$1.56M
-34.28%
Volume (7D)
$12.99M
Volume (30D)
$65.17M
All time high
$0.33
Price Change (1Y)
-53.29%
Additional info about BENQI
Recent trends
The latest QI price is $0.0080. Compared to BENQI's value of $0.01 from 24 hours ago, there's been a -5% decrease, while the current price is 1% up from $0.01 which was recorded one week ago. BENQI's all time high is $0.33, which was reached on August 25, 2021. This is a -98% change from its price today.
The current circulating supply of BENQI is 6,873,689,713. This is 95% of its max supply of 7,200,000,000 QI and 95% of its total supply of 7,200,000,000. The market cap is currently $54.76M, which is a result of multiplying the current price of BENQI($0.01) by the total supply(7,200,000,000 QI). The fully diluted valuation of BENQI is $57.36M. The diluted valuation of BENQI is $57.36M.
Market details
QI vs markets
↘ 67.03%
QI vs BTC
↘ 71.1%
QI vs ETH
↘ 41.4%
Tags
defi
binance-launchpool
lending-borowing
spartan-group
+1
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0x8729438EB15e2C8B576fCc6AeCdA6A148776C0F5 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0080 | ↘ 4.85% |
1 Day | $0.0084 | ↘ 4.85% |
1 Week | $0.0079 | ↗ 0.64% |
1 Month | $0.0095 | ↘ 16.33% |
1 Year | $0.0171 | ↘ 53.29% |
FAQ
BENQI (QI) is a decentralized liquidity market and liquid staking protocol that operates on the Avalanche smart contract network. It provides a platform for users to lend, borrow, and potentially earn market yields using their digital assets. Additionally, BENQI aims to enhance capital efficiency by enabling users to unlock their staked AVAX for use on decentralized financial protocols. The protocol was developed by Rome Blockchain Labs Inc., a software development firm with a focus on decentralized finance (DeFi). BENQI was launched in 2021 and has been striving to provide an alternative to Ethereum users that is potentially less expensive and faster.
BENQI operates by providing a platform for users to lend and borrow digital assets. Users can supply liquidity to the shared market and borrow from it using their supplied assets as collateral. The protocol also offers a liquid staking solution that tokenizes staked AVAX, giving users the ability to use, swap, or collateralize the yield-bearing asset within decentralized finance applications. BENQI's interest rate models dynamically adjust the interest rates of each asset market depending on the utilization rate, with the aim of ensuring healthy levels of available liquidity. The protocol also includes a governance mechanism, where QI token holders can vote on proposals affecting the protocol's key parameters.
BENQI aims to provide a platform for users to lend, borrow, and potentially earn market yields with their digital assets. It also seeks to offer a solution for capital efficiency by allowing users to unlock their staked AVAX for use on decentralized financial protocols. Developers can use BENQI to create financial products using the protocol and governance tokens. BENQI also aims to provide an alternative to Ethereum users that is potentially less expensive and faster, with the intention of easing the overloading of the Ethereum network. Furthermore, BENQI's governance mechanism allows QI token holders to participate in the development of the project, initiate proposals, and vote on issues.
BENQI was founded in 2021 by Rome Blockchain Labs Inc., a software development firm with a focus on decentralized finance (DeFi). The founding team includes JD Gagnon, Hannu Kuusi, and Alexander Shul. Prior to Rome Blockchain Labs, Gagnon created the Velox algorithmic trading platform and is also the founder and CEO of Scotch & Ramen Media, Inc. Kuusi has experience building institutional-grade infrastructure for financial technology and military applications, while Shul manages the development of the BENQI liquidity market platform. The protocol launched its own QI token on April 28, 2021, with a total supply set at 7,200,000,000 tokens.
We update our BENQI to USD currency in real-time. Get the live price of BENQI on Coinbase.
The current market cap of BENQI is $54.76M. A high market cap implies that the asset is highly valued by the market.
The all-time high of BENQI is $0.33. This all-time high is highest price paid for BENQI since it was launched.
Over the last 24 hours, the trading volume of BENQI is $1.56M.
Assets that have a similar market cap to BENQI include PinLink, Rootstock Infrastructure Framework, Fwog (SOL), and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BENQI is 6.9 billion.
BENQI ranks 197 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 67% of Coinbase users are buying BENQI. In other words, 67% of Coinbase customers have increased their net position in BENQI over the past 24 hours through trading.
Yes, BENQI is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy BENQI guide.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.