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BENQI is on the decline this week. ↘
The price of BENQI has increased by 0.53% in the last hour and decreased by 0.14% in the past 24 hours. BENQI’s price has also fallen by 10.26% in the past week. The current price is $0.0075 per QI with a 24-hour trading volume of $2.40M. Currently, BENQI is valued at 97.73% below its all time high of $0.33. This all-time high was the highest price paid for BENQI since its launch.
The current circulating supply of BENQI is 6,444,539,761 QI which means that BENQI has as total market cap of $47,938,590.20.
Market cap
$47,938,590.20
TVL
Not enough data
Popularity
#504
Circulating
$6,444,539,761.00
Max Supply
$7,200,000,000.00
Hold time
Not enough data
Volume (24h)
$2,404,548.49
↘ 19.28%
Volume (30D)
$94,365,246.68
Volume (7D)
$19,933,223.02
All time high
$0.33
Performance (1Y)
↘ 78.96%
Vs. Market (1Y)
↘ 78.97%
Vs. BTC (1Y)
↘ 82.16%
Vs. ETH (1Y)
↘ 58.35%
FDV
$53,558,184.49
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.
BENQI launched on Coinbase on January 20, 1970 at 7:40 AM
Networks
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 $47.94M. 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 $2.40M.
Assets that have a similar market cap to BENQI include DIA, Taraxa, Cobak Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BENQI is 6.4 billion.
BENQI ranks 194 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.
Date | Price | Change |
|---|---|---|
Today (March 14, 2025) | $0.0075 | -0.31% |
24 hours ago (March 13, 2025) | $0.0075 | -0.14% |
1 week ago (March 7, 2025) | $0.0083 | -10.26% |
1 month ago (February 14, 2025) | $0.0100 | -25.22% |
1 year ago | $0.0354 | -78.96% |
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Conversion Table
1 BENQI (QI) to Real (BRL)
R$0.0432
1 BENQI (QI) to Euro (EUR)
€0.0069
1 BENQI (QI) to Nigerian Naira (NGN)
NGN 11.57
188 unique individuals are talking about BENQI and it is ranked #401 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, BENQI has an average sentiment score of 4.2 out of 5. Finally, BENQI is becoming more newsworthy, with 0 news articles published about BENQI. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about BENQI. There were 38.6% of tweets with bullish sentiment compared to 1.86% of tweets with a bearish sentiment about BENQI. 59.53% of tweets were neutral about BENQI. These sentiments are based on 429 tweets.
On Reddit, BENQI was mentioned in 3 Reddit posts and there were 9 comments about BENQI. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Contributors
188 people
Posts
752 posts
Dominance
0.07%
Volume rank
#401
Average Sentiment
4.2 out of 5
Tweet Count
429 people
Sentiment
38.6%
Bullish
59.53%
Neutral
1.86%
Bearish
Messari • Jun 25, 24
QiDao Q1 2024 Brief
Despite facing setbacks from the Fantom bridge hack in mid-2023, QiDao's total value locked (TVL) grew 11% in Q1, rising over $3 million throughout the quarter. This growth was led by Polygon, where QiDao cleared all bad debt.
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Messari • Jun 13, 24
QiDao Q1 2024 Brief
Despite facing setbacks from the Fantom bridge hack in mid-2023, QiDao's total value locked (TVL) grew 11% in Q1, rising over $3 million throughout the quarter. This growth was led by Polygon, where QiDao cleared all bad debt.
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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.
