About Efinity Token
Efinity is an blockchain for non-fungible tokens (NFTs) developed by Enjin. Enjin pioneered the NFT industry in 2017, authoring ERC-1155, the groundbreaking NFT token standard, and launching the first NFT creation platform. Efinity is the world’s cross-chain NFT blockchain. Powered by the deflationary Efinity Token (EFI), the network is environmentally friendly, scalable, and built for games, apps, enterprises, and creators to deliver their own non-fungible tokens to mainstream audiences. Built on Polkadot in partnership with Parity Technologies and the Web3 Foundation, Efinity is a new blockchain that's purpose-built for NFTs. It's a token highway designed to enable a specific kind of future—where NFTs are as widespread and easy to use as smartphones today. Featuring transaction fee delegation, smart contracts, fuel tanks, crafting, discrete accounts, instant swaps, native multisig, price discovery, cross-chain marketplaces, and a NFT launchpad. Efinity’s transactions are confirmed in 6 seconds and scale to 1000 TPS; in comparison, the Ethereum network currently runs at around 15 TPS. Efinity will enable NFTs to be utilized by virtually any industry, unlocking trillions of dollars in currently illiquid and unique real-world and digital assets. Efinity is developed as a parachain on Polkadot, the next-generation, fully decentralized network that is solving the largest issues facing blockchains today, including interoperability, scalability, speed, security, privacy, developability and governance. Efinity Token (EFI), Efinity’s deflationary token is designed for transaction fees, liquidity, and rewards. Featuring community governance for EFI holders to submit and vote on proposals to steer the future of the network. Efinity’s network fees, marketplace commissions, cross-chain bridging tolls, and smart contract fees will go towards yield that can be earned by staking and infusing Enjin Coin (ENJ) and participating in trading and discovering NFTs. ENJ is a critical part of the solution, allowing any user to nominate the most efficient collator nodes that run the Efinity blockchain. Additionally, EFI will be a core utility of NFT.io, a next generation multi-chain NFT launchpad and marketplace. Earned EFI will be required to farm exclusive NFTs and participate in the NFT.io ecosystem
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Market Stats
Market Cap
$9,264,472.91
94.32%
FDV
$213,184,332.53
Circulating Supply
86,915,138.614 EFI
Max Supply
2,000,000,000 EFI
Total Supply
2,000,000,000 EFI
Diluted Valuation
$433,606,237.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$540,251.00
155.1%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$3.10
Overall Price Change (1Y)
0.08%
Additional info about Efinity Token
Recent trends
The price of Efinity Token has increased by 0.01% in the last hour and decreased by 2.29% in the past 24 hours. Efinity Token’s price has also risen by 4.90% in the past week. The current price is $0.11 per EFI with a 24-hour trading volume of $540.25K. Currently, Efinity Token is valued at 96.56% below its all time high of $3.10. This all-time high was the highest price paid for Efinity Token since its launch. The current circulating supply of Efinity Token is 86,915,138.614 EFI which means that Efinity Token has as total market cap of $9,264,472.91.
Market details
EFI vs markets
↘ 15.42%
EFI vs BTC
↘ 26.54%
EFI vs ETH
↗ 94.83%
Tags
collectibles-nfts
gaming
metaverse
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x656C00e1BcD96f256F224AD9112FF426Ef053733 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.11 | ↘ 2.29% |
1 Day | $0.11 | ↘ 2.29% |
1 Week | $0.10 | ↗ 4.90% |
1 Month | $0.0876 | ↗ 21.67% |
1 Year | $0.0991 | ↗ 7.59% |
FAQ
Efinity is a blockchain built on the Polkadot network. According to the whitepaper, the developers of Efinity believe that a modern and developer-oriented (https://www.coinbase.com/learn/crypto-basics/what-are-nfts#:~:text=NFTs%20(or%20%E2%80%9Cnon%2Dfungible,worth%20exactly%20the%20same%20amount.&text=Each%20Beeple%20piece%20is%20paired,version%20is%20the%20real%20one.) experience is necessary for today’s digital space. Efinity aims to create a better infrastructure for its blockchain to address the issue of developer experience. Efinity proposes to create a network that would facilitate and host all NFTs.
The current blockchain network is fragmented by different competitors who strive to emerge dominant in the industry. The competition causes hindrance for the Metaverse to continue to grow. The Metaverse is a digital ecosystem that is created using virtual reality.
Consequently, Efinity seeks to become a hub for all NFTs and not be limited to a general blockchain. NFTs and other forms of token creation and transfers are the priority of the platform. On the other hand, transaction fees are kept in the background of the platform activities. By shifting the focus from transaction fees, users are offered a better experience without understanding the network mechanics. Efinity strives for more transactions to be completed by ensuring a better experience for the users.
Efinity Token (EFI) is the utility token that would propel the services and functions of the Efinity platform. Holders of EFI can participate in voting procedures regarding the governance of the platform. Furthermore, participating in community activity also incentivizes the user with token rewards. Efinity also aims to create an interactive community.
The various services and functions of Efinity would be priced as per their unique requirements. Users of the Efinity platform can also exchange EFI for any token or NFT that is bridged with Efinity. Efinity creates an ecosystem where external parties would also be encouraged to develop on the Efinity platform.
Moreover, Efinity would attempt to reduce friction while converting the tokens on the platform using the Para Swap application. Efinity seeks to create a space that uses Smart Contracts to ensure the platform's functionality generates utility.
The whitepaper of Efinity was released in 2021. Efinity was co-founded by Maxim Blagov and Witek Radomski, Oscar Franklin Tan, and Caleb Applegate. The total supply of EFI tokens is to be limited to two billion.
We update our Efinity Token to USD currency in real-time. Get the live price of Efinity Token on Coinbase.
The current market cap of Efinity Token is $9.26M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Efinity Token is $3.10. This all-time high is highest price paid for Efinity Token since it was launched.
Over the last 24 hours, the trading volume of Efinity Token is $540.25K.
Assets that have a similar market cap to Efinity Token include BlackFort Exchange Network, MAGA (magamemecoin.com), Stonks, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Efinity Token is 87 million.
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Social stats
Popularity in posts
#5794
Contributors
1
Posts
1
% About Efinity Token
0%
Hold times
0 days
X (Twitter)
100% bullish
Sentiment
0.0 ★
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.
Highlights
1 unique individuals are talking about Efinity Token and it is ranked #5,794 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Efinity Token has an average sentiment score of 0 out of 5. Finally, Efinity Token is becoming less newsworthy, with 0 news articles published about Efinity Token.
On Twitter, people are mostly bullish about Efinity Token. There were 100% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Efinity Token. 0% of tweets were neutral about Efinity Token. These sentiments are based on 1 tweets.
On Reddit, Efinity Token was mentioned in 0 Reddit posts and there were 0 comments about Efinity Token. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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.