Bonfida
Current price
$0.0185
−6.84%24h
LiveUpdated 34s ago
TodayBonfida drops 6.8%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.64%
- 24 hours−6.84%
- 7 days−13.98%
- 30 days−3.28%
- 1 year−69.49%
Bonfida's move in context
Lagging the market today
−6.84% today against −3.26% for the market as a whole, a gap of 3.6 points. A gap this wide suggests something specific to Bonfida may be moving it, not just the market mood.
Part of a slide
−14.0% over 7 days and −3.3% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Bonfida
Overview
Bonfida is a cryptocurrency platform designed to enhance the decentralized finance (DeFi) ecosystem by bridging the gap between traditional financial markets and blockchain technology. Its core mission is to facilitate efficient trading and provide advanced tools and analytics for users in the crypto space. Bonfida stands out due to its user-friendly interface, deep liquidity pools, and innovative trading features, making it an attractive option for both retail and institutional investors. Its commitment to security, transparency, and decentralization underscores its goal of creating an inclusive financial system that benefits a diverse range of users.
Technical Features
Bonfida is built on the Solana blockchain, known for its high throughput and low transaction costs. It employs a unique proof-of-history (PoH) consensus mechanism that enhances security and scalability, allowing the network to process thousands of transactions per second. The architecture of Bonfida is designed to support various decentralized applications (dApps) and services, leveraging Solana's capabilities. Additionally, Bonfida incorporates automated market-making (AMM) protocols and advanced algorithmic trading features, which provide users with optimal pricing and execution for their trades. The platform also utilizes order books paired with liquidity pools, an approach that combines the benefits of traditional exchanges with the efficiencies of DeFi protocols.
Use Cases
Bonfida boasts a rich array of use cases, primarily focusing on trading and analytics in the blockchain space. It plays an integral role in decentralized finance by allowing users to trade assets directly from their wallets without relying on a centralized authority. The platform also facilitates governance through its native token, enabling users to participate in decision-making processes regarding upgrades and modifications to the ecosystem. Other significant applications include NFT trading and token minting, enabling artists and creators to tokenize their work and reach a global audience. Moreover, Bonfida supports cross-border payments, offering a faster and more cost-effective solution compared to traditional banking methods.
Development Background
Bonfida was co-founded by a team of experienced developers and finance professionals who recognized the potential of integrating advanced trading systems with blockchain technology. Launched in 2020, the platform quickly gained traction due to its innovative features and commitment to maintaining transparency. Notable contributors to Bonfida include renowned individuals in the blockchain industry and partnerships with various DeFi projects, which have helped bolster its development and adoption. Since its inception, Bonfida has undergone significant upgrades, including enhanced security measures and the introduction of new trading pairs and features that cater to the evolving needs of users.
Community and Ecosystem
The Bonfida ecosystem is bolstered by a vibrant and active community dedicated to fostering innovation within the platform. The community participates in governance through the Bonfida token, contributing ideas and feedback to shape the future direction of the project. Partnerships with established entities across the blockchain space have broadened Bonfida's reach and influence, creating a collaborative environment that encourages the development of new applications and services. The platform also hosts several projects focused on leveraging its technology for varied use cases, ensuring a diverse and dynamic ecosystem.
Future Potential
The future potential of Bonfida is substantial, given its robust technology and expanding use cases. With plans to enhance the platform's scalability and introduce additional features, Bonfida aims to solidify its position as a leader in the DeFi space. Upcoming developments include improved liquidity solutions, new trading functionalities, and collaborations with other DeFi projects to enhance interoperability and user experience. As the demand for decentralized trading solutions increases, Bonfida's innovative approach positions it well to capture a significant share of the market, paving the way for long-term growth and sustainability.
Bonfida market
- Position by market cap among the coins we track.
- #330
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $18.52M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0183High $0.0202
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $18.77
- Now 0% of itReached 3 Nov 2021 · Needs +101,250% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1B FIDA
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 1B FIDA
- The most coins that can ever exist. Some coins have no limit.
Bonfida converter
1 Bonfida = $0.0185
