Centrifuge (CFG) currently has a price of £0.50 and is up 0.89% over the last 24 hours. The cryptocurrency is ranked 217 with a market cap of £234.5M. Over the last 24 hours, it saw £705K of trading volume. The token has a circulating supply of 473.2M tokens out of a total supply of 526.2M tokens.
Centrifuge is a decentralized platform designed to bring real-world assets to the DeFi (Decentralized Finance) ecosystem. The platform allows users to tokenize real-world assets, such as invoices or real estate, turning them into NFTs (Non-Fungible Tokens) that can be used as collateral for loans or other financial products within the DeFi space. Centrifuge utilizes its native token, RAD, for governance and other protocol-related activities, enabling a bridge between traditional finance and the world of decentralized finance, thus expanding the range of assets that can be leveraged in the DeFi sector.
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