Centrifuge (CFG) currently has a price of $0.61 and is down -4.014% over the last 24 hours. The cryptocurrency is ranked 609 with a market cap of $41.6M. Over the last 24 hours, it saw $991K of trading volume. The token has a circulating supply of 58.1M tokens out of a total supply of 0 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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