What is Dfyn Network (DFYN)?
DFYN is the native token of Dfyn Network, which is an AMM-based decentralized exchange (DEX). As the platform's nodes are spread across multiple Layer 1 and Layer 2 chains, it allows users to make cross-chain swaps. Though note that, primarily, it was launched on Polygon.
Check out the Dfyn Network price chart above. You can find all DFYN price changes on it.
Since Dfyn Network operates cross-chain, it takes liquidity from various chains. Besides, it also employs Router Protocol's XCLP (Cross-chain Liquidity Protocol).
Talking about Dfyn's AMMs, they provide users with gas-free and extremely fast transactions through all supported chains. Also, the platform has a customizable market-making toolkit called "Intelligent Market Making," which solves issues that many AMMs face.
Apart from being a DEX, the Dfyn Network also provides users with a Layer 2 technical launchpad. It allows the implementation of Layer 2 IDO tactics, launching new tokens, staking Dfyn contracts, and creating codeless farming and vesting activities. Additionally, there's the Dfyn Noderunner, which allows users to launch Dfyn nodes on various chains and earn passive income from fee collection.
Use Cases of DFYN Tokens
DFYN is the native utility token of the Dfyn Network. It has two main use cases – governance and rewards.
In terms of governance, Dfyn Network coin holders have the right to vote on various proposals concerning the future of the project.
Concerning rewards, liquidity providers are rewarded in DFYN tokens based on their contribution. The rewards are distributed from Dfyn Network's fees. The fee taken by the platform is 0.3%, while 0.25% of this fee is distributed as liquidity provider rewards.
If you plan to buy Dfyn Network tokens, make sure to make a thorough DFYN price analysis. Use the Dfyn Network price chart above.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
222
0.44%
Following
6
0.00%
Posts count
7
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
-
Subreddit type
-
Moderators
-
Currently, official Dfyn Network (DFYN) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
4.33K
Members: 4,335
0.44%
Title
Dfyn_HQ
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
43 / 100
2.27%
Ahrefs Rank
1,038,868
4.48%
Organic Traffic (mo.)
131
8.39%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
18
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
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Dfyn Network hot topics
Currently, official Dfyn Network Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@_DFyn posts