Efinity

EFI Price

What is Efinity about?

Efinity is a blockchain specifically designed for non-fungible tokens (NFTs), developed by Enjin. It is the world’s first cross-chain NFT blockchain, powered by the deflationary Efinity Token (EFI). The network is environmentally friendly, scalable, and built to support games, apps, enterprises, and creators in delivering NFTs to mainstream audiences. Efinity is built on Polkadot in partnership with Parity Technologies and the Web3 Foundation, aiming to enable a future where NFTs are as widespread and easy to use as smartphones.

What makes Efinity unique?

Efinity stands out with its advanced features such as transaction fee delegation, smart contracts, fuel tanks, crafting, discrete accounts, instant swaps, native multisig, price discovery, cross-chain marketplaces, and a NFT launchpad. It offers fast transaction confirmations in 6 seconds and scales to 1000 transactions per second (TPS), significantly outperforming Ethereum’s current 15 TPS. Efinity is also a parachain on Polkadot, addressing key blockchain challenges like interoperability, scalability, and security.

What's the history of Efinity?

Enjin, the developer of Efinity, has been a pioneer in the NFT industry since 2017. Enjin authored the ERC-1155 token standard and launched the first NFT creation platform. Building on this expertise, Efinity was developed as a next-generation blockchain tailored for NFTs, leveraging Polkadot’s decentralized network to enhance scalability and interoperability.

What's next for Efinity?

Efinity aims to unlock trillions of dollars in currently illiquid assets by enabling NFTs to be utilized across virtually any industry. The network will continue to expand its capabilities, with EFI playing a core role in transaction fees, liquidity, and rewards. Community governance will allow EFI holders to shape the network’s future through proposals and voting.

What can Efinity be used for?

Efinity is designed to support a wide range of applications, including games, apps, enterprises, and creators. It enables the creation and management of NFTs, with features like cross-chain marketplaces and a NFT launchpad. Additionally, Efinity’s EFI token will be integral to NFT.io, a next-generation multi-chain NFT marketplace, where users can earn and farm exclusive NFTs. The platform also supports staking and yield generation through ENJ, further enhancing its utility and ecosystem.

Where can you buy Efinity?

EFI tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Efinity is Uniswap V3 (Ethereum), where the most active trading pair EFI/WETH has a trading volume of $1.18 in the last 24 hours.

What is the daily trading volume of Efinity (EFI)?

The trading volume of Efinity (EFI) is $1.13 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Efinity (EFI)?

Efinity (EFI) reached an all-time high of $3.15 and an all-time low of $0.003502. It’s now trading -99.80% below that peak and 44.60% above its lowest price.

What is the market cap of Efinity (EFI)?

Market capitalization of Efinity (EFI) is $172,117 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of EFI tokens (34 Million tokens are tradable on the market today).

What is the fully diluted valuation of Efinity (EFI)?

The fully diluted valuation (FDV) of Efinity (EFI) is $172,117. This is a statistical representation of the maximum market cap, assuming the maximum number of 2 Billion EFI tokens are in circulation today. Depending on how the emission schedule of EFI tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Efinity compare against its peers?

With a price increase of 0.00% in the last 7 days, Efinity (EFI) is underperforming the global cryptocurrency market which is up 9.40%, while underperforming when compared to similar CoinList Launchpad cryptocurrencies which are up 19.40%.

How to add Efinity (EFI) to MetaMask?

Adding Efinity (EFI) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import EFI as a token. You can copy EFI’s contract address (0x656c00e1bcd96f256f224ad9112ff426ef053733) and import it manually, or if you've installed MetaMask's chrome extension, add EFI to MetaMask with one click on CoinGecko.

Add EFI to MetaMask.