TrueFi (TRU) price has declined today.
The price of TrueFi (TRU) is $0.057261876935 today with a 24-hour trading volume of $5,399,814.94. This represents a -2.70% price decline in the last 24 hours and a -2.30% price decline in the past 7 days. With a circulating supply of 1.1 Billion TRU, TrueFi is valued at a market cap of $61,379,963.
What is TrueFi?
It is a DeFi uncollateralized lending protocol developed by the TrustToken team. Lenders can borrow cryptocurrencies with predictable loan rates without the need to pledge collaterals like Aave, Compound, and Venus. In the long term, TrueFi aims to become a market-driven, automated credit rating and lending system. This will demand building beyond the rigid, conservative constraints such as minimum/maximum APY and high TRU participation factor. It will also require increased levels of responsibility from users, especially for onboarding new borrowers beyond the pre-approved whitelist and approving new loan types.
What is the TRU token?
TRU is the native token for the TrueFi protocol that is used for governance and staking.
What is the vision of the TrueFi protocol?
TrueFi’s goal is to become the ultimate protocol for uncollateralized lending. To get there, TrueFi must advance in four key ways:
- Expand the set of borrowers
- Expand the types of loans
- Improve the efficiency of the Credit Prediction Market
- Progressively decentralize, to put these types of decisions into the hands of TrueFi users
Where can you buy TrueFi?
TRU tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade TrueFi is BingX, where the most active trading pair TRU/USDT has a trading volume of $263,843.95 in the last 24 hours. Other popular options include Binance and Bitget.
What is the daily trading volume of TrueFi (TRU)?
The trading volume of TrueFi (TRU) is $5,394,157.93 in the last 24 hours, representing a 13.20% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for TrueFi (TRU)?
The highest price paid for TrueFi (TRU) is $1.02, which was recorded on Aug 12, 2021 (over 2 years). Comparatively, the current price is -94.30% lower than the all-time high price.
What is the all-time low for TrueFi (TRU)?
The lowest price paid for TrueFi (TRU) is $0.026383309167, which was recorded on Dec 23, 2022 (12 months). Comparatively, the current price is 118.70% higher than the all-time low price.
What is the market cap of TrueFi (TRU)?
Market capitalization of TrueFi (TRU) is $61,379,963 and is ranked #466 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TRU tokens (1.1 Billion tokens are tradable on the market today).
What is the fully diluted valuation of TrueFi (TRU)?
The fully diluted valuation (FDV) of TrueFi (TRU) is $68,760,771. This is a statistical representation of the maximum market cap, assuming the maximum number of 1.2 Billion TRU tokens are in circulation today. Depending on how the emission schedule of TRU tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of TrueFi compare against its peers?
With a price decline of -2.30% in the last 7 days, TrueFi (TRU) is underperforming the global cryptocurrency market which is up 7.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of TrueFi today?
The community is bullish as more than 75% of users are feeling good about TrueFi (TRU) today.
How to add TrueFi (TRU) to MetaMask?
Adding TrueFi (TRU) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import TRU as a token. You can copy TRU’s contract address (0x4c19596f5aaff459fa38b0f7ed92f11ae6543784) and import it manually, or if you've installed MetaMask's chrome extension, add TRU to MetaMask with one click on CoinGecko.
Add TRU to MetaMask.