Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

Bybit Learn

DeFi

DeFiChain is a software platform designed to support DeFi services and reduce transaction fees. Find out more about how it works in this article.

Among the most important developments in the cryptocurrency industry is 

 (DeFi), which is based on the same technology used for cryptocurrencies. As a secure distributed ledger, decentralized finance accommodates secure and transparent transactions. Over the past two years, the DeFi industry has become increasingly popular, and shows no signs of slowing down.

 technology, the most important issues that have been identified are 

 has been designed to fix these issues and to improve DeFi functionality. Here's a comprehensive and detailed overview of DeFiChain and its many features.

DeFiChain is a popular software platform that was designed to support decentralized financial services, which include everything from borrowing to investing. The goal of DeFiChain is to be accessible and transparent while providing fast transactions.

The primary difference between a standard banking network and DeFiChain is that the DeFiChain platform is fully decentralized. Because of how this platform is designed, anyone is able to participate in the network's protocol with their private digital devices. Any individual who runs the protocol is directly supporting the entire network, which allows participating individuals to earn DFI currency.

DeFiChain was created to give people full control over their own finances, which simply isn't possible with traditional banking. The purpose of the DeFiChain platform is to provide individuals with full access to DeFi services by placing complete DeFi functionality onto 

Back in 2019, the primary team behind DeFiChain created a document which identified the main challenges that occur when attempting to grow the DeFi ecosystem.

. The DeFiChain platform believes that it's possible for crypto users to easily complete financial transactions in a manner that's fast, secure and decentralized. DeFiChain was also developed to help reduce transaction fees when using the Bitcoin network and similar blockchain networks.

The primary functions available through DeFiChain extend to 

 with commodities and equities, non-collateralized debt and transferable debt.

DeFiChain is considered to be a decentralized blockchain platform with transparent financial products and services. It's a secure blockchain that focuses on bringing DeFi to Bitcoin. Because Bitcoin continues to be the crypto project with the most liquidity, getting DeFi onto its platform can be highly beneficial.

This ecosystem uses a hybrid consensus mechanism that combines 

 (PoW), making DeFiChain highly accessible for people who wish to contribute to the protocol.

Another benefit of this ecosystem is that it can take advantage of the increased security that the Bitcoin platform provides. Because of how DefiChain is designed, users benefit from 

This particular ecosystem provides support for a range of wrapped tokens, which extend to tokenized versions of 

, BTC and ETH. Whether you use a mobile or desktop 

, your tokens can be traded via decentralized exchanges with the addition of liquidity mining incentives. DeFiChain is also used for 

The infrastructure that this ecosystem is built on has been directly integrated with the 

 platform, which makes it easy to earn passive income with your crypto investments. The DeFiChain token is known as DFI.

A primary benefit of the DeFiChain ecosystem is that it's built directly on top of Bitcoin. One key challenge with any new blockchains is making sure it remains unaltered after large numbers of users and blocks are added to it.

DeFiChain has designed a secure blockchain by anchoring the ecosystem to the Bitcoin blockchain. After several minutes, DeFiChain automatically saves the latest 

 to Bitcoin, which is similar to the manner in which the 

 smart contract platform intends to connect with Bitcoin.

By implementing this technique, the latest chain is always immutable and secure. The anchoring mechanism allows the ecosystem to benefit from increased defense against vulnerabilities, such as attacks and hackers, that create issues with emerging blockchains.

Even though DeFiChain benefits from being anchored to Bitcoin, it has its own set of functions and consensus mechanism — which means that Bitcoin can benefit from certain features and characteristics that have yet to be added to its blockchain.

While DeFiChain can still add functionality, it focuses on simplicity, security and rapid throughput. The main advantages that DeFiChain gains from pairing with Bitcoin include Bitcoin's high 

 and ample security. The DeFiChain ecosystem has much lower fees and is exceedingly quick when compared to blockchains like the Ethereum blockchain.

DeFiChain is packed with features for users to take advantage of. They include everything from collateral tokens and decentralized loans to a robust governance system.

Hybrid Proof of Work/Proof of Stake Consensus

DeFiChain uses a fully decentralized consensus mechanism that combines PoW with PoS. The benefits of this solution include:

This isn't considered to be a general purpose blockchain, which means that only commands that are part of the primary set of functions are supported. By reducing the number of commands that can be implemented, it's more difficult for hackers to breach the ecosystem. You can be confident that your crypto assets are safe when using DeFiChain.

The smart contract functionality that this ecosystem consists of is known to be more effective since it's non–Turing-complete. While DeFiChain isn't the first project to use this type of smart contract security, it has yet to be widely adopted despite the many benefits it provides. Because of this capability, all DeFi transactions are completed quickly and come with reduced gas rates, as well as a lower risk of error.

Immutability means that a blockchain’s ledger is an unalterable and permanent history of transactions. By placing DeFiChain on top of Bitcoin, an extra layer of security is created, in addition to adding immutability. As touched upon previously, the latest chain is secure and immutable. It's also possible to check the chain against a record that's present on Bitcoin. Since this ecosystem is anchored to Bitcoin, it has had immutable records from the second it was placed online.

While a small number of new blockchains have been able to increase the quality of their immutability, they do so by reducing decentralization.

For instance, the blockchain might only allow delegated stakers who are personally chosen by the chain's founders, which contradicts the decentralized nature of blockchain. DeFiChain focuses on anchoring a block to the Bitcoin blockchain after several blocks, which increases the platform's immutability without reducing decentralization.

So far, Ethereum has been the primary platform of choice because of its DeFi capabilities. However, some DeFi applications have undergone hacks because attackers were able to identify a bug or loophole in the platform's smart contracts. Because of how smart contracts work on DeFiChain, it's a better option for security purposes.

An additional layer of security is also provided by Bitcoin. While Bitcoin doesn't have the transaction speeds that the majority of DeFi applications require, it's a more secure blockchain than most other platforms and will keep your crypto assets and transactions safe.

This ecosystem will take a "snapshot" of the platform's current state, after which the snapshot is saved on Bitcoin, a process referred to as anchoring. Anchoring increases security. Even more security is added through the strength of the hybrid PoW/PoS consensus mechanism.

 system is necessary for any platform that wants to maintain relevance in the future. Once this system is in place, it becomes easier to meet user demands. The majority of older blockchains like Ethereum and Bitcoin have a high amount of community involvement, which makes it possible for 

 to occur when changes are made to how the blockchain functions.

 experienced a hard fork, network developers made the decision to forego a focus on decentralization. Users who were against this move decided to commit to the hard fork, which resulted in a new currency, 

DeFiChain keeps hard forks at bay by providing stakeholders with the ability to vote on proposals and determine what the platform's road map will look like in the years to come. However, only investors who have at least 500 DFI in their mobile or desktop wallet can submit a proposal.

Each master node is considered to be a single vote. Master nodes hold at least 20,000 DFI. Voting takes place on 

 and occurs by placing a digital signature on a message. This signature is completely unique to each master node. Because of this governance system, any changes to the platform will occur based on voting from users and stakeholders.

DeFiChain focuses on providing developers with the ability to rapidly develop 

 (DApps). For instance, decentralized loans occur through collateralized systems and collateral tokens. The wrapping of tokens allows developers to work with a wide range of crypto assets on-chain. The inclusion of pricing oracles means that data can be easily collected from non-crypto markets and other blockchains. Additional features that support the rapid development of DApps include:

The decentralized wrapping of tokens lets DeFiChain use 

, Ether, Bitcoin or similar crypto assets. This feature allows digital assets to be used on different blockchains. The DeFiChain ecosystem offers a wrapping mechanism that lets the asset owner use the mechanism without needing to rely on a third party as guarantor. Users can then exchange wrapped tokens at their initial value. This feature is available as an incentive for crypto holders to make wrapped tokens via the DeFiChain network.

If wrapping weren’t available, crypto holders would have to convert their assets to the specific DeFi currency in order to use the services that the platform offers. If you've placed your crypto assets into Ethereum or Bitcoin, you shouldn't be forced to switch over to a completely different token just to perform transactions. This functionality allows you to use your current crypto holdings when making an investment in other financial vehicles.

Let's say that you currently hold Bitcoin, but would like to provide a loan to an individual who wants to borrow Ether. With wrapping technology, you can essentially convert your holdings to Ether to accommodate the user.

DeFiChain offers pricing oracles that can obtain data from other blockchains, which includes asset pricing. While the oracles are currently appointed and controlled by members of the DeFiChain Foundation, they are meant to be decentralized eventually.

The oracles will submit updated prices every 15 minutes and the aggregated price of a digital asset would be the weighted average of all active oracles’ prices, which can be viewed on 

. This built-in oracle functionality makes it easy for smart contracts to identify the total number of oracles, reward parameters and consensus percentage.

 functionality, which means that cryptocurrency swaps can be made in a peer-to-peer manner. Users are automatically matched for trades, which means that an exchange isn’t necessary in order to purchase and sell cryptocurrencies. The inclusion of this feature reduces the risks that naturally occur when using an exchange. Whether you use a mobile or desktop wallet, you can take advantage of this feature.

Decentralized lending provides groups and individuals with the ability to lend and borrow without bank intervention. Decentralized loans can be administered with the use of collateral tokens. In 2018 alone, decentralized lending via Ethereum involved more than $250 million in loans. It's also important to understand that previous decentralized systems were based solely on Ethereum, which meant that only around 15% of the total market was accommodated.

This particular platform accommodates the entire market by focusing on Bitcoin while also offering access to the rest of the market via wrapping and pooling. The main benefit of decentralized lending is that an intermediary is no longer necessary when administering loans.

There also isn't a possibility of a minimum or negative interest rate. With increased access to lending, the crypto economy should be able to grow. In addition, decentralized lending is completely collateralized. Since cryptocurrencies are inherently volatile, the majority of platforms require at least double the loan amount for collateral.

The DeFiChain platform works with transferable receivables and debts. When looking specifically at centralized finance, all receivables and debts are managed by the financial institution which provides the loans, which means that there's no transparency to transferable debts.

With DeFiChain, potential lenders can view a borrower's transferable receivables and debts, which fosters competition in the lending market. If one lender makes a poor offer with a high and unfair interest rate, another lender can look at an accurate assessment of the borrower's risk to provide a loan at more reasonable rates.

This term refers to a representation of a specific asset as an immutable token via the blockchain. Such an asset could be company equity or real estate, which is why many investors find asset tokenization to be integral to the future of cryptocurrencies. The majority of platforms that advertise asset tokenization don't actually provide complete functionality.

 offer asset tokenization, they use Turing-complete commands, which lead to far more complex and unnecessary smart contracts. Because of how DeFiChain works, tokenizing assets like real estate and company equity is simple.

 feature pairs DeFi with Bitcoin-level strength, immutability and security. DeFiChain focuses on accommodating transparent, fast and intelligent transactions that anyone can access.

, you gain access to noncustodial, lightweight wallets with access to a suite of features available through the platform. This wallet is designed with security and speed in mind.

 program offers up to $50,000 in DFI for identifying vulnerabilities on the platform. This reward is only available if the team behind DeFiChain believes that the bug is significant, and if you can provide information about how to reproduce or fix the problem.

DeFiChain’s native token, DFI, has a current price of $0.94, and a market cap of $482 million. DFI’s price has been largely consistent over the past two months with small periods of growth. 

 and the circulating supply approximately 510 million with a burn function that occurs automatically for transaction fees. To this date, the number of DFI tokens that have been burned is close to 310 million.

DFI can be used to pay fees for smart contracts and transactions on DeFiChain, and to vote on proposals in the governance system. By paying 100 DFI, users can create new tokens. After every coin has been minted, stakers will be rewarded with transaction fees.

DeFiChain has created a comprehensive road map with updates nearly every quarter. In 2021, it became a 100% carbon-neutral blockchain and introduced the DeFiScan feature in September of that year. In 2022, the platform has already added on-chain governance, a desktop wallet app and derivatives. Future updates for the remainder of 2022 are set to include support for the 

 and NFTs, and ledger support for the desktop wallet.

DFI can easily be purchased via a centralized exchange like Bybit, a DFI partner such as Cake DeFi, or the DeFiChain decentralized exchange. 

 or log in to your existing account. From here, enter DFI into the search bar at the top of the page. You'll then be able to create a buy order, where you can input the quantity of DFI you'd like to purchase.

Every crypto platform has its pros and cons. However, DeFiChain is one solution that has hardly any drawbacks. The platform is anchored to Bitcoin, which increases its security and ensures fast transactions. The DFI coin has remained stable over the past six months and can be bought on many different exchanges.

If you use this ecosystem, you'll have access to fantastic features that aren't widely available with other blockchain projects, including a hybrid PoS/PoW system, a governance mechanism and decentralized token wrapping.

If you're interested in making investments in DeFi projects, DeFiChain may be the way to go. The project's road map is ambitious and intends to add NFT support by the end of this year. As for the DFI token, it has stable tokenomics and can be easily purchased through Bybit.

DeFiChain (DFI): Providing Seamless Access to DeFi & DApps

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards