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.

Positive sentiment around potential US trade deals has fueled a sixth straight day of gains in risk-on assets. Bitcoin, boosted by this sentiment and its own drivers, such as strong ETF inflows and regulatory progress, has outperformed gold and equities, rising 14% over the past month and consolidating at $94K. Bitcoin’s implied volatility has decreased significantly, while realized volatility has stabilized above 30%, a level that’s been its floor for the past 18 months.

Please check out the report’s highlights.

Perp at months’ high; traders not yet all-in

After rallying from $75,000 to over $95,000 in early April, Bitcoin has traded sideways at around $94,000 this week. Open interest remains stable for April, near all-time highs at $8B, while trade volumes have decreased to $10B per day. Lower trade volumes correlate with lower realized volatility, and perp positioning suggests that traders are waiting for another rally before committing to major positions, mindful of recent sell-offs.

Bitcoin volatility declines to 18-month low

Bitcoin’s volatility has declined, nearing a previously held floor of 35–40%, a level from which it has consistently rebounded over the past 18 months. Implied volatility has followed a 10-point drop in realized volatility to just above 30%, the floor of its 18-month range. Options activity shows a preference for puts, as BTC’s spot price is remaining stable. Volatility smile skews favor out-of-the-money calls, particularly for long-term options, while short-term options are nearly neutral.

BTC volatility smiles skew toward OTM calls

Bitcoin's volatility smiles now favor out-of-the-money (OTM) calls across all tenors, recovering from a put-call skew that strongly favored puts earlier in April. Ether is showing a similar recovery at short tenors, but longer-term skew remains slightly bearish. While ETH funding rates are positive, longer-term option smiles are skewing toward puts, thus presenting mixed sentiment. For BTC, derivatives markets are indicating clearer bullish signals, including positive funding rate spikes, positively sloped futures yields and a skew toward OTM calls.

Advanced

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Bybit X Block Scholes crypto derivatives analytics report (Apr 30, 2025): Bitcoin volatility at 18-month low; data shows traders aren’t yet all-in

Grayscale has launched the Bitcoin Adopters ETF, which tracks companies with a corporate Bitcoin treasury strategy. 

Daily top performer — Curve Finance (CRV)

The S&P 500 rose 0.15% as investors shrugged off recession fears and reacted positively to strong tech earnings, with focus now shifting to upcoming Apple and Amazon results. Gold dropped to $3,245 on US-China trade optimism and a stronger dollar, with Fed rate cut hopes cushioning losses. The Coindesk Indices, which tracks the broader crypto market, fell 0.51%, with Bitcoin and Ether down 1.24% and 0.86%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is CRV, which surged 11.4% after Spark's integration of new Curve pools, enhancing stablecoin liquidity and improving DeFi infrastructure.

Curve Finance (CRV), launched in 2020, is a DEX on Ethereum for low-fee swaps between stablecoins and similar assets, with yield-earning pools and DAO governance via the CRV token. Spark has 

 sUSDS/USDT and USDC/USDT Curve pools to its Spark Liquidity Layer (SLL), boosting stablecoin liquidity, enabling easier swaps, and supporting future direct USDT deposits and withdrawals via Spark Savings.

Check out the latest prices, charts, and data of 

 the Bitcoin Adopters ETF, which tracks companies with a corporate Bitcoin treasury strategy. The ETF includes firms like Tesla, Blockstream, and MARA. It reflects the growing trend of companies acquiring Bitcoin as a hedge against inflation. Grayscale's fund aims to provide exposure to companies in sectors like mining, automotive, and energy. Institutional BTC adoption, including Michael Saylor's Strategy, is driving Bitcoin's scarcity, which may lead to a supply crunch and rising Bitcoin prices in the future.

Yesterday, BTC spot ETFs saw $323.3M in outflows, with $32M from GBTC and $291.3M from other ETFs.

 its largest Galxe points event, running from May 4–8, 2025, where users can complete tasks to earn points. They also introduced the AlphaWave competition, a 7-day AI trading contest featuring 25 crypto agents. Users can vote for the agent they think will win to earn rewards and complete Galxe quests. New tasks will be added throughout the week.

Beginner

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Grayscale launches Bitcoin Adopters ETF, tracking companies with BTC treasury strategies

Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

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What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

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7 top Sui meme coins to pay attention to in 2025

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.

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