Centrifuge Price

Centrifuge (CFG) is a cryptocurrency that powers the Centrifuge protocol, a decentralized platform focused on bringing real-world assets (RWAs) to blockchain technology. Currently ranked #406 with a price of $0.1761, CFG has seen a -0.44% change in the last 24 hours. Centrifuge enables users to tokenize real-world assets like invoices, mortgages, and loans, transforming them into NFTs that can be used as collateral in DeFi. The token serves multiple functions including governance, staking for network security, and transaction fee payments. With a market cap of $98.74M and a 24-hour trading volume of $392.05K, CFG has a circulating supply of 560.54M CFG out of a total supply of 566.96M CFG. The token operates across multiple ecosystems including Ethereum, Polkadot, and Moonbeam, making it versatile within the broader Web3 landscape.

Centrifuge (CFG) was created on August 28, 2020, when it was first listed on cryptocurrency tracking platforms. The token is built on the Ethereum platform and is part of the Polkadot ecosystem. It serves as the native token for the Centrifuge protocol, which focuses on bringing real-world assets to the blockchain. Since its launch, Centrifuge has developed into a significant project in the Real World Assets (RWA) sector, with a current market cap of $98.74M as of 2025-07-05.

Centrifuge was founded in 2017 by Lucas Vogelsang and Martin Quensel. Lucas Vogelsang serves as the CEO of Centrifuge and was the founding engineer. Before establishing Centrifuge, Vogelsang co-founded the e-commerce company DeinDeal in 2010 and later worked as a technical manager for Taulia in Silicon Valley. Together with Quensel, they created Centrifuge to bridge real-world assets with blockchain technology, focusing on the tokenization of financial assets.

Centrifuge operates as a decentralized finance (DeFi) protocol that bridges real-world assets (RWAs) with blockchain technology. The CFG token powers the entire ecosystem, serving multiple functions: 1. Governance: Token holders can vote on protocol upgrades and changes 2. Staking: Users can stake CFG to secure the network and earn rewards 3. Transaction fees: Used to pay for operations within the ecosystem The protocol uses smart contracts to tokenize real-world assets, creating liquidity for traditionally illiquid assets. Currently ranked #406 with a price of $0.1761, Centrifuge has seen -0.44% change in the last 24 hours. The total supply is 566.96M CFG with 560.54M CFG in circulation. Centrifuge's market cap stands at $98.74M, representing 100% of its fully diluted valuation of $96.48M. Centrifuge operates across multiple blockchains including Ethereum and Polkadot ecosystems, enhancing interoperability and expanding its use cases in the growing RWA tokenization market.

Centrifuge operates on a multi-layered technical architecture designed specifically for tokenizing real-world assets (RWAs). At its foundation, Centrifuge is built on Substrate framework, which enables it to function as a parachain within the Polkadot ecosystem. This architecture provides Centrifuge with scalability, interoperability, and security benefits. The protocol utilizes a hybrid consensus mechanism combining Proof-of-Stake elements with on-chain governance. Centrifuge's architecture includes specialized modules for asset origination, tokenization, and financing, with smart contracts handling the conversion of real-world assets into on-chain representations. Centrifuge's technical stack features cross-chain bridges that enable integration with Ethereum and other blockchain networks, allowing for broader DeFi compatibility. The system employs privacy-preserving technologies to maintain confidentiality of sensitive financial data while still enabling transparent verification. The architecture also includes a decentralized governance layer where CFG token holders can participate in protocol upgrades and parameter adjustments through on-chain voting mechanisms.

Centrifuge has a promising future with its focus on real-world asset tokenization. The roadmap includes expanding its ecosystem across Polkadot, Ethereum, and Sei networks while enhancing its RWA infrastructure. By 2026, Centrifuge plans to increase institutional partnerships and improve cross-chain liquidity. The team aims to develop more sophisticated financial products by 2027, potentially driving CFG price growth beyond $0.1761. With current market cap at $98.74M and 24h trading volume of $392.05K, Centrifuge shows steady development progress. The protocol's governance will become increasingly decentralized, with more community-driven initiatives expected by 2030. As real-world assets gain traction in DeFi, Centrifuge's utility and adoption are projected to strengthen its market position.