1H
-0.04%$0.0000
24H
0.03%$0.0000
7D
-4.07%$0.0001
30D
-35.2%$0.0010
BENQI is a decentralized non-custodial liquidity market protocol built on the high-speed Avalanche smart contract network. The protocol allows users to lend, borrow, or earn interest using their digital assets.
The team chose Avalanche because of its decentralized network’s claimed high scalability, low fees and compatibility with popular plugin wallets. One of the goals of BENQI is to become a cross-chain hub, connecting Ethereum, Polkadot and Binance Smart Chain (BSC) through the Avalanche subnets.
BENQI was founded in 2021 with $6 million in backing. Among its strategic investors are Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Ava Labs, Morningstar Ventures, GBV Capital, Skynet Trading Ltd, Rarestone Capital, Genblock Capital, Moon Inc.
Over the past two years, Solana’s ecosystem has become one of the largest hubs for meme coin experimentation, with the network’s meme market capitalization now exceeding $10 billion.
Kalshi, a federally regulated prediction market, faces both opportunities and legal hurdles as it reshapes how users trade on real-world events in the U.S.