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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.

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Coin’s Details

  • Market Capitalization

    $70.45 M

  • Fully diluted valuation

    $861.84 M

  • Volume 24H

    $5.90 M

  • Circulating supply

    588 549 847

  • Total supply

    7 200 000 000

  • Circ. percent

    8.2%

  • All-time high

    $0.3900 (-69.8%)

  • All-time high date

    Aug 24th, 2021

  • All-time low

    $0.0489 (144%)

  • All-time low date

    Aug 20th, 2021

  • First announced

BENQI News