With Deri, users are able to trade risk exposure precisely and capital-efficiently. In short, derivatives trading is done in a DeFi way: hedges, speculation, arbitrage, all on chain. As part of the Deri protocol, risks are tokenized in NFTs that can be imported into other DeFi implementations for their own financial purposes. Deri protocol has been hailed as one of the most important blocks of DeFi infrastructure for its ability to accommodate risks through an on-chain mechanism.
Deri Protocol Price Analysis
As of November 24 2024 Deri Protocol has a marketcap of $1.1M.
This is {{percentagefromath}} from its all time high of $3.77.
In terms of its tokenomics, there's a total supply of 486M with 27% currently outstanding.
Keep in mind Deri Protocol has a fully diluted value of $3.9M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
