Hifi Finance: HIFI Token Trading Trends and Contract Data Analysis
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Hifi Finance: HIFI Token Trading Trends and Contract Data Analysis
HIFI token trading is active, ranking in the top five on Upbit by 24-hour trading volume, with significant growth in futures position data and a relatively high market capitalization share.
Navigating Web3 tides with focused insightsAuthor: LD Capital
Project Overview
Hifi Finance is an Ethereum-based lending protocol offering products including crypto-backed loans, NFT-collateralized loans, and RWA services.
Basic Information
The circulating market cap is approximately $99.78 million, with a circulation supply ratio of about 88%. The 24-hour spot trading volume is $198 million.
The majority of spot trading volume occurs on Upbit, accounting for 81.64%, followed by Binance at 11.94%.
In the past 24 hours, its trading volume ranked within the top five on Upbit.
Historical Price
The HIFI token launched in early 2023 and remained below $0.5 for an extended period. In September, it experienced a sharp surge to $2.4 before quickly retreating. At the end of October, it re-entered an upward trend amid broader market recovery.
Holding Distribution
Upbit holds the largest amount of HIFI, exceeding 55% (some unlabeled wallets are also Upbit addresses). Binance ranks second, holding approximately 29% of the tokens. The project team holds 11%.
Large Transfers
Large transfers mainly occur between exchanges, particularly between Upbit and Binance, as well as among Upbit's own internal accounts.
According to Arkham data analysis, the wallets marked in red are all Upbit addresses.
Contract Data
The holdings-to-market-cap ratio is 0.38. Holdings increased by 38% over the past 24 hours, with a 24-hour trading volume of $794 million.
Holdings show a clear upward trend, increasing by 104% from the bottom level, with a peak increase of 163%. However, active buying volume remains modest, indicating limited strength. The long-to-short holder ratio is 1.19, which has declined significantly from yesterday’s 3, suggesting concentration of筹码 among large holders.
Conclusion
The HIFI token demonstrates active trading, ranking within the top five on Upbit by 24-hour trading volume. Contract position data shows significant growth and represents a relatively high proportion of market capitalization. The long-to-short ratio exhibits a clear downward trend. However, current on-chain activity primarily involves interactions between Upbit and Binance, with no evident accumulation by major wallets. Active buying volume on futures contracts also remains unimpressive.
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