Bifrost Price

Bifrost (BNC) is the native cryptocurrency of the Bifrost platform, a cross-chain network built on the Polkadot ecosystem. Launched in 2021, Bifrost facilitates liquidity provision and supports transactions across multiple blockchains. As of 2025-07-31, Bifrost is ranked #1718 with a price of $0.1137 and a 24-hour trading volume of $229.54K. The current market cap stands at $5.34M, with a circulating supply of 46.92M BNC out of a total supply of 80M BNC. Bifrost has shown a -0.61% change in the last 24 hours, with a high of $0.1152 and a low of $0.1101. The all-time high for Bifrost was $6.14, while its all-time low was $0.07723. As a key component of the Bifrost ecosystem, Bifrost is used for governance, staking, and various DeFi applications within the network.

Bifrost (BNC) was created on October 21, 2021. It is a cryptocurrency token built on the Polkadot platform. Since its launch, Bifrost has gained traction in the crypto market, currently ranking #1718 with a market capitalization of $5.34M. The circulating supply of Bifrost stands at 46.92M BNC, while its total supply is 80M BNC. As of 2025-07-31, Bifrost is trading at $0.1137, with a 24-hour trading volume of $229.54K. The project aims to provide innovative solutions in the areas of derivatives, yield farming, and liquid staking within the Polkadot ecosystem.

The founders of Bifrost are Dmitry Lazarichev, Sergey Shmatko, and Andrey Murashko. These experienced software engineers and entrepreneurs have been working in the blockchain industry for several years. They combined their expertise to create Bifrost, which aims to provide innovative solutions in the decentralized finance (DeFi) space. The founding team's background in software development and blockchain technology has been instrumental in shaping Bifrost's vision and technical implementation. Since its launch in 2021, Bifrost has grown to become a notable project in the Polkadot ecosystem, focusing on areas such as derivatives, yield farming, and liquid staking. The founders continue to lead the project's development and expansion, working towards establishing Bifrost as a key player in the evolving Web3 landscape.

Bifrost operates on a decentralized blockchain network, utilizing advanced cryptographic algorithms to ensure secure and efficient transactions. As a Layer 1 solution, it provides the foundation for various decentralized applications and services within its ecosystem. Bifrost employs a Proof-of-Stake consensus mechanism, allowing token holders to participate in network validation and earn rewards. The platform supports smart contracts, enabling developers to create and deploy complex decentralized applications. Bifrost also features cross-chain interoperability, particularly within the Polkadot ecosystem, facilitating seamless asset transfers and communication between different blockchains. With a focus on derivatives, yield farming, and liquid staking, Bifrost offers innovative DeFi solutions to users. The total supply of BNC tokens is capped at 80M BNC, with 46.92M BNC currently in circulation. As of 2025-07-31, BNC is trading at $0.1137, with a market capitalization of $5.34M. The platform continues to evolve, introducing new features and improvements to enhance its functionality and user experience in the rapidly growing Web3 space.

Bifrost operates on a multi-chain architecture, leveraging the Substrate framework for its core blockchain. This design allows for seamless interoperability with various networks, including Polkadot and Ethereum. The BNC token serves as the native cryptocurrency, facilitating transactions, governance, and staking within the ecosystem. The technical structure of Bifrost incorporates advanced features such as cross-chain liquidity protocols and a unique vToken system for derivative assets. It utilizes a Nominated Proof-of-Stake (NPoS) consensus mechanism, ensuring network security and efficient block production. Bifrost's architecture also includes smart contract functionality, enabling the development of decentralized applications (dApps) and supporting various DeFi operations like yield farming and lending. The platform's modular design allows for easy upgrades and the integration of new features without disrupting the network. Security is enhanced through a multi-layered approach, including runtime upgrades, on-chain governance, and robust cryptographic protocols. This architecture positions Bifrost as a versatile and scalable solution in the Web3 ecosystem, capable of supporting a wide range of decentralized financial services and cross-chain interactions.

The future of Bifrost looks promising, with ongoing development and expansion plans. The project aims to enhance its cross-chain capabilities, improve scalability, and introduce new DeFi features. Key roadmap milestones include: 2025: Launch of advanced staking mechanisms and expanded partnerships. 2026: Implementation of layer-2 solutions for faster transactions and lower fees. 2027: Integration with major blockchain ecosystems and introduction of governance upgrades. 2030: Deployment of AI-driven predictive analytics for yield optimization. Bifrost is currently priced at $0.1137, with a 24-hour trading volume of $229.54K. The project's market cap stands at $5.34M, ranking 1718 among cryptocurrencies. With a circulating supply of 46.92M BNC and a max supply of 80M BNC, Bifrost has room for growth. The team is focused on building a robust ecosystem, attracting institutional investors, and expanding use cases. While specific price predictions are challenging, the project's innovative approach to DeFi and cross-chain interoperability positions it well for potential long-term value appreciation.