Bluefin Price

Bluefin (BLUE) is a cryptocurrency that operates on the Sui Network platform. Launched in July 2020, it currently ranks #863 with a price of $0.09274, showing a -5.26% change in the last 24 hours. Bluefin functions as a utility token for the Bluefin ecosystem, which focuses on decentralized exchange (DEX) services and DeFi applications. The token has a circulating supply of 305.59M BLUE out of a maximum supply of 1B BLUE. Its current market capitalization stands at $28.34M with a 24-hour trading volume of $1.3M. Bluefin supports derivatives trading and is part of the Sui ecosystem, utilizing MoveVM technology. The project aims to provide advanced trading infrastructure with features like perpetual futures and options trading. The token's price has shown significant growth over the past 60 days, with a 97% increase, indicating growing market interest in the platform's capabilities and utility within the DeFi space.

Bluefin was created on July 31, 2020. It was officially launched as a cryptocurrency operating on the Sui Network platform. Since its creation, Bluefin has developed into a decentralized exchange token with applications in DeFi and derivatives trading. The project has established itself within the blockchain ecosystem, particularly as part of the Sui Network.

Bluefin was founded by a team of blockchain and financial technology experts. The project was launched in July 2020 with a focus on decentralized exchange (DEX) and derivatives trading. While the specific founders' names aren't publicly documented in the available information, the team has built Bluefin as a DeFi platform operating on the Sui Network. The project has received backing from notable investment firms in the crypto space and has positioned itself within both the Sui and Polkadot ecosystems. The founding team's vision was to create a comprehensive decentralized trading platform with advanced derivatives capabilities, which has evolved into the current Bluefin protocol with its BLUE token.

Bluefin operates on the Sui Network as a decentralized exchange (DEX) token. It powers a derivatives trading platform that combines DeFi capabilities with advanced trading features. The token has a current price of $0.09274 with a 24-hour change of -5.26% and trading volume of $1.3M. The core functionality of BLUE includes: 1. Governance: Token holders can participate in platform decision-making 2. Fee discounts: Users holding BLUE receive reduced trading fees 3. Staking rewards: Holders can stake tokens to earn passive income 4. Liquidity provision: BLUE can be used to provide liquidity to trading pools With a circulating supply of 305.59M BLUE out of a maximum 1B BLUE, Bluefin has a market cap of $28.34M. The token utilizes the MoveVM technology on Sui Network, enabling efficient and secure transactions. Since its launch in July 2020, Bluefin has evolved to support various DeFi applications, particularly in the derivatives trading space, making it a notable project in the Sui ecosystem.

Bluefin operates on the Sui Network platform using a hybrid technical architecture. It's built on the Move programming language, which provides enhanced security and resource-oriented programming capabilities. The token follows the SRC-20 standard on Sui blockchain, leveraging its high throughput and low latency. The architecture includes: 1. Smart Contract Layer: Implements DEX functionality with automated market-making algorithms 2. Derivatives Protocol: Supports complex financial instruments and trading mechanisms 3. Cross-chain Interoperability: Originally developed on Polkadot's Substrate framework before migrating to Sui 4. Liquidity Pools: Decentralized pools that facilitate trading with minimal slippage 5. Governance Mechanism: Token holders can participate in protocol decisions With a maximum supply of 1B BLUE tokens and 305.59M BLUE currently in circulation, Bluefin's technical design prioritizes scalability, security, and efficient trading execution. The protocol's architecture enables it to process high transaction volumes while maintaining low fees, making it suitable for both retail and institutional traders in the DeFi ecosystem.

Bluefin has an ambitious roadmap focused on expanding its DeFi ecosystem. As a decentralized exchange token operating on the Sui Network, Bluefin's future plans include enhancing its derivatives trading platform, implementing cross-chain functionality, and expanding governance capabilities for BLUE token holders. By 2026, Bluefin aims to complete its liquidity mining program and introduce advanced trading features. The 2027 roadmap includes launching a DAO structure giving BLUE holders more governance power and expanding into new markets. The team is also developing improved staking mechanisms to increase utility for the BLUE token, with plans to utilize only 30.5% of the 1B BLUE by 2025-07-15, leaving significant room for controlled growth. With strong partnerships in the Sui ecosystem and recent price performance of -5.26% over 24 hours and $0.09274 per token, Bluefin is positioning itself as a key player in the DeFi derivatives space. The project's long-term vision includes becoming a comprehensive financial services platform by 2030.