Efinity Price
EFI
How Much is 1 Efinity (EFI)
Convert EFI to your currency
Last Updated on Dec 18, 2025 04:29 AM
What is Efinity?
About the Coin
Efinity is a blockchain specifically designed for non-fungible tokens (NFTs), developed by Enjin, a pioneer in the NFT industry since 2017. Enjin is known for authoring the ERC-1155 NFT token standard and launching the first NFT creation platform. Efinity aims to be the world's cross-chain NFT blockchain, providing an environmentally friendly and scalable solution for games, apps, enterprises, and creators to deliver NFTs to mainstream audiences.
Main Features
Efinity is built on Polkadot in collaboration with Parity Technologies and the Web3 Foundation. It is a purpose-built blockchain for NFTs, designed to make NFTs as widespread and easy to use as smartphones today. The platform features transaction fee delegation, smart contracts, fuel tanks, crafting, discrete accounts, instant swaps, native multisig, price discovery, cross-chain marketplaces, and an NFT launchpad. Efinity's transactions are confirmed in 6 seconds and can scale to 1000 transactions per second (TPS), compared to Ethereum's current rate of around 15 TPS.
How it Works
Efinity is developed as a parachain on Polkadot, addressing major blockchain issues such as interoperability, scalability, speed, security, privacy, developability, and governance. The Efinity Token (EFI) is deflationary and used for transaction fees, liquidity, and rewards. EFI holders can participate in community governance by submitting and voting on proposals to guide the network's future. Network fees, marketplace commissions, cross-chain bridging tolls, and smart contract fees contribute to yield earned by staking and infusing Enjin Coin (ENJ) and participating in NFT trading and discovery. ENJ plays a crucial role in nominating efficient collator nodes for the Efinity blockchain. Additionally, EFI is a core utility of NFT.io, a next-generation multi-chain NFT launchpad and marketplace, where earned EFI is required to farm exclusive NFTs and engage in the NFT.io ecosystem.
Wallet for Efinity
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Tangem supports networks for Efinity
- Ethereum
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Efinity FAQ
- Efinity is a cryptocurrency built on a decentralized network, enabling secure and transparent transactions. Its blockchain design supports various use cases depending on the project’s goals.
- Key features include scalability, low fees, and fast processing. Efinity supports developers and users who need a flexible blockchain environment.
- They refer to the same cryptocurrency. EFI is the abbreviated code used in trading platforms.
- Buy Efinity through trusted exchanges or payment providers integrated in the Tangem Wallet.
- Store Efinity in a non-custodial wallet where you control your keys. Tangem hardware wallets offer strong offline security.
How to secure Efinity with Tangem Wallet?
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