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Puffer Price

(PUFFER)

USD($)

$0.02336
0.00%(5m)

1m5m15m1h8h1d1W
Puffer (PUFFER) Live Price Chart

    Puffer Live Price Data

    Puffer is currently trading at $ 0.02336, with a 24-hour trading volume of $ 2,873. Over the past hour, the price of Puffer changed by -4.41%, and over the past week, its value in USD dropped by -15.04%. The circulating supply of Puffer is 552,129,221 PUFFER, with a market cap of 12.96M USD, down -4.41% in the last 24 hours. Puffer is ranked #875 by market cap.

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    Note: This data is for reference only.
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    Puffer(PUFFER) Profile

    altRank875
    rate--
    Expand
    $0.02331
    $0.02497
    ATH
    $0.9971
    Price Change (1h)
    -1.10%
    Price Change (24h)
    -4.41%
    Price Change (7d)
    -15.04%
    Market Cap
    24h Volume
    Circulating Supply
    552,129,221
    Max Supply
    1B

    About Puffer

    • What Is Puffer Finance (PUFFER) Crypto?

      Puffer Finance (PUFFER) is a decentralized liquid restaking protocol built on the EigenLayer foundation. It enhances Ethereum’s Proof-of-Stake (PoS) performance by allowing users to restake their already staked ETH, boosting capital efficiency. When you stake ETH in Puffer, you receive "pufETH," which you can use across other protocols while still earning rewards from Ethereum staking.

       

      The platform also supports faster and cheaper Ethereum transactions through its UniFi-based rollups, which bundle multiple transactions to reduce fees and improve speed. Puffer’s governance token, $PUFFER, allows you to participate in protocol decisions and governance by staking it to earn vePUFFER, a vote-escrow token.

       

      Puffer Finance has an upcoming airdrop starting on October 14, 2024, and it has raised significant funding to expand its services in Ethereum scaling.

    • How Does Puffer Finance Work?

      Puffer Finance (PUFFER) works by providing a more efficient and accessible way to stake and restake Ethereum. It introduces liquid restaking, allowing you to use your staked ETH across multiple DeFi protocols without having to unstake it. When you stake ETH with Puffer, you receive a token called pufETH, which can be used in other decentralized applications while your original ETH remains staked, earning rewards.

       

      This system increases the capital efficiency for Ethereum validators, enabling them to earn extra rewards from other services, such as rollups or pre-confirmation services, without additional collateral. Puffer also uses strong security measures, like slashing protection and Secure-Signer technology, to protect validators from losing their staked funds due to errors.

       

      Additionally, Puffer's governance token, $PUFFER, gives holders voting power to influence protocol decisions, further decentralizing control of the network.

    • History of Puffer Finance and PUFFER Coin

      Puffer Finance was founded by Amir Forouzani in 2022. It is built on Ethereum’s EigenLayer and focuses on liquid restaking, allowing users to stake ETH while using the staked assets across multiple DeFi applications. This increases capital efficiency and helps validators earn additional rewards.

       

      Puffer launched its governance token, $PUFFER, in 2024. The token allows holders to participate in governance decisions, such as voting on protocol updates, and earn rewards through staking. Puffer has raised significant funding, including an $18 million Series A round in early 2024 to fuel its development.

       

      The roadmap for Puffer Finance includes the launch of Puffer V2, which will bring improvements in Ethereum scaling through rollups and introduce new governance features. The project aims to enhance Ethereum’s decentralization while promoting validator security through advanced technologies like Secure-Signer and RAV slashing protection.

    • What Is Puffer Finance Token Used for?

      The Puffer Finance (PUFFER) token is primarily used for governance within the Puffer and UniFi ecosystems. It allows you to participate in decisions like setting protocol fees, selecting operators, and managing key infrastructure. You can also stake PUFFER tokens to earn additional rewards and increase your voting power through a unique system called vePUFFER, which encourages long-term engagement.

       

      Additionally, PUFFER helps manage rollup solutions, which enhance Ethereum’s scalability and security by bundling transactions for faster processing. You can now trade Puffer Finance token on the KuCoin Spot Market, where it is available under the trading pair PUFFER/USDT. Ensure you DYOR before trading $PUFFER in the crypto market.

    • What Is Puffer Finance Tokenomics?

      The total supply of Puffer Finance (PUFFER) tokens is capped at 1 billion, with an initial circulating supply of approximately 102.3 million tokens. The token serves several key roles in the Puffer and UniFi ecosystems:

       

      1. Governance: PUFFER token holders can vote on important protocol decisions, such as setting fees, selecting operators, and managing treasury funds. This gives you direct influence over the development of Puffer’s ecosystem.

       

      2. Ecosystem Development: Around 40% of the total token supply is allocated to supporting the ecosystem, including community incentives and infrastructure development.

       

      3. Airdrops: 13% of the supply is dedicated to airdrops, with users able to participate in events like the Crunchy Carrot Quest to earn PUFFER tokens.

       

      4. Community Growth: 7.5% of the supply is allocated for community initiatives, aiming to expand user participation and engagement.

    • How to Participate in Puffer Finance Airdrop

      To participate in the Puffer Finance (PUFFER) airdrop, follow these steps:

       

      1. Set Up an Ethereum-Compatible Wallet: Use a crypto wallet like MetaMask that supports ERC-20 tokens. Ensure your wallet is funded with a small amount of ETH to cover gas fees during the token claim process.

       

      2. Check Eligibility: The airdrop is available to users who participated in campaigns like the Crunchy Carrot Quest or those eligible from the snapshot taken on October 5, 2024. You can check your eligibility by visiting the Puffer Official Airdrop Page.

       

      3. Claim Your Tokens: After connecting your wallet on the airdrop page, the platform will verify your eligibility. You can then claim your PUFFER tokens. A portion of the tokens might be available immediately, with the rest vesting over time.

       

      The first airdrop season runs from October 14, 2024, to January 14, 2025, and will distribute 7.5% of the total PUFFER supply. A second season will follow with additional tokens for new participants.

    FAQ

    How much is 1 Puffer (PUFFER) worth?
    KuCoin provides real-time USD price updates for Puffer (PUFFER). Puffer price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time PUFFER to USD exchange rates.
    Is Puffer Finance (PUFFER) a Good Investment?

    Investing in Puffer Finance (PUFFER) offers several advantages:

     

    1. Capital Efficiency: Puffer allows you to restake your staked ETH through its liquid restaking feature, meaning you can maximize the use of your assets across various DeFi protocols without needing extra collateral.

     

    2. Increased Rewards: You can earn additional rewards by participating in Puffer’s ecosystem, such as through staking and restaking mechanisms. Validators earn from both staking ETH and restaking it in external services like rollups.

     

    3. Governance Power: By holding PUFFER, you can vote on key protocol decisions like fee structures and operator selection, allowing you to influence the platform's future.

     

    4. Scalability and Security: Puffer integrates UniFi-based rollups and preconfirmation services, which enhance transaction speed and security, reducing gas fees and increasing transaction throughput while leveraging Ethereum’s security.

     

    5. Airdrop Opportunities: As an early supporter, you can benefit from airdrops like the ongoing Crunchy Carrot Quest, where 13% of PUFFER’s supply will be distributed across two seasons​.

    What Is Puffer Finance Price Prediction?

    Keeping an eye on these factors will help you understand how the PUFFER price prediction might evolve.

     

    1. Market Demand and Supply: As with any token, the overall demand and supply in the market will directly impact its price. PUFFER has a total supply of 1 billion tokens, with initial allocations set for community initiatives, investors, and airdrops. As tokens are gradually released, changes in circulating supply can affect Puffer Finance price movements.

     

    2. Adoption of Liquid Restaking: Puffer Finance’s key innovation is its liquid restaking feature, allowing staked ETH to be used across multiple protocols. Increased adoption of this service by validators and DeFi users can drive higher demand for the PUFFER token, potentially raising the $PUFFER price​.

     

    3. Governance and Utility: The PUFFER token enables users to participate in protocol governance, influencing decisions on fees, security measures, and ecosystem upgrades. High demand for governance participation can positively affect the PUFFER token price.

     

    4. Ecosystem Development: Future updates, such as the planned enhancements for UniFi rollups and preconfirmation services, can boost the utility of the token and attract more users, influencing the PUFFER to USD price. Additionally, partnerships and integrations with other platforms or exchanges can also drive interest​.

     

    5. Airdrops and Rewards: Ongoing airdrop events and staking rewards through programs like Launchpool provide incentives for holding and using the token, which can create PUFFER crypto price fluctuations based on the distribution schedule and participant engagement.

    How to Earn on Puffer Finance

    To earn on Puffer Finance (PUFFER), you can leverage several opportunities:

     

    1. Staking ETH: By staking Ethereum, you receive pufETH, a liquid restaking token. This allows you to earn both traditional staking rewards from Ethereum and additional rewards through Puffer’s restaking mechanism, which increases your returns by using your staked ETH in various decentralized services​.

     

    2. Restaking on EigenLayer: Puffer’s integration with EigenLayer lets you restake ETH across multiple services, including validators and other DeFi protocols, helping you maximize your earnings while still securing Ethereum​.

     

    3. Participating in Airdrops: Puffer Finance runs airdrop campaigns where users can earn PUFFER tokens by participating in tasks such as staking, providing liquidity, and completing quests like the Crunchy Carrot Quest. The airdrop rewards participants based on the points they accumulate​.

    What is the all-time high price of Puffer (PUFFER)?

    The all-time high price of Puffer (PUFFER) is $0.9971. The current price of PUFFER is down 97.66% from its all-time high.

    What is the all-time low price of Puffer (PUFFER)?

    The all-time low price of Puffer (PUFFER) is $0.01156. The current price of PUFFER is up 101.99% from its all-time low.

    How much Puffer (PUFFER) is there in circulation?

    As of October 4, 2026, there is currently 552,129,221 PUFFER in circulation. PUFFER has a maximum supply of 1B.

    How do I store Puffer (PUFFER)?

    You can securely store your Puffer in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your PUFFER include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.