Bifrost

Bifrost Token (BFC) is the native currency of the Bifrost Multichain Ecosystem, a middleware platform designed to let developers build and run decentralized applications across multiple blockchains without having to handle the complexity of each chain separately. The token addresses the fragmentation problem that developers face when trying to deploy software on more than one blockchain at once. BFC is classified as a liquid staking governance token and sits within both the Ethereum and Fantom ecosystems.

Developers pay BFC to access the multichain middleware layer that underlies the Bifrost Network, meaning the token functions as a usage fee or access credential within the system rather than as a simple store of value. The data records a block time of zero minutes, and no consensus algorithm is stored, so the precise settlement mechanics of the Bifrost Network cannot be described from the information available here. The token currently has 1,391,269,925 units in circulation, representing about 58.74 percent of what has been issued to date, with no stated maximum supply cap.

The protocol recorded fees of 520.00 USD across the trailing 24 hours, the trailing 7 days, and the trailing 30 days — the identical figure across all three periods suggests this is a static or minimum recorded value rather than a dynamically fluctuating stream. Annualizing the trailing 30-day figure produces an annualized fee estimate of 6,326.67 USD. These fees are paid by developers using the multichain middleware. The resulting fee-based ratios — market capitalization to annualized fees of 5,514.26 and fully diluted valuation to annualized fees of 9,387.82 — are very high relative to the fee volume, which reflects how small the current fee stream is against the size of the asset's market capitalization and total value locked of 13,901,923.92 USD.