Connect with us


DeFiChain: Another Project Partner is Leaving – the Price Is Hitting the bottom

DeFiChain (DFI) faces significant challenges: a plummeting price, now just over $0.05, and key project partners withdrawing. No resolution exists for Cake, the company behind DFI. Criticism includes centralization and low NFT interest. Despite celebrating its four-year anniversary, the ecosystem’s instability and founder disputes have left investors with substantial losses.



DeFiChain (DFI) is experiencing series of setbacks: the price curve is on a downward trend and another project partner announces its withdrawal. In addition, no solution has been found for the future of Cake, the company behind DFI.

DeFiChain (DFI) is currently celebrating its four-year anniversary and in a blog post the team goes so far as to say: “Really, our success is your success!” But in reality there is no sign of success at DeFiChain.

DFI is currently trading at just over $0.05, just a hair above its all-time low. Investors recently had to watch helplessly as the founders Julian Hosp and U-Zyn Chua fought each other publicly and in court . There is no solution as to how the Cake joint venture should be constructively continued. Cake is behind DeFiChain. A cooperation partner, DeFiChain Domains, has now announced that it is canceling its launch.

Already in February, two important projects, Jellyverse and Dobby, had turned their backs on DeFiChain and were not sparing with criticism

DeFiChain Domains also distributes. It is said that the community is only growing in the DACH region (Germany, Austria, Switzerland), and the price of DFI does not allow a project to be operated sustainably. DeFiChain Domains wanted to distribute domain names with the ending .dfi and thus copy the concept of Ethereum Name Service.

DeFiChain Domains is now further disappointed by the lack of interest in NFTs and too much centralization in the ecosystem. Julian Hosp and U-Zyn Chua have repeatedly had to endure such criticism for Cake and DeFiChain. The two did not comment on the withdrawal of DeFiChain Domains. Julian Hosp says he has made a takeover offer for Cake to U-Zyn Chua, but no agreement is known.

Conclusion: Millionaire DeFiChain – warnings were ignored

When we warned against investing in DeFiChain in July 2022 , DFI was still around $1. The decline of DeFiChain is unmistakable; the alleged stablecoin DUSD in the ecosystem has also fallen hopelessly for almost two years and is currently trading at around 0.40 US dollars instead of reflecting the US dollar 1:1 as promised.

Investors have lost millions in this construct and Julian Hosp’s role is questionable. His past with the Lyoness and TenX pyramid schemes still brings Hosp scam accusations to this day. DeFiChain Domains is pulling the ripcord and reacting to what is probably a hopeless situation.


(Featured image by Ri_Ya via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in BLOCK-BUILDERS.DE. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us

Sharon Harris is a feminist and a part-time nomad. She reports about businesses primarily involved in tech, CBD, and crypto. She started her career as a product manager at a Silicon Valley startup but now enjoys a new life as a personal finance geek and writer. Her primary aim is to provide readers with a new perspective on the overlapping world of finance and technology.