- The Centrifuge (CFG) token increased by 12% in 24 hours on April 3, 2026.
- The protocol's Total Value Locked (TVL) reached a new high of $1.6 billion.
- Growth is attributed to its expansion on the Base network and a new tokenized S&P 500 product.
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Centrifuge token jumps 12% as TVL hits $1.6 billion
The price of Centrifuge's native token (CFG) jumped 12 percent in 24 hours on April 3, 2026, as the protocol’s Total Value Locked (TVL) crossed the $1.6 billion mark.
Data from DefiLlama, a decentralized finance analytics platform, confirmed the new TVL high for the protocol, which specializes in tokenizing real-world assets (RWAs). The bullish market sentiment follows several key developments for the Centrifuge protocol on the Ethereum blockchain.
The primary drivers for the growth include Centrifuge's recent expansion to the Base network, an Ethereum Layer 2 solution developed by Coinbase. This move has broadened access to Centrifuge's pools. Additionally, the introduction of a tokenized S&P 500 product has attracted new capital by allowing investors to gain exposure to traditional equity markets through DeFi.
The significant growth in TVL and token price could attract more institutional and retail interest to Centrifuge and the broader Real-World Asset (RWA) sector. The successful expansion and product offering may set a precedent for other protocols, potentially increasing competition and innovation within the RWA space.
This article is for informational purposes only and does not constitute investment advice.
