DeFi Coin was launched as the native token of DeFi Swap, a decentralized crypto exchange. As almost all crypto exchanges have their own tokens, this was an expected move, except for one minor detail. Due to some teething problems, the coin was launched way before the exchange, causing it to linger in limbo. DeFi Coin was almost useless, as the exchange it was meant to be used on still didn’t exist. Finally, all the issues were resolved and DeFi Swap was launched in early May, causing DeFi coin to skyrocket almost 500% in a span of just a few days.