About Sovryn
Market Stats
Market Cap
$11,429,368.20
FDV
$19,054,602.99
Circulating Supply
59,982,190.16 SOV
Max Supply
100,000,000 SOV
Total Supply
100,000,000 SOV
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$7,852.54
0.31%
All time high
$36.52
Additional info about Sovryn
Networks and details
The price of Sovryn has increased by 0.01% in the last hour and increased by 0.32% in the past 24 hours. Sovryn’s price has also fallen by 6.32% in the past week. The current price is $0.19 per SOV with a 24-hour trading volume of $7.85K. Currently, Sovryn is valued at 99.48% below its all time high of $36.52. This all-time high was the highest price paid for Sovryn since its launch.
The current circulating supply of Sovryn is 59,982,190.16 SOV which means that Sovryn has as total market cap of $11,429,368.20.
Price history
Today | $0.19 | ↗ 0.32% |
1 Day | $0.19 | ↗ 0.32% |
1 Week | $0.20 | ↘ 6.32% |
1 Month | $0.22 | ↘ 15.10% |
1 Year | $1.86 | ↘ 89.73% |
Market details
Performance against other markets | ↘ 89.73% |
Performance against BTC | ↘ 91.29% |
Performance against ETH | ↘ 79.66% |
Performance in the past year | ↘ 89.73% |
FAQ
Sovryn is a protocol seeking to build decentralized finance (DeFi) on Bitcoin without any involvement of central authority. According to the whitepaper, Sovryn is an on-chain public protocol controlled by its community and stakeholders. The community of Sovryn is built on the principles of transparency, and protocol is creating an open and fair financial system for the world. However, the Sovryn protocol aims to help everyone win the next major battle by creating the world of finance, the new territory for sovereign individuals. The protocol enables people to expand upon the freedom afforded by Bitcoin to achieve full financial self-sovereignty. Also, Sovryn aims to permit users to protect their rights to self-custody and financial privacy.
Furthermore, Sovryn builds the missing piece by making the permissionless financial layer for Bitcoin. The protocol gives a Bitcoin-native DeFi-layer infrastructure firmly integrated with Ethereum and other crypto-chains and assets. Moreover, the protocol aims to provide Bitcoins, class-financial tools, and developments such as the following:
Additionally, the urgent requirement of Sovryn is for the budgeting of Bitcoin, constant attention, a rise of DeFi, and Ethereum scalability. The Sovryn protocol has been designed for a Layer-2 environment with vertical integration and liquidity. Liquidity is the efficiency where an asset gets converted into currency without affecting the market price. Moreover, the protocol consists of Bitocracy, a simple coordination system that encodes rules in software and enforces them in the blockchain. The Sovryn Bitocracy is based on principles like censorship-resistance, self-custody, transparency, and many more.
The protocol has a token SOV, used to tokenize the reward, rights, and risk associated with Sovryn Bitocracy. SOV is a tokenized representation of an actual stake in the Sovryn's future. The token is utilized to represent voting powers and coordinates the resources of a decentralized community. Users can stake SOV to cover their losses and thus seek to ensure they do not occur. SOV price is determined by the market's assessment for the demand of SOV today and in the future.
We update our Sovryn to USD currency in real-time. Get the live price of Sovryn on Coinbase.
The current market cap of Sovryn is $11.43M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Sovryn is $36.52. This all-time high is highest price paid for Sovryn since it was launched.
Over the last 24 hours, the trading volume of Sovryn is $7.85K.
Assets that have a similar market cap to Sovryn include Mode, SpaceChain, Odos, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Sovryn is 60 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#2858
Contributors
41
Posts
606,344
% About Sovryn
0.009%
Hold times
0 days
X (Twitter)
19.61% bullish
Sentiment
2.5 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
41 unique individuals are talking about Sovryn and it is ranked #2,858 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Sovryn has an average sentiment score of 2.5 out of 5. Finally, Sovryn is becoming more newsworthy, with 0 news articles published about Sovryn. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Sovryn. There were 19.61% of tweets with bullish sentiment compared to 3.92% of tweets with a bearish sentiment about Sovryn. 76.47% of tweets were neutral about Sovryn. These sentiments are based on 52 tweets.
On Reddit, Sovryn was mentioned in 0 Reddit posts and there were 0 comments about Sovryn. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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