About Swingby
Market Stats
Market Cap
$145,654.73
FDV
$151,418.77
Circulating Supply
889,788,091.432 SWINGBY
Max Supply
925,000,000 SWINGBY
Total Supply
889,788,091.432 SWINGBY
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$128.93
-0.61%
All time high
$1.13
Additional info about Swingby
Networks and details
The price of Swingby has decreased by 0.01% in the last hour and decreased by 0.88% in the past 24 hours. Swingby’s price has also fallen by 15.61% in the past week. The current price is $0.000162 per SWINGBY with a 24-hour trading volume of $128.93. Currently, Swingby is valued at 99.99% below its all time high of $1.13. This all-time high was the highest price paid for Swingby since its launch.
The current circulating supply of Swingby is 889,788,091.432 SWINGBY which means that Swingby has as total market cap of $145,654.73.
Price history
Today | $0.000162 | ↘ 0.88% |
1 Day | $0.000167 | ↘ 0.88% |
1 Week | $0.000192 | ↘ 15.61% |
1 Month | $0.000318 | ↘ 48.97% |
1 Year | $0.000339 | ↘ 52.07% |
Market details
Performance against other markets | ↘ 54.28% |
Performance against BTC | ↘ 62.93% |
Performance against ETH | ↘ 12.48% |
Performance in the past year | ↘ 52.07% |
FAQ
Swingby is a unique decentralized proof-of-stake network that utilizes advanced techniques in cryptography research. The platform aims to permit users to move the tokens on some other chains without any trusted party.
According to the website, Swingby's bridge protocol, Skybridge, develops trustless bridges between Ethereum, Bitcoin, Binance Chain, and other vital blockchains confirmed by a grid of node groups that perform quick token swaps by utilizing multi-party computing. (Multi-party computation is a logic of cryptography that allows numerous parties to calculate a function without disclosing the inputs jointly.)
Further, Skybridge, a product of Swingby, permits users to move the Bitcoin tokens between the Ethereum, Bitcoin, and Binance Chain without depending on a central custodian, thereby making way for DeFi abilities like DEX trading and liquidity pooling with a user-friendly interface.
Swingby's Skybridge leverages the vital multi-party computing (MPC) research and threshold signature scheme (TSS) to deliver a layer-2 cross-chain bridging protocol for multiple individuals. A threshold signature scheme is a process that substitutes the Sign algorithms of a virtual signature technique with an interactive protocol among numerous parties. It is a fairly new technology with numerous advantages that perform well for cross-chain swaps. Many other open-source projects also use the technology. Skybridge does not depend on smart contracts or complex user interfaces, unlike many blockchain interoperability protocols.
According to the whitepaper, the Swingby Network is a peer-to-peer (i.e., all nodes are equivalent and there is no moderator) and permissionless grid of nodes that operate the Swingby node software to interact with one another. The Swingby node operator owns and stakes the tokens for the respective Swingby Node in this network, and the tokens' staking is accomplished on the Binance Chain.
Users can just transmit funds to the network's address to conduct a swap. The aim is not to evolve as a DeFi project but to bridge various DeFi applications across chains. Swingby also aims to offer support for multiple chains in the future. However, Bitcoin and Ethereum were selected as the launch bridge pair due to the major acceptance of ERC20 bitcoin tokens in Bitcoin's market capitalization and DeFi space.
The token utilized in Swingby Skybridge is Swingby Token s(SBY). SBY aims to be used as a BEP-2 token on the Binance Chain to verify eligibility for partaking in a TSS group. The token is also distributed for the development of the Swingby network ecosystem. Besides the Binance Chain, SBY can also be published on different blockchains linked to the Swingby Skybridge.
We update our Swingby to USD currency in real-time. Get the live price of Swingby on Coinbase.
The current market cap of Swingby is $145.65K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Swingby is $1.13. This all-time high is highest price paid for Swingby since it was launched.
Over the last 24 hours, the trading volume of Swingby is $128.93.
Assets that have a similar market cap to Swingby include All.Art Protocol, Chronicle, Noti, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Swingby is 890 million.
Get up to $200 for getting started
Earn free crypto after making your first purchase.
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
#3218
Contributors
28
Posts
606,344
% About Swingby
0.005%
Hold times
0 days
X (Twitter)
40% bullish
Sentiment
3 ★
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
28 unique individuals are talking about Swingby and it is ranked #3,218 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Swingby has an average sentiment score of 3 out of 5. Finally, Swingby is becoming more newsworthy, with 0 news articles published about Swingby. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Swingby. There were 40% of tweets with bullish sentiment compared to 40% of tweets with a bearish sentiment about Swingby. 20% of tweets were neutral about Swingby. These sentiments are based on 11 tweets.
On Reddit, Swingby was mentioned in 15 Reddit posts and there were 41 comments about Swingby. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Swingby calculator
Related assets
Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. 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. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.