- #1022
Sovryn SOV
SOV Price
Market Cap
$28.90 MRank #1022FDV
$45.33 MRank #955Investors
X Followers
Detailed Performance
SOV shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
SOV to USD Converter
Price History
- All-Time High
- $44.2497.60x to ATH
- All-Time Low
- $0.16732.71x to ATL
- Trade Launch Date
- 14 Jun, 2021
1256 days ago
Fundraising
See more- ICO Price
- $5.00
- Funds Raised
- $29.00 M
- Tokens Sold
- 2.00 M SOV
Exchanges
Exchanges type
About SOV
Sovryn is a decentralized finance (DeFi) platform built on the RSK blockchain. It functions as a financial operating system with a user-friendly website, allowing users to lend, borrow, and trade cryptocurrencies. Sovryn also has its native token called $SOV, which is used for voting within the protocol to ensure decentralized governance. The platform aims to provide financial sovereignty to its users and offers features such as a lending platform and a decentralized exchange (DEX) automated market maker (AMM) similar to Uniswap or Sushiswap. For more detailed information, you can read Sovryn's black paper.
What makes Sovryn unique?
Sovryn stands out in the cryptocurrency space for several reasons. Firstly, it is known as one of the fastest-growing decentralized finance (DeFi) ecosystems built on the Bitcoin blockchain. This sets it apart from many other cryptocurrencies that are primarily built on the Ethereum blockchain.
Additionally, Sovryn offers a wide range of features, making it one of the most feature-rich DeFi platforms available. It combines the functionalities of popular DeFi protocols like Maker, Aave, BZX, and Uniswap, all within a single protocol/platform.
Another unique aspect of Sovryn is its focus on security and trustlessness. It operates on the RSK sidechain, allowing for secure and decentralized transactions. This is further enhanced by its integration with the Bitcoin blockchain, known for its robust security.
Furthermore, Sovryn boasts lower gas fees compared to many other DeFi platforms, thanks to its use of the RSK sidechain. This makes it more accessible and cost-effective for users to participate in the Sovryn ecosystem.
Lastly, Sovryn is backed by industry leaders, which adds credibility and support to its development and growth. This further distinguishes it from other cryptocurrencies that may lack such strong backing.
Overall, Sovryn's combination of being a fast-growing DeFi ecosystem, its rich features, security, lower gas fees, and industry support make it a unique proposition in the cryptocurrency landscape.
Live Sovryn Price Data
The current price of Sovryn (SOV) is approximately $0.4533, reflecting a increase of 5.34% in the last 24 hours. The SOV trading volume in the last 24 hours stands at $16,999.85. Sovryn's market cap is currently $28.90 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of SOV is 63.77 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Sovryn's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on SOV, check out our crypto insights page.
Official Links
SOV to USD Converter
Price History
- All-Time High
- $44.2497.60x to ATH
- All-Time Low
- $0.16732.71x to ATL
- Trade Launch Date
- 14 Jun, 2021
1256 days ago
Fundraising
See more- ICO Price
- $5.00
- Funds Raised
- $29.00 M
- Tokens Sold
- 2.00 M SOV