About Sperax
SPA is the governance token of the Sperax ecosystem. Sperax is a DeFi protocol built on Arbitrum that mints Sperax USD - a stablecoin featuring ‘auto-yield’ generation. SPA tokens must be staked in order to participate in the Sperax DAO. Sperax ecosystem is governed by community of SPA stakers or veSPA holders, who make up Sperax DAO.
Buy Sperax
Trading Insights
Buyer Ratio
Traders
105
0.96%
Buyers
58
23.4%
Sellers
52
-10.34%
Searched
105
Market Stats
Market Cap
£15.49M
-1.97%
FDV
£37.81M
Circ. Supply
2B SPA
Max Supply
5B SPA
Total Supply
4.6B SPA
Diluted Valuation
£37.49M
Performance
Popularity
#905
Dominance
0%
Volume (24H)
£4.01M
32.9%
Volume (7D)
£34.95M
Volume (30D)
£93.39M
All time high
£0.18
Price Change (1Y)
45.84%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Sperax has decreased by 0.46% in the last hour and decreased by 1.74% in the past 24 hours. Sperax’s price has also fallen by 4.62% in the past week. The current price is £0.0076 per SPA with a 24-hour trading volume of £4.01M. Currently, Sperax is valued at 95.75% below its all time high of £0.18. This all-time high was the highest price paid for Sperax since its launch.
The current circulating supply of Sperax is 2,048,202,287 SPA which means that Sperax has as total market cap of £15,488,192.78.
Market details
SPA vs markets
↘ 19.39%
SPA vs BTC
↘ 19.15%
SPA vs ETH
↘ 13.27%
Tags
binance-alpha
binance-alpha-airdrops
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xB4A3B0Faf0Ab53df58001804DdA5Bfc6a3D59008 | |
Arbitrum | 0x5575552988A3A80504bBaeB1311674fCFd40aD4B |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0076 | ↘ 1.73% |
1 Day | £0.0077 | ↘ 1.74% |
1 Week | £0.0079 | ↘ 4.62% |
1 Month | £0.0081 | ↘ 6.50% |
1 Year | £0.0053 | ↗ 45.84% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Sperax, also known as SPA, is an open-source development team that was established in late 2019. The team is dedicated to creating software products based on the Sperax protocol. At the heart of Sperax is the Sperax token ($SPA), which is used to power a suite of DeFi applications and the first auto-yield stablecoin, $USDs. Sperax aims to address the volatility issue that has been a hurdle for cryptocurrency adoption. By creating a stablecoin, Sperax strives to provide a solution that can be used as a medium of exchange without the high volatility associated with most cryptocurrencies.
Sperax operates by using the Sperax token ($SPA) as the core of its system. Users can mint new USDs by locking eligible collateral within the system. The protocol then mints an additional stablecoin. If the price of USDs drops below the peg, interest rates will decline, encouraging more users to burn their existing USDs and buy USDs from exchanges to burn them. This reduces the supply of USDs, pushing the price upwards. Sperax also employs a dynamic transition between algorithmic and collateralized mechanisms, adjusting the fraction of the money supply that is algorithmically determined versus the fraction that is collateralized.
Sperax aims to provide a stablecoin that can be used as a medium of exchange without the high volatility associated with most cryptocurrencies. This makes it potentially useful for a wide range of applications in the DeFi space. For instance, depositing stablecoins in a savings account can now generate positive yields for users who do not need to fear that changes in the price of the currency could offset any interest gain. Sperax also aims to implement a dual token system with a stablecoin (USDs), as well as a governance/value accrual token (SPA), providing more flexibility and potential use cases for its users.
Sperax was founded in late 2019 with the goal of addressing the volatility issue that has been a hurdle for cryptocurrency adoption. The team behind Sperax has focused on building software products based on the Sperax protocol, with the Sperax token ($SPA) at its core. Since its inception, Sperax has built the first auto-yield stablecoin, $USDs, and a suite of DeFi apps. Over time, Sperax has strived to combine elements of existing different designs, by being an algorithmic, scalable, trustless, and decentralized stablecoin protocol that operates on-chain.
We update our Sperax to GBP currency in real-time. Get the live price of Sperax on Coinbase.
The current market cap of Sperax is £15.49M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Sperax is £0.18. This all-time high is highest price paid for Sperax since it was launched.
Over the last 24 hours, the trading volume of Sperax is £4.01M.
Assets that have a similar market cap to Sperax include NEM, Yooldo, Alephium, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Sperax is 2 billion.
Sperax ranks 147 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 100% of Coinbase users are buying Sperax. In other words, 100% of Coinbase customers have increased their net position in Sperax over the past 24 hours through trading.
Yes, Sperax is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Sperax guide.
Social stats
Popularity in posts
#694
Contributors
235
Posts
580
% About Sperax
0.042%
Articles
1
Hold times
0 days
X (Twitter)
52.62% bullish
Sentiment
3.3 ★
Highlights
235 unique individuals are talking about Sperax and it is ranked #694 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Sperax has an average sentiment score of 66 out of 5. Finally, Sperax is becoming less newsworthy, with 1 news articles published about Sperax.
On Twitter, people are mostly bullish about Sperax. There were 56.68% of tweets with bullish sentiment compared to 7.72% of tweets with a bearish sentiment about Sperax. 43.32% of tweets were neutral about Sperax. These sentiments are based on 463 tweets.
On Reddit, Sperax was mentioned in 1 Reddit posts and there were 1 comments about Sperax. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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.
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.