About Sovryn
$SOV is the governance token of the Sovryn Protocol, home of the largest defi ecosystem on top of Bitcoin
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Trading Insights
Searched
1
Market Stats
Market Cap
₹836.76M
-0.23%
FDV
₹1.36B
Circ. Supply
61M SOV
Max Supply
100M SOV
Total Supply
100M SOV
Diluted Valuation
₹1.36B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹19.27M
3.36%
Volume (7D)
₹149.45M
Volume (30D)
₹649.73M
All time high
₹3.17K
Price Change (1Y)
-80.27%
Additional details
Recent trends
The latest SOV price is ₹13.62. Compared to Sovryn's value of ₹13.59 from 24 hours ago, there's been a -0% decrease, while the current price is -5% down from ₹14.06 which was recorded one week ago. Sovryn's all time high is ₹3,170.94, which was reached on October 8, 2021. This is a -100% change from its price today.
The current circulating supply of Sovryn is 61,422,685. This is 61% of its max supply of 100,000,000 SOV and 61% of its total supply of 100,000,000. The market cap is currently ₹836.76M, which is a result of multiplying the current price of Sovryn(₹13.62) by the total supply(100,000,000 SOV). The fully diluted valuation of Sovryn is ₹1.36B. The diluted valuation of Sovryn is ₹1.36B.
Market details
SOV vs markets
↘ 85.85%
SOV vs BTC
↘ 87.73%
SOV vs ETH
↘ 72.33%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xbdab72602e9AD40FC6a6852CAf43258113B8F7a5 | |
RSK | 0xefc78fc7d48b64958315949279ba181c2114abbd |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹13.62 | ↘ 0.23% |
1 Day | ₹13.59 | ↘ 0.23% |
1 Week | ₹14.06 | ↘ 4.54% |
1 Month | ₹14.43 | ↘ 7.16% |
1 Year | ₹66.50 | ↘ 80.27% |
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 INR currency in real-time. Get the live price of Sovryn on Coinbase.
The current market cap of Sovryn is ₹836.76M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Sovryn is ₹3,170.94. 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 ₹19.27M.
Assets that have a similar market cap to Sovryn include Aleph Zero, Propbase, Aerobud, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Sovryn is 61 million.
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Legal
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.
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