About Solar
Solar is a Layer 1 blockchain network secured by 53 Block Producers through Delegated Proof of Stake (DPoS) consensus, with SXP as its native utility coin. The network's security and governance are maintained through a system where coin holders can participate by voting for Block Producers. As an open, community-driven ecosystem, Solar enables collaboration between Block Producers and coin holders, fostering continuous development and enhancing the network's infrastructure. To bridge blockchain technology with traditional business needs, Solar Enterprises, established through funding from the Solar Blockchain Foundation, focuses on developing these consumer-oriented products and services. Current development includes an innovative crypto-first e-SIM solution aimed at international travellers.
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Trading Insights
Searched
19
Market Stats
Market Cap
S$148.56M
1.41%
FDV
S$148.56M
Circ. Supply
646M SXP
Max Supply
Not enough data
Total Supply
646M SXP
Total Value Locked
S$36.91K
Diluted Valuation
S$148.31M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
S$3.33M
-26.96%
Volume (7D)
S$35.66M
Volume (30D)
S$114.80M
All time high
S$7.55
Price Change (1Y)
-41.75%
Additional info about Solar
Recent trends
The latest SXP price is S$0.23. Compared to Solar's value of S$0.23 from 24 hours ago, there's been a 1% increase, while the current price is 3% up from S$0.22 which was recorded one week ago. Solar's all time high is S$7.55, which was reached on May 3, 2021. This is a -97% change from its price today.
The market cap is currently S$148.56M, which is a result of multiplying the current price of Solar(S$0.23) by the total supply(645,594,210 SXP). The fully diluted valuation of Solar is S$148.56M. The diluted valuation of Solar is S$148.56M.
Market details
SXP vs markets
↘ 55.94%
SXP vs BTC
↘ 61.63%
SXP vs ETH
↘ 14.28%
Tags
medium-of-exchange
defi
payments
wallet
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8CE9137d39326AD0cD6491fb5CC0CbA0e089b6A9 | |
Solana | 3CyiEDRehaGufzkpXJitCP5tvh7cNhRqd9rPBxZrgK5z | |
BNB Smart Chain | 0x47BEAd2563dCBf3bF2c9407fEa4dC236fAbA485A | |
BNB Smart Chain | 0xsxP-ccC |
Price history
Time | Price | Change |
|---|---|---|
Today | S$0.23 | ↗ 1.49% |
1 Day | S$0.23 | ↗ 1.49% |
1 Week | S$0.22 | ↗ 3.16% |
1 Month | S$0.25 | ↘ 6.58% |
1 Year | S$0.41 | ↘ 41.75% |
FAQ
Solar (SXP) is a decentralized blockchain that utilizes a Delegated Proof-of-Stake (DPoS) consensus model. It is powered by its native utility token, SXP, which plays a crucial role in securing the network and facilitating transactions. Users can stake SXP tokens to help secure the network and in return, they may receive compensation. The Solar blockchain also allows users to propose and vote on changes to the protocol, thereby fostering a transparent governance ecosystem. The Solar blockchain is designed to be an enterprise-level ecosystem, supported by open-source developers and community participation. It provides a platform for developers to build decentralized applications (DApps) with access to a variety of features, tools, and resources.
Solar operates on the Solar Core, a Layer-1 Blockchain Framework, using the Delegated Proof-of-Stake Consensus (DPoS). The network is maintained and protected by 53 delegates, also known as node operators or validators. These validators are chosen by the community through a voting process. Solar aims to enhance its security by a combination of Proof-of-Stake (PoS) consensus, multi-signature wallets, smart contracts, and a decentralized architecture. Instead of miners competing to validate transactions, the PoS mechanism selects validators based on their stake in the network. Solar also has a bug bounty program in place to encourage security researchers to identify and report potential vulnerabilities, aiming to continually improve the network's security.
Solar's primary use case is to provide a platform for the development of decentralized applications (DApps). Developers can leverage the features provided by the Solar Core, such as smart contracts and decentralized storage, to build a wide range of applications. The SXP token, being the primary currency of Solar DApps, can be used for transaction fees on the Solar blockchain and for staking to secure the network. Users can also participate in the governance of the Solar blockchain by proposing and voting on changes to the protocol. Furthermore, the Solar blockchain seeks to provide sustainable, clean energy solutions to remote areas, highlighting its potential in the renewable energy sector.
Solar Network was founded in 2018 by Joselito Lizarondo and Nayiem Willems, who had previously launched Swipechain. Their mission was to leverage blockchain technology to provide sustainable, clean energy solutions to remote areas. The Solar Blockchain Foundation was established in December 2021 in Estonia, following the acquisition of the remaining outstanding shares of Swipe (SXP). The foundation's key focus is to build a blockchain ecosystem involving open-source developers and a thriving community. There are 556,386,099.063 SXP tokens in circulation.
We update our Solar to SGD currency in real-time. Get the live price of Solar on Coinbase.
The current market cap of Solar is S$148.56M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Solar is S$7.55. This all-time high is highest price paid for Solar since it was launched.
Over the last 24 hours, the trading volume of Solar is S$3.33M.
Assets that have a similar market cap to Solar include Loopring, Civic, Rocket Pool, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Solar is 646 million.
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