Log in/ Sign up

About SOV

Sovryn is a non-custodial and permissionless smart contract-based system for Bitcoin lending, borrowing and margin trading. A DeFi platform for Bitcoiners, Sovryn has been live on RSK mainnet for roughly six months now, allowing users to trade Bitcoin natively and permissionless on a decentralized application. Without trusting a centralized entity or buying an altcoin, you can finally trade Bitcoin and power the system with Bitcoin. #ThisIsHowWeSovryn

Sovryn (SOV) is a cryptocurrency launched in 2021. SOV has a current supply of 100.00M with 63.78M in circulation. The last known price of SOV is 0.432406220368 USD and is 0.007307837353 over the last 24 hours. It is currently trading on active market(s) with $51,348.04 traded over the last 24 hours. More information can be found at https://sovryn.app/.

Official Website

Social Media

SOV Price Statistics
SOV’s Price Today
24h Price Change
+$0.0073078373531.72%
24h Volume
$51,348.0412.10%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.001861742916
Market Dominance
0.00%
Market Rank
#870
SOV Market Cap
Market Cap
$27.58M
Fully Diluted Market Cap
$43.24M
SOV Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SOV Supply
Circulating Supply
63.78M
Total Supply
100.00M
Max Supply
100.00M
Updated Nov 18, 2024 11:32 am
image
SOV
Sovryn
$0.432406220368
$0.007307837353(+1.72%)
Mkt Cap $27.58M
There's nothing here for now
BitcoinOS Platform Aims to Bring DeFi to Bitcoin
BitcoinOS Platform Aims to Bring DeFi to Bitcoin
According to Decrypt, blockchain developers have introduced a new platform called BitcoinOS, designed to bring decentralized finance (DeFi) to the Bitcoin network. The platform uses 'sovryn rollups' to create a foundational layer for decentralized apps (dapps) on Bitcoin, allowing developers to contribute and build new tools in any programming language. Edan Yago, a core contributor to BitcoinOS, explained that sovryn rollups use Bitcoin as a data availability layer, unlike ZK rollups, which rely on smart contracts on the parent chain. As Bitcoin does not have smart contracts, ZK rollups are not possible on the network. Bitcoin's main blockchain is known for being slow and expensive during high activity periods, with limited programming language options. Existing technologies like sidechains can enable faster transactions but require users to trust centralized, federated bridges and suffer from liquidity siloes. BitcoinOS claims to offer scalability, programmability, interoperability, and a near trustless security model with minimal tradeoffs. The platform's built-in fraud system allows even a single honest participant to prevent fraudulent transactions, according to a press release from Sovryn, the DeFi project behind BitcoinOS. Yago, who is also the founder and CEO of Sovryn, said that all projects built on BitcoinOS can seamlessly share users and activity since all rollups are built from the same modular parts. Following the announcement of BitcoinOS, Sovryn's native currency SOV surged 60% to $1.37, according to CoinGecko.
Jan 26, 2024 5:25 am

Frequently Asked Questions

  • What is the all-time high price of Sovryn (SOV)?

    The all-time high of SOV was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Sovryn (SOV) is 0. The current price of SOV is down 0% from its all-time high.

    Read More
  • How much Sovryn (SOV) is there in circulation?

    As of , there is currently 63.78M SOV in circulation. SOV has a maximum supply of 100.00M.

    Read More
  • What is the market cap of Sovryn (SOV)?

    The current market cap of SOV is 27.58M. It is calculated by multiplying the current supply of SOV by its real-time market price of 0.432406220368.

    Read More
  • What is the all-time low price of Sovryn (SOV)?

    The all-time low of SOV was 0 , from which the coin is now up 0%. The all-time low price of Sovryn (SOV) is 0. The current price of SOV is up 0% from its all-time low.

    Read More
  • Is Sovryn (SOV) a good investment?

    Sovryn (SOV) has a market capitalization of $27.58M and is ranked #870 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Sovryn (SOV) price trends and patterns to find the best time to purchase SOV.

    Read More