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Darwinia Network

RING

Price
$0.0055
10/3/2022, 4:37:05 AM
diamondHands

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Market

Market stats

Market cap

$6.7M

Volume (24h)

$95,478.90

Circulating supply

1.2B RING

All time high

$0.31

Price change (1h)

-0.05%

Price change (24h)

-0.55%

Price change (7d)

-0.98%

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Darwinia Network is on the decline this week.

The price of Darwinia Network has fallen by 0.98% in the past 7 days. The price declined by 0.55% in the last 24 hours. In just the past hour, the price shrunk by 0.05%. The current price is $0.00555 per RING. Darwinia Network is 98.21% below the all time high of $0.31.

The current circulating supply is 1,215,410,984.715 RING.

About

What Is Darwinia Network (RING)?

Darwinia Network is a Web3 cross-chain bridge hub built on Substrate (a blockchain framework for future ) that enables the easy build of future-proof blockchains. The initial thought while developing Darwinia was to provide a low-level cross-chain solution for Evolution Land (the first Defi+NFT cross-chain game) though later it evolved as a decentralized cross-chain infrastructure. The Darwinia Network can be called the first game chain designed to connect to Polkadot. Thus, the development of the Darwinia network depends on both Polkadot and Substrate frameworks. 

Darwinia Network combines cutting-edge cryptography technology, verification games, and super-light client technologies to decentralize the cross-chain transfer process. The aim is to remove third-party participation altogether.

Darwinia Network application areas include DeFi, cross-chain NFT trading, games, etc. Further, Darwinia offers a safe bridging solution that connects to Polkadot, Ethereum, TRON, and other heterogeneous chains by the medium of cross-chain transfer of assets and remote chain calls. Darwinia Bridge Chain is also a bridging hub of Dapps and public chains.

Darwinia Network can operate itself as a stand-alone cross-chain network, and the Darwinia chain is responsible for consensus security and cross-chain interoperability. Darwinia has the choice to access Polkadot as a Parachain of Polkadot, after which Polkadot will take over and be responsible for the security of the Darwinia chain. Polkadot enables all the Parachain in Darwinia Network to connect to a broader external blockchain network.

The native token of Darwinia Network is RING which is used as gas for transactions. Gas includes contract execution fees, network bandwidth charges, storage fees, transaction fees, and more. As per the gene paper, the benefits of Darwinia Network includes transaction fees and block reward. The transaction fees include cross-chain staking fees, App-chain access fees, and others. Darwinia Network distributes newly generated RING on the blockchain as an incentive to the participants of staking. The staking process can also be understood through POS mining, wherein miners obtain staking energy by pledging tokens. POS mining refers to offering computing capability of traditional web and network service to serve the users of Darwinia Network.

History of Darwinia (RING):

Darwinia Network project started in late 2018. Alex Chein and Denny Wang are the co-founders of Darwinia Network. Alex and Denny have also worked on various blockchain projects in the past.

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FAQ

What is the current price of Darwinia Network?

The price of 1 Darwinia Network currently costs $0.0055.

What is the market cap of Darwinia Network?

The current market cap of Darwinia Network is $6.75M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Darwinia Network?

The all-time high of Darwinia Network is $0.31. This all-time high is highest price paid for Darwinia Network since it was launched.

What is the 24 hour trading volume of Darwinia Network?

Over the last 24 hours, the trading volume of Darwinia Network is $95.48K.

What other assets are similar to Darwinia Network?

Assets that have a similar market cap to Darwinia Network include Sylo, Cashaa, Tornado Cash, and many others. To see a full list, see our comparable market cap assets.

How many Darwinia Network are there?

The current circulating supply of Darwinia Network is 1.2 billion.

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