12/8/2022, 11:46:03 PM

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Saber is on the rise this week.

The price of Saber has risen by 13.61% in the past 7 days. The price declined by 3.05% in the last 24 hours. In just the past hour, the price grew by 1.64%. The current price is $0.0013 per SBR. Saber is 99.88% below the all time high of $1.12.

The current circulating supply is 0 SBR.


What Is Saber (SBR)?

Saber (SBR) is a decentralized exchange that assists in providing the liquidity foundation for stablecoins. Stablecoin is a kind of cryptocurrency whose value is pegged to other assets. Users can deposit cryptocurrency into a Saber liquidity pool for gaining passive yield from token-based incentives, transaction fees, and automated DeFi mechanisms.

Saber is a cryptocurrency built on Solana. SBR leverages key advantages of Solana, which are immediate and low-cost transaction settlements. Users experience quick trading with almost no delay. Solana is a public, open-source blockchain that supports smart contracts, which includes decentralized applications and nonfungible tokens (NFTs).

Saber aims to link every asset in the world by providing a network liquidity foundation. Assets from one blockchain cannot exist on another; hence stablecoins are the prominent option and out of the tokens on disparate blockchains and exchange value across the entire ecosystem.

As mentioned in the white paper, Saber is a type of hyper-deflationary token, which rewards the token holders for holding the tokens. Saber utilizes the buyback approach that helps users to hold the token. Companies announce a buyback of the stock in the open market when a specific stock has low value but has a tendency of performing better in the future. The buyback approach helps traders to trade in the token. Saber has developed three major attributes with the help of the buyback approach, including an increase in value, trust, and reliability.

History of Saber (SBR)

Saber (SBR) was launched in June 2021 by Solana, a decentralized blockchain. The token was initially introduced as StableSwap on Solana's beta network.

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What is the current price of Saber?

The price of 1 Saber currently costs $0.0013.

What is the market cap of Saber?

The current market cap of Saber is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Saber?

The all-time high of Saber is $1.12. This all-time high is highest price paid for Saber since it was launched.

What is the 24 hour trading volume of Saber?

Over the last 24 hours, the trading volume of Saber is $81.08K.

What other assets are similar to Saber?

Assets that have a similar market cap to Saber include Paycoin, Paper DAO, DarkCrypto, and many others. To see a full list, see our comparable market cap assets.

How many Saber are there?

The current circulating supply of Saber is 0.