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How to Buy Sperax
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Sperax Price (SPA)
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Market stats
Sperax is on the decline this week. ↘
The price of Sperax has increased by 1.37% in the last hour and increased by 3.29% in the past 24 hours. Sperax’s price has also fallen by 7.58% in the past week. The current price is $0.0186 per SPA with a 24-hour trading volume of $8.29M. Currently, Sperax is valued at 92.26% below its all time high of $0.24. This all-time high was the highest price paid for Sperax since its launch.
The current circulating supply of Sperax is 1,691,682,260.96 SPA which means that Sperax has as total market cap of 1,691,682,260.96.
Overall
Market cap
$31.6M
Volume (24h)
$8.3M
Circulating
1.7B SPA
Hold time
10 days
Popularity
#869
All time high
$0.24
Price change
1 hour
↗ 1.37%
1 day
↗ 3.29%
1 week
↘ 7.58%
2 weeks
↗ 106.65%
1 month
↗ 166.99%
1 year
↗ 107.59%
1 year benchmarks
Performance
↗ 105.12%
Vs. Market
↘ 10.26%
Vs. BTC
↘ 9.48%
Vs. ETH
↗ 20.66%
About Sperax
SPA is the governance token of the Sperax ecosystem. Sperax is a DeFi protocol built on Arbitrum that mints Sperax USD - a stablecoin featuring ‘auto-yield’ generation. SPA tokens must be staked in order to participate in the Sperax DAO. Sperax ecosystem is governed by community of SPA stakers or veSPA holders, who make up Sperax DAO.
Sperax, also known as SPA, is an open-source development team that was established in late 2019. The team is dedicated to creating software products based on the Sperax protocol. At the heart of Sperax is the Sperax token ($SPA), which is used to power a suite of DeFi applications and the first auto-yield stablecoin, $USDs. Sperax aims to address the volatility issue that has been a hurdle for cryptocurrency adoption. By creating a stablecoin, Sperax strives to provide a solution that can be used as a medium of exchange without the high volatility associated with most cryptocurrencies.
Sperax operates by using the Sperax token ($SPA) as the core of its system. Users can mint new USDs by locking eligible collateral within the system. The protocol then mints an additional stablecoin. If the price of USDs drops below the peg, interest rates will decline, encouraging more users to burn their existing USDs and buy USDs from exchanges to burn them. This reduces the supply of USDs, pushing the price upwards. Sperax also employs a dynamic transition between algorithmic and collateralized mechanisms, adjusting the fraction of the money supply that is algorithmically determined versus the fraction that is collateralized.
Sperax aims to provide a stablecoin that can be used as a medium of exchange without the high volatility associated with most cryptocurrencies. This makes it potentially useful for a wide range of applications in the DeFi space. For instance, depositing stablecoins in a savings account can now generate positive yields for users who do not need to fear that changes in the price of the currency could offset any interest gain. Sperax also aims to implement a dual token system with a stablecoin (USDs), as well as a governance/value accrual token (SPA), providing more flexibility and potential use cases for its users.
Sperax was founded in late 2019 with the goal of addressing the volatility issue that has been a hurdle for cryptocurrency adoption. The team behind Sperax has focused on building software products based on the Sperax protocol, with the Sperax token ($SPA) at its core. Since its inception, Sperax has built the first auto-yield stablecoin, $USDs, and a suite of DeFi apps. Over time, Sperax has strived to combine elements of existing different designs, by being an algorithmic, scalable, trustless, and decentralized stablecoin protocol that operates on-chain.
Sperax Price History
Date | Price | Change |
|---|---|---|
Today (December 8, 2024) | $0.0186 | 3.03% |
24 hours ago (December 7, 2024) | $0.0180 | 3.29% |
1 week ago (December 1, 2024) | $0.0205 | -7.58% |
1 month ago (November 8, 2024) | $0.0070 | 166.99% |
1 year ago | $0.0091 | 107.59% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Sperax Calculator
FAQ
What is the current price of Sperax?
We update our Sperax to USD currency in real-time. Get the live price of Sperax on Coinbase.
What is the market cap of Sperax?
The current market cap of Sperax is $31.61M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Sperax?
The all-time high of Sperax is $0.24. This all-time high is highest price paid for Sperax since it was launched.
What is the 24 hour trading volume of Sperax?
Over the last 24 hours, the trading volume of Sperax is $8.29M.
What other assets are similar to Sperax?
Assets that have a similar market cap to Sperax include Argentine Football Association Fan Token, Gifto, Circuits of Value, and many others. To see a full list, see our comparable market cap assets.
How many Sperax are there?
The current circulating supply of Sperax is 1.7 billion.
What is the typical holding time of Sperax?
The median time that Coinbase customers hold Sperax before selling it or sending it to another account or address is 10 days.
What is the relative popularity of Sperax?
Sperax ranks 150 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of Sperax?
Currently, 100% of Coinbase users are buying Sperax. In other words, 100% of Coinbase customers have increased their net position in Sperax over the past 24 hours through trading.
Can I buy Sperax on Coinbase?
Yes, Sperax is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Sperax guide.
Social
Some highlights about Sperax on social media
412 unique individuals are talking about Sperax and it is ranked #1,068 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Sperax has an average sentiment score of 3.1 out of 5. Finally, Sperax is becoming more newsworthy, with 2 news articles published about Sperax. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Sperax. There were 21.13% of tweets with bullish sentiment compared to 15.49% of tweets with a bearish sentiment about Sperax. 63.38% of tweets were neutral about Sperax. These sentiments are based on 71 tweets.
On Reddit, Sperax was mentioned in 8 Reddit posts and there were 19 comments about Sperax. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
Contributors
412 people
Posts
75 posts
Dominance
0.03%
Volume rank
#1,068
Average Sentiment
3.1 out of 5
News Articles
2
Tweet Count
71 people
Sentiment
21.13%
Bullish
63.38%
Neutral
15.49%
Bearish
Comments
19
Comment Score
10
Coinbase Bytes
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. 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. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.