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Price
$11.42
9/26/2022, 12:28:36 AM
diamondHands

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Market

Market stats

Market cap

$114.2M

Volume (24h)

$4.8M

Circulating supply

10.0M SSV

All time high

$21.52

Price change (1h)

+0.41%

Price change (24h)

+1.84%

Price change (7d)

-7.33%

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ssv.network is on the decline this week.

The price of ssv.network has fallen by 7.33% in the past 7 days. The price increased by 1.84% in the last 24 hours. In just the past hour, the price grew by 0.41%. The current price is $11.416155 per SSV. ssv.network is 46.95% below the all time high of $21.518962.

The current circulating supply is 10,000,000 SSV.

About

What Is SSV.network (SSV)?

SSV.network is a fully decentralized open Ethereum staking network. The network provides an open architecture for anyone who wants to run an Ethereum validator; from individual users to staking pools and large institutional staking services. SSV.network addresses the main concerns faced with Ethereum staking which include:

  • Custody and management of private keys 

  • Liveliness and redundancy

  • Single point of failure 

  • Security and encryption

  • Decentralization and governance 

As the whitepaper states, stakers/validators, operators, and DAO (decentralized organization) members are the three fundamental foundations of the SSV Network. The operators in the SSV.network form the backbone of the decentralized staking ecosystem, allowing stakers to join the network. Apart from this, operators and stakers can play a dual function, staking ETH while supporting other users with their stake management. Anyone can join the DAO and play an important part in the network's governance. 

The first secure and robust mechanism to split a validator key for ETH staking between non-trusting nodes, or operators, is with Secret Shared Validators (SSV). The protocol allows for the control and functioning of an Ethereum validator to be distributed. The key is split so that no operator has to rely on the other to function and no operator can take control of the network arbitrarily. Decentralization, fault tolerance, and security for Ethereum staking are the results.

Furthermore, SSV is the native token of the platform. The token serves as the link between the community and the SSV ecosystem. SSV's two key use cases are payments and governance. 

Stakers who use the SSV.network platform pay operators in SSV. Each participating network operator can set its price point and compete with others. In exchange for a proportion of fees collected by operators going to the DAO treasury, the DAO decides on the percent payout in an open vote. Fundamentally, the more ETH traded in the network, the more fees operators and the DAO's treasury seek to receive. The DAO's treasury aims to promote the network's growth and development initiatives, seeking to result in a virtuous cycle of ETH inflows and SSV revenue.

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FAQ

What is the current price of ssv.network?

The price of 1 ssv.network currently costs $11.42.

What is the market cap of ssv.network?

The current market cap of ssv.network is $114.16M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of ssv.network?

The all-time high of ssv.network is $21.52. This all-time high is highest price paid for ssv.network since it was launched.

What is the 24 hour trading volume of ssv.network?

Over the last 24 hours, the trading volume of ssv.network is $4.82M.

What other assets are similar to ssv.network?

Assets that have a similar market cap to ssv.network include Ultra, COTI, PlatonCoin, and many others. To see a full list, see our comparable market cap assets.

How many ssv.network are there?

The current circulating supply of ssv.network is 10 million.

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