SSV

SSV Network price

SSV
|
3.3/5
CyberScope
3.9
05/19/2024
TokenInsight
2.6
07/12/2023
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USD
USD
$42.5500
-0.77%
1h
24h
1W
1M
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SSV Network price live data

The current price of SSV Network is $42.5500. Since 00:00 UTC, SSV Network has decreased by -0.77%. It currently has a circulating supply of 7,085,673 SSV and a maximum supply of 11,276,871 SSV, giving it a fully diluted market cap of $301.42M. At present, SSV Network holds the 117 position in market cap rankings. The SSV Network/USD price is updated in real-time.

SSV Network price performance in USD

Time periodChange amount%Chg
Today-$0.33000 -0.77%
7 days$6.7000 +18.68%
30 days$4.8400 +12.83%
3 months$7.2100 +20.40%

SSV Network market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$42.1100
Last price $42.5500
24h high$44.6400
Heat index ranking
26
Market cap ranking
117
Market cap
$301.42M
Favorited rate
Percentage of users who favorited this asset to all users
1.96%
All-time high
$66.0300
-35.56% (-$23.4800)
Mar 25, 2024 (2 months ago)
All-time low
$11.3400
+275.22% ($31.2100)
Oct 20, 2023 (7 months ago)
ICO date
10/05/2021
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
7,085,673 SSV
Market cap at circulating supply
Market cap = Circulating supply × Last price
$479.72M

About SSV Network (SSV)

ssv.network (SSV) is a pioneering project that has emerged in the cryptocurrency space, aiming to cater to the evolving needs of users in the Ethereum ecosystem. Offering decentralized and secure ETH staking through Secret Shared Validator (SSV) technology, the network is poised to contribute to the advancement and maturation of the Ethereum ecosystem.

What is ssv.network

ssv.network is an open-source, decentralized ETH staking platform built on Secret Shared Validator (SSV) technology. It offers a unique infrastructure for splitting and distributing validator keys, known as Distributed Validator Technology (DVT). By splitting and distributing validator keys into multiple KeyShares, ssv.network enables Ethereum validators to operate across multiple non-trusting nodes.

Running an Ethereum validator on ssv.network brings numerous advantages to the network and stakeholders. It introduces active-active redundancy, ensuring the continuous operation of validators. Additionally, it enhances the security of validator keys, offering new levels of protection against potential threats. This technology benefits various participants, including the Ethereum network itself, staking pools, staking services, and individual solo stakers. 

The ssv.network team

The inception of ssv.network can be traced back to a research piece by the Ethereum Foundation, which laid the groundwork for its development. Subsequently, the BloxStaking team joined the initiative and successfully implemented the first Proof of Concept for SSV. This technology then evolved into the very first public implementation of SSV. 

How does ssv.network work

ssv.network operates by enabling the distributed operation of Ethereum validators through the splitting of the validator key. This key is divided among four or more non-trusting node instances, known as a multi-operator node. Each of these nodes is responsible for executing the validator's duties using the consensus mechanism. In essence, the validator key undergoes a transformation into a multisig construct governed by the consensus layer, ensuring a secure and decentralized validation process.

ssv.network’s native token: SSV

SSV is the native token of the ssv.network, playing a vital role in incentivizing and engaging the network's community and stakeholders. The token was launched in October 2021, coinciding with the peak of the bull market.

SSV tokenomics

SSV has a total supply of 11.01 million tokens, with a circulating supply of 10 million tokens. SSV does not have a maximum supply. Within the ssv.network ecosystem, SSV is used as payment for operators. Additionally, a portion of fees collected is allocated to the decentralized autonomous organization’s (DAO) treasury.

SSV use cases

The SSV token has two primary use cases: payments and governance. As a payment tool, SSV tokens are used by stakers to compensate operators who manage validators, ensuring the smooth operation of the network. In terms of governance, SSV token holders have the right to participate in decision-making processes by voting on proposals and even proposing changes themselves.

In addition to these main use cases, SSV tokens can also be utilized for trading, price speculation, or staking purposes. The versatility of the token allows users to explore different avenues within the SSV ecosystem and engage in activities that align with their preferences and trading strategies.

The future of ssv.network

The future of ssv.network looks promising, as it offers a groundbreaking and secure method of splitting Ethereum validator keys among non-trusting nodes. The ability for nodes to independently carry out their validator duties without the need for trust among them is a significant advancement. Even if some nodes are offline, it will not impact the performance of the validator. This innovative approach provides a reliable, secure, and fully decentralized solution for the network, setting the stage for further growth and adoption in the future.

SSV FAQ

What is ssv.network (SSV)?

ssv.network is a decentralized staking infrastructure designed specifically for Ethereum. It is the first implementation of the SSV protocol, which enables the distributed operation of ETH validators. The protocol achieves this by splitting validator keys into multiple KeyShares, which are then distributed among non-trusting nodes run by operators.

What are the benefits of ssv.network (SSV)?

ssv.network offers several benefits within the Ethereum staking ecosystem. Firstly, it provides a secure and decentralized infrastructure for staking, promoting the security and uptime of validators. Secondly, ssv.network rewards stakers and validators for their contributions, incentivizing active participation and supporting the network's overall health and growth. Finally, ssv.network enables token holders to actively participate in the governance of the network, allowing them to vote on proposals and have a say in shaping the future of the ecosystem.

Where can I buy SSV?

Easily buy SSV tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include SSV/USDT.

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1 SSV ≈ $42.5500 USD
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