ssv.network Price

(SSV)
USD($)
ssv.network (SSV) Live Price Chart

ssv.network Live Price Data

The live price of ssv.network is $44.48, with a total trading volume of $ 426,892 in the last 24 hours. The price of ssv.network changed by -0.69% in the past day, and its USD value has increased by +16.49% over the last week. With a circulating supply of 10,000,000 SSV, the market cap of ssv.network is currently 475.72M USD, marking a --% increase today. ssv.network currently ranks #121 in market cap.
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Note: This data is for reference only.
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ssv.network(SSV) Profile

altRank121
rateB
Expand
Documentation
Contract
Ethereum 0x9D65fF...f54
Audited By
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Code & Community
Investors
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$41.60
$48.54
$65.93
-1.83%
-0.69%
+16.49%
$475.72M 
$327,670 
10,000,000
--

About SSV

How can I buy ssv.network (SSV)?

Buying SSV on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy ssv.network (SSV) for more information.

What Is SSV Network (SSV) Crypto?

SSV.Network is a decentralized, open-source network that can build high-performance, secure Ethereum-staking dApps. The protocol utilizes Secret Shared Validators (SSVs) or Distributed Validator Technology (DVT), an open and straightforward infrastructure for splitting and distributing a validator key into multiple KeyShares for secure, high-performance, and decentralized ETH staking applications.

SSVs form the network’s core, providing a secure and robust way to split a validator key for ETH staking between non-trusting nodes or operators. Any user can run an Ethereum validator node on SSV.Network conveniently by eliminating the need for a centralized validator. In its place, the network helps create a distributed validator, increasing the overall security and decentralization of the Ethereum PoS network.

SSV Network supports various staking applications, including Staking Pools, Staking Services, Solo Stakers, DAOs, Institutional Staking, Bridges, Shared Validators, and Slashing protection. The project offers developers a flexible infrastructure to create decentralized staking applications.

SSV, a ERC-20 token on Ethereum, is the native token of the SSV.Network, and is required for using the network and its services, making payments, and generating rewards. It also serves as the governance token, allowing token holders to submit proposals and vote on others’ proposals about the future evolution of the SSV Network.

How Does SSV.Network Work?

The SSV.Network serves as a middle layer between a beacon node and a validator client on the Ethereum network. It consists of the following key components:

Distributed Key Generation

An SSV instance operator can calculate and generate a shared public and private key set. Each participating operator owns a portion of the private key for true decentralization, preventing any single operator from taking over the entire private key.

Shamir Secret Sharing

A predefined threshold of KeyShares can help reconstruct a validator key using this process. While individual KeyShares cannot sign a duty, the system also allows for some faulty KeyShares.

Multi-Party Computation (MPC)

MPC on secret sharing lets SSV’s KeyShares be distributed among operators securely. This process also ensures decentralized computation of validator duties without reconstructing the validator key on a single operator’s device.

Istanbul Byzantine Fault Tolerance (IBFT) Consensus

SSV Network utilizes an IBFT consensus algorithm to randomly select a validator node to propose new blocks and update other network participants. The predefined threshold of KeyShares determines whether the block is valid before it gets added to the blockchain.

History of SSV Network and SSV Coin

SSV.Network’s public testnet was launched in April 2021, mainly to test the consensus mechanism used to function as an Ethereum validator. The project was initially called Blox Staking and received a grant from the Ethereum Foundation to develop Secret Shared Validators (SSVs) for Ethereum 2.0. It was later renamed to SSV.Network.

The project was forked to create SSV.Network V2 in April 2022. Network V2 fixed the number of validator subnets at 129, unlike the previous version, where each new validator created a new sub dynamically.

The Shifu SSV testnet V2 went live in August 2022, with several upgrades on validator and operator management, smart contract functionality, SSV fee payment, and more. Shifu V2, the new version of the SSV node, was announced in February 2023, letting all network nodes participate in duties used in Ethereum’s consensus.

In March 2023, the team announced the most recent iteration of their public testnet Jato. As of April 2023, this is the latest version of the network (testnet V3) and is the mainnet candidate of SSV.Network.

ssv.network (SSV) Price Movements ($)
PeriodChangeChange (%)
Today$-0.35-0.78%
7 Days$6.2916.50%
30 Days$-1.07-2.35%
3 Months$-14.29-24.31%
24H Investment Barometer
24H
Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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ssv.network Conversion Rate
  • 1 SSV to USD$44.48
  • 1 SSV to EUR€41.1
  • 1 SSV to AUD$67.35
  • 1 SSV to KRW₩60,885.28
  • 1 SSV to JPY¥6,987
  • 1 SSV to GBP£35.02
  • 1 SSV to INR₨3,694.8
  • 1 SSV to IDRRp714,895.82
  • 1 SSV to CAD$61.06
  • 1 SSV to RUB₽4,042.22

FAQ

How much is 1 ssv.network (SSV) worth?
KuCoin provides real-time USD price updates for ssv.network (SSV). ssv.network price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SSV to USD exchange rates.
Is SSV.Network a Good Investment?

SSV Network could be an interesting project to add to your portfolio, especially if you believe in the future potential of staking on the Ethereum ecosystem. As a provider of decentralized staking infrastructure for Ethereum, higher staking activity on the network could increase investor interest in its native token and support the SSV token price.

The price of SSV.Network token could strengthen as more developers build staking dApps using its technology. Increased innovation in Ethereum staking could drive the value of SSV crypto higher in the market, making it attractive to hold.

The price of SSV coin could also enjoy support from an improvement in the market sentiment toward cryptocurrencies and the DeFi sector in particular. Such a mood could increase investors’ demand for tokens such as SSV and boost the asset’s value.

What Is the SSV.Network Crypto Price Prediction?

Although it is impossible to offer an accurate SSV coin price prediction over any duration, several fundamentals could provide insight into the price action and volatility in the SSV.Network crypto. These include:

Level of Adoption

As more developers use SSV.Network’s technology to build and deploy staking dApps on Ethereum, the value of SSV coin could head higher. The increased on-chain activity could make the token more appealing to investors, boosting the SSV price statistics in the crypto market.

Future Innovation

When the developers behind the SSV.Network roll out more upgrades that increase the versatility of the project and add more use cases for its technology, it could become more attractive as a platform to use. This could also contribute to an uptrend in the SSV.Network coin price.

Market Outlook

A favorable outlook toward digital assets in general and DeFi and staking could also play a vital role in supporting the SSV token price. Increased demand for staking services on Ethereum as Ethereum 2.0 rolls out could also improve the appeal of SSV crypto as an investment.

How to Use SSV Token

Secret Shared Validator (SSV) is the native token of the SSV.Network and has the following use cases:

Native Currency

$SSV is used for stakers to compensate operators who manage their validators. It creates economic incentives for operators within the SSV.Network, letting operators fix their fees and compete with others in the decentralized network.

Governance Token

$SSV holders can also participate in the governance mechanism of the SSV.Network. They enjoy voting rights on important decisions like future upgrades and treasury allocations.

Crypto Asset to Trade and HODL

Trade SSV.Network token against other digital assets to profit from changing market conditions and volatility. You can buy or sell SSV on KuCoin Spot Market or other supported platforms or choose to hold it long-term if you believe in the future potential of the SSv.Network project. Remember to DYOR before making investment decisions, as digital assets are subject to high market risk and volatility.

How to Earn on SSV.Network

There are two key ways to earn on SSV.Network:

Operators

Operators can earn $SSV from stakers by managing their validators. They generate ETH rewards on behalf of stakers on the network and participate in decentralized staking activities supported by the platform.

Stakers

You can also earn on SSV.Network by participating as a staker. In this process, you must pay operators SSV tokens and earn ETH rewards from their validators.

In addition, you can also earn $SSV by trading it in the crypto market or HODLing it for an extended period.

Who Are SSV.Network’s Partners?

SSV.Network has an impressive list of partners supporting it, including Oneinfra, Amber Group, AU21 Capital, BloxStaking, Chainlayer.io, Coinbase Ventures, DCG, Lead Capital, NGC Ventures, and more.

In addition, the project counts Ankr, Blockscape, Lido, Stader Labs, StakeStar, Swell Network, ChainUP, and more among its grant recipients.

What is the all-time high price of ssv.network (SSV)?
The all-time high price of ssv.network (SSV) is $65.93. The current price of SSV is down 0.33% from its all-time high.
What is the all-time low price of ssv.network (SSV)?
The all-time low price of ssv.network (SSV) is $3.67. The current price of SSV is up 11.10% from its all-time low.
How much ssv.network (SSV) is there in circulation?
As of 5 24, 2024, there is currently 10,000,000 SSV in circulation. SSV has a maximum supply of --.
What is the market cap of ssv.network (SSV)?
The current market cap of SSV is $475.72M. It is calculated by multiplying the current supply of SSV by its real-time market price of $475.72M.
How do I store ssv.network (SSV)?
You can securely store your ssv.network in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SSV include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Binance Chain Native Token (BNB) to cash?
You can instantly exchange your Binance Chain Native Token (BNB) for cash using KuCoin's Fast Trade feature. This feature enables you to convert BNB to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.