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Cryptocurrencies/Coins/SSV Network (SSV)
SSV Network price, market cap on Coin360 heatmap

SSV Network(SSV)

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0.00048844 BTC
Market Cap (Rank#230)
4,884 BTC
Vol 24h
99.5959 BTC
Circulating Supply
Max Supply
37 days agocoindesk
SSV DAO to Distribute $10M in Grants for Staking Projects Ahead of Ethereum Merge
The organization will distribute grants in USDC, ETH and SSV tokens.
186 days agocryptodaily Secures $10 Million To Build Decentralized ETH 2.0 Staking Infrastructure
Ethereum staking is of growing interest to cryptocurrency enthusiasts due to the upcoming launch of ETH 2.0. However, there is also a growing demand for decentralized ETH staking solutions. Is one of the providers facilitating that activity, and they raised $10 million to optimize its infrastructure. ETH 2.0 Staking Is Popular The concept of Ethereum staking continues to gain momentum in the cryptocurrency space. Although Ethereum's network upgrade does not support proof-of-stake yet, users can engage in pre-staking to earn rewards once this transition goes live. Becoming a full-fledged ETH 2.0 staker requires locking 32 ETH into a wallet address to serve as a network validator. To date, the staking contract holds over $28.7 billion - or over 9.347 million ETH - confirming this concept is very popular. However, not all users can stake 32 ETH. Thankfully, there are some solutions for delegated staking, exchange-based staking pools, and using trusted validators to achieve this goal. These options are viable, yet having a decentralized staking model would be preferable. The benefits of decentralizing ETH 2.0 staking include: Liquid staking protocols Staking pools no longer have to compromise on decentralization to provide a compelling user experience More straightforward access to ETH 2.0 staking To unlock these benefits, developers need to build the necessary infrastructure. Serves as an open-source, decentralized protocol simplifying access to decentralized ETH staking. Furthermore, through its Secret-Shared-Validator research, becomes the first protocol to help users split a validator key between non-trusting nodes or operators. Why Matters Trustless access to ETH 2.0 staking is a crucial aspect. This approach ensures robustness and stability while aiding in client diversification and further decentralizing the Ethereum network as a whole. Moreover, the research by for its SSV technology - now known as Distributed Validator Technology (DVT) - has become an essential element for the Ethereum Foundation's roadmap for ETH 2.0. Core Contributor Alon Muroch adds: "We identified DV technology at a very early stage as a critical component in Ethereum's transition to Eth 2.0. "It is incredible to see the level of adoption and participation at such an early stage in the network's life cycle. ETH staking and DeFi will be some of crypto's core themes in 2022 and both segments will benefit tremendously from decentralizing Ethereum's security layer, which we call Layer 0. 2021 was the year of L2, 2022 is set to become the year of Layer 0." A decentralized approach to Ethereum staking removes the need for relying on trusted validators custodying the private validator key owned by the user. Instead, enables staking at the infrastructure level - Ethereum's Layer 0. Moreover, the project has secured crucial partnerships with Digital Currency Grup, Coinbase, OKEX Ventures, NGC Ventures, Allnodes, RockX, AMBER, Skillz, and many others. Ongoing SSV Ecosystem Growth And Funding Furthermore, the SSV ecosystem has grown tremendously over the past few months. Thanks to a DAO Partner Program launched by in late 2021, the team has strengthened its community and attracted experienced technical users, industry leaders, and key personalities. The DAO Partner Program is still operational and aims to attract large ETH stakers to join the SSV DAO. The efforts by have attracted attention from blockchain investors and VCs. More specifically, the project secured $10 million in investment after receiving an Ethereum Foundation grant earlier. The growing financial support confirms the need for decentralized ETH 2.0 staking infrastructure and leveling the playing field for all service providers. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
186 days agocryptopotato
SSV Network Bags $10M From DAO Partners to Scale ETH 2.0 Staking
The decentralized open source project will use its new funds to scale up ETH 2.0 staking infrastructure

About SSV Network

The live price of SSV Network (SSV) today is 12.0041 USD, and with the current circulating supply of SSV Network at 10,000,000 SSV, its market capitalization stands at 120,041,255 USD. In the last 24 hours SSV price has moved 0.2102 USD or 0.02% while 3,002,753 USD worth of SSV has been traded on various exchanges. The current valuation of SSV puts it at #230 in cryptocurrency rankings based on market capitalization.

Learn more about the SSV Network blockchain network and how it works or follow the price of its native cryptocurrency SSV and the broader market with our unique COIN360 cryptocurrency heatmap.

SSV Network Price12.0041 USD
Market Rank#230
Market Cap120,041,255 USD
24h Volume2,447,714 USD
Circulating Supply10,000,000 SSV
Max SupplyNo Data
Yesterday's Market Cap116,911,320 USD
Yesterday's Open / Close11.4809 USD / 11.6911 USD
Yesterday's High / Low13.0204 USD / 11.4428 USD
Yesterday's Change
0.02% ( 0.2102 USD )
Yesterday's Volume3,002,753.20 USD
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