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Rank #2015


$4,376.43 1.7%
0.16034007 BTC 1.0%
2.46589168 ETH -0.6%
On 2,449 watchlists
24H Range
Market Cap $1,104,690
Market Cap / FDV 0.44
24 Hour Trading Vol $2,702.38
Fully Diluted Valuation $2,511,752
Circulating Supply 252
Total Supply 573
Max Supply 573
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DIGG Price Chart (DIGG)

Last updated 12:00AM UTC. Currency in USD.
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DIGG (DIGG) price has increased today.

The price of DIGG (DIGG) is $4,376.43 today with a 24-hour trading volume of $2,702.38. This represents a 1.70% price increase in the last 24 hours and a -3.60% price decline in the past 7 days. With a circulating supply of 250 DIGG, DIGG is valued at a market cap of $1,104,690.



What is DIGG?

digg btc defi badger

DIGG is the first elastic supply rebase token where its price is pegged to Bitcoin’s price. It is one of the products released by Badger Protocol.


How to obtain DIGG?

DIGG can be obtained by buying them from exchanges such as Uniswap or Sushiswap. You can find DIGG trading on various centralized and decentralized cryptocurrency exchanges


What is a Rebase token?

The concept of rebase tokens is a bit abstract. Unlike normal currencies, rebase tokens aim to peg their price towards a target. To do so, rebase tokens change their supply dynamically, corresponding to market demand. 

There are two prices to look at - the target price and the market price. If the market price is higher than the target price, the supply of the rebase tokens will be increased and vice versa. As such, users are actually owning a percentage of the network. 

For example, if a user owns 1% of the total supply, no matter if the rebase tokens are going through a positive or negative rebase, the user will still own 1% of the network in the end. Thus, to look at the value of rebase tokens, it is more insightful to look at their market capitalization rather than their price.

Ampleforth was the first rebase token where it has a target price peg of $1. After the launch of Geyser, its liquidity mining programme, Ampleforth skyrocketed from a valuation of $10 million to a peak valuation of $687 million. It later helped to inspire the launch of multiple algorithmic stablecoins such as ESD, DSD, FRAX, MIC, and BAC


How does DIGG rebases?

The rebase mechanism works similarly to Ampleforth. Currently, rebases are scheduled daily at 8PM UTC. Initial supply has been set at 4,000 DIGG. 15% of the initial supply were airdropped to Sett users. There is a yield farm to earn DIGG alongside BADGER for roughly 22 weeks starting from 23rd January 2021. 

Below is the formula used to execute the supply rebase, with Rebase Multiplier set at 10 as DIGG aims to reach parity with BTC in 10 rebase periods. 

Deviation from peg = (Current Price - Target Price) / Target Price

Rebase Amount = Current Supply * (Deviation From Peg/Rebase Multiplier)

New Supply = Current supply + Rebase Amount

For example, if a user owns 40 DIGG (1% of total supply) today with the DIGG price of $50,000 and BTC price of $40,000, the user has $2 Million worth of DIGG. With the positive rebase, supply will increase by 2.5% and the price is expected to drop to $48,780.49. As such, the user will end up owning 41 DIGG, worth $2 million after rebase, which is the same as before!

Users can lock up their DIGG in Badger to receive bDIGG. Other than to earn more farming rewards, bDIGG is an attempt to make DIGG more composable in the DeFi ecosystem by making away with the supply changes daily. bDIGG supply will not be influenced by the supply rebases while its value will represent the underlying amount of DIGG, similar to yield-bearing tokens. 


What is the risk of investing in a rebase token?

Rebase tokens value is heavily tied with its market demand, but as it lacks intrinsic demand for any usage, currently it is mainly backed by speculation. 

Rebase tokens try to stabilise its price through Liquidity Provider (LP) tokens, pairing with tokenized assets that have its target price. For example, for USD rebase tokens, they are usually paired with stablecoins such as USDC or USDT. Meanwhile for BTC rebase tokens, DIGG is paired with WBTC. Normally there will be a yield farming programme for LPs to bootstrap liquidity. 

Becoming a LP for rebase tokens is highly risky. For example, in the early stage, there are high yield farming rewards offered for DIGG/WBTC LP UNI tokens. Users who want to earn the rewards will have to provide WBTC to the UNI pool where half of the WBTC will be converted into DIGG, pushing up DIGG price. 

At the later stage, rewards normally will reduce and there will be higher DIGG supply in the market. Without any other demand to hold DIGG’s price, DIGG may experience a selloff, where LP will exit through WBTC, causing DIGG’s price to crash. When negative rebase happens, the amount owned by the user will further decrease, inducing panic among users. This will further compound the selloff, initiating a vicious spiral downwards. 

Rebase tokens are still experimental in nature. Whether the demand for such financial products is sustainable remains to be seen. Please proceed with caution. 

Where can you buy DIGG?

DIGG tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade DIGG is Sushiswap, where the most active trading pair DIGG/WBTC has a trading volume of $2,755.79 in the last 24 hours.

What is the daily trading volume of DIGG (DIGG)?

The trading volume of DIGG (DIGG) is $2,702.38 in the last 24 hours, representing a 84.30% increase from one day ago and signalling a recent rise in market activity.

What is the all-time high for DIGG (DIGG)?

The highest price paid for DIGG (DIGG) is $93,637.98, which was recorded on Jan 25, 2021 (about 2 years). Comparatively, the current price is -95.30% lower than the all-time high price.

What is the all-time low for DIGG (DIGG)?

The lowest price paid for DIGG (DIGG) is $2,416.62, which was recorded on Jun 22, 2022 (9 months). Comparatively, the current price is 81.10% higher than the all-time low price.

What is the market cap of DIGG (DIGG)?

Market capitalization of DIGG (DIGG) is $1,104,690 and is ranked #2015 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DIGG tokens (250 tokens are tradable on the market today).

What is the fully diluted valuation of DIGG (DIGG)?

The fully diluted valuation (FDV) of DIGG (DIGG) is $2,511,752. This is a statistical representation of the maximum market cap, assuming the maximum number of 570 DIGG tokens are in circulation today. Depending on how the emission schedule of DIGG tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of DIGG compare against its peers?

With a price decline of -3.60% in the last 7 days, DIGG (DIGG) is underperforming the global cryptocurrency market which is up 2.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

What is the market sentiment of DIGG today?

There are no votes on DIGG (DIGG) today. Be the first to vote and share this with your community.

How to add DIGG (DIGG) to MetaMask?

Adding DIGG (DIGG) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import DIGG as a token. You can copy DIGG’s contract address (0x798d1be841a82a273720ce31c822c61a67a601c3) and import it manually, or if you've installed MetaMask's chrome extension, add DIGG to MetaMask with one click on CoinGecko.

Add DIGG to MetaMask.

DIGG Converter

1 DIGG = $4,376.43

DIGG Price Statistics

DIGG Price $4,376.43
24h Low / 24h High $4,226.89 / $4,403.81
7d Low / 7d High $4,251.68 / $4,613.24
Trading Volume $2,702.38
Market Cap Rank #2015
Market Cap $1,104,690
Market Cap Dominance 0%
Volume / Market Cap 0.0024
All-Time High $93,637.98 -95.30%
Jan 25, 2021 (about 2 years)
All-Time Low $2,416.62 81.10%
Jun 22, 2022 (9 months)

DIGG Markets

Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Updated Trust Score
1 DIGG/WBTC Live Chart 0x798d1be841a82a273720ce31c822c61a67a601c3
0.159691841925307 0X2260FAC5E5542A773AA44FBCFEDF7C193BC2C599
0.6% $4,342 $4,329
0.620 DIGG
- Recently
2 WBTC/DIGG Live Chart 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
6.37277554233286 0X798D1BE841A82A273720CE31C822C61A67A601C3
0.61% $1,276 $1,273
0.007 WBTC
- Recently
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* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours
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