Hippius

SN75 Price

About Hippius (SN75)

Hippius is a decentralized cloud storage and computing platform that operates as a specialized subnet within the Bittensor network.

• It provides a self-healing, distributed storage solution designed to eliminate single points of failure through a global network of hardware providers.
• The platform offers S3-compatible storage and virtual machine services that are recorded and verified on a transparent blockchain.
• Users can access decentralized infrastructure without traditional requirements like KYC or mandatory wallet connection by using familiar authentication methods.

What Is Hippius

Hippius is a decentralized infrastructure project that aims to commodify cloud services such as storage and compute power. As part of the broader Bittensor ecosystem, it functions as Subnet 75, which is dedicated to providing reliable and transparent cloud solutions. The project facilitates a marketplace where hardware providers can lease their idle resources to developers and businesses.

Value moves through the system via the use of protocol-specific credits, which users purchase to pay for storage, virtual machines, and application hosting. The token is put to work as a means of payment for these services and as an incentive for storage miners who contribute verified hardware to the network. As the ecosystem grows, the decentralized nature of the provider pool allows the network to scale horizontally, increasing total capacity and resilience without centralized oversight.

What Makes Hippius Unique

• Arion Storage Architecture: A self-healing storage mechanism that automatically replicates and redistributes data to maintain availability even if individual nodes go offline.
• Reed-Solomon Erasure Coding: Files are split into 30 shards, and only any 10 shards are required to reconstruct the original data, allowing the system to tolerate up to 20 simultaneous miner failures.
• NaCl Encryption: Every data object is encrypted on the client side before being sharded and stored, ensuring that miners only handle encrypted bytes and have no access to raw user data.
• Frictionless Onboarding: The platform supports sign-up via Google or GitHub, lowering the barrier to entry for users who may not be familiar with managing cryptocurrency wallets.

What Can You Use Hippius for?

• AI Model and Dataset Hosting: Storing large-scale machine learning models and training datasets on a cost-effective, decentralized network.
• Decentralized Backup Solutions: Creating secure, immutable backups with automatic global replication to protect against data loss.
• Content Distribution Networks (CDNs): Deploying high-performance edge storage to deliver digital content faster while reducing infrastructure costs.
• Web3 Application Storage: Powering decentralized applications (dApps) with scalable, S3-compatible storage that integrates with standard developer tools.
• NFT Metadata Storage: Providing permanent and immutable storage for NFT artwork and associated metadata.

How Does Hippius Work?

Hippius operates using a custom Substrate-based blockchain that governs the registration of miners, cluster mapping, and reward distribution. The technical architecture relies on a sharding process where files are divided using erasure coding and distributed across independent storage miners. This process ensures that data is not stored in a single location but is spread across the network to maximize redundancy.

The blockchain acts as a transparent ledger that logs all service delivery and transaction history, ensuring that users receive exactly what they pay for. Miners are evaluated and rewarded based on their ability to provide verified storage capacity and maintain high uptime. Within this framework, the token functions as an application utility token, and fees are described as protocol service fees used to access the network's decentralized compute and storage resources.

Team Info and Investors

Hippius is developed by The Nerve Lab, a technical entity focused on building decentralized computing and storage solutions. The project is governed through a decentralized structure that utilizes the Bittensor Subnets validation mechanisms to oversee miner performance and network integrity. While the project is integrated into the Bittensor Ecosystem, the available source material does not specify individual founders or early-stage venture capital investors.

Where can you buy Hippius?

SN75 tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Hippius is Subnet Tokens, where the most active trading pair SN75/SN0 has a trading volume of $1,078,386.46 in the last 24 hours. Other popular options include MEXC and Kraken.

What is the daily trading volume of Hippius (SN75)?

The trading volume of Hippius (SN75) is $1,091,589.72 in the last 24 hours, representing a -39.50% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Hippius (SN75)?

Hippius (SN75) reached an all-time high of $9.85 and an all-time low of $0.1195. It’s now trading -47.90% below that peak and 4,196.00% above its lowest price.

What is the market cap of Hippius (SN75)?

Market capitalization of Hippius (SN75) is $25,004,410 and is ranked #787 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SN75 tokens (4.9 Million tokens are tradable on the market today).

What is the fully diluted valuation of Hippius (SN75)?

The fully diluted valuation (FDV) of Hippius (SN75) is $25,004,410. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Million SN75 tokens are in circulation today. Depending on how the emission schedule of SN75 tokens are designed, it might take multiple years before FDV is realized.

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

With a price increase of 43.00% in the last 7 days, Hippius (SN75) is outperforming the global cryptocurrency market which is up 12.80%, while outperforming when compared to similar Artificial Intelligence (AI) cryptocurrencies which are up 40.60%.