sBTC

SBTC Price

What is sBTC about?

sBTC allows users to peg-in BTC from Bitcoin L1 to Stacks L2, where it can be used in DeFi protocols, lending platforms, or AMMs (Automated Market Makers). Stacks is a Bitcoin Layer 2 (L2) that brings smart contracts, DeFi, and scalable applications to Bitcoin while inheriting its security. It uses Proof of Transfer (PoX) to settle transactions on Bitcoin without modifying its base layer. Stacks enables Clarity smart contracts, allowing decentralized applications (dApps) to interact with Bitcoin natively. With sBTC, a decentralized, 1:1 Bitcoin-backed asset, users can move BTC into Stacks to access DeFi and smart contracts while maintaining Bitcoin’s security. Stacks expands Bitcoin’s utility beyond a store of value, enabling it to be used for lending, yield generation, and trading in a trust-minimized way.

Where can you buy sBTC?

SBTC tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade sBTC is MEXC, where the most active trading pair SBTC/USDT has a trading volume of $26,776.35 in the last 24 hours.

What is the daily trading volume of sBTC (SBTC)?

The trading volume of sBTC (SBTC) is $2,679,153.52 in the last 24 hours, representing a 63.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for sBTC (SBTC)?

sBTC (SBTC) reached an all-time high of $209,313 and an all-time low of $40,224.46. It’s now trading -59.70% below that peak and 109.70% above its lowest price.

What is the market cap of sBTC (SBTC)?

Market capitalization of sBTC (SBTC) is $208,780,434 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SBTC tokens (2.5 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of sBTC (SBTC)?

The fully diluted valuation (FDV) of sBTC (SBTC) is $208,781,446. This is a statistical representation of the maximum market cap, assuming total number of 2.5 Thousand ETH tokens are in circulation today.

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

With a price increase of 9.90% in the last 7 days, sBTC (SBTC) is outperforming the global cryptocurrency market which is up 8.10%, while underperforming when compared to similar Liquid Staking cryptocurrencies which are up 10.00%.