coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time
Rank #1208
Sifchain Price (EROWAN)
Sifchain (EROWAN)
$0.001535291759 -22.7%
0.00000009 BTC -22.3%
0.00000126 ETH -22.8%
On 15,312 watchlists
$0.001378067873
24H Range
$0.002022938459
Market Cap $3,825,983
Market Cap / FDV 0.84
Market Cap / TVL Ratio 9.39
24 Hour Trading Vol $155,587
Fully Diluted Valuation $4,566,464
Total Value Locked (TVL) $407,564
Fully Diluted Valuation / TVL Ratio 11.2
Circulating Supply 2,509,546,665
Total Supply 2,995,244,657
Max Supply 2,995,244,657
Show More Info
Hide Info

Sifchain Price Chart (EROWAN/USD)

Last updated 03:13AM UTC. Currency in USD.
Live Chart
Need more data? Explore our API
1h
24h
7d
14d
30d
1y
2.2%
-22.7%
-21.4%
-82.1%
-76.6%
-99.1%

EROWAN Price Today

Sifchain price today is $0.001535291759 with a 24-hour trading volume of $155,587. EROWAN price is down -22.7% in the last 24 hours. It has a circulating supply of 2.5 Billion EROWAN coins and a total supply of 3 Billion. If you are looking to buy or sell Sifchain, Sifchain is currently the most active exchange.

What is Sifchain?

Sifchain aims to be the first Omni-Chain DEX, targeting 20–25 blockchains for cross-chain integration.

The targeted blockchains represent the overwhelming majority of all cryptocurrency trading volume, meaning that the whole cryptocurrencies liquidity can be accessed on-chain through the Sifchain DEX.

As a decentralized exchange, Sifchain combines liquidity pools and order books for optimal order execution, while implementing adaptive AMMs for limit orders and token swaps.

Traders will be able to place limit orders that are executed against the liquidity pool as the market price fluctuates. Sifchain will also allow traders to use margin on their trades by borrowing from the liquidity pool. The interest rate is set based on market demand and liquidity supply.

Liquidity providers are able to add liquidity into Sifchain’s liquidity pools symmetrically or asymmetrically, while front-running in order placements is prevented through a commitment-reveal scheme.

Sifchain allows coordinated deployment of capital by DAOs, and simplifies the process of blockchain integration by lowering the barriers for open-source communities.

What is ROWAN?

Rowan is both Sifchain’s decentralized governance token and settlement token.

Sifchain’s validators can participate in the SifDAO with voting power that is proportional to the amount of Rowan they hold.

Rowan is also the settlement token for each liquidity pool in the Sifchain DEX, meaning that each pool contains Rowan as one asset and an external asset as the other. This means that traders swapping two external assets will use ROWAN as a settlement token.

How does Sifchain work?

Consensus Mechanism

Sifchain is an application-specific blockchain built on top of the Cosmos SDK and uses Tendermint’s consensus mechanism, which provides finality guarantees. This is an important feature for cross-chain token swaps.

Peggy

To accomplish cross-chain support, Sifchain uses a concept called Peggy to create a pegged token model. These peg zones are what allow assets to be easily transferred between Sifchain and external chains. This model is described as a 2-way peg (2WP).

Validator Set

Sifchain validators stake their own Rowan and the Rowan that is delegated to them by other Rowan holders. Sifchain’s consensus set consists of the top 100 validators with the highest quantity of Rowan staked. This validator set is refreshed every block. so that the changes to a validator’s total stake and its participation in the set are reflected almost immediately. There is no explicit minimum stake amount required to be a validator on Sifchain, as the amount staked by the lowest validator in the set serves as an implicit minimum.

Delegation

Any Sifchain user can delegate their tokens to any number of validators on the network. Delegating to a validator entitles the user to gain block rewards by paying a commission fee to the validator. Delegating to a validator does not give that validator direct control over the delegator’s funds. However, the delegator does assume the risk of being slashed if the validator misbehaves.

Where can Sifchain be traded?

You can trade Sifchain on Sifchain and Osmosis. Popular trading pairs for Sifchain in the market includes EROWAN/USD, EROWAN/CAD, EROWAN/AUD, EROWAN/GBP, EROWAN/INR, and EROWAN/PHP.

What is the 24 hour trading volume of Sifchain?

The 24 hour trading volume of Sifchain is $155,587.

What is the highest price for Sifchain?

The all-time high price of Sifchain is $1.41 on Mar 17, 2021 (over 1 year).

What is the lowest price for Sifchain?

The all-time low price of Sifchain is $0.001042821867 on Nov 12, 2022 (15 days).

Convert EROWAN to USD

EROWAN
USD
USD

1 EROWAN = $0.001535291759

EROWAN Price Statistics

Sifchain Price $0.001522259646
24h Low / 24h High $0.001378067873 / $0.002022938459
7d Low / 7d High $0.001476570738 / $0.004441507080
Trading Volume $154,568
Market Cap Rank #1208
Market Cap $3,792,949
Market Cap Dominance 0%
Volume / Market Cap 0.0404
All-Time High $1.41 -99.9%
Mar 17, 2021 (over 1 year)
All-Time Low $0.001042821867 44.9%
Nov 12, 2022 (15 days)
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...

Looking for the latest alphas?
Access exclusive reports by CoinGecko analysts!
CoinGecko Premium

Want to learn more about crypto?
Read beginner-friendly guides & articles.
Learn Cryptocurrency

Need Help?
Find the answers that you need in our Help Centre.
Help Centre