SXP
About SXP
The price of SXP (SXP) is $0.21003930 today, as of Sep 16 08:19 p.m., with a 24-hour trading volume of $12.02M. Over the last 24 hours, the price has increased by 0.14%. SXP currently has a circulating supply of 616.57M and a market cap of $129.50M.
SXP is the utility token of the Solar Network, a high-speed, low-cost layer 1, or base layer, blockchain network optimized for payments.
The token powers the Swipe Network, a white label crypto wallet and Visa debit card provider that was acquired by crypto exchange Binance in 2020 and briefly pivoted to decentralized finance (DeFi). While Swipe still offers crypto-to-fiat debit cards, SXP rebranded to Solar in December 2021.
SXP launched at $0.23 in 2019. The coin rose to $4.30 in 2020 when Binance announced its acquisition but had fallen just below a dollar by the start of 2021. When the crypto market boomed, SXP hit highs of $5.44 in May 2021. After the wider market crashed, so did SXP, which by June 2022 had fallen to $0.53.