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Darwinia Network RING

Darwinia Network header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rank™
Price
$0.006540130000 +7.6%
Market Cap
$3.20M (#1217)
Supply
489.43M / 10.00B
Price
52W High price $0.12
52W High date 4th Nov 2021 (8 months ago)
All Time High (ATH) Date 14th Mar 2021 (1 year ago)
ATH Price $0.30
% From ATH -97.75%
All Time Low (ATL) Date 17th Mar 2020 (2 years ago)
ATL Price $0.001499430000
% From ATL 355.9%
Supply & Trading Volume
Trading Volume (24h) $40,598.00
Total Supply 10.00B
Max Supply 10.00B
Circulating Supply 489.43M
Description

Darwinia Network (RING) is a decentralized, cross-chain bridge network on Substrate. It claims to be one of the safest bridge solutions out there, intended to connect Polkadot, Ethereum, TRON, and other chains through cross-chain asset transfers and general remote chain calls.

Darwinia Network (RING) is a decentralized, cross-chain bridge network on Substrate. It claims to be one of the safest bridge solutions out there, intended to connect Polkadot, Ethereum, TRON, and other chains through cross-chain asset transfers and general remote chain calls.

That said, its main applications include Decentralized Finance (DeFi), Cross-Chain NFT trading markets, games, and so on.

In other words, Darwinia has essentially built a permissionless, non-custodial bridge protocol, one which features a high level of efficiency, with low costs, and decentralization of cross-chain tokens and NFT transfers.

It has a bridge solution that has the intention of integrating technologies, including the super-light client alongside the zero-knowledge and optimistic verification mechanism.

Darwinia Network is a decentralized bridge, which can carry high-value cross-chain asset transmission.

Darwinia has two different coins, one being RING and the other being KTON.

The RING Token Explained

The RING token is the native cryptocurrency token that powers the Darwinia Network. It is used to pay for the GAS fees of the on-chain transactions and the cross-chain services. That said, RING has additional functionality, such as being a staking reward, which allows users to obtain power when it comes to voting, which allows them to be a part of the governance of the network.

However, tokenomics don’t end here, as in a way to encourage users to make long-term commitments and pledge, users can choose to lock up their RING tokens for three to thirty-six months through the process of staking. The system will, in turn, offer them a KTON token as a reward for participating in this staking process.

Features of Darwinia Network

Darwinia ChainRelay is a super light-client Chain Relay, which essentially facilitates the upgrade of a single-chain application protocol to cross-chain versions of them.

Darwinia’s cross-chain token bridge solution is essentially this two-way cross-chain token bridge based on the chain relay. This chain relay is intended to adopt the design of the Darwinia Sublinear Relay, which has better performance.

In other words, through all of this, Darwinia can have some truly unique features. For example, the Darwinia Network provides an entrance to the Polkadot ecology for projects which have been deployed on public blockchains, including Ethereum and the Binance Smart Chain (BSC). Additionally, the Darwinia smart contract application is fully compatible with the Ethereum virtual machine and can support dApps such as DeFi and NFTs, which can then be easily migrated to Polkadot.

This int-run allows for a high-quality experience that has low transaction fees and quick transaction confirmation speeds.

All of this is driven by a sound governance system, where all token holders have the ability to submit their proposals to the network. That said, any upgrades to the network are coordinated on-chain and can be enacted autonomously, which ensures that Darwinia’s development can reflect the values of the community.

Founders of Darwinia Network

Alex Chien is the Co-Founder at Darwinia Network. That said, Darwinia Network was originally founded in 2018. Currently, the development team of Darwinia includes over 20 members.

1.1 Insights

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2. Price

RING/USD

2.1. Market Performance

How does Darwinia Network's (RING) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-21.4%

RING

-10.1%

Similar Market Cap

60 Day Return

-50.3%

RING

-50.0%

Similar Market Cap

1 Year Return

-77.9%

RING

-40.1%

Similar Market Cap

3. Developer Activity

We're monitoring 119 Darwinia Network GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Darwinia Network Repos)

Commits vs. The Market

  • Past 4 weeks: 552 commits vs. an average of 4
  • Past 12 weeks: 1,118 commits vs. an average of 21
  • Past year: 6,125 commits vs. an average of 403

Most Active Repos

Past week 38
Past 12 weeks 184
Past year 1007
Past week 0
Past 12 weeks 0
Past year 374
Past week 0
Past 12 weeks 0
Past year 354
Past week 19
Past 12 weeks 44
Past year 286

Top Developers 2022

In total, 666 developers have contributed to Darwinia Network over the past year. Who are the most active Darwinia Network developers, by commits, over the past year?

Related Projects

Developers working on Darwinia Network also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Discord users
Active Discord Users
Telegram Users 16,435
Twitter followers 74,471
5. News

No recent news found.

6. Investment

No funding information found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://darwinia.network/
Explorer https://etherscan.io/token/0x9469d013805bffb7d3deb...
Twitter @DarwiniaNetwork

What is the correct contract address for Darwinia Network?

Ethereum 0x9469d013805bffb7d3debe5e7839237e535ec483

Has Darwinia Network been audited for security?

No security audits found for this project.

Are you the owner of Darwinia Network? Edit it here

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