Sphere Finance SPHERE

1. Summary

Ranks

Liquidity

66

Developer

-

Social

81

Momentum (beta)

0

Stack Rank™

-

Price

$0.000251300000 +0.5%

Market Cap

$1.93M (#3224)

Supply

7.67B / 8.96B

Tags

Polygon Ecosystem

More Metrics

Price
52W High price	$0.001129418900
52W High date	27th Dec 2023 (1 year ago)
All Time High (ATH) Date	16th Apr 2022 (2 years ago)
ATH Price	$0.12
% From ATH	-99.66%
All Time Low (ATL) Date	5th Aug 2024 (5 months ago)
ATL Price	$0.000328720000
% From ATL	18.01%

Supply & Trading Volume
Trading Volume (24h)	$772.00
Total Supply	8.96B
Circulating Supply	7.67B

Less Metrics

Description

Sphere Finance is a decentralized finance (DeFi) protocol built on the Polygon network. It operates similarly to an S&P 500 index fund and aims to provide long-term performance. It has its own ecosystem that incubates other projects and offers liquidity services to its clients.

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Sphere Finance is a decentralized finance (DeFi) protocol built on the Polygon network. It operates similarly to an S&P 500 index fund and aims to provide long-term performance. It has its own ecosystem that incubates other projects and offers liquidity services to its clients.

The protocol uses a dynamic tax system for buying, selling, and transferring its native token, $SPHERE, which contributes to the ecosystem and triggers the burning of tokens, making it deflationary. This system ensures that no single entity can influence prices significantly. Mukhammara%Pinderlei Mukhammara%Pinderlei tokens have utility and increasing value, incentivizing long-term holding. $SPHERE tokens grant holders access to a diverse network of projects curated by the Sphere Finance team and community.

Sphere Finance uses its treasury to invest in valuable governance tokens across the DeFi space, thereby giving Sphere holders voting power over other influential protocols. The protocol focuses on building an ecosystem encompassing the opportunities of DeFi while maintaining industry-accepted security measures.

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