SSV Network SSV

1. Summary

Ranks

Liquidity

97

Developer

79

Social

81

Momentum (beta)

47

Stack Rank™

69

Price

$30.70 +3.6%

Market Cap

$217.53M (#231)

Supply

7.09M / 11.28M

Tags

Ethereum Ecosystem Coinbase Ventures Portfolio

More Metrics

Price
52W High price	$63.42
52W High date	26th Mar 2024 (4 months ago)
All Time High (ATH) Date	25th Mar 2024 (4 months ago)
ATH Price	$65.82
% From ATH	-40.11%
All Time Low (ATL) Date	18th Jun 2022 (2 years ago)
ATL Price	$3.67
% From ATL	973.74%

Supply & Trading Volume
Trading Volume (24h)	$19.86M
Total Supply	11.28M
Circulating Supply	7.09M

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Description

Overview

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Overview

SSV Network is a decentralized staking infrastructure that operates on the Ethereum blockchain. It is designed to increase decentralization, security, and liveness across the Ethereum consensus layer. The platform allows anyone to run an Ethereum validator in a trust-minimized environment, distributing validator duties to various node operators. This setup ensures high resilience, uptime, and fault tolerance, making it suitable for both DIY users and large institutional staking services.

Functionality

The SSV Network uses Distributed Validator Technology (DVT) to distribute validator operations across multiple independent operators. This setup is based on a QBFT consensus protocol and threshold signatures, which provide a secure and robust platform for staking operations. The DVT enables the creation of a validator without requiring specialized hardware or coordination, offering a simple and open staking environment.

Key Features

• Decentralized Security: Validator keys are split and distributed across multiple nodes, ensuring that no single operator has full control. This setup allows for the network to maintain operations even if some nodes go offline.
• Fault Tolerance: Validators are supported by multiple nodes, ensuring that the loss of a single node does not disrupt validator operations.
• Non-Custodial: Stakers retain full control of their validator keys and withdrawal addresses, reducing exposure to trust-based risks.
• Decentralized Governance: The network is governed by a DAO, which ensures a high level of decentralization and control over the network through voting mechanisms.

Benefits

• Scalable and Secure Staking: The SSV Network offers a secure and scalable infrastructure for staking operations, optimized for distributed validator technology.
• Open and Permissionless: The platform is open-source and requires no special permissions or trust-based arrangements to operate validators.
• Increased Resilience: By utilizing distributed validator technology, the network can maintain its staking operations even in the face of partial node failures.

Applications

The decentralized staking infrastructure of SSV Network is designed to support a wide range of applications, including staking services, decentralized finance (DeFi) protocols, and various other use cases that require robust and secure staking operations.

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