⇑ SSV Coin surges amidst Ethereum Divergence and Major On-Chain Activity
SSV , an applications protocol is increasingly focusing on creating Ethereum infrastructure for 'based' apps. Alon Muroch , SSV's founder,...
SSV, a decentralized staking platform, has seen significant fluctuations, including rising by +484.97% within a 24-hour period and later falling by -37.22% within a similar window due to volatile market conditions. The founder, Alon Muroch, warns of the potential threat to Ethereum, the second-largest cryptocurrency by market capitalization.
He introduces an innovative approach 'SSV 2.0' bringing based applications (bApps) to Ethereum under SSV Labs, which is notable for its proposed decentralized staking module for Lido on Ethereum. The SSV network also plans to establish 'based' app infrastructure on Ethereum. This responsibility is shared with Movement Labs, who has developed a dev mainnet for the same purpose. Furthermore, the network has reached 1M staked ETH, enhancing the cryptoeconomic security of Ethereum. A collaboration with Lido Finance has been announced as well, emphasizing a community staking module. Another notable partnership is with P2P.org, introducing a DVT staking API.
Meanwhile, amidst its operational changes, Switzerland released a bicentennial gold shooting coin, and Binance made a significant announcement that affected viral meme coins. Important updates have also come from other cryptocurrencies: Rocket Pool targets an all-time high by 2025, and Bitcoin achieved a significant breakthrough reaching $21,000, later falling to $29k with a further decline in market cap. It is essential to note that as SSV makes steps towards decentralization, the crypto market remains subject to severe fluctuations.
SSV Coin News Analytics from Tue, 19 Oct 2021 04:29:26 GMT to Tue, 12 Aug 2025 14:16:57 GMT - Rating 2 - Innovation 9 - Information 7 - Rumor 6