Solar Price

Solar (SXP) is a cryptocurrency that powers the Solar network ecosystem. Currently ranked #370 with a price of $0.1719, it has seen a +1.17% change in the last 24 hours. SXP serves as the utility token for transaction fees within the Solar network, with 80% of these fees being burned, effectively reducing the total supply over time. With a market cap of $111.33M and a 24-hour trading volume of $33.93K, SXP has established itself in the DeFi and payments sectors. The token has a circulating supply of 647.69M SXP out of a total supply of 606.85M SXP. SXP supports various functions within the Solar ecosystem including staking, smart contracts, and Web3 applications. Originally launched in 2019, it has evolved to support multiple use cases in payments, DeFi, and the broader blockchain ecosystem.

Solar (SXP) was created on August 14, 2019. The cryptocurrency was launched by Joselito Lizarondo, who has been described as an early Bitcoin adopter and miner. Since its inception, Solar has evolved into a versatile digital asset that supports various functionalities within the blockchain ecosystem, including DeFi applications, payments, and wallet services. As of 2025-06-28, Solar has established itself as part of the broader crypto market with a ranking of 370 and a current price of $0.1719.

-- was founded by Joselito Lizarondo and his team in 2019. Lizarondo made headlines when he burned all his founder tokens worth over $200 million, which represented approximately 17% of the total supply. This significant token burn was done to increase scarcity and value for token holders as part of the protocol's version 2 update with new tokenomics. The burn was reportedly executed without prior notification to other key stakeholders in the ecosystem.

Solar (SXP) operates as a utility token within the Solar network ecosystem. It functions on a Delegated Proof of Stake (DPoS) consensus mechanism, allowing token holders to vote for network delegates who validate transactions and secure the blockchain. SXP serves multiple purposes: • Medium of exchange for network transactions • Payment method within the Solar ecosystem • Governance token for voting on network proposals • Staking rewards for network participants With a current market cap of $111.33M and a circulating supply of 647.69M SXP, SXP is actively traded across over 220 exchanges with a 24-hour trading volume of $33.93K. The token has shown +1.17% price movement in the last 24 hours, currently valued at $0.1719. SXP is integral to Solar's Web3 infrastructure, supporting DeFi applications, payments processing, and wallet functionality. The token's utility continues to expand as the Solar network develops its IoT, metaverse, and smart contract capabilities.

Solar operates on a Delegated Proof-of-Stake (DPoS) consensus mechanism, built as a Layer 1 blockchain solution. The technical architecture features: • Core Infrastructure: A modular blockchain framework with separate components for consensus, networking, and transaction processing • Smart Contract Support: Enables decentralized applications and DeFi protocols • Cross-Chain Compatibility: Supports interoperability with Ethereum (ERC-20) and BNB Chain (BEP-20) networks • Governance System: On-chain voting mechanism where SXP holders can propose and vote on network changes • Block Production: 51 active delegates elected by token holders validate transactions and produce blocks • Transaction Processing: Capable of handling 150+ transactions per second with 8-second block times • Security Features: Multi-signature support and advanced cryptographic protocols The network maintains a total supply of 606.85M SXP SXP tokens with no inflation mechanism, ensuring long-term value preservation.

Solar (SXP) has a promising future with a comprehensive roadmap focused on ecosystem expansion. The team is working on enhancing the blockchain's scalability, improving cross-chain interoperability, and expanding DeFi capabilities. By 2026, Solar plans to implement advanced smart contract functionality and launch new governance features. The 2025-2027 roadmap includes developing enterprise solutions, expanding payment partnerships, and enhancing staking mechanisms to increase network security. With its current market cap of $111.33M and growing adoption in the DeFi space, Solar aims to strengthen its position in the Web3 ecosystem through strategic partnerships and continuous technological innovation. The development team is also focusing on metaverse integration and IoT applications to diversify use cases and drive long-term value growth.