Sperax Price

Sperax is a cryptocurrency token that operates on the Ethereum and Arbitrum blockchains. It serves as the governance token for the Sperax project, which aims to build a full-stack DeFi ecosystem and promote financial inclusion. Key features of SPA include: 1. Governance: SPA holders can participate in decision-making for the Sperax platform. 2. Dual-chain support: Available on both Ethereum and Arbitrum networks. 3. Limited supply: Maximum supply capped at 5B SPA tokens. 4. Market position: Currently ranked #917 with a market cap of $28.2M. 5. Price performance: Trading at $0.01296 with a 24-hour change of +2.7%. The Sperax project, launched in late 2019, has developed products like the Sperax USD (USDs) stablecoin and the Sperax Play mobile app, which has gained over 600,000 users since its release in April 2021. SPA plays a crucial role in the Sperax ecosystem, allowing holders to influence the project's direction and participate in its growth. As of 2025-07-24, SPA has a circulating supply of 2.17B SPA tokens, representing 43.51% of its total supply. The token's all-time high of $0.2394 was recorded on March 23, 2022.

Sperax was created in late 2019. The project was founded with the goal of building a full-stack DeFi ecosystem and promoting financial inclusion. Sperax launched its native token SPA in August 2020, which is used for governance and utility within the Sperax ecosystem. Since its inception, Sperax has developed products like the Sperax USD (USDs) stablecoin and the Sperax Play mobile app, which has gained over 600,000 users since launching in April 2021.

The founders of Sperax are Jinglan Wang and Vishal Sriram. Jinglan Wang serves as the CEO and co-founder, while Vishal Sriram is the CTO and co-founder. They established Sperax in late 2019 with the goal of building a full-stack DeFi ecosystem and promoting financial inclusion. The project aims to provide accessible decentralized finance services to a wide range of users. Since its inception, Sperax has launched products like the Sperax USD (USDs) stablecoin and the Sperax Play mobile app, which has gained over 600,000 users since its release in April 2021. The founding team's expertise in cryptography and blockchain technology has been instrumental in developing Sperax's innovative consensus protocol and DeFi solutions.

Sperax works as a utility token within the Sperax ecosystem, which aims to provide accessible DeFi services. Here's how it functions: 1. Governance: SPA holders can participate in protocol governance, voting on key decisions. 2. Staking: Users can stake SPA to earn rewards and secure the network. 3. Fee payments: SPA is used to pay transaction fees on the Sperax blockchain. 4. Liquidity provision: SPA can be used to provide liquidity in decentralized exchanges. 5. Collateral: It serves as collateral for Sperax's stablecoin, USDs. 6. Ecosystem incentives: SPA rewards are distributed to users participating in various Sperax DeFi products. The token operates on both Ethereum and Arbitrum networks, enhancing accessibility and reducing transaction costs. With a current price of $0.01296 and a market cap of $28.2M, Sperax plays a crucial role in Sperax's mission to bridge traditional internet users with crypto applications, fostering greater financial inclusion through blockchain technology.

Sperax utilizes a hybrid architecture combining Proof-of-Stake (PoS) consensus with the BDLS (Byzantine Distributed Ledger System) protocol. This design enables high throughput, fast finality, and enhanced security. The network is built on Ethereum and Arbitrum, leveraging their scalability and interoperability. Sperax's native token SPA is used for governance, staking, and transaction fees. The platform supports smart contracts and decentralized applications (dApps), with a focus on DeFi services. Sperax's innovative approach includes a multi-asset stablecoin system and synthetic assets, aiming to bridge traditional finance with blockchain technology. The architecture prioritizes efficiency, security, and scalability to support a growing ecosystem of financial applications and services.

The future and roadmap of Sperax (SPA) look promising. The project aims to expand its ecosystem and enhance its DeFi offerings in the coming years: 2025: Focus on improving the Sperax USD (USDs) stablecoin and increasing its adoption. 2026: Launch of Sperax Synthetic assets and Derivatives products. 2027: Expansion of the Sperax blockchain to support more DeFi applications and cross-chain interoperability. 2030: Targeting 5 million users for the Sperax Play mobile app and establishing Sperax as a leading DeFi platform. Long-term vision: Become a full-stack DeFi ecosystem, promoting financial inclusivity globally. Price predictions: 2026: $0.0149 2030: $0.02556 2035: $0.05424 With its innovative consensus protocol and focus on user-friendly DeFi services, Sperax is well-positioned for growth in the evolving crypto landscape.