Live Solar Price | SXP Chart, Volume & Stats

What is Solar?

Solar (SXP) is a community-driven Layer-1 blockchain network that emerged from the rebranding and migration of Swipe Network in 2022. Originally launched in 2019 as Swipe by founder Joselito Lizarondo, the project operated as a crypto debit card and wallet platform before being acquired by Binance in July 2020. Following a community-led initiative, the SXP token and its surrounding ecosystem transitioned away from the original Swipe brand and was reborn as Solar Network, with the mainnet launching in early 2022. The rebrand was driven by a grassroots group of token holders, delegates, and developers who voted to redirect the project toward pure blockchain infrastructure rather than fintech card services. Solar is built on a forked and heavily modified version of the ARK Core codebase, which was chosen for its modularity and Delegated Proof-of-Stake roots. The network uses a DPoS consensus model where 53 active delegates (forging nodes) produce blocks in rotation, elected by SXP holders who cast votes with their token balances. Blocks are produced every 8 seconds, giving the chain fast finality suitable for payments and on-chain governance actions. Beyond the base layer, Solar introduced Metachain, an EVM-compatible sidechain announced by the core team to let Solidity developers deploy smart contracts while still benefiting from SXP as a gas and staking asset. The ecosystem also includes SolarCard, a crypto payment card initiative that echoes the project's original fintech roots, as well as native tooling such as the ARK Deployer-inspired Solar Deployer, a desktop wallet, mobile wallet, and block explorer. SXP is listed on major exchanges including Binance, KuCoin, Gate.io, and Bitrue, and it retains meaningful liquidity across both spot and perpetual futures markets. The project is not without controversy: the migration from the original Swipe contract required a 1:1 token swap, and a portion of the community debated whether the project could sustain development without its former Binance-backed fintech revenue. Governance disputes over delegate voting concentration and changes to block rewards have also surfaced on community forums, though these are resolved through on-chain proposals. Notable partnerships over the years have included integrations with Ledger hardware wallets, listings on tier-one centralized exchanges, and collaborations with smaller DeFi protocols exploring DPoS-secured liquidity. Today, Solar positions itself as one of the few fully community-operated, non-VC-funded DPoS chains, with development funded through delegate contributions rather than a treasury allocation or token sale. The project's roadmap emphasizes Metachain smart contract deployment, cross-chain bridging, and expanding merchant utility through SolarCard. For traders watching the SXP price, the asset tends to be sensitive to exchange listing news, delegate election cycles, and broader market sentiment around small-cap Layer-1 blockchains. While Solar does not command the market capitalization of larger smart-contract platforms, it has maintained an active validator set and a consistent release cadence, making it a recognizable name among DPoS-focused networks alongside ARK, Lisk, and Tron. The community continues to promote SXP as a utility asset for fees, governance, staking, and commerce within an expanding but niche ecosystem.

Key Features of Solar

• Delegated Proof-of-Stake Consensus: Solar uses a DPoS model with 53 active forging delegates elected by SXP holders, producing 8-second blocks for fast confirmations. This design keeps energy consumption minimal compared to Proof-of-Work chains while maintaining decentralized block production.
• On-Chain Community Governance: Every SXP holder can cast a weighted vote for delegates directly on-chain, and major protocol changes are decided through community proposals rather than a foundation or VC board. This makes Solar one of the more participatory governance models among small-cap Layer-1s.
• EVM-Compatible Metachain: Solar is building Metachain, a sidechain that brings Ethereum Virtual Machine compatibility to the SXP ecosystem. This allows Solidity developers to deploy existing smart contracts while using SXP for gas, unlocking DeFi and NFT use cases on a DPoS-secured network.
• Energy-Efficient Network: Because block production is rotated among a fixed delegate set, the network avoids the electricity-intensive hashing of PoW chains. Solar markets itself as an environmentally conscious blockchain suitable for payments, tokenization, and Web3 applications.
• Community-Funded Development: Unlike most Layer-1 projects, Solar has no ICO treasury, VC backers, or premine allocation funding the team. Development is financed by voluntary contributions from active delegates who share block rewards, aligning incentives with long-term token holders.

Solar Use Cases

• Network Transaction Fees: SXP is the native gas token used to pay for transfers, vote transactions, multi-signature operations, and smart contract interactions on Solar and Metachain. Fees are intentionally kept low to support micropayments and high-frequency on-chain activity.
• Delegate Voting and Governance: Holders lock voting power proportional to their SXP balance to elect the 53 forging delegates who secure the chain. This voting doubles as governance, letting the community reward active contributors and remove underperforming validators.
• Staking for Rewards: By voting for a delegate, SXP holders effectively stake their tokens and receive a share of the block rewards that delegate produces, minus any fee the delegate charges. This offers passive yield without locking tokens in a separate smart contract.
• Crypto Payments via SolarCard: The SolarCard initiative aims to let users spend SXP and other digital assets at merchants through a branded debit card. This revives the project's original fintech DNA and extends SXP utility beyond on-chain use cases into everyday commerce.
• Smart Contract Collateral: On Metachain, SXP can be used as collateral or a base asset in DeFi protocols such as lending markets, DEXs, and yield vaults. Developers can deploy Solidity contracts while tapping into the liquidity and community already established around the token.

Solar Tokenomics

Total Supply

Solar operates with a dynamic supply model rather than a hard cap, as new SXP enters circulation through delegate block rewards. For the most current total and maximum supply figures, see CoinGecko for live data.

Circulating

Circulating supply grows steadily through forging rewards distributed to the 53 active delegates every 8 seconds. Dynamic — see CoinGecko for live figures.

Utility

SXP powers transaction fees, delegate voting, staking rewards, Metachain smart contract gas, and planned SolarCard payment settlement. It is the single economic asset across the entire Solar ecosystem.

Emission

Block rewards are issued every 8 seconds to whichever delegate forges that block, with the reward amount adjustable through on-chain governance. The community has historically adjusted emissions to balance inflation against network security incentives.

How to Buy Solar

1. 1

   1. Create a Binance account

   Go to binance.com or open the Binance app and sign up with your email or mobile number. Complete identity verification by submitting a government-issued ID and a selfie through the Identification section of your dashboard, which unlocks full spot trading and higher deposit limits.

2. 2

   2. Deposit funds

   Click Deposit in the top menu and choose either fiat (via card, SEPA, or bank transfer) or crypto such as USDT, BUSD, or BTC. If you send crypto from another wallet, always confirm the network (for example BEP-20 or ERC-20) matches the one Binance displays to avoid lost funds.

3. 3

   3. Find the SXP trading pair

   Use the search bar at the top of the Binance trading interface and type SXP. Select a pair such as SXP/USDT or SXP/BTC, then click Trade and choose Spot to open the order book for that market.

4. 4

   4. Place your order

   In the order panel choose Market for an instant fill or Limit to set your own price. Enter the amount of SXP you want or the total USDT you wish to spend, then click Buy SXP to execute. The tokens will appear under Wallet → Spot shortly after the trade settles.

5. 5

   5. Secure your SXP

   For long-term holding, withdraw SXP to a self-custody wallet such as the official Solar Desktop Wallet or a Ledger hardware device. Go to Wallet → Withdraw, select SXP, paste your receiving address, double-check the network, and confirm with 2FA before sending.

Frequently Asked Questions