DApp Store

All chains arrowright

All chains

Manta

zkSync Era

Base

Linea

Chiliz

ETH

BSC

Polygon

Sei

Sei V2

Plume

Fuel

World Chain

Sonic

Hyper EVM

Monad Testnet

Sahara AI Testnet

Plasma Testnet

Lens

Babylon Genesis

Hemi Network

svmBNB

Abstract Mainnet

Soneium

Berachain

Story Mainnet

Matchain

Arbitrum

Optimism

Bitcoin

Bitcoin Testnet

Bitcoin Signet

ZetaChain Mainnet

Zeta Evm Testnet

opBNB

Scroll

Core

Mantle

Sui

TRON

Solana

Aptos

Movement Testnet

SOON Devnet

SOON Mainnet

Fantom

Starknet old

Starknetv2

Nautilus

Polygon zkEVM

Avalanche-C

Celo

Heco

OKC Chain

KLAY

Cronos

WAX

Gnosis Chain

EOS

Terra Classic

NEAR Protocol

Harmony

Aurora

KCC Chain

Boba Network

Fuse

KardiaChain

IOST

ClassZZ

Caduceus

TRUE

Velas

smartBCH

Vision

Cosmos

TomoChain

Findora

GateChain

BitTorrent

Callisto Mainnet

Meter Mainnet

HALO

Yotta

IoTeX

Kava

BRISE

Telos

DogeChain

zkSync

PEGO

Fsc Scan

ThunderCore

Conflux eSpace

Shardeum Liberty 2.X

Ethereum Classic

Berachain Artio

Artio Testnet (Berachain)

Morph Testnet

Morph Holesky

Morph

Lumia

Merlin Chain

Sonic Testnet

Osmosis

Nillion Testnet

XION

Babylon Testnet

zkfair

Blast

Degen

Bitlayer

Taiko

Celestia

Saga

Mode

Ton

Coreum

BOB

Aleph Zero EVM

MEGA Testnet

Sperax

Sperax is a yield-bearing crypto-collateralized algorithmic stablecoin protocol on the Arbitrum network. USD holders benefit from native auto-yield, meaning that they automatically earn yield without having to stake or claim. The yield is generated organically from the collateral deployed on external DeFi protocols, such as Curve Finance.

What is Sperax?

Sperax is a decentralized finance (DeFi) protocol that aims to provide a robust platform for stablecoins and yield generation through automated market making. Launched in 2021, Sperax focuses on creating a stablecoin that is algorithmically backed and designed to maintain price stability, making it suitable for everyday transactions. The native token, SPA, serves multiple purposes within the Sperax ecosystem, including governance, staking, and earning rewards.

How Does Sperax Work?

Sperax operates on a dual-token model, consisting of the SPA token and the Sperax Stablecoin (USDs), which is pegged to the US dollar. The protocol utilizes smart contracts on the Ethereum blockchain to automate processes and ensure transparency. Users can mint USDs by depositing collateral in the form of SPA tokens, stake their SPA tokens in liquidity pools to earn rewards, and participate in governance decisions to influence protocol upgrades and fee structures.

What Makes Sperax Unique?

Sperax distinguishes itself through its algorithmically backed stablecoin, USDs, designed to maintain price stability without relying on traditional collateral. The platform integrates automated market-making mechanisms to provide liquidity and facilitate seamless transactions. Additionally, Sperax employs a burning mechanism where a certain number of tokens are burned on every transaction, creating scarcity over time and potentially increasing the token's value.

Who Are the Founders of Sperax?

The founders of Sperax include experienced professionals from various sectors, particularly in finance and technology. The co-founders are Sheng Wang, a former investment banker with extensive experience in financial markets and technology development; Yun Li, an expert in blockchain technology and decentralized systems with a background in software engineering; and Mike Chen, a seasoned entrepreneur focusing on fintech and blockchain innovations.

Latest News

What Key Events Have There Been for Sperax?

Sperax has cultivated strategic partnerships with several key players across various sectors, enhancing its ecosystem and facilitating wider adoption. Collaborations with well-respected blockchain platforms, financial institutions, and technology providers enable Sperax to leverage their partner networks and integrate diverse technologies. These alliances expand Sperax’s reach and build a more robust and interconnected ecosystem, driving substantial utility and adoption of its platform.

Project Announcements

Sperax places a strong emphasis on community engagement to drive growth and project adoption. The community is most active on platforms such as Twitter, Telegram, Discord, and Reddit, providing a dynamic environment for discourse and feedback. Sperax’s initiatives include regular updates through AMAs (Ask Me Anything) sessions, educational webinars, and incentivized participation programs like bounty campaigns and staking rewards. These efforts ensure that the community remains informed, engaged, and invested in the project’s success, fostering a loyal and supportive user base crucial for the long-term sustainability and adoption of Sperax.

Upcoming Events

No data

Projects Announcements

Where to Buy Sperax?

Sperax (SPA) tokens can be purchased on several cryptocurrency exchanges. Notably, KuCoin and Coinbase are among the most popular platforms where SPA is available for trading. These exchanges offer various trading pairs, including SPA/USDT, providing liquidity and accessibility for investors.

Sperax Price

Daily Trading Volume

As of July 4, 2025, the 24-hour trading volume for Sperax is approximately $4.23 million, indicating active trading and liquidity in the market.

All-Time High

Sperax reached its all-time high of $0.23991 on March 23, 2022. Compared to the current price of approximately $0.012, this represents a significant decrease of about 95%.

All-Time Low

The all-time low for Sperax was recorded at $0.0033 on September 22, 2023. Relative to the current price, this marks an increase of approximately 264%.

Market Cap and Valuation

Market Cap

The current market capitalization of Sperax is approximately $18.57 million, ranking it at #249 in the Ethereum (ERC20) Tokens sector.

Fully Diluted Valuation

With a total supply of 5 billion SPA tokens, the fully diluted valuation stands at approximately $54.88 million. This metric considers the potential market cap if all tokens were in circulation, providing insight into the project's valuation.

Sperax Price Prediction

Price predictions for Sperax vary among different sources. For instance, DigitalCoinPrice forecasts that SPA could reach an average price of $0.0237 by the end of 2025. Another source, Crypto.ro, predicts a higher average price of $3.84 for the same year. It's important to note that these predictions are speculative and based on various assumptions. Investors should conduct thorough research and consider multiple factors before making investment decisions.

FAQ

What is the Purpose of Sperax?

How Can I Participate in Sperax's Ecosystem?

What Sets Sperax Apart from Competitors?

Is Sperax Secure?

What are the Risks Associated with Sperax?

Community Sentiment

8.51K Votes

50% 50%

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.