Evernode

Evernode PriceEVR

$0.094198
-$0.000121-0.13%

Last updated--

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Evernode Price Today

Current EVR/USD real-time price is $0.094198, with a 24-hour change rate of -0.13% and a 7-day change rate of +2.83%. EVR currently ranks #6435 globally by market cap, with a total market cap of $3.385857M, a fully diluted valuation (FDV) of $6.74846M, and a 24-hour trading volume of $0. In terms of supply, EVR has a maximum supply of 72.25M, a current circulating supply of --, with 0.00% already in circulation and 100.00% remaining to be unlocked.

About Evernode

Evernode (EVR) is a pioneering layer-2 smart contract platform built on the XRP Ledger, designed to bring scalable and efficient decentralized applications to the XRP ecosystem.

Key takeaways

  • Evernode is a layer-2 smart contract platform built on the XRP Ledger (XRPL), enabling scalable dApp development.
  • It operates using the Hooks amendment, a native smart contract functionality on the XRPL, and employs a unique Node Credit Consensus mechanism.
  • The EVR token is the native utility token used for paying hosting fees to node operators and for governance within the Evernode network.
  • With a fixed max supply of 72,253,440 tokens, EVR is designed to incentivize a decentralized network of hosts.
  • Evernode aims to expand the XRPL's capabilities by providing a familiar smart contract environment for developers, similar to Ethereum's EVM.

What is Evernode? Key Specifications & Tokenomics

Evernode is a decentralized platform that provides a scalable smart contract execution layer on top of the XRP Ledger, leveraging its speed and low-cost transactions.


ItemDetails
Name (Ticker)Evernode (EVR)
Alternative Names-
Consensus MechanismNode Credit Consensus (on XRPL Hooks layer)
Smart ContractsSupported via XRPL Hooks (Xahau network)
CategoryLayer 2, Smart Contract Platform
Hash AlgorithmSHA-512Half
Block RewardN/A (Fees paid to hosts in EVR)
Max Supply72,253,440 EVR
TPSInherits and scales upon XRPL's high throughput
Scaling SolutionLayer-2 execution on XRP Ledger
BlockchainXRP Ledger (Layer 1), Evernode (Layer 2)

Who created Evernode (EVR)?


Evernode was created by a development team deeply integrated within the XRP Ledger community. The project is spearheaded by Hooks, which is the codename for the native smart contract functionality on the XRPL. The Evernode platform itself is built by developers who proposed and implemented the Hooks amendment (XLS-38d) to the XRPL protocol. This group includes core XRPL developers and researchers focused on expanding the ledger's capabilities beyond simple value transfer. The development is community-driven, with oversight from the XRPL Foundation and validator consensus. The team's primary goal was to create a scalable, efficient layer-2 solution that allows developers to build complex decentralized applications (dApps) on the XRP Ledger without compromising its core benefits of speed and low cost.


How does Evernode (EVR) work?

Evernode operates as a second-layer network on top of the XRP Ledger. Its functionality is powered by the Hooks feature, which are small, efficient programs that run directly on XRPL accounts. Here's how the system works:

  • Layer-2 Architecture: Smart contracts (called "EApps") are deployed and executed on the Evernode network, a separate layer from the XRPL main chain. This keeps the main ledger fast and uncluttered while handling complex computations off-chain.
  • Node Credit Consensus: The network is secured and operated by hosts (nodes). These hosts stake EVR tokens to earn "credits," which grant them the right to host EApps. Consensus on the state of EApps is reached among these credited hosts.
  • Execution and Settlement: When a user interacts with an EApp, the computation happens on an Evernode host. The final state change or transaction result is then securely anchored back to the XRPL mainnet as a simple, verifiable transaction. This uses the XRPL for ultimate security and settlement.
  • The EVR Token: The EVR token is central to the network's economy. Developers use EVR to pay hosting fees to node operators for running their EApps. Hosts are incentivized with EVR rewards for providing reliable computation and storage resources.

What makes Evernode (EVR) unique and valuable锛>

Evernode's value proposition is tightly linked to its integration with the XRP Ledger and its novel technical approach.

  • Built on XRPL's Strengths: It inherits the XRP Ledger's proven advantages: fast transaction settlement (3-5 seconds), extremely low fees, and a decentralized, energy-efficient consensus mechanism. This provides a robust foundation for dApps.
  • Hooks-Powered Smart Contracts: Unlike bridged sidechains, Evernode uses the native Hooks functionality. This allows for tighter, more secure integration with the main XRPL, reducing complexity and potential bridge-related risks.
  • Scalability Solution: By moving smart contract execution off the main chain, Evernode addresses potential congestion, allowing the XRPL to remain optimized for high-speed value transfer while supporting a thriving dApp ecosystem.
  • Developer Familiarity: The platform aims to provide a development experience similar to Ethereum's EVM, making it easier for Web3 developers to port or build applications on the XRPL, thereby expanding its utility and developer base.
  • Fixed Supply Tokenomics: With a capped max supply, EVR is designed to be a deflationary utility token. Its value is tied to the demand for hosting services on the network, creating a direct incentive alignment for hosts and developers.

What is Evernode (EVR) used for?

The EVR token and the Evernode platform have several core utilities that drive its ecosystem.

  • Paying for Hosting Services: This is the primary use case. Developers who deploy decentralized applications (EApps) on Evernode must pay node operators in EVR tokens for the computational and storage resources their applications consume.
  • Network Governance: EVR token holders are expected to have governance rights in the future decentralized autonomous organization (DAO) that will guide the protocol's development, parameter changes, and treasury management.
  • Host Staking and Incentives: Individuals or entities who run Evernode host software must stake EVR tokens to participate in the network and earn credits. They earn EVR rewards for reliably hosting EApps, securing the network.
  • Enabling XRPL dApps: The platform's ultimate purpose is to enable a wide range of decentralized applications on the XRP Ledger, including DeFi protocols (DEXs, lending), NFTs, gaming, and enterprise solutions, all using EVR as the fuel.

How to buy EVR Coin?

EVR is a cryptocurrency that is gaining traction. For trading, it's advisable to use a large, reputable cryptocurrency exchange like BTCC, which typically offers higher liquidity and more robust customer support.

  1. Register a BTCC Account: Sign up using your email or phone number and complete the KYC verification to unlock more platform features and benefits. (How to buy USDT on BTCC)
  2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. (How to buy USDT on BTCC)
  3. Start Trading: Navigate to the trading page and search for the EVR spot trading pair (EVR/USDT) or the EVR perpetual futures contract (EVRUSDT). (Trade EVRUSDT)
  4. Place an Order: Enter the amount of EVR you wish to purchase and submit your order. For futures trading, you can also choose to go short (sell) and adjust leverage according to your strategy and risk tolerance.
  5. Confirm Your Purchase: For spot purchases, check your asset wallet to confirm the EVR tokens have been deposited. For futures, check your open positions on the trading page to confirm the order is active.

How to Buy and Use Evernode

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsEvernode is instantly credited to your BTCC account, ready for trading at any time.

Related Trading

Choose Evernode products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for EVR are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

Evernode FAQs

What is the live price, market cap, and 24h volume of Evernode (EVR)?

As of right now, the live price of Evernode (EVR) is $0.094198. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated EVR to USD rate at the top of BTCC’s price page. In terms of market scope, Evernode records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $3.385857M. Its current circulating supply stands at -- out of a maximum supply cap of 72.25M.

Why does the price of Evernode (EVR) fluctuate, and what drives its volatility?

The price volatility of Evernode (EVR) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (72.25M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.

What are the all-time high (ATH) and all-time low (ATL) for Evernode (EVR)?

Looking at its historical price performance, Evernode (EVR) hit an all-time high (ATH) of $0.650094 on 2024-03-20 04:00, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.034455 on 2024-08-29 23:35. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.

How to read the Evernode (EVR) price chart for futures trading?

When trading EVR futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.

How to profit from Evernode (EVR) price drops? (Short Selling Guide)

Unlike spot trading where you can only profit from rising prices, BTCC’s EVRUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Evernode, simply log into your BTCC account with USDT margin available, navigate to the EVRUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.

Can I trade Evernode (EVR) perpetual futures with high leverage on BTCC?

Yes. BTCC offers flexible, high-tier leverage options for EVRUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.

How to practice Evernode (EVR) futures trading with a free demo account?

Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.094198), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for EVRUSDT with zero financial risk.

Step-by-step guide: How to buy and trade Evernode (EVR) on BTCC?

Trading Evernode (EVR) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for EVRUSDT, and review its live price ($0.094198) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.