Gate News Bot News, July 22, according to CoinMarketCap, as of the time of writing, SOV (Sovryn) is currently priced at $0.10, down 26.06% in the last 24 hours, with a high of $0.15 and a low of $0.10. The current market capitalization is approximately $6.32 million. Sovryn is a decentralized Bitcoin trading and lending platform. The platform supports various functions, including lending, earning yield, asset conversion, and governance participation. Sovryn also offers margin trading features with up to 5x leverage. The total value locked on the platform is approximately 654.42 BTC, which is equivalent to 7,647,270 USD. Sovryn has also launched a multi-chain launch platform called Origins, where users can participate in the presale of the $BOS token. Important news about SOV recently: 1

Fidelity, a global top asset management company (, in its latest released Crypto Assets market insight report, clearly positions Ethereum ) ETH ( as a Store of Value, SoV ) and an alternative wealth preservation tool. This endorsement from a Wall Street institution marks a significant increase in the recognition of the Ethereum network and its native asset ETH by traditional finance giants, with the ETH value storage narrative receiving strong support.

ChainCatcher News, CryptoQuant CEO Ki Young Ju posted on X, stating that the total store of value (SoV) of the BTC network, combining on-chain and off-chain data, has reached 1.03 trillion US dollars, an 85% rise compared to the same period last year. From the SoV index trend chart shared, this indicator can be seen in 2024