Sperax

Algorithmic Stablecoin

SPA#1230Mcap $5.53M

$0.00279624hLast close

Performance

Cycle lowCycle rangeAll-time high

$0.001851$0.1695

All-time high$0.1695−98.7% · May 6, 2022

Cycle low$0.001851+22.5% · Jul 31, 2026

Volatility (30D)53.0%

Volatility (1Y)80.4%

Sharpe ratio (1Y)-1.07

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Converter

SPAUSDBTCETH

At the live price.

Metrics

Market

Market cap$5.53M

Fully diluted value$11.24M

Volume (24h)$262.3K

Circulating supply1.91B SPA

Max supply5.00B SPA

Mcap / FDV49.2%

Dominance0.000%

Turnover (24h)3.19%

Rank#1230

Sector rank#40 · Stablecoins

Trading

Markets39

Exchanges10

Trading sinceApr 10, 2022

Liquidity

Buy depth (−2%)$4.7K

Sell depth (+2%)$5.2K

Spot pairs counted9

Order-book depth within 2% of the price, summed across spot pairs.

Classification

SectorStablecoins

Sub-sectorAlgorithmic Stablecoin

EcosystemArbitrum

NetworksArbitrum · Ethereum · BNB Chain

Across Cryp2Nova

Protocol TVL$552.7K

Recent events

Named holder entered the top 100 · Sperax: SPA TokenNov 2, 2026

Named holder left the top 100 · CoinEx 27Nov 2, 2026

Named holder entered the top 1000 · CoW ProtocolOct 27, 2026

Named holder entered the top 1000 · BitunixOct 27, 2026

Named holder left the top 100 · LAToken 32Oct 26, 2026

Named holder entered the top 100 · Cobo: Custody 1Oct 26, 2026

Named holder left the top 100 · Sperax: SPA TokenOct 19, 2026

Social activity

Accounts mentioning it

24h2

7 days2

30 days6

Share of voice0.01%

Share-of-voice rank#1,139

Links

WebsiteWebsite

ResourcesWhitepaper Documentation Github

SocialDiscord Facebook LinkedIn Telegram X

ContentMedium YouTube

ExplorerBlock Explorer Etherscan

Contracts

Arbitrum One263.6K0x5575…40ad4b

Top markets

Supply

38.3% in circulationmax 5,000,000,000

Circulating supply1,912,749,169 SPA

Total supply4,954,700,241 SPA

Remaining to issue3,087,250,831 SPA

Latest news

Key facts

LaunchedApr 10, 2022

CategoryCryptocurrency

SectorStablecoins

TagsAlgorithmic Stablecoin

Sperax in numbers

Sperax (SPA) ranks #1230 by market capitalization, at $5.53M. It belongs to the Stablecoins sector (Algorithmic Stablecoin). It has traded since Apr 10, 2022, across 39 markets on 10 exchanges, with $262.34K of volume in the last 24 hours. Its all-time high of $0.169545 was reached on May 6, 2022; the current price is 98.7% below that peak. Its cycle low of $0.00185145 came on Jul 31, 2026.

38.3% of the maximum supply of 5.00B SPA is in circulation. 7 investors are recorded as backers, including Outlier Ventures, Alameda Research, Amber Group. On Arbitrum, 263,544 addresses hold SPA. It is available on 3 networks.

About Sperax

Sperax focuses on building DeFi products with access across L1 and L2 blockchains. With the Sperax token (SPA) at its core, Sperax has built an auto-Yield stablecoin, USDs.

Background

Launched in 2020, Sperax is headquartered in NYC. After envisioning a Sperax Layer 1 blockchain, the team transitioned to building the first auto-yield bearing stablecoin: Sperax USD (USDs).

December 2021

In December 2021, Sperax released USDs on L2 Arbitrum. Residing on-chain, USDs is backed by collateral and algorithmically by the protocol’s ability to mint $1 worth of SPA when redeeming $1 of USDs. USDs combines the scalability benefits of algorithmic stablecoins with the stability benefits of collateralized stablecoins.

USDs holders benefit from native auto-yield, meaning that holders automatically earn yield without having to stake or claim. The yield is generated organically from the collateral deployed on external DeFi protocols like Curve Finance.

Sperax’s roadmap is to construct a full-stack DeFi ecosystem based on USDs. As the USDs ecosystem expands through organic and partnership growth, the team plans to vitalize the L1 conceived during the company’s incipient stage.

Sperax is backed by Polychain Capital, Jump Trading, Alameda Research, Amber Group, and DJ Steve Aoki.