Rings is the meta-stable protocol of Sonic chain. It serves as the main bridge for Ethereum Mainnet stablecoins and ETH derivatives token holders to start earning yield on Sonic. Users can bridge ETH and stablecoins from Mainnet to Sonic, mint scETH and scUSD and scBTC, stake them for stkETH and stkUSD and stkBTC to generate yield, or lock them for veETH and veUSD and veBTC to access governance power.
Rings scBTC Price Analysis
As of April 24 2025 Rings scBTC has a marketcap of $38M.
This is {{percentagefromath}} from its all time high of $94.327K.
In terms of its tokenomics, there's a total supply of 401 with 100% currently outstanding.
Keep in mind Rings scBTC has a fully diluted value of $38M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
