Siacoin (SC) is a digital asset powering one of the pioneering decentralized cloud storage platforms in the blockchain space. As of today, the Siacoin price stands at $0.003**, with a **24-hour trading volume** of **$5.21 million. Over the past hour, the price has increased by 0.56%, though it has seen a slight dip of -1.18% over the last 24 hours. The live market capitalization for Siacoin is currently $173.58 million, calculated by multiplying the circulating supply by the real-time market price.
With a circulating supply of 56.03 billion SC and a maximum supply capped at 60.89 billion, Siacoin maintains a predictable issuance model that supports long-term network sustainability. This scarcity mechanism helps maintain economic balance within the Sia ecosystem.
Understanding Siacoin and the Sia Blockchain
Siacoin is the native cryptocurrency of the Sia blockchain, a decentralized platform designed to revolutionize cloud storage. Unlike traditional centralized storage providers like Amazon Web Services or Google Cloud, Sia enables users to rent unused hard drive space directly from hosts across the globe—creating a peer-to-peer marketplace for data storage.
This decentralized approach offers several advantages:
- Lower costs: By cutting out corporate intermediaries, storage prices are significantly reduced.
- Enhanced privacy: Files are encrypted before being uploaded and split into fragments stored across multiple nodes.
- Greater resilience: There’s no single point of failure, making the network more resistant to outages and attacks.
👉 Discover how decentralized storage networks are reshaping digital ownership and security.
What Is Skynet?
Built on top of the Sia blockchain, Skynet is a decentralized file-sharing and content delivery network (CDN). It allows developers and individuals to upload, share, and host websites and applications without relying on centralized servers. Skynet has been used to launch censorship-resistant platforms, decentralized video streaming services, and privacy-focused file-sharing tools.
Because Skynet leverages Sia’s underlying infrastructure, it inherits the same security, affordability, and decentralization benefits—making it a powerful tool for building next-generation web applications.
Siacoin Market Metrics: Key Data Points
To understand Siacoin’s position in the broader cryptocurrency landscape, it's essential to examine its core market indicators.
Market Capitalization
The current market cap of Siacoin is approximately $173.58 million, reflecting investor confidence and adoption levels. Market cap serves as a key benchmark for comparing cryptocurrencies and assessing their relative size and stability. While not among the top-tier assets like Bitcoin or Ethereum, Siacoin holds a niche but meaningful position in the decentralized infrastructure sector.
A higher market cap generally indicates stronger liquidity, wider adoption, and lower volatility risk—though SC remains a mid-cap asset subject to market sentiment shifts.
Trading Volume and Liquidity
In the past 24 hours, $5.21 million worth of Siacoin has changed hands, with around 1.83 billion SC tokens traded. This level of trading activity suggests moderate liquidity across exchanges where SC is listed. The trading volume dropped slightly by -1.18%, indicating a period of consolidation rather than aggressive movement.
Liquidity plays a crucial role in price stability and ease of entry/exit for traders. For investors considering Siacoin, consistent trading volume ensures smoother transactions and tighter bid-ask spreads.
Supply Distribution
- Circulating Supply: 56.03 billion SC
- Max Supply: 60.89 billion SC
This means over 92% of all Siacoins have already been mined, signaling that the network is maturing. The limited remaining supply can influence future scarcity dynamics, especially if demand for decentralized storage grows.
Siacoin’s Position in the Crypto Ecosystem
Currently, Siacoin ranks #317 among all known cryptocurrencies based on market capitalization. While this may seem modest compared to larger projects, its ranking reflects its specialized utility rather than mass speculation.
Siacoin belongs to a growing category known as decentralized physical infrastructure networks (DePIN)—blockchain projects that incentivize real-world resource sharing (like storage, compute power, or bandwidth). As interest in Web3 infrastructure grows, Siacoin could benefit from increased attention due to its early-mover advantage and proven technology.
Frequently Asked Questions (FAQ)
What is Siacoin used for?
Siacoin (SC) is primarily used to pay for decentralized cloud storage on the Sia network. Users spend SC to rent storage space from hosts, while hosts earn SC in return for providing reliable storage capacity. Additionally, SC secures the network through smart contracts called "storage proofs" that ensure data integrity over time.
Is Siacoin a good investment?
As with any cryptocurrency, investing in Siacoin carries risks. Its value depends heavily on the adoption of decentralized storage solutions and competition from similar platforms like Filecoin or Arweave. However, its long-standing presence since 2015, functional network, and low price point make it an intriguing option for those bullish on DePIN trends.
👉 Explore emerging DePIN projects gaining momentum in 2025’s evolving crypto landscape.
How does Sia ensure data security?
Sia encrypts every file before it leaves the user’s device. Each file is then divided into 30 segments using erasure coding and distributed across different host nodes. To reconstruct the file, only 10 segments are needed. This redundancy ensures data remains accessible even if some hosts go offline—while encryption keeps it private at all times.
Can I mine Siacoin?
Yes, Siacoin can be mined using proof-of-work (PoW) algorithms. However, mining profitability depends on hardware efficiency, electricity costs, and current market conditions. Many miners participate not just for rewards but also to support network decentralization.
How does Skynet differ from traditional hosting?
Traditional web hosting relies on centralized data centers controlled by companies like AWS or Cloudflare. Skynet removes central control by distributing content across thousands of independent nodes globally. This makes websites hosted on Skynet more resistant to takedowns, censorship, and DDoS attacks.
Where can I buy Siacoin?
Siacoin is available on several cryptocurrency exchanges worldwide. Before purchasing, ensure the exchange supports SC trading pairs (such as SC/USDT or SC/BTC) and offers secure wallet integration for safe storage.
👉 Learn how to securely store and manage your digital assets with advanced wallet strategies.
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These keywords reflect common queries from users researching Siacoin for investment, technical use cases, or educational purposes.
Final Thoughts
Siacoin represents a compelling intersection between blockchain innovation and practical real-world application. While its price remains low and its market rank modest, its foundational role in decentralized storage gives it enduring relevance in the Web3 era.
As global demand for secure, affordable, and censorship-resistant data solutions increases, platforms like Sia—and their native tokens like SC—are well-positioned to play an essential role in reshaping how we store and access information online.
Whether you're an investor evaluating emerging DePIN tokens or a developer exploring decentralized hosting options via Skynet, Siacoin offers both technological promise and long-term potential worth watching closely in 2025 and beyond.