Everscale

EVER Price

About Everscale (EVER)

Everscale is a high-performance Layer 1 blockchain designed for infinite scalability and near-zero transaction fees through its unique dynamic sharding architecture.

• The network utilizes a fifth-generation blockchain design that can theoretically process up to one million transactions per second.
• Originally derived from the Durov brothers' TON concept, Everscale has evolved into an independent entity with its own virtual machine and development tools.
• Its architecture supports asynchronous smart contracts, allowing for complex, large-scale decentralized applications and gaming ecosystems.

What Is Everscale

Everscale is a decentralized network that prioritizes speed, security, and scalability. It aims to provide a platform where Web3 applications can operate with the same efficiency as centralized systems. Value in the Everscale ecosystem moves through the native EVER token, which is used to power decentralized finance (DeFi) protocols, NFT marketplaces, and gaming layers.

The EVER token is put to work through several core mechanisms. It serves as the primary currency for transaction fees (gas) and storage fees, ensuring the network remains clean and efficient. Additionally, the token is used for staking in the network's Proof of Stake consensus, where validators secure the blockchain and earn rewards. As the ecosystem grows, the demand for EVER is tied to the expansion of decentralized applications (dApps) like FlatQube for trading and Octus Bridge for cross-chain interoperability.

What Makes Everscale Unique

• Dynamic Sharding: Unlike static networks, Everscale uses dynamic sharding to split and merge threads based on network load, preventing congestion and maintaining high throughput.
• Everscale Virtual Machine (TVM): A custom-built virtual machine that enables the execution of asynchronous smart contracts, which is essential for handling massive transaction volumes.
• Asynchronous Solidity (T-Sol): An extension of the Solidity programming language that allows developers to write distributed smart contracts specifically optimized for the TVM environment.
• REMP Protocol: The Reliable External Message Protocol provides additional guarantees for message processing, ensuring that transactions are handled reliably across the network.

What Can You Use Everscale for?

• Decentralized Trading: Users can swap assets, provide liquidity, and engage in yield farming through the FlatQube automated market maker (AMM) and orderbook protocol.
• Cross-Chain Interoperability: The Octus Bridge allows for fast transfers between Everscale and major networks such as Ethereum, BNB Chain, and Polygon.
• Perpetual Trading: Platforms like Gravix enable decentralized trading of derivatives with leverage on cryptocurrencies, stocks, and Forex.
• NFT Ecosystem: Marketplaces like GrandBazar and TokStock support the minting, buying, and selling of digital collectibles and items.
• Gaming and Social: Everplay provides a Web3 layer for mobile games, while Chums offers a secure, encrypted chat interface with Everscale support.

How Does Everscale Work?

Everscale operates as a distributed system of blockchains that can scale horizontally. At its core is the Everscale Virtual Machine (TVM), which manages the state and executes smart contract logic. The network uses a Proof of Stake consensus mechanism where validators are responsible for producing blocks and securing the network.

When a user initiates a transaction, they pay gas fees in the native EVER token. These fees are kept extremely low—averaging around $0.000228—to facilitate microtransactions and industrial-scale use cases. The network also implements a paid storage model, where smart contracts pay for the data they occupy on the blockchain, incentivizing developers to keep the network state efficient.

Team Info and Investors

Everscale was originally based on the technological foundations of the Telegram Open Network (TON) developed by Nikolai and Pavel Durov. Following legal challenges faced by Telegram, the project was launched as a separate, community-driven entity. The network's development is supported by various independent teams and contributors within its global community. Major ecosystem milestones are discussed at community events like the Everpoint conference. Available sources do not specify a centralized management team or private funding rounds.

Where can you buy Everscale?

EVER tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Everscale is Gate, where the most active trading pair EVER/USDT has a trading volume of $17,665.41 in the last 24 hours. Other popular options include LATOKEN and Indodax.

What is the daily trading volume of Everscale (EVER)?

The trading volume of Everscale (EVER) is $39,981.87 in the last 24 hours, representing a 7.70% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Everscale (EVER)?

Everscale (EVER) reached an all-time high of $2.56 and an all-time low of $0.001893. It’s now trading -99.80% below that peak and 166.50% above its lowest price.

What is the market cap of Everscale (EVER)?

Market capitalization of Everscale (EVER) is $9,948,046 and is ranked #1143 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of EVER tokens (2 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Everscale (EVER)?

The fully diluted valuation (FDV) of Everscale (EVER) is $10,609,330. This is a statistical representation of the maximum market cap, assuming the maximum number of 2.1 Billion EVER tokens are in circulation today. Depending on how the emission schedule of EVER tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Everscale compare against its peers?

With a price decline of -13.20% in the last 7 days, Everscale (EVER) is underperforming the global cryptocurrency market which is down -5.00%, while underperforming when compared to similar Layer 1 (L1) cryptocurrencies which are down -8.20%.

How to add Everscale (EVER) to MetaMask?

Adding Everscale (EVER) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import EVER as a token. You can copy EVER’s contract address (0x1ffefd8036409cb6d652bd610de465933b226917) and import it manually, or if you've installed MetaMask's chrome extension, add EVER to MetaMask with one click on CoinGecko.

Add EVER to MetaMask.