Solar (SXP) - In-Depth Analysis Report

Solar's Positioning and Significance

Solar (SXP) is a community-driven blockchain project operating on a secure and reliable Layer 1 blockchain framework. The native token SXP is designed to be fast, efficient, and fully decentralized, enabling true governance within its ecosystem.

Solar represents an evolution of the Swipe project, having undergone a mainnet transition and brand upgrade that converted Swipe (SXP) into Solar (SXP) on a 1:1 basis. As of December 19, 2025, Solar has established itself as a notable player in the blockchain space with a market capitalization of approximately $33.69 million and over 24,000 token holders.

This report provides a comprehensive analysis of Solar's technical architecture, current market performance, and development trajectory.

Origins and Development History

Background and Launch

Solar originated from the Swipe ecosystem, initially positioned as a digital application providing multi-asset blockchain wallet functionality. The project was designed to help users store digital assets securely while offering a comprehensive suite of cryptocurrency services.

The mainnet transition and subsequent rebranding to Solar marked a significant evolution, positioning the project as a community-governed blockchain platform rather than a wallet-centric application. This transition maintained tokenomic continuity through the 1:1 conversion mechanism, ensuring existing Swipe token holders received equivalent Solar tokens.

Key Milestones

• 2019: Initial launch of the Swipe ecosystem, introducing SXP token with wallet and payment functionality
• 2022: All-time high of $0.251087 (November 1, 2022), reflecting peak market interest
• Recent Period: Mainnet transition and brand upgrade to Solar, repositioning as a Layer 1 blockchain platform emphasizing community governance and decentralization

How Solar Operates?

Decentralized Architecture

Solar operates on a distributed network of global nodes that work collaboratively without central control. This decentralized model eliminates dependency on traditional financial intermediaries and provides users with greater autonomy over their assets and participation in network governance.

Blockchain Foundation

Solar's blockchain functions as a transparent, immutable digital ledger recording all transactions. Transactions are organized into blocks and cryptographically linked to form a secure chain, creating an auditable record that any participant can verify without requiring intermediaries.

Network Consensus and Security

Solar employs a consensus mechanism to validate transactions and maintain network integrity. Network participants contribute to system security through their participation, receiving SXP token rewards for their efforts. This incentive structure aligns individual economic interests with network stability and security.

Transaction Security

Solar utilizes public-key cryptography to secure transactions:

• Private Key: Acts as a cryptographic signature, authorizing and proving transaction authenticity
• Public Key: Functions as a verifiable transaction identifier, enabling others to confirm transaction validity

This cryptographic foundation ensures that transactions are secure, cannot be reversed fraudulently, and that asset ownership is verifiable and protected.

Current Market Performance

Price Analysis

As of December 19, 2025:

Market Capitalization and Supply Metrics

Market Position

• Global Ranking: #596 by market capitalization
• Market Dominance: 0.0010%
• 24h Trading Volume: $315,866.13
• Active Holders: 24,002 wallet addresses
• Exchange Listings: 26 trading venues

Historical Price Performance

Ecosystem and Community

Solar operates as a community-driven platform with emphasis on true governance and decentralization. The project maintains an active online presence through:

• Official Website: https://solardex.finance/
• Block Explorer: https://explorer.solar.org/
• Social Media: Active presence on Twitter (@solar_dex)

The project currently demonstrates a neutral market sentiment indicator, suggesting balanced community perception and steady operational focus.

Trading and Accessibility

Solar tokens are available for trading on 26 different cryptocurrency exchanges globally. Users seeking to acquire or trade SXP can access the market through multiple venues, with Gate.com providing support for Solar trading pairs.

Conclusion

Solar represents a blockchain project in transition, having evolved from a wallet-focused application into a community-governed Layer 1 platform. While current market valuations reflect the challenging broader cryptocurrency market conditions of recent years, the project's technical infrastructure, established token economics, and sustained community participation indicate ongoing development efforts.

The shift toward emphasizing true decentralized governance and the Layer 1 positioning represent attempts to differentiate the project within a competitive blockchain landscape. Potential investors and participants should monitor the project's technical development, ecosystem growth, and governance initiatives to assess its long-term viability and market relevance.

Data Last Updated: December 19, 2025

Solar (SXP) Market Performance Report

Market Performance Overview

Circulation Overview

As of December 19, 2025, Solar (SXP) has a circulating supply of 665,920,056.997982 tokens, with a total supply of 606,858,312 SXP. The circulating supply currently exceeds the total supply figure, indicating a circulation ratio of approximately 109.73%.

Solar represents a community-driven project operating on a secure and reliable Layer 1 blockchain framework. The project underwent a significant rebranding from Swipe (SXP) to Solar (SXP), with token holders exchanging their holdings at a 1:1 ratio during the mainnet transition.

Price Performance

Solar (SXP) achieved its all-time high of $0.251087 on November 1, 2022, reflecting peak market sentiment during that period. Conversely, the token reached its all-time low of $0.00030612 on July 29, 2022.

As of the latest update on December 19, 2025, Solar is trading at $0.05552, representing a significant decline from its historical peak. The token has experienced substantial long-term depreciation, declining 83.98% over the past year.

Recent Price Movements:

• 1 Hour: -0.38%
• 24 Hours: -5.81%
• 7 Days: -16%
• 30 Days: -45.16%
• 1 Year: -83.98%

The 24-hour trading range stands between $0.05391 and $0.05935, with a daily trading volume of $315,866.13.

Check current SXP market price

Market Capitalization and Valuation

Solar's current market capitalization stands at $36,971,881.56, while its fully diluted valuation (FDV) is $33,692,773.48. The token ranks #596 by market capitalization and maintains a market dominance of 0.0010% in the broader cryptocurrency landscape.

With 26 trading pairs available on Gate.com and other supported exchanges, Solar maintains reasonable market liquidity and accessibility for traders.

Community and Network Engagement

Solar has developed an active community, with 24,002 token holders participating in the ecosystem. This demonstrates sustained interest in the project despite significant price depreciation from historical levels.

Solar (SXP) Market Analysis Report

Solar Overview

Solar (SXP) is a community-driven project operating on a secure and reliable Layer 1 blockchain framework. The native token, SXP, is designed to be fast, efficient, and fully decentralized. Solar aims to develop a truly governed ecosystem that benefits everyone in the global community.

Key Market Metrics (As of December 19, 2025)

Price Performance Analysis

Solar has experienced significant downward pressure over extended timeframes:

• 1 Hour: -0.38%
• 24 Hours: -5.81%
• 7 Days: -16.00%
• 30 Days: -45.16%
• 1 Year: -83.98%

All-Time High: $0.251087 (November 1, 2022)
All-Time Low: $0.00030612 (July 29, 2022)
24H Range: $0.05391 - $0.05935

Solar Ecosystem and Use Cases

Solar operates as a decentralized ecosystem built on Layer 1 blockchain infrastructure. The platform enables community members to participate in governance while maintaining security and efficiency.

Core Functionalities

Solar's ecosystem is designed to support:

• Community Governance: Decentralized decision-making mechanisms that empower token holders
• Blockchain Operations: Fast and efficient transaction processing on the native Layer 1 network
• Ecosystem Development: A framework for building decentralized applications and services

Historical Context: Swipe to Solar Transition

Solar represents a rebrand and mainnet upgrade of the previous Swipe (SXP) project. The transition was structured as a 1:1 token swap:

• 1 Swipe (SXP) = 1 Solar (SXP)

This upgrade marked a significant pivot in the project's vision and governance model, positioning it as a community-driven platform rather than a traditional wallet service.

How to Participate in Solar

1. Purchase Channels

Solar (SXP) is available for trading on multiple exchanges, including Gate.com, which provides access to SXP trading pairs and liquidity.

2. Storage and Management

Users can manage and store SXP tokens through various wallet solutions compatible with the Solar network.

3. Community Participation

Holders of SXP tokens can participate in community governance decisions and ecosystem development initiatives.

4. Ecosystem Contribution

Developers and community members can contribute to the Solar ecosystem by building applications and services on the network infrastructure.

Information Resources

• Official Website: Visit Solar Official Website for features, use cases, and latest updates.
• Blockchain Explorer: Access the Solar Network Explorer to view transactions and network activity.
• Social Media: Follow Solar on X (Twitter) at @solar_dex for announcements, community updates, and ecosystem news.
• Trading: Solar is available on Gate.com for purchasing and trading.

Market Sentiment and Trading Metrics

Current Market Position

With a market dominance of 0.0010% and a fully diluted market cap of approximately $33.7 million, Solar maintains a modest position in the cryptocurrency market. The token is traded on 26 exchange pairs, providing reasonable liquidity for participants.

Price Dynamics

The significant year-over-year decline of 83.98% reflects broader market conditions and the project's evolution from its previous iteration. The circulating supply exceeds the total supply figure in calculation ratio, indicating 109.73% circulation, which warrants attention regarding tokenomics clarity.

Summary

Solar (SXP) represents a community-driven blockchain initiative built on Layer 1 infrastructure. Following its transition from the Swipe project, Solar has positioned itself as a decentralized ecosystem focused on governance and community participation.

Key Characteristics:

• Decentralized governance structure
• Layer 1 blockchain foundation
• Community-driven development approach
• Active ecosystem with 24,002 token holders

Important Considerations:

• Significant long-term price decline requires careful evaluation
• Market cap and trading volume indicate a smaller-scale project
• Community engagement and project development remain ongoing

Whether you are a developer exploring ecosystem opportunities, a trader analyzing market dynamics, or a community participant, Solar warrants monitoring for its continued evolution and ecosystem development. As with all cryptocurrency investments, thorough research and risk assessment are essential before participation.

FAQ

What is SXP crypto?

SXP is the native utility coin of Solar, a Layer 1 blockchain network secured by Delegated Proof of Stake consensus. It enables transactions and governance on the Solar network, with 53 Block Producers maintaining the protocol.

What is SXP used for?

SXP is the native token of the Swipe ecosystem, used to maintain and operate the Swipe network. It enables payment for services within the platform and provides utility for network participants and governance.

How does SXP compare to Bitcoin?

SXP is a smaller cryptocurrency than Bitcoin with significantly lower market capitalization and trading volume. The conversion rate is approximately 0.00000273 BTC per 5 SXP. Bitcoin remains the leading digital asset, while SXP operates as a utility token within its ecosystem.

What are the benefits of SXP?

SXP offers fast and efficient blockchain transactions with lower fees and quicker processing times. It provides excellent utility for daily use cases, making it ideal for cost-effective and rapid payment solutions across various applications.