Siacoin
SCThe native token of the decentralized cloud storage network Sia
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.82% | 4.63% | 23.61% | 19.34% | 84.94% | 7.98% |
Comparison
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | PPoloniexCEX | SC/USDT | $0.001399 | $4,289 | $5,055 | $2,092,012 | 91.91% |
| 2 | HHTXCEX | SC/USDT | $0.001387 | $260 | $1,243 | $1,879,736 | 82.58% |
| 3 | UUpbitCEX | SC/KRW | $0.00141 | $11,432 | $16,458 | $276,821 | 12.16% |
| 4 | BBingXCEX | SC/USDT | $0.001405 | $37,834 | $68,673 | $42,429 | 1.86% |
| 5 | BBybitCEX | SC/USDT | $0.001404 | $7,868 | $14,377 | $28,374 | 1.25% |
| 6 | BBithumbCEX | SC/KRW | $0.001424 | $49 | $1,541 | $19,600 | 0.86% |
| 7 | SC/USD | $0.001402 | $14,079 | $19,013 | $8,782 | 0.39% | |
| 8 | PPoloniexCEX | SC/BTC | $0.001396 | $1,651 | $3,359 | $1,438 | 0.06% |
| 9 | PPoloniexCEX | SC/BTC | $0.001396 | $1,651 | $3,359 | $1,438 | 0.06% |
| 10 | UUpbitCEX | SC/BTC | $0.0008819 | $4,416 | $0 | $132 | 0.01% |
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About Siacoin
Siacoin is the native token of the Sia decentralized cloud storage network. Sia splits files into encrypted shards and distributes them across independent storage providers worldwide, using blockchain smart contracts to enforce storage agreements and payments. Its core value proposition is eliminating centralized control: no single entity can access, censor, or hold data hostage. The network addresses market pain points such as high costs of traditional cloud services, single points of failure, privacy breaches, and lack of user ownership over data. Storage pricing is determined by an open marketplace, often lower than centralized alternatives.
In the past six months (2026-02-28 to 2026-08-29), Sia continued development of its renterd and hostd software, improving usability for both storage buyers and providers. The network maintained its non-profit governance model through the Sia Foundation, with ongoing community-funded development. However, the platform faces challenges including limited mainstream adoption compared to centralized giants, and historical incidents such as a 2019 vulnerability that required a hard fork to patch. Competition from other decentralized storage networks also remains intense.
Siacoin, launched on mainnet in 2015, pioneered decentralized cloud storage by splitting files into encrypted shards distributed across a global network. A major milestone came with the 2018 hard fork that introduced improved consensus and storage efficiency. In 2020, Skynet was launched, enabling decentralized applications and content delivery. The most recent significant event is the v2 hard fork activated on June 6, 2025, which overhauled the consensus code, introduced Utreexo for lightweight nodes, and upgraded the renter-host protocol (RHP4). Major exchanges including Binance, OKX, and Upbit supported this upgrade, ensuring network continuity. These developments mark Siacoin's evolution from a storage network to a scalable, future-proof platform.
Major progress: Sia Storage App launched in March 2026, offering 50GB free storage without crypto knowledge; appeared at Consensus Miami in April; v2.14.1 upgrade completed in July 2026; Foundation allocated $3.2M grants for 2026.
Setbacks: Foundation paused new grant applications in June; storage demand lacks public metrics; PoW inflation creates structural pressure; September price swings driven by altcoin rotation, not fundamentals.
Co-founders: David Vorick and Luke Champine. David is a co-founder of Sia, a decentralized cloud storage platform. Luke is also a co-founder and previously served as CEO/President of the Sia Foundation. Current key executives at the Sia Foundation: Nathaniel Maninger (President), Frances Lu (Director of Operations), Steve Funk (Director of People and Support).