The current real-time price of SCBTC is $89,188. In the past 24 hours, SCBTC has traded between $87,002 and $89,121, showing strong market activity. The all-time high of SCBTC is $125.306K, and the all-time low is $43,547.
From a short-term perspective, the price change of SCBTC over the past 1 hour is , over the past 24 hours is +0.05%, and over the past 7 days is +1.19%. These figures provide a quick overview of the latest price trends and market dynamics of SCBTC on LBank.-1.74%
The live price of SCBTC today is $89,188, with a current market cap of $303.221K. The 24-hour trading volume is 7K. The price of SCBTC to USD is updated in real time.
Before deciding whether to buy or sell SCBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SCBTC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SCBTC.
How much will SCBTC be worth tomorrow, next week, or next month in ? What about your SCBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SCBTC Price Prediction
To learn more about SCBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
scBTC is a yield-bearing token minted by the Trevee Protocol, formerly known as Rings. It is backed 1:1 by prominent Bitcoin derivatives like LBTC, eBTC, and wBTC. Users deposit these assets into the protocol to mint scBTC, which automatically generates yield through strategies managed by specialized infrastructure partners. This allows participants to maintain their exposure to Bitcoin while accessing yield opportunities and liquidity within the Sonic network ecosystem.
The Rings Protocol has recently rebranded to Trevee to better reflect its expanding identity and long-term goals. For current users, this is primarily a branding change; the underlying scBTC smart contracts, utility, and security remain fully intact. Existing scBTC tokens are still valid and continue to function as intended within the protocol's vaults and across supported decentralized platforms.
Trevee utilizes three distinct token states to manage liquidity and governance. scBTC is the standard liquid, yield-bearing token. stkscBTC is the staked version of scBTC that earns weekly protocol rewards. veSCBTC is a voting escrow NFT obtained by locking stkscBTC for a specific period. Holding veSCBTC provides the user with voting power to influence how protocol emissions are distributed across various liquidity gauges.
To get scBTC, users typically move Bitcoin derivatives from Ethereum to the Sonic network using the native bridge gateway. This process involves 'Heartbeats,' which are batch transactions occurring roughly every 10 minutes. For faster processing, a 'Fast Lane' option is available. Once the assets are on Sonic, they can be deposited into Trevee or acquired through exchanges like LBank and other integrated trading platforms.
scBTC is built on audited infrastructure and includes a 14-day 'Fail-Safe' mechanism within the Sonic gateway, allowing users to reclaim assets on Ethereum if the network faces significant downtime. However, users should be aware of liquidation risks if participating in Stability Pools, as well as de-peg risks where the value of scBTC depends on its underlying Bitcoin derivatives maintaining their parity with Bitcoin.
Governance is managed through a 'vote-escrow' model. By locking stkscBTC into a veNFT, users gain voting power; the longer the lock-up period, the more weight their vote carries. These 'Governors' use their power to vote on Gauges, which decide the allocation of rewards to different pools. This system allows stakeholders to actively participate in the protocol's growth and direct incentives toward specific liquidity pairs.
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