Snake Finance is a seigniorage protocol operating on Sonic Chain that uses algorithmic mechanisms to maintain a target mirrored value between SNAKE and S tokens. The protocol employs a dual-token system (SNAKE and gSNAKE) alongside a Peg Stability Module (PSM) and NEST emissions system for managing token supply and distribution.
The platform implements governance mechanisms through gSNAKE holdings and plans to participate in future gauge voting systems across the Sonic ecosystem, allowing for community-driven protocol development
Where is gSNAKE available for purchase?
You can exchange GSNAKE tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading gSNAKE is Shadow Exchange (Legacy) , notably the GSNAKE/WS pair, which saw a trading volume of $ 3,636.13 in the past day. Additionally, Shadow Exchange and Silverswap are popular alternatives for trading tokens.
What is the highest value gSNAKE (GSNAKE) has ever reached?
gSNAKE (GSNAKE) reached its peak price at 802.46 $ on 07 March 2025, approximately 5 months ago ago. Presently, the current price is -97.02% lower than this all-time high.
What is the historical minimum price for gSNAKE (GSNAKE)?
The minimum price reached for gSNAKE (GSNAKE) was 16.95 $, documented on 23 June 2025, more than 2 months ago. In comparison, the current price is 40.94%, it above this historical low.
What is the fully diluted valuation of gSNAKE (GSNAKE)?
The fully diluted valuation (FDV) of gSNAKE (GSNAKE) stands at $ 1,58 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 70,010 GSNAKE tokens. The realization of this FDV might take several years depending on the emission schedule of GSNAKE tokens.