Songbird Price (SGB)

Songbird (SGB) is the canary network for Flare, a blockchain designed for universal connectivity. It serves as a testing ground for Flare's features before they are implemented on the main network. Songbird aims to introduce a new level of interoperability to the blockchain space through Flare's State Connector, a unique feature that strives to enable seamless integration with both on-chain and off-chain data sources. This integration seeks to address the oracle problem, which is the challenge of acquiring and using reliable data in a decentralized manner. Songbird aims to unify liquidity rather than fragment it, by connecting smart contract chains multilaterally through fast, decentralized, and fully-insured bridges.

Songbird operates on the Flare network, utilizing two native data acquisition protocols: the Flare Time Series Oracle (FTSO) and the State Connector. The FTSO aims to provide highly decentralized price and data feeds to decentralized applications (dApps) on Flare, without the need for centralized providers. On the other hand, the State Connector aims to enable the secure and trustless use of information from other blockchains and the internet with smart contracts on Flare. These protocols allow Songbird to trustlessly acquire and use information from a variety of sources, enhancing its functionality and utility.

Songbird aims to serve as a platform for a wide range of use cases. It can bring non-smart contract assets such as BTC, XRP, and DOGE onto Flare, where they can potentially receive compensation in decentralized finance (DeFi). Decentralized applications can leverage the value, liquidity, and information of multiple blockchains and seamlessly connect to Web2 data, all through a single deployment on Flare. Songbird also aims to enable the development of safer bridges and protocols that utilize state from any connected chain. Furthermore, it seeks to allow the trustless triggering of smart contracts with data from Web2 APIs.

Songbird is a product of the Flare network, a blockchain project co-founded by Hugo Philion and Sean Rowan. The Flare network is designed to introduce changes in the blockchain space by enabling full cross-chain composability and seamless decentralized integration with Web2 data. Songbird was created as the canary network for Flare, serving as a live testing environment for the network's features. It is a part of Flare's intention to develop Web3 with an emphasis on high throughput, lower fees, and environmentally friendly interoperability protocols.

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The current market cap of Songbird is $0.00. A high market cap implies that the asset is highly valued by the market.

The all-time high of Songbird is $0.52. This all-time high is highest price paid for Songbird since it was launched.

Over the last 24 hours, the trading volume of Songbird is $496.82K.

Assets that have a similar market cap to Songbird include Tema, DAYSTARTER, Moongate, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Songbird is 0.