Solar utilizes a secure framework forked from ARK Core, enhanced with BIP340 Schnorr signatures. Its security is maintained by decentralized delegates; however, recent concerns have been raised by exchanges regarding procedural transparency and governance disclosure.

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Solar

Q: What is the Purpose of Solar?

The primary goal of Solar is to provide a user-friendly, decentralized Layer-1 blockchain that facilitates peer-to-peer payments and supports a community-governed ecosystem of dApps and physical payment tools like crypto debit cards.

Q: How Can I Participate in Solar's Ecosystem?

Users can participate by holding SXP tokens to vote for delegates (Block Producers) in the DPoS system, which earns them staking rewards. Developers can contribute to the open-source code on GitHub or apply for project funding through the Solar Blockchain Foundation.

Q: What Sets Solar Apart from Competitors?

Solar differentiates itself by its DPoS system with exactly 53 delegates, its username-based validator identity system, and its specific focus on bridging blockchain with traditional retail through the Solar Card and integrated mobile wallets.

Q: What are the Risks Associated with Solar?

The primary risks include high price volatility, potential liquidity issues following delistings from major exchanges like Binance, and the uncertainty surrounding project leadership and the transition to a new foundation structure.

Solar is a Chinese community for Solana, supporting users in staying informed about the latest Solana developments, Solana ecosystem projects, Bounty missions, developer resources, and related activities.

What is Solar?

Solar (SXP) is a decentralized, community-driven Layer-1 blockchain network focused on creating a sustainable and scalable infrastructure for digital payments and decentralized applications. Originally starting as Swipe, the project underwent a significant transition after being fully acquired by Binance and rebranded as Solar. Its mission is to bridge the gap between digital assets and real-world services through a secure, open-source ecosystem governed by its users through a Decentralized Autonomous Organization (DAO).

How Does Solar Work?

Solar operates using a Delegated Proof of Stake (DPoS) consensus mechanism, which is more energy-efficient and scalable than traditional mining models. The network is secured and maintained by 53 elected Block Producers (delegates) who are voted into their roles by SXP token holders. These delegates validate transactions and generate new blocks every 8 seconds. The blockchain framework is forked from ARK Core and utilizes advanced Schnorr signatures to enhance security and eliminate signature malleability issues.

What Makes Solar Unique?

Solar stands out for its deep commitment to community governance and its focus on real-world utility through 'Solar Enterprises.' Key features include the Side Ledger Protocol (SLP) for low-cost token creation, a modular architecture (Core 5.0) that supports smart contracts, and a suite of integrated products such as the Solar Card (crypto debit card), BrighterVPN, and the District53 metaverse. Its deflationary model, where a portion of transaction fees is burned, helps manage the token's long-term supply dynamics.

Who Are the Founders of Solar?

Solar was established by Nayiem Willems and Joselito Lizarondo, who were the original founders of Swipe.io. Following Binance’s acquisition of Swipe, the Solar Blockchain Foundation was formed in December 2021 in Estonia (and later Lithuania) to oversee the transition to a fully decentralized model. While Joselito Lizarondo moved on after the acquisition, Nayiem Willems led the project until his resignation in late 2025, after which the project shifted toward a more foundation-led and community-centric leadership structure.

Latest News

What Key Events Have There Been for Solar?

Solar has faced a turbulent period between 2025 and 2026. Significant events include the announcement of the 'Core 5.0' upgrade to introduce EVM compatibility and the launch of Solar Card V3 with IBAN support. However, the project also faced major setbacks, including delistings from South Korean exchanges (Upbit, Bithumb, Coinone) in March 2025 due to transparency concerns, and a subsequent spot trading delisting by Binance on April 1, 2026, which caused extreme market volatility.

Project Announcements

Recent updates focus on the 'Core 5.0' mainnet stabilization and the 'Foundation Revival' initiative following the CEO's resignation in November 2025. The team is currently working on a technical preview environment for developers to test smart contract deployments on the new architecture.

Upcoming Events

Latest Airdrop

The most recent significant airdrop campaign was the Solar x CoinMarketCap 'Learn & Earn' event, where 5,000 winners received 13.9 SXP tokens each. There are currently no newly announced airdrops as the team focuses on Foundation-led recovery efforts.

ICO Time

The original Swipe (SXP) ICO took place in August 2019, raising $12 million to fund its payment ecosystem.

IDO Time

As a Layer-1 rebranding of an existing project, Solar did not hold a traditional IDO; it transitioned directly from the Swipe network.

TGE Time

The SXP token was originally generated on the Ethereum and Binance Smart Chain networks in 2019, followed by a mainnet swap to the Solar blockchain in 2022.

Projects Announcements

Where to Buy Solar?

SXP can be traded on several major exchanges including KuCoin, Gate.io, HTX, Bitget, and MEXC. Following its delisting from Binance spot markets in April 2026, liquidity is primarily concentrated on these alternative centralized exchanges and various decentralized protocols (DEXs) via the Binance Web3 Wallet.

Solar Price

Daily Trading Volume

The 24-hour trading volume is approximately $181,000, showing a recent rise in activity amid high volatility following exchange delistings.

All-Time High

$5.79 (May 2021). The current price is approximately 99.9% below this peak.

All-Time Low

$0.001389 (April 2026). The token is currently trading slightly above its absolute historical low.

Market Cap and Valuation

Market Cap

The current market capitalization is approximately $966,000, ranking it outside the top 2,500 cryptocurrencies on major tracking platforms.

Fully Diluted Valuation

The FDV stands at approximately $966,000, as the circulating supply of roughly 670 million tokens represents the majority of the current available supply.

Solar Price Prediction

Current market sentiment for Solar is bearish following the loss of major exchange support. While some automated technical analysis tools suggest a potential for minor recovery if the 'Core 5.0' upgrade is successful, most credible sources emphasize high risk and volatility. Experts suggest the price will likely remain in the $0.0013 to $0.0015 range in the short term unless new liquidity providers or significant utility partnerships are announced.

How to buy Solar?

To purchase Solar, follow these simple steps using the Bitget Wallet: Download the Bitget Wallet: If you haven't already, download the Bitget Wallet app from the official website or your app store. Create an Account: Open the app and create a new account by following the on-screen instructions. Ensure you secure your account with a strong password. Fund Your Wallet: Deposit funds into your Bitget Wallet by transferring cryptocurrencies like USDT or purchasing crypto using fiat currency. Navigate to the Market: In the Bitget Wallet, go to the market section and search for SXP to view available trading pairs. Place Your Order: Select the desired trading pair (e.g., SXP/USDT), enter the amount you wish to buy, and confirm your order. Once the transaction is completed, SXP will be added to your wallet.

FAQ

What is the Purpose of Solar?

How Can I Participate in Solar's Ecosystem?

What Sets Solar Apart from Competitors?

Is Solar Secure?

What are the Risks Associated with Solar?

Community Sentiment

32.81K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.