RedSonic Vault Ethereum (rsvETH) is currently priced at $1,426.79 USD. The price has decreased 0.03% in the last 24 hours. It has a market capitalization of $40,678.548. Fully diluted valuation: $16,580.707. Circulating supply is 28.51 rsvETH. Total supply is 11.621 rsvETH.
RedSonic is an Ethereum zk Layer 2 solution released and maintained by Reddio. RedSonic Vault Ethereum (rsvETH) is a token that users receive when they deposit ETH, which replaces ETH for cross-chain operations to Layer 2. The ETH stored in RedSonic Vaults will be partially used for risk-free investments, and the generated returns will be proportionally distributed to all rsvETH holders. When users return from Layer 2, the exchange operation will be executed on Layer 1 Ethereum, burning rsvETH to retrieve the principal and all returns in ETH.