SC market capitalization surpasses $100 million. What makes this decentralized storage project rise for 7 consecutive days?

Decentralized cloud storage network Siacoin (SC) delivered a solid performance at the start of 2026. According to the latest data, SC has increased by 8.14% in the past 24 hours, currently trading at $0.001824, with a market capitalization surpassing $100 million, reaching $102 million. More notably, SC has gained a total of 24.76% over the past 7 days, indicating a clear upward momentum.

Fundamentals Supporting SC

Project Positioning and Technical Advantages

Sia is a decentralized cloud storage network that employs a distributed architecture, with no centralized access points or network gatekeepers. The core mechanism of this project involves splitting user files into encrypted small segments, which are then mixed and distributed across the decentralized network, ensuring that the network can store data but cannot view user content. Through multiple layers of security, the project claims to make malicious behavior nearly impossible or extremely rare to compromise the system.

Compared to traditional cloud storage that requires expensive hardware and centralized maintenance, Sia’s decentralized model significantly reduces infrastructure costs. This architecture has inherent advantages in data privacy and security, especially in the context of increasingly strict regulations, making such projects more valuable.

Unique Non-Profit Model

Sia operates on a non-profit basis, maintained by community donations as an open-source project, and is not driven by profit. This model is relatively rare among crypto projects, meaning decision-making is more focused on public interest rather than maximizing commercial gains. This governance characteristic attracts users and developers who prioritize privacy and decentralization.

Substantive Progress in Ecosystem Development

Grant Program Supporting Ecosystem Building

Sia has allocated $3.2 million in grants for 2026, demonstrating the project’s ongoing commitment to ecosystem development. The existence of the grant program is crucial for attracting developers to participate in ecosystem growth. Currently, there are 32 projects built on the Sia ecosystem. While not a large number, it is a substantial progress for a small-cap coin.

The increase in ecosystem projects directly relates to the network’s practicality and value. The more applications built on Sia, the more real user needs are met, which will support the long-term value of the SC token.

Multi-Dimensional Market Performance Observation

From a price perspective, SC’s recent trend is relatively healthy. Besides an 8.14% increase over the past 24 hours, SC has also risen by 9.64% over the past 30 days, showing a medium-term upward trend. The 24-hour trading volume reached $7.77 million, which is not particularly large but reasonable liquidity for a project with a market cap of only $100 million.

It is worth noting that SC is currently ranked 274th among cryptocurrencies by market cap, indicating it remains a relatively niche project. However, reaching the milestone of a market cap exceeding $100 million signifies that the project has gained a certain level of market recognition.

Supply Situation and Long-Term Considerations

SC has a circulating supply of approximately 56 billion tokens, with a total supply of about 62 billion, making it an infinite supply token. Infinite supply means SC has no hard cap, and long-term inflationary pressure exists. This could exert downward pressure on the token’s price over time, but for a project focused on practicality, ample supply can support broader applications and trading.

Summary

SC’s market cap surpassing $1 billion reflects market recognition of the decentralized cloud storage sector. The project’s non-profit model, ecosystem grant plans, and growing number of applications provide substantial fundamental support. The 24.76% increase over the past 7 days is driven by rising demand for privacy and decentralization, as well as ecosystem development progress.

However, it is important to recognize that SC remains a small-cap coin with relatively limited market cap and liquidity, which entails higher volatility risks. For investors interested in the decentralized storage sector, key points to monitor include the actual progress of ecosystem projects, the execution of grant plans, and real usage data of the network, as these are critical indicators of the project’s long-term value.