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About NXM and RED
NXM is climbing, while Redstone is falling this week. The current NXM to RED conversion rate is 577.04. Inversely, this means that if you convert 1 RED you will get 0.001733 NXM. The conversion rate of NXM/RED has increased by 0.63% in the last hour (RED/NXM decreased by 0.63%). In the last 24 hours, NXM/RED grew by 7.67%, while RED/NXM shrunk by the same amount.
The exchange rate of NXM is increasing. The current value of 1 NXM is 577.04 RED. In other words, to buy 5 NXM, it would cost you 2,885.19 RED. Inversely, 1 RED would allow you to trade for 0.001733 NXM while 50 RED would convert to 0.08665 NXM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.28%. Meanwhile, in the last 24 hours, the rate has changed by 6.72%, and that the highest exchange rate of 1 NXM to RED was 583.29 RED and the lowest 24 hour value was 1 NXM for 532.42 RED. Last month, 1 NXM was worth 524.13 RED. Today, it's up 9.17%. Looking back a year, NXM has changed by 247.77 RED. That means that in a single year, the value of NXM has grown by 57.06%.
NXM Market Stats
Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain, currently covering all the main defi protocols. Nexus Mutual offers coverage against smart contract failures, which protects against potential bugs in smart contract code. The coverage intends to provide protection against financial losses that may be incurred due to hacks or exploits in the smart contract code. Note that smart contract cover only protects against “unintended uses” of smart contracts, so security events such as the loss of private keys or centralized exchange hacks are not covered. In December 2020, it released custody cover covering centralised custodians and lenders such as Celsius, Blockfi, and Nexo.
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Conversion tables
NXM to RED values from Today at 7:30 pm
0.5 NXM = 288.52 RED |
1 NXM = 577.04 RED |
5 NXM = 2,885.19 RED |
10 NXM = 5,770.39 RED |
50 NXM = 28,851.93 RED |
100 NXM = 57,703.87 RED |
500 NXM = 288,519.34 RED |
1,000 NXM = 577,038.67 RED |
RED to NXM values from Today at 7:26 pm
0.5 RED = 0.0008665 NXM |
1 RED = 0.001733 NXM |
5 RED = 0.008665 NXM |
10 RED = 0.01733 NXM |
50 RED = 0.08665 NXM |
100 RED = 0.1733 NXM |
500 RED = 0.8665 NXM |
1,000 RED = 1.73 NXM |
NXM to RED over time
NXM | Today | 24H 6.72% | 1M 9.17% | 1Y 57.06% |
|---|---|---|---|---|
0.5 NXM | 288.52 RED | 269.13 RED | 262.06 RED | 123.88 RED |
1 NXM | 577.04 RED | 538.27 RED | 524.13 RED | 247.77 RED |
5 NXM | 2,885.19 RED | 2,691.34 RED | 2,620.63 RED | 1,238.84 RED |
10 NXM | 5,770.39 RED | 5,382.69 RED | 5,241.27 RED | 2,477.68 RED |
50 NXM | 28,851.93 RED | 26,913.43 RED | 26,206.33 RED | 12,388.38 RED |
100 NXM | 57,703.87 RED | 53,826.85 RED | 52,412.65 RED | 24,776.76 RED |
500 NXM | 288,519.34 RED | 269,134.26 RED | 262,063.26 RED | 123,883.81 RED |
1,000 NXM | 577,038.67 RED | 538,268.52 RED | 524,126.52 RED | 247,767.61 RED |
Frequently asked questions
Right now, 1 NXM is worth about $63.36.
Based on the current rate, you could get 0.01578 NXM for 1 USD.
NXM price has been declining. Since yesterday, the exchange rate of NXM has decreased. Since last month, the exchange rate of NXM has increased. Since this time last year, the price of NXM has decreased.
You can use our NXM to USD calculator at the top of this page to convert any amount of NXM to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.07892 NXM. Inversely, 5 NXM will cost about $316.79
NXM is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy NXM.
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