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About SmarDex

SmarDex (SDEX) is a participant in the decentralized finance (DeFi) landscape, with the intention to optimize the functionality of decentralized exchanges (DEXs). It introduces a unique technology that aims to mitigate the issue of Impermanent Loss, and in certain scenarios, even generate Impermanent Gain. This approach is supported by mathematical proof, highlighting its potential effectiveness. SmarDex's protocol emphasizes the importance of continuous research and innovation in the DeFi space, with the goal to provide new opportunities for users, developers, and liquidity providers. The platform also strives to reduce fees, aiming to create a more incentivized environment for liquidity providers.

SmarDex operates by introducing a new technology that manages liquidity differently, using a concept known as Fictive Reserve (FR). This technology strives to address the significant challenge of Impermanent Loss (IL) that arises when users provide tokens to a liquidity pool, and the price of those tokens changes. Previous attempts to solve IL have been unsuccessful, but SmarDex's protocol intends to be the first to effectively address this issue. The platform also aims to lower fees from the traditional 0.3% seen in other DEXs to 0.07% for SmarDex, with 0.05% for liquidity providers (LPs), and 0.02% for an SDEX staking pool.

SmarDex aims to provide a platform where both liquidity providers and users wishing to swap their tokens can benefit from optimized market conditions. By addressing the issue of Impermanent Loss and potentially generating Impermanent Gain, SmarDex seeks to offer a more efficient and beneficial environment for liquidity providers. This could potentially open up new opportunities in the DeFi space, as it strives to provide a more incentivized and cost-effective platform for token swapping and liquidity provision.

SmarDex is a result of ongoing research and innovation in the DeFi space. It was developed to address the significant challenge of Impermanent Loss in decentralized finance, a problem that had previously remained unsolved. The platform's unique approach to managing liquidity using Fictive Reserve (FR) is a result of this research. SmarDex's protocol is supported by mathematical proof, highlighting its potential effectiveness in addressing the issue of IL. The platform's development emphasizes the importance of continuous innovation in the DeFi space, as it aims to provide new opportunities for users, developers, and liquidity providers.

Market

Canada Market Stats

Market cap

CA$152.0M

Volume (24h)

CA$2.3M

Circulating supply

7.2B SDEX

All time high

CA$0.0359

Price change (1h)

-0.03%

Price change (24h)

-0.6%

Price change (7d)

-11.36%

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Aave Labs Unveils V4 Upgrade Proposal, Introducing a Unified Liquidity Layer and ‘Fuzzy’ Rates

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BeInCrypto • May 02, 24

MicroStrategy Enters Decentralized Identity Arena with Bitcoin-powered Protocol

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SmarDex is on the decline this week.

The price of SmarDex has decreased by 0.03% in the last hour and decreased by 0.60% in the past 24 hours. SmarDex’s price has also fallen by 11.36% in the past week. The current price is CA$0.0210 per SDEX with a 24-hour trading volume of CA$2.35M. Currently, SmarDex is valued at 41.48% below its all time high of CA$0.0359. This all-time high was the highest price paid for SmarDex since its launch.

The current circulating supply of SmarDex is 7,229,356,841.772 SDEX which means that SmarDex has as total market cap of 7,229,356,841.772.

FAQ

What is the current price of SmarDex?

We update our SmarDex to CAD currency in real-time. Get the live price of SmarDex on Coinbase.

What is the market cap of SmarDex?

The current market cap of SmarDex is CA$151.97M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SmarDex?

The all-time high of SmarDex is CA$0.0359. This all-time high is highest price paid for SmarDex since it was launched.

What is the 24 hour trading volume of SmarDex?

Over the last 24 hours, the trading volume of SmarDex is CA$2.35M.

How many SmarDex are there?

The current circulating supply of SmarDex is 7.2 billion.

Can I buy SmarDex on Coinbase?

Yes, SmarDex is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy SmarDex guide.