Price
$223.93
11/29/2022, 8:23:45 AM
diamondHands

Buy Dopex with Coinbase Wallet

Dopex can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

-

Volume (24h)

$260,877.07

Circulating supply

-

All time high

$4,219.27

Price change (1h)

-0.44%

Price change (24h)

+0.59%

Price change (7d)

+25.8%

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Dopex is on the rise this week.

The price of Dopex has risen by 25.80% in the past 7 days. The price increased by 0.59% in the last 24 hours. In just the past hour, the price shrunk by 0.44%. The current price is $223.930649 per DPX. Dopex is 94.69% below the all time high of $4,219.27.

The current circulating supply is 0 DPX.

About

What Is Dopex (DPX)?

Dopex (DPX) is a decentralized options protocol that aims to maximize liquidity, minimize losses for options writers, and maximize gains for options traders. According to the whitepaper, options are tricky, and efficient options that benefit the purchasers and writers alike are even more deceptive.

Dopex aims to solve the nuances and intricacies that come with options trading by offering fair option pricing, maximum liquidity, capital efficiency for writers, cheaper options for traders, incentives for all protocol participants, rebates for option writers via rDPX, and minimal fees and maximum speed via the Arbitrum blockchain. Arbitrum is an Ethereum scaling solution designed by Offchain Labs to reduce the cost and latency of decentralized applications (DApps) for users and developers.

As per the platform, in traditional finance and existing centralized finance (CeFi), users have to decide strike prices and options expirations to trade while scanning order books for demand on the gain-side. Dopex uses option pools aiming to allow anyone to earn a yield passively. Pool participants deposit cryptocurrency or quote assets, which get utilized as liquidity for users looking to trade options.

Dopex uses two tokens for the protocol to work in synergy: DPX and rDPX. DPX is a governance token used to vote on protocol and app-level proposals. DPX also accrues fees and revenue from pools, vaults, and wrappers built over the Dopex protocol.

rDPX is a token minted and distributed for any setbacks incurred by pool participants.

Furthermore, the whitepaper states that Dopex uses its innovative and state-of-the-art pricing model to replicate volatility smiles. Therefore, Dopex ensures fair and optimized option prices across all strike prices and expirations, which benefits options traders.

History of Dopex

The founder of Dopex is TzTok-Chad and has a core developer team of 5 members. As per the whitepaper, the platform launched its single staking option vaults in Q4 of 2021, and by Q1 2022, Dopex is looking forward to launching the option strategy vaults.

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How much is 1 DPX?

Conversion Table

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Last update: 8:22 AM

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FAQ

What is the current price of Dopex?

The price of 1 Dopex currently costs $223.93.

What is the market cap of Dopex?

The current market cap of Dopex is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Dopex?

The all-time high of Dopex is $4,219.27. This all-time high is highest price paid for Dopex since it was launched.

What is the 24 hour trading volume of Dopex?

Over the last 24 hours, the trading volume of Dopex is $260.88K.

What other assets are similar to Dopex?

Assets that have a similar market cap to Dopex include Recovery Right Token, Aave Ethereum, MetaBET, and many others. To see a full list, see our comparable market cap assets.

How many Dopex are there?

The current circulating supply of Dopex is 0.