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Market

Market stats

Market cap

$72.9M

Volume (24h)

$4.7M

Circulating supply

950.2M MDX

All time high

$10.06

Price change (1h)

-0.39%

Price change (24h)

+2.47%

Price change (7d)

+13.53%

About Mdex

MDEX is a decentralized exchange (DEX) based on an automated market maker (AMM) for multi-chain transactions. In a DEX, crypto traders transact directly with one another in a peer-to-peer marketplace and settle the transaction on the blockchain. The MDEX platform is such a DEX that aims to integrate multiple blockchains and deploys Binance Smart Chain (BSC), Heco chain, and Ethereum. Notably, the platform employs AMM, a set of protocols that allows groups of users to act as market makers by adding liquidity to a pool and collecting fees on transactions executed between traders. MDEX aims to provide users with a secure, diverse, and cost-effective transaction experience through its liquidity services.

MDEX seeks to combine the benefits of the Heco chain’s lower transaction costs and the Ethereum ecosystem’s prosperity. Further, the protocol has a dual mining mechanism that allows for both liquidity mining and transaction mining. That is, users of MDEX earn rewards by providing liquidity and through trade mining and can also earn tokens for every transaction/trade. The platform aims to charge a minimal transaction fee that can be offset through transaction mining, making it a zero-fee platform. This approach attempts to deliver optimum rewards to participants while also attracting adequate liquidity to MDEX. The two constitute a virtuous cycle that seeks to boost MDEX’s growth and development perpetually. 

MDEX’s AMM-based exchange works on the concept of fund pools that powers the DeFi. According to the litepaper, the DeFi market has vast potential, and MDEX seeks to maximize its transaction volume by integrating DEX, DAO, and IMO in its ecosystem. The MDEX platform aims to offer facilities categorized into five major sectors:

The platform’s ticker is MDX, a governance token. The token aims to form a crucial component in MDEX’s strategic deployment, which also expects to have a wide application scenario. Holders earn rewards through liquidity mining and trade mining. Platform users vote using MDX tokens to participate in the governance and earn corresponding rewards.

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Mdex is on the rise this week.

The price of Mdex has decreased by 0.39% in the last hour and increased by 2.47% in the past 24 hours. Mdex’s price has also risen by 13.53% in the past week. The current price is $0.0768 per MDX with a 24-hour trading volume of $4.70M. Currently, Mdex is valued at 99.24% below its all time high of $10.06. This all-time high was the highest price paid for Mdex since its launch.

The current circulating supply of Mdex is 950,246,937.395 MDX which means that Mdex has as total market cap of 950,246,937.395.

FAQ

What is the current price of Mdex?

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

What is the market cap of Mdex?

The current market cap of Mdex is $72.90M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Mdex?

The all-time high of Mdex is $10.06. This all-time high is highest price paid for Mdex since it was launched.

What is the 24 hour trading volume of Mdex?

Over the last 24 hours, the trading volume of Mdex is $4.70M.

What other assets are similar to Mdex?

Assets that have a similar market cap to Mdex include IRISnet, HUNT, IDEX, and many others. To see a full list, see our comparable market cap assets.

How many Mdex are there?

The current circulating supply of Mdex is 950 million.

Can I buy Mdex on Coinbase?

No, Mdex is not currently available on Coinbase, but you can sign up to get the latest news on Mdex and be notified when it gets added to our exchange.

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