The Block • Sep 25, 23
Solana DePIN projects aim to take gig economy to next level
DePINs provide a revenue-generating opportunity analogous to today’s gig economy, according to Solana Foundation DePIN lead Kuleen Nimkar.
Read more

Market cap
$51.7M
Volume (24h)
$2.7M
Circulating supply
950.2M MDX
All time high
$10.06
Price change (1h)
-0.16%
Price change (24h)
+0.21%
Price change (7d)
-6.48%
Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Mdex has fallen by 6.48% in the past 7 days. The price increased by 0.21% in the last 24 hours. In just the past hour, the price shrunk by 0.16%. The current price is $0.0544 per MDX. Mdex is 99.46% below the all time high of $10.06.
The current circulating supply is 950,246,937.395 MDX.
Rate Mdex
Be one of the first to share a rating for this project
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:
Swap: The platform supports token transactions, including transaction mining on HECO and BSC. In addition, transaction fee subsidies are also offered for specific trading pairs.
Liquidity Mining: By staking liquidity provider (LP) tokens and adding liquidity, the platform aims to offer MDX token rewards for users on both HECO and BSC chains.
Boardroom: This reward mechanism aims to provide MDX holders with long-term revenue prospects and let them engage in ecosystem governance and achieve decentralization.
IMO: IMO (initial MDEX offering) is a fundraising model similar to ICO (initial coin offering) in Ethereum.
Fun Buyback: A self-driven system for value generation of the token.
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.
The MDEX platform was launched on January 19, 2021. On the same day, the platform launched liquidity mining and transaction mining. Later, on September 2, 2021, MDEX launched the DAO governance function. Further, the protocol was deployed on the Ethereum network on October 8, 2021.
The MDX token has a maximum total supply of 1 billion. On June 5, 2021, the first MDX halving occurred, reducing the daily token supply from 4.6 million to 2.3 million MDX. The halving mechanism is proposed to maintain token scarcity and price stability.
The MDEX platform states that 49 percent and 31 percent of the total token supply are utilized for transaction mining and liquidity mining purposes on the Heco chain and BSC. Moreover, out of the transaction fee of 0.3 percent of total transaction volume, a portion of 0.14 percent is utilized to reward holders who pledge MDX in the boardroom.
The repurchase and burn function is another significant MDEX implementation. In order to sustain the token’s deflation, the protocol aims to utilize 0.06 percent of the transaction fee to repurchase and destroy MDX. The purpose of repurchasing and burning is to raise the value of a token by decreasing its supply as revenue rises.
Further, MDEX aims to allow single token staking wherein users stake MDX in the boardroom to mine additional MDX. Additionally, it allows users to stake MDX to mine other platform tokens for the given duration.
Furthermore, the platform states that transaction fees aim to constitute a significant portion of MDEX platform revenue in the future. The platform seeks to return all product earnings to MDX holders via incentives, the repurchase and burn mechanism, and other means.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
A selection of cryptocurrencies in the top 50 by market cap.
A selection of the most recently added cryptocurrencies.
Of all the assets on Coinbase, these 12 are the closest to Mdex in market cap.
Conversion Table
MDX/CAD (Canadian Dollar)
CA$0.0735
MDX/GBP (British Pound)
£0.0448
MDX/BRL (Real)
R$0.27
MDX/EUR (Euro)
€0.0516
MDX/NGN (Nigerian Naira)
NGN 42.35
MDX/SGD (Singapore Dollar)
S$0.0746
The Block • Sep 25, 23
Solana DePIN projects aim to take gig economy to next level
DePINs provide a revenue-generating opportunity analogous to today’s gig economy, according to Solana Foundation DePIN lead Kuleen Nimkar.
Read more
Decrypt • Sep 25, 23
Solana Friend.tech Fork Friendzy Volume Edges Towards $1M After Just One Week
A Friend.tech clone has emerged on Solana, generating nearly half the weekly trading volume of the leading incumbent.
Read more
The Block • Sep 25, 23
MicroStrategy buys 5,445 additional bitcoins for $147 million
Michael Saylor's MicroStrategy purchased an additional 5,445 bitcoins for $147.3 million — at an average price of $27,053 per bitcoin.
Read more
CoinDesk • Sep 25, 23
MicroStrategy Bought 5,445 Bitcoin for $150M Since August
The software ompany now holds nearly $4.68 billion worth of the largest cryptocurrency by market capitalization.
Read more
Decrypt • Sep 25, 23
How To Stake AVAX on Avalanche Using Core
Streamlined and user-friendly, Core is the go-to staking solution for Avalanche. Here's our simple guide to staking AVAX with Core.
Read more
BeInCrypto • Sep 25, 23
Cardano (ADA) Claims Top Spot in Crypto Development Activity
Cardano now ranks #1 globally in Developer activity as the team ramps up efforts to compete with emerging L2 networks. Will ADA price react? Cardano now ranks #1 globally in Developer activity as the team ramps up efforts to compete with emerging L2 networks. Will ADA price react?
Read more
Learn how we collect your information by visiting our Privacy Policy.
We update our Mdex to USD currency in real-time. Get the live price of Mdex on Coinbase.
The current market cap of Mdex is $51.73M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Mdex is $10.06. This all-time high is highest price paid for Mdex since it was launched.
Over the last 24 hours, the trading volume of Mdex is $2.71M.
Assets that have a similar market cap to Mdex include FLEX, Bifrost (BFC), Covalent, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Mdex is 950 million.
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.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.