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Market cap


Volume (24h)


Circulating supply

950.2M MDX

All time high


Price change (1h)


Price change (24h)


Price change (7d)


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Mdex is on the decline this week.

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.


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What Is MDEX (MDX)?

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.

History of MDEX (MDX)

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.

How Are New MDX Tokens Created?

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.

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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 $51.73M. 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 $2.71M.

What other assets are similar to Mdex?

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.

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.