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Polkadex

PDEX

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Polkadex is not available for trading on the Coinbase Exchange, but is supported on Coinbase Wallet

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Polkadex is only available through Coinbase Wallet. Assets on Coinbase Wallet are not held by Coinbase. Use of Coinbase Wallet is subject to these terms.

Market

Market stats

Market cap

$5.1M

Volume (24h)

$116,978.51

Circulating supply

8.4M PDEX

All time high

$230.55

Price change (1h)

+0.84%

Price change (24h)

-0.27%

Price change (7d)

-17.22%

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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.

Polkadex is on the decline this week.

The price of Polkadex has fallen by 17.22% in the past 7 days. The price declined by 0.27% in the last 24 hours. In just the past hour, the price grew by 0.84%. The current price is $0.61 per PDEX. Polkadex is 99.73% below the all time high of $230.55.

The current circulating supply is 8,360,000 PDEX.

About

What Is Polkadex (PDEX)?

Polkadex is a decentralized peer-to-peer (P2P) cryptocurrency exchange for the DeFi ecosystem. The DEX was created on Substrate and is based on an order book (list of trade orders). Substrate refers to a blockchain technology, particularly, a framework for creating customized blockchains. Thus, the Polkadex orderbook is a hybrid crypto-exchange supported by Web3 (internet version). The entire trading platform operates on the Substrate framework and combines the Automated Market Maker (AMM) model common in several DEXs, with an orderbook model utilized by centralized exchanges. Automated market makers (AMM) are part of decentralized exchanges introduced for removing any intermediaries while trading cryptocurrencies.

The mission of Polkadex is to merge the characteristics of cryptocurrency exchanges and user experience with the benefits of decentralized safety and security. Polkadex was created for attaining this mission with innovative ideas focusing on key areas such as liquidity, custody of assets, the execution speed of trades, and customer areas.

Further, Polkadex aims towards developing a decentralized network utilizing the Substrate framework, focusing on resolving the interface issue by introducing a centralized trading experience. The Substrate framework supports the development of composable, interoperable, and application-specific blockchains without any complexities related to block consensus (transaction verification) and production.

Moreover, to resolve the issue of low liquidity, Polkadex links AMMs to the trading engine directly. The auto market makers operate as on-chain market-making bots. Bots are implemented by traders to facilitate trade automatically in the cryptocurrency markets. If any trade is unable to match against the Polkadex orderbook, the engine instructs on-chain trading bots to try matching the order. The trades are executed successfully only when on-chain bots provide a better price.

History of Polkadex (PDEX)

Polkadex was launched on September 29, 2021 by a team of many developers and the CEO of Polkadex, Gautham J. The team started migrating the PDEX tokens based on ERC-20 from Ethereum to Polkadex soon after its launch.

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Reading List

News

The Block • Sep 27, 23

Bitcoin’s correlation with equities continuing to diverge

The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.

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Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on

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CoinDesk • Sep 27, 23

The Protocol: Google Pushes Deeper into Blockchain

Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.

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CoinDesk • Sep 27, 23

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The Block • Sep 27, 23

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Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.

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Guides

Coinbase

How to Buy Polkadex

You can buy Polkadex using Coinbase Wallet, your key to the world of crypto. We wrote a guide on how you can buy Polkadex using Coinbase wallet.

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FAQ

What is the current price of Polkadex?

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

What is the market cap of Polkadex?

The current market cap of Polkadex is $5.14M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Polkadex?

The all-time high of Polkadex is $230.55. This all-time high is highest price paid for Polkadex since it was launched.

What is the 24 hour trading volume of Polkadex?

Over the last 24 hours, the trading volume of Polkadex is $116.98K.

What other assets are similar to Polkadex?

Assets that have a similar market cap to Polkadex include DEAPcoin, Shyft Network, Lossless, and many others. To see a full list, see our comparable market cap assets.

How many Polkadex are there?

The current circulating supply of Polkadex is 8.4 million.

Can I buy Polkadex on Coinbase?

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

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.