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MDEX is a decentralised exchange (DEX) and trading protocol that was released in 2021. The platform was built and developed on the Huobi Ecological Chain network.
MDEX is similar to other automated market-making (AMM) DEXs within the decentralised finance (DeFi) ecosystem. The platform hosts liquidity pools, swapping mechanisms for a range of cryptocurrencies, and is controlled by an integrated DAO. However, what sets MDEX apart is its multi-chain compatibility. The application is built on the Huobi network and, therefore, avoids much of the congestion found on Ethereum. However, the DEX has also integrated elements of the Ethereum ecosystem, which means the DEX can still provide liquidity for a vast number of ERC-20 tokens.
MDX tokens are the utility token of the MDEX exchange and can be used to receive yield rewards and participate in the governance mechanisms of the platform.
Mdex (MDX) is the 310th largest cryptocurrency in the world by market cap, valued at $85,584,042. The current price of Mdex is $0.13782769, which is -3.535% lower than yesterday. Prices have ranged between $0.14678664 and $0.13775619 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 18, 2022 03:05 UTC.
| Coin symbol | MDX |
|---|---|
| Coin Marketcap | AUD$85,584,042 |
| Total MDX supply | 1,000,000,000 |
| Circulating MDX | 888,566,095 |
| Current price | AUD$0.13782769 |
| All time high date | February 22, 2021 |
| Notable team members | Justin Sun |
| Partnerships | JustSwap |
| Industry | Decentralised exchange |
| Token uses | Rewards, governance |
| Network | Huobi Eco Chain |
Historical prices compared with the price of $0.13782769.
| 1 hour | -0.85% |
|---|---|
| 24 hours | -3.53% |
| 7 days | -29.00% |
| 14 days | -45.06% |
| 30 days | -56.77% |
|---|---|
| 60 days | -60.83% |
| 200 days | -90.71% |
| 1 year | -96.12% |
Disclaimer: Cryptocurrencies, including Mdex, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MDX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Mdex or any other cryptocurrency discussed.
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