|Volume / Market Cap
IDEX is currently trading at $0.0420, after a price change of 1.57% in the last 24 hours.
Ranked as cryptocurrency #469 by capitalization today, IDEX market cap is valued at $28,340,631. IDEX trading volume reached $2,285,051 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on IDEX coin price prediction page.
What is IDEX?
IDEX is a hybrid decentralized exchange protocol featuring a traditional order book, a matching engine, and automated market-making. The platform is based on Ethereum and BSC and seeks to deploy on Polkadot. IDEX operates an off-chain trading interface to support a high number of orders at a lower latency. The protocol facilitates trading with a feature, where swapping is available with or without depositing funds. Swap happens when funds are deposited.
The protocol’s hybrid liquidity features instant trade matching with the ideal match of limit orders and an AMM liquidity pool. IDEX blends an off-chain trading model and an on-chain order settlement. The protocol automatically maintains gas fees to reduce costs, cut the number of failed trades, and curb front-running.
IDEX is the native token powering IDEX. There is a 605,161,834.25 circulating token supply from a total of 1,000,000,000 and no maximum limit. The decentralization of the platform is powered by staking the IDEX token powers. The tokens support IDEXd staking software for users to run network nodes. Stakers receive half of all the settlement charges in the protocol as an incentive.
IDEX was co-founded by two brothers, Alex Wearn and Phil Wearn, in 2017.