Mdex (MDX)
| Market Cap | $70,342,505 |
|---|---|
| Trading Volume | $5,911,431 |
| Volume / Market Cap | 0.0840 |
| Total Supply | 1,060,000,000 MDX |
| Max Supply | – |
Mdex is currently trading at $0.0748, after a price change of -0.63% in the last 24 hours.
Ranked as cryptocurrency #275 by capitalization today, MDX market cap is valued at $70,342,505. MDX trading volume reached $5,911,431 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on MDX coin price prediction page.
What is Mdex?
Mdex is a decentralized protocol based on BSC and Huobi Ecological Chain. HECO chain was opened by Huobi exchange in 2020. It claims a throughput speed of 500 TPS, 3 seconds confirmation time, and $0.001 in fees.
Mdex functions as an Automated Market Maker and offers access to the Ethereum liquidity in multiple chains. The platform uses many chains to boost decentralized exchange performance. Mdex integrates transaction and liquidity farming for maximum yield.
MDEX bridge facilitates cross-chain network activities. The system buys and burns settlement costs for optimized value. Mdex network’s transaction costs can be offset with mining yield. The platform would link to other blockchains to enhance interconnection.
MDX is the native token of Mdex. There are 799,788,369.24 MDX tokens out of a total supply of 1,000,000,000. 80% of the platform’s native token is used for yield farming, 17% is allocated to the team and early investor, while the remaining is for operations. Mdex was introduced in 2021, and the founding team remains anonymous.