About MUX Protocol
MUX is a decentralized leveraged trading protocol allowing zero price impact trading, up to 100x leverage, no counterparty risks for traders and an optimized on-chain trading experience. In addition, MUX is the first multi-chain native protocol unifying pooled liquidity across deployed chains to maximize capital efficiency.
Trading Insights
Searched
3
Market Stats
Market Cap
£6.78M
0.33%
FDV
£8.53M
Circ. Supply
3.8M MCB
Max Supply
4.8M MCB
Total Supply
4.8M MCB
Total Value Locked
£1.61M
Diluted Valuation
£8.57M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£1.58K
1.94%
Volume (7D)
£10.96K
Volume (30D)
£47.19K
All time high
£48.79
Price Change (1Y)
-64.66%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of MUX Protocol has decreased by 0.05% in the last hour and increased by 0.12% in the past 24 hours. MUX Protocol’s price has also fallen by 1.58% in the past week. The current price is £1.78 per MCB with a 24-hour trading volume of £1.58K. Currently, MUX Protocol is valued at 96.35% below its all time high of £48.79. This all-time high was the highest price paid for MUX Protocol since its launch.
The current circulating supply of MUX Protocol is 3,821,523 MCB which means that MUX Protocol has as total market cap of £6,782,815.78.
Market details
MCB vs markets
↘ 78.1%
MCB vs BTC
↘ 80.91%
MCB vs ETH
↘ 63.85%
Tags
decentralized-exchange-dex-token
defi
derivatives
mvb
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x4e352cF164E64ADCBad318C3a1e222E9EBa4Ce42 | |
BNB Smart Chain | 0x5fE80d2CD054645b9419657d3d10d26391780A7B | |
Arbitrum | 0x4e352cF164E64ADCBad318C3a1e222E9EBa4Ce42 |
Price history
Time | Price | Change |
|---|---|---|
Today | £1.78 | ↗ 0.12% |
1 Day | £1.78 | ↗ 0.12% |
1 Week | £1.78 | ↘ 1.58% |
1 Month | £1.71 | ↗ 2.64% |
1 Year | £5.21 | ↘ 64.66% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
MCDEX (MCB) is the first entirely permissionless DEX for perpetual contracts trading, fuelled by MCDEX's technology known as AMM. The creation of MCDEX AMM is positively capital efficient; hence, delivering low slippage and costs for traders. MCDEX AMM claims to be over 1,000 times more efficient than standard XYK AMM within the exact liquidity in the pool. The MCDEX protocol permits anyone to form any market, significantly increasing market diversification.
In MCDEX, decentralized Oracle services like Chainlink and Band have high protection and consensus. However, because of cost considerations, Oracle data services generally have a significant deviation (0.1%~0.5%). It is appropriate to utilize the price delivered by the decentralized Oracle service instantly as the marked price. The marked price of the unchanging contract is only utilized to compute the contract position value, thereby specifying the liquidation price. Currently, the maintenance margin suggested by MCDEX is 6.7%. The divergence of 0.5% doesn't impact the liquidation of the perpetual contract.
By significantly raising the credibility of the perpetual contracts, the usage of decentralized Oracle services can eradicate the “price manipulation issue” caused by the short-term capital fluctuations of centralized trades. However, when a decentralized Oracle is utilized for AMM pricing, a significant Oracle variation causes a more extensive arbitrage space for AMM quotations.
The MCB token is native to the platform. The community of MCDEX has published the governance token MCB and has accomplished a string of governance work. In contrast, establishing the Mai3 protocol, the platform established MCDEX DAO based on MCB. MCDEX DAO is the heart of the MCDEX community. The mission of the MCDAO is to develop the MCDEX ecosystem continuously. The platform provides a governance incentive for MCB token holders who partake in community governance.
Liu Jie is the founder of the MCDEX platform. Liu Jie is based in Beijing and previously ran a mining software business. MCDEX has a total supply of 2,268,644 tokens.
We update our MUX Protocol to GBP currency in real-time. Get the live price of MUX Protocol on Coinbase.
The current market cap of MUX Protocol is £6.78M. A high market cap implies that the asset is highly valued by the market.
The all-time high of MUX Protocol is £48.79. This all-time high is highest price paid for MUX Protocol since it was launched.
Over the last 24 hours, the trading volume of MUX Protocol is £1.58K.
Assets that have a similar market cap to MUX Protocol include Creta World, KLAYswap Protocol, Alaya Governance Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of MUX Protocol is 3.8 million.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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.
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.