About SMARDEX USDN
USDN is a pioneering synthetic U.S. dollar token developed within the SmarDex ecosystem. Unlike traditional stablecoins that often depend on centralized reserves or collateral to maintain their value, USDN employs a fully decentralized approach. Its value stability is achieved through a mathematical financial process known as a Delta-Neutral strategy. This strategy involves balancing two distinct groups of participants: - Vault Participants: These users deposit assets into the protocol’s vault to mint USDN tokens. - Long Position Traders: These traders open leveraged long positions on the underlying asset, seeking amplified exposure. The interplay between these groups ensures that USDN maintains a value close to that of the U.S. dollar while simultaneously generating yields for its holders. This design offers a decentralized alternative to traditional stablecoins, providing both stability and profitability within the decentralized finance (DeFi) landscape. 
Market Stats
Market Cap
£2.55M
-1.13%
FDV
£2.55M
Circ. Supply
3.4M USDN
Max Supply
Not enough data
Total Supply
3.4M USDN
Diluted Valuation
£2.55M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£6.60K
0.03%
Volume (7D)
£1.78K
Volume (30D)
£17.22K
All time high
£0.78
Price Change (1Y)
-0.47%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of SMARDEX USDN has decreased by 0.00% in the last hour and increased by 0.03% in the past 24 hours. SMARDEX USDN’s price has also fallen by 0.19% in the past week. The current price is £0.74 per USDN with a 24-hour trading volume of £6.60K. Currently, SMARDEX USDN is valued at 4.38% below its all time high of £0.78. This all-time high was the highest price paid for SMARDEX USDN since its launch.
The current circulating supply of SMARDEX USDN is 3,436,217.779 USDN which means that SMARDEX USDN has as total market cap of £2,547,221.19.
Market details
USDN vs markets
↘ 40.1%
USDN vs BTC
↘ 43.74%
USDN vs ETH
↘ 2.48%
Tags
stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xde17a000BA631c5d7c2Bd9FB692EFeA52D90DEE2 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.74 | ↗ 0.03% |
1 Day | £0.74 | ↗ 0.03% |
1 Week | £0.74 | ↘ 0.19% |
1 Month | £0.74 | ↘ 0.71% |
1 Year | £0.81 | ↘ 0.47% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
We update our SMARDEX USDN to GBP currency in real-time. Get the live price of SMARDEX USDN on Coinbase.
The current market cap of SMARDEX USDN is £2.55M. A high market cap implies that the asset is highly valued by the market.
The all-time high of SMARDEX USDN is £0.78. This all-time high is highest price paid for SMARDEX USDN since it was launched.
Over the last 24 hours, the trading volume of SMARDEX USDN is £6.60K.
Assets that have a similar market cap to SMARDEX USDN include BASE, Fei USD, CHADETTE, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of SMARDEX USDN is 3.4 million.
SMARDEX USDN calculator
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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.
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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.