About Polkadex
Polkadex (PDEX) is a cryptocurrency launched in 2021and operates on the Ethereum platform. Polkadex has a current supply of 22,800,000 with 8,360,000 in circulation. The last known price of Polkadex is 0.03532371 USD and is down -17.80 over the last 24 hours. It is currently trading on 15 active market(s) with $13,004.31 traded over the last 24 hours.
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Market Stats
Market Cap
$305.12K
-3.83%
FDV
$729.94K
Circ. Supply
8.4M PDEX
Max Supply
20M PDEX
Total Supply
23M PDEX
Diluted Valuation
$272.68K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$10.23K
-44.53%
Volume (7D)
$106.45K
Volume (30D)
$269.78K
All time high
$230.55
Price Change (1Y)
-64.83%
Additional details
Market details
PDEX vs markets
↘ 74.37%
PDEX vs BTC
↘ 72.69%
PDEX vs ETH
↘ 68.2%
Tags
decentralized-exchange-dex-token
defi
polkadot
dex
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xF59ae934f6fe444afC309586cC60a84a0F89Aaea | |
Sora | 0x008a99c642c508f4f718598f32fa9ecbeea854e335312fecdbd298b92de26e21 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0365 | ↘ 3.88% |
1 Day | $0.0379 | ↘ 3.88% |
1 Week | $0.0387 | ↘ 5.72% |
1 Month | $0.0623 | ↘ 41.37% |
1 Year | $0.10 | ↘ 64.83% |
FAQ
Polkadex is a decentralized peer-to-peer (P2P) cryptocurrency exchange for the DeFi ecosystem. The DEX was created on Substrate and is based on an order book (list of trade orders). Substrate refers to a blockchain technology, particularly, a framework for creating customized blockchains. Thus, the Polkadex orderbook is a hybrid crypto-exchange supported by Web3 (internet version). The entire trading platform operates on the Substrate framework and combines the Automated Market Maker (AMM) model common in several DEXs, with an orderbook model utilized by centralized exchanges. Automated market makers (AMM) are part of decentralized exchanges introduced for removing any intermediaries while trading cryptocurrencies.
The mission of Polkadex is to merge the characteristics of cryptocurrency exchanges and user experience with the benefits of decentralized safety and security. Polkadex was created for attaining this mission with innovative ideas focusing on key areas such as liquidity, custody of assets, the execution speed of trades, and customer areas.
Further, Polkadex aims towards developing a decentralized network utilizing the Substrate framework, focusing on resolving the interface issue by introducing a centralized trading experience. The Substrate framework supports the development of composable, interoperable, and application-specific blockchains without any complexities related to block consensus (transaction verification) and production.
Moreover, to resolve the issue of low liquidity, Polkadex links AMMs to the trading engine directly. The auto market makers operate as on-chain market-making bots. Bots are implemented by traders to facilitate trade automatically in the cryptocurrency markets. If any trade is unable to match against the Polkadex orderbook, the engine instructs on-chain trading bots to try matching the order. The trades are executed successfully only when on-chain bots provide a better price.
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Social stats
Popularity in posts
#1926
Contributors
47
Posts
47
% About Polkadex
0.01%
Hold times
0 days
X (Twitter)
8.59% bullish
Sentiment
2.2 ★
Highlights
47 unique individuals are talking about Polkadex and it is ranked #1,926 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Polkadex has an average sentiment score of 2.2 out of 5. Finally, Polkadex is becoming less newsworthy, with 0 news articles published about Polkadex.
On Twitter, people are mostly neutral about Polkadex. There were 11.52% of tweets with bullish sentiment compared to 34.03% of tweets with a bearish sentiment about Polkadex. 88.48% of tweets were neutral about Polkadex. These sentiments are based on 256 tweets.
On Reddit, Polkadex was mentioned in 0 Reddit posts and there were 0 comments about Polkadex. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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.