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About apxUSD
Apyx is the first Dividend-Backed Stablecoin protocol. It acquires preferred equity issued by Digital Asset Treasuries (DATs), which are publicly-listed companies that hold digital assets on their balance sheets and issue preferred shares paying monthly cash dividends. Apyx holds these preferred shares as collateral and converts the offchain dividend cash flows into onchain yield.
The protocol has two tokens. apxUSD is a synthetic dollar backed by over 100% collateral in DAT preferred shares. It does not pay yield directly and is designed to provide liquidity across DeFi and CeFi. apyUSD is an ERC-4626 vault where users lock apxUSD to receive enhanced yield from the underlying dividend streams. As dividends are distributed, apyUSD increases in value relative to apxUSD over time.
The protocol manages risk through daily NAV reporting, auto-rebalancing based on issuer concentration and liquidity thresholds, stress testing across drawdown and rate shock scenarios, and a protocol-owned liquidity buffer that acts as additional overcollateralization. DeFi Development Corp. (Nasdaq: DFDV), the first SOL Digital Asset Treasury, is a core strategic partner.
Trading Insights
Market Stats
Market Cap
£215.3M
4.15%
FDV
Not enough data
Circ. Supply
383M APXUSD
Max Supply
Not enough data
Total Supply
383M APXUSD
Diluted Valuation
£215.3M
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
£3.74M
67.87%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
£0.5797
Price Change (1Y)
Not enough data
25.84%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of apxUSD has increased by 0.20% in the last hour and increased by 4.25% in the past 24 hours. apxUSD’s price has also fallen by 17.65% in the past week. The current price is £0.5608 per APXUSD with a 24-hour trading volume of £3.74M. Currently, apxUSD is valued at 3.26% below its all time high of £0.5797. This all-time high was the highest price paid for apxUSD since its launch.
The current circulating supply of apxUSD is 383,389,263.007 APXUSD which means that apxUSD has as total market cap of £215,298,138.86.
Market details
APXUSD vs markets
↗ 16.53%
APXUSD vs BTC
↗ 32.05%
APXUSD vs ETH
↗ 13.94%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x98A878b1Cd98131B271883B390f68D2c90674665 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.5608 | |
1 Day | £0.5406 | |
1 Week | £0.6803 | |
1 Month | £0.7442 | |
1 Year | £0.00 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Social stats
Popularity in posts
#929
Contributors
39
Posts
44
% About apxUSD
0.011%
Articles
1
X (Twitter)
36.84% bullish
Sentiment
4.7 ★
Highlights
39 unique individuals are talking about apxUSD and it is ranked #929 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, apxUSD has an average sentiment score of 4.7 out of 5. Finally, apxUSD is becoming less newsworthy, with 1 news articles published about apxUSD.
On Twitter, people are mostly neutral about apxUSD. There were 43.75% of tweets with bullish sentiment compared to 18.75% of tweets with a bearish sentiment about apxUSD. 56.25% of tweets were neutral about apxUSD. These sentiments are based on 38 tweets.
On Reddit, apxUSD was mentioned in 2 Reddit posts and there were 6 comments about apxUSD. 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
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.
