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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. 
Trading Insights
Market Stats
Market Cap
£547.82K
FDV
£547.82K
Circ. Supply
736K USDN
Max Supply
No maximum supply
Total Supply
736K USDN
Diluted Valuation
£497.47K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£1.53K
59.48%
Volume (7D)
£10.92K
Volume (30D)
£47.04K
All time high
£0.7698
Price Change (1Y)
0.15%
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 decreased by 0.40% in the past 24 hours. SMARDEX USDN’s price has also fallen by 0.45% in the past week. The current price is £0.7439 per USDN with a 24-hour trading volume of £1.53K. Currently, SMARDEX USDN is valued at 3.36% below its all time high of £0.7698. This all-time high was the highest price paid for SMARDEX USDN since its launch.
The current circulating supply of SMARDEX USDN is 736,401.929 USDN which means that SMARDEX USDN has as total market cap of £547,822.97.
Market details
USDN vs markets
↗ 55.02%
USDN vs BTC
↗ 54.47%
USDN vs ETH
↗ 88%
Tags
stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xde17a000BA631c5d7c2Bd9FB692EFeA52D90DEE2 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.7439 | |
1 Day | £0.7474 | |
1 Week | £0.746 | |
1 Month | £0.7389 | |
1 Year | £0.735 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
SMARDEX USDN calculator
Related assets
Popular price predictions
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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