Logo of SMARDEX USDN

SMARDEX USDN

Total Value Locked$1.4m

TVL by Chain

Ethereum$1.4m

Key Metrics

DEX Volume 30d$1.75m
DEX Volume 30d by chain

Ethereum$1.75m

DEX Volume 7d$621,211

Ethereum$621,211

DEX Volume 24h$477,360

Ethereum$477,360

Cumulative DEX Volume$208.5m

Ethereum$208.5m

Protocol Information

USDN token is a synthetic U.S. dollar backed by a structured product utilizing a delta-Neutral strategy

WebsiteX/Twitter
Category:Basis Trading

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHub

Competitors

Ethena USDe ($4.803b)Falcon Finance ($1.653b)BitFi Basis ($234.23m)Solv Basis Trading ($204.83m)Bitwise USCC ($127.34m)Tori Finance ($70.59m)Axis ($63.6m)ZEROBASE CeDeFi ($60.87m)Aegis YUSD ($34.35m)Piku Finance ($19.36m)

Frequently Asked Questions

What is SMARDEX USDN's TVL?

SMARDEX USDN currently has $1.4m in total value locked. TVL has decreased 21.7% over the past 30 days.

What chains does SMARDEX USDN operate on?

SMARDEX USDN operates on Ethereum. Ethereum holds the largest share at 100%.

How does SMARDEX USDN's TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, SMARDEX USDN ranks #28 by TVL. The category holds $7.851b across 39 protocols, and SMARDEX USDN accounts for <0.1% of that total. Other leading protocols include Ethena USDe, Falcon Finance, BitFi Basis, Solv Basis Trading, Bitwise USCC, Tori Finance, Axis, ZEROBASE CeDeFi, Aegis YUSD, and Piku Finance.

How much trading volume does SMARDEX USDN process?

SMARDEX USDN processed $1.75m in DEX volume over the past 30 days.