Logo of SMARDEX USDNSMARDEX USDN
Total Value Locked$1.43m

TVL by Chain

Ethereum$1.43m

Key Metrics

DEX Volume 30d$1.35m
DEX Volume 30d by chain

Ethereum$1.35m

DEX Volume 7d$655,331

Ethereum$655,331

DEX Volume 24h$537,156

Ethereum$537,156

Cumulative DEX Volume$207.46m

Ethereum$207.46m

Protocol Information

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

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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 ($4.677b)Falcon Finance ($1.176b)BitFi Basis ($233.03m)Solv Basis Trading ($192.27m)Bitwise USCC ($111.8m)Tori Finance ($67.76m)ZEROBASE CeDeFi ($62.66m)Axis ($60.75m)Aegis YUSD ($34.85m)Piku Finance ($29.02m)

Frequently Asked Questions

What is SMARDEX USDN's TVL?

SMARDEX USDN currently has $1.43m in total value locked. TVL has increased 22.4% 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 #29 by TVL. The category holds $7.394b across 40 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, ZEROBASE CeDeFi, Axis, Aegis YUSD, and Piku Finance.

How much trading volume does SMARDEX USDN process?

SMARDEX USDN processed $1.35m in DEX volume over the past 30 days.