Logo of SMARDEX USDNSMARDEX USDN
Total Value Locked$1.79m

TVL by Chain

Ethereum$1.79m

Key Metrics

DEX Volume 30d$811,218
DEX Volume 30d by chain

Ethereum$811,218

DEX Volume 7d$160,863

Ethereum$160,863

DEX Volume 24h$79,516

Ethereum$79,516

Cumulative DEX Volume$206.47m

Ethereum$206.47m

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 ($4.602b)Falcon Finance ($1.176b)BitFi Basis ($231.17m)Solv Basis Trading ($191.04m)Bitwise USCC ($111.75m)Tori Finance ($67.82m)Axis ($64.17m)ZEROBASE CeDeFi ($62.73m)Aegis YUSD ($34.83m)Piku Finance ($28.94m)

Frequently Asked Questions

What is SMARDEX USDN's TVL?

SMARDEX USDN currently has $1.79m in total value locked. TVL has increased 53.1% 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 #25 by TVL. The category holds $7.321b 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, Axis, ZEROBASE CeDeFi, Aegis YUSD, and Piku Finance.

How much trading volume does SMARDEX USDN process?

SMARDEX USDN processed $811,218 in DEX volume over the past 30 days.