Logo of SMARDEX USDNSMARDEX USDN
Total Value Locked$1.76m

TVL by Chain

Ethereum$1.76m

Key Metrics

DEX Volume 30d$731,702
DEX Volume 30d by chain

Ethereum$731,702

DEX Volume 7d$81,347

Ethereum$81,347

DEX Volume 24h$37,314

Ethereum$37,314

Cumulative DEX Volume$206.35m

Ethereum$206.35m

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 ($4.604b)Falcon Finance ($1.176b)BitFi Basis ($230.94m)Solv Basis Trading ($190.9m)Bitwise USCC ($111.75m)Tori Finance ($67.23m)Axis ($64.72m)ZEROBASE CeDeFi ($62.74m)Aegis YUSD ($34.85m)Piku Finance ($28.54m)

Frequently Asked Questions

What is SMARDEX USDN's TVL?

SMARDEX USDN currently has $1.76m in total value locked. TVL has increased 49.9% 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 $7.323b 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 $731,702 in DEX volume over the past 30 days.