Cryptos:  11,061Exchanges:  390Market Cap:  $1,537,200,988,67224h Vol:  $93,580,003,435Dominance:  BTC: 47.0% ETH: 17.8%ETH Gas:  26 Gwei
Cryptos:  11,061Exchanges:  390Market Cap:  $1,537,200,988,67224h Vol:  $93,580,003,435Dominance:  BTC: 47.0% ETH: 17.8%ETH Gas:  26 Gwei
MDX holders now can stake the single token MDX on, that is, they can choose to lock up their positions for current, 30 days, 90 days, 180 days and 365 days.


Rank #87
On 180,354 watchlists

Mdex Price (MDX)


0.00003192 BTC3.31%

0.0005245 ETH3.31%

MDX  Mdex MDXPrice: $1.23 3.31%
Market Cap
Fully Diluted Market Cap
Volume / Market Cap
Circulating Supply
575,028,216.23 MDX
Max Supply
Total Supply

Mdex Chart

Loading Data

Please wait, we are loading chart data

MDX Price Live Data

The live Mdex price today is $1.23 USD with a 24-hour trading volume of $44,457,850 USD. Mdex is up 3.31% in the last 24 hours. The current CoinMarketCap ranking is #87, with a live market cap of $705,207,954 USD. It has a circulating supply of 575,028,216 MDX coins and the max. supply is not available.

If you would like to know where to buy Mdex, the top exchanges for trading in Mdex are currently Binance, Huobi Global, CoinTiger, BitWell, and Hotcoin Global. You can find others listed on our crypto exchanges page.

What Is Mdex (MDX)?

MDEX is a new decentralized trading protocol that was only launched in January 2021, but which has already usurped Ethereum’s Uniswap and SushiSwap, Binance Smart Chain’s PancakeSwap and the 1inch exchange in popularity, flippening Uniswap as the number 1 ranked DEX on CoinMarketCap as of March 2021.

MDEX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain (HECO). This allows it to benefit from both the super-low transaction fees of HECO and deep liquidity of the Ethereum ecosystem.

As a trading platform built on top of HECO, MDEX is currently leaving Uniswap behind in terms of cost and speed. The estimated cost for token swaps could drop as low as $0.001 for each trade. In addition, the transaction speed on the HECOChain-hosted DEX can achieve finality in as little as three seconds.

At the time of this writing, MDEX dominates the DEX market’s trading volumes, commanding around 38-40% of the total market share, with a 24 hour volume of nearly $1.7 billion — this is twice that of previous leader Uniswap, which holds around a 23% share with $1.1 billion in volume. This comes as the governance tokens of the leading DEX protocols are soaring to new record highs.

What Makes Mdex Unique?

The vast majority of DeFi projects live on the Ethereum network as ERC-20 assets, but considering its status quo of expensive gas fees and slow transaction speeds, the world's number two blockchain will to step up its game soon or risk having its DEX projects migrate to other more efficient chains for good.

Most newly-developed protocols heavily consider scalability factors in their choice of blockchain networks if they want a fast adoption rate. Uniswap at least had an early-mover advantage, since it launched before the Ethereum network became heavily congested — and some say that Uniswap itself is one of the main reasons for the network’s congestion), However, Uniswap’s market majority could change really fast if second-layer solutions are not rolled out in time and deliver their expected results.

Meanwhile, Huobi is aggressively expanding its reach in the space, firmly intent on further developing the HECO ecosystem.

Check out Uniswap here.

Check out SushiSwap here.

Learn more about DEXs here.

Read about crypto on the CMC blog.

How Is the Mdex Network Secured?

Uniswap is built on top of Ethereum, making it unavoidably connected to the smart contract-based blockchain network’s skyrocketing gas fees. As long as Ethereum 2.0 is not fully functional, DEXs that run on less-congested networks like Binance Smart Chain were bound to overtake Uniswap in terms of decentralized finance (DeFi) user onboarding and market volume at least temporarily, which is what played at the end of February 2021. On a side note, second-layer solutions like Optimism might help Uniswap’s scaling issues in the near future.

Huobi, the Seychelles-based crypto exchange founded in China and listed in Hong Kong, is a leading trading platform with a deep footprint in Asian markets and millions of users. Huobi officially launched its eco-chain HECO in December 2020, where the new platform quickly surged in popularity thanks to a maximum 500 transactions-per-second (TPS) rate, transaction confirmation time of only three seconds and a ridiculously low GAS fee of only $0.001. These statistics have attracted new DeFi developers and other users looking for a platform with higher efficiency and transacting speeds, resulting in a total value locked (TVL) of over $1.38 billion and over 1,800,000 addresses by the beginning of February.

MDEX’s Dual Mining Innovation

There are instances where transactions made on MDEX can cost almost nothing, sometimes resulting in even negative charges, since users are given rewards for trading and mining, effectively canceling out the costs of transacting on the network. Recent reports say that MDEX has already handed out as much as $280 million in transaction mining rewards and $200 million in liquidity mining incentives.

MDEX’s Deflationary Tokenomics Keeps MDX Sustainable

MDEX’s tokenomics follows a “repurchase and burn” model, which decreases the circulating supply of the MDX token over time, driving up its value. This model keeps the value of MDX sustainable over the long run. Its tokenomics are also further supported by the “repurchase and reward” model, which further incentivizes MDX holders to keep their tokens.

On top of yield rewards, MDX tokens can also be used to participate in the governance mechanism of one of the fastest-growing DEXs in the market. Holders can propose and vote on the listing of a token on the MDEX market or collateralization of any other asset.

MDEX’s Protocol Compatibility Brings Project Partnerships

MDEX is designed for users and project developers as it implements an automated market maker (AMM) that facilitates low slippages for trades, good market depth and high yields for transaction and liquidity miners. This makes it an attractive environment for DeFi projects.

Huobi and HECO-based projects also enjoy the deployment of MDEX as it facilitates the trade of these networks’ supported assets. Even Ethereum-based DeFi protocols such as AAVE, BAL, LINK and YFI have also begun liquidity mining on MDEX.

Where Can You Buy Mdex (MDX)?

Mdex is trading on markets including Huobi Global, and the MDEX exchange, among others.

Learn more about how to buy crypto here.






United States Dollar

MDX Price Statistics

Mdex Price Today
Mdex Price$1.23
Price Change24h$0.03933
24h Low / 24h High
$1.16 /
Trading Volume24h$44,457,850.44
Volume / Market Cap0.06304
Market Dominance0.05%
Market Rank#87
Mdex Market Cap
Market Cap$705,207,953.86
Fully Diluted Market Cap$1,226,388,434.44
Mdex Price Yesterday
Yesterday's Low / High
$1.16 /
Yesterday's Open / Close
$1.25 /
Yesterday's Change


Yesterday's Volume$35,334,069.33
Mdex Price History
7d Low / 7d High
$1.05 /
30d Low / 30d High
$1.05 /
90d Low / 90d High
$1.05 /
52 Week Low / 52 Week High
$1.05 /
All Time High
Feb 22, 2021 (5 months ago)
All Time Low
Jul 21, 2021 (5 days ago)
Mdex ROI
No Data
Mdex Supply
Circulating Supply575,028,216 MDX
Total Supply1,000,000,000 MDX
Max SupplyNo Data