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IDEX Overview
24h High
$0.01
24h Low
$0.00
24h Change
-4.00%
7d Change
-33.64%
30d Change
-27.75%
Volume 24h
$3.43M
Market Cap
$4.96M
Circulating Supply
1.00B IDEX
IDEX News
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About IDEX
IDEX is a cryptocurrency token linked to the IDEX decentralized exchange. It’s an ERC-20 token on the Ethereum blockchain, used for governance and operations on the exchange. Token holders can vote on decisions, get a share of trading fees, and pay transaction fees. IDEX combines the speed of centralized exchanges with the security of decentralized ones, using a hybrid architecture that leverages off-chain and on-chain processes. It was created by Alex Wearn and Philip Wearn of Aurora Labs S.A.
The IDEX token is an ERC-20 token on the Ethereum blockchain. While it serves as a governance token that enables holders to participate in decisions affecting the IDEX exchange, it is primarily used for staking and securing the protocol. Node operators are required to stake IDEX tokens to function within the network. Contrary to some claims, it's not explicitly stated in primary sources that token holders are entitled to a share of trading fees or can use the token to pay transaction fees on the exchange.
IDEX is known for its innovative approach to decentralized exchanges. It combines an order book model with an automated market maker to facilitate trading. The use of an off-chain trading engine for executing trades that are later settled on-chain sets it apart. This hybrid model eliminates issues like failed trades and susceptibility to front-running or sandwich attacks, thereby making the trading experience more efficient and secure.
IDEX was founded in 2017 under the brand Aurora by Alex Wearn and Philip Wearn. Alex Wearn serves as the CEO and Founder, while Philip Wearn is the Co-Founder and COO. They later rebranded the platform to IDEX. The development and ongoing maintenance of the IDEX exchange are managed by the Wearns, who have focused on creating an innovative decentralized trading platform.
IDEX Markets
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IDEX Platforms
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IDEX Market Data
The live IDEX price today is $0.01 USD with a 24-hour trading volume of $3,434,312.93 USD. We update our IDEX to USD price in real-time. IDEX is down 4.00% in the last 24 hours.
The current market cap is $4,956,535.46 USD, ranking #812 by market capitalization. The circulating supply is 1,000,000,000 IDEX.