IDEX price
Current price
$0.0001756
−7.43% 24h
Live Updated just now
Of the exchanges we read, only Gate.io has a current price for IDEX, so the price is the last trade there, with no other exchange to check it against.
Today IDEX drops 7.4%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour −1.40%
- 24 hours −7.43%
- 7 days +1.27%
- 30 days −12.90%
- 1 year −98.87%
IDEX's move in context
Lagging the market today
−7.43% in 24 hours against −1.01% for the market as a whole, a gap of 6.4 points. A gap this wide suggests something specific to IDEX may be moving it, not just the market mood.
Trend has turned
+1.3% over 7 days and −12.9% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade IDEX
So far we've found IDEX on Gate.io, among the exchanges we read.
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About IDEX
Overview
IDEX is a decentralized cryptocurrency exchange that combines the benefits of both centralized and decentralized exchanges to offer a seamless trading experience. Its core mission is to provide users with a secure, transparent, and efficient platform for exchanging digital assets. By leveraging smart contract technology, IDEX ensures that trades are executed automatically and securely, eliminating the need for a trusted third party. The platform distinguishes itself with features like real-time trading, a high level of liquidity, and the ability to manage both on-chain settlement and off-chain trading. This hybrid model allows for increased speed and reduced costs, making it an attractive choice for traders.
Technical Features
IDEX operates on the Ethereum blockchain and utilizes smart contracts to manage trade settlements. Its unique architecture employs a high-performance matching engine to handle off-chain order books and execute trades instantly, while ensuring all transactions are eventually settled on-chain. This method offers users the security benefits of decentralized exchanges without sacrificing the speed and usability associated with centralized platforms. IDEX also employs a layer-2 scaling solution to improve network efficiency and supports a wide range of ERC-20 tokens, making it a versatile option for traders looking to diversify their portfolios. The platform's consensus mechanism leverages Ethereum's proof-of-stake model to secure the network.
Use Cases
IDEX is primarily used for decentralized trading of cryptocurrencies, allowing users to exchange ERC-20 tokens without relying on a centralized authority. This capability makes it particularly valuable in the realm of decentralized finance (DeFi), where users can engage in activities such as staking, yield farming, and liquidity provision. Furthermore, IDEX supports applications in the area of governance, where its token holders can participate in decision-making processes regarding platform upgrades and feature implementations. Cross-border payments are also facilitated on IDEX, allowing for quick and efficient transfer of cryptocurrency assets globally. Its smart contract functionality ensures that all transactions are processed transparently and securely.
Development Background
IDEX was launched in 2018 by Aurora Labs, a team committed to advancing the decentralized exchange ecosystem. Significant contributors to IDEX's development include Alex Wearn and Philip Wearn, who envisioned creating a decentralized exchange that offers the best of both worlds in terms of security and usability. Since its inception, IDEX has undergone several upgrades to enhance its performance, such as the introduction of the IDEX 2.0 protocol, which introduced major improvements in trading efficiency and user experience. The platform has quickly become a popular choice among crypto enthusiasts for its innovative approach to decentralized trading.
Community and Ecosystem
IDEX boasts a vibrant and active community that spans traders, developers, and cryptocurrency enthusiasts worldwide. The platform frequently collaborates with other industry players and maintains partnerships with various blockchain projects to foster a thriving ecosystem. Development support is robust, with the team behind IDEX continuously innovating and expanding its features to meet user demands. Numerous applications rely on IDEX for liquidity and trading services, and its integration in the DeFi space continues to grow as more projects recognize the benefits of its hybrid trading model.
Future Potential
IDEX's future potential is significant, particularly as the demand for decentralized finance solutions continues to rise. Its hybrid architecture positions it well to scale efficiently while maintaining a user-friendly experience. The platform's roadmap includes plans to integrate additional layer-2 scaling solutions and support for more blockchain networks beyond Ethereum, which could significantly expand the range of available trading pairs. As regulatory landscapes evolve, IDEX’s focus on security, user privacy, and decentralization could make it a frontrunner in compliant yet decentralized exchanges. With constant technological advancements and strategic developments, IDEX is poised to remain a crucial player in the crypto exchange market.
IDEX market
- Position by market cap among the coins we track whose circulating supply is checked.
- #424
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $175.6K
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $1.25K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.0001737 High $0.0001945
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $0.9378
- Now 0% of it Reached 8 Sept 2021 · Needs +533,934% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 1B IDEX
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 1B IDEX
- The most coins that can ever exist. Some coins have no limit.
IDEX converter
1 IDEX = $0.0001756
