Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Wrapped NXM price

Wrapped NXM Price (WNXM)

$31.31

2.39%
Rank #567

Wrapped NXM Price Chart (WNXM/USD)

Last updated 02 Aug 2023, 14:15PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance WNXM / USDT $8.40 0.12% $717,634
2 Huobi Global WNXM / USDT $29.66 0.01% $468,865
3 WhiteBIT WNXM / USDT $31.12 0.24% $390,995
4 CoinW WNXM / USDT $31.77 0.41% $387,538
5 Bitazza WNXM / USDT $31.42 0.47% $79,376
6 Bitrue WNXM / USDT $30.54 0.10% $64,431
7 MEXC Global WNXM / ETH $14.37 0.11% $42,320
8 MEXC Global WNXM / USDT $30.94 0.20% $16,209
9 KuCoin WNXM / USDT $14.47 0.57% $14,777
10 Bilaxy WNXM / ETH $10.02 1.48% $13,959
11 OKX WNXM / USDT $23.94 0.38% $10,612
12 CoinEx WNXM / USDT $31.33 0.06% $3,784
13 BingX WNXM / USDT $30.43 0.59% $2,845
14 Nominex WNXM / USDT $31.13 0.16% $2,442
15 Bitazza WNXM / THB $31.49 0.70% $2,161
16 KuCoin WNXM / BTC $14.56 0.99% $1,669
17 Bilaxy WNXM / USDT $29.08 1.13% $17,758
18 Pionex WNXM / USDT $29.29 0.16% $757
19 CEX.IO WNXM / USD $26.00 33.65% $20
20 Bancor Network WNXM / BNT $12.43 0.60% $102,500
21 Poloniex WNXM / USDT $30.47 8.81% $517

WNXM Price Statistics

$31
24H Range
$32
  • Wrapped NXM Price Now $31
  • 24h Low / 24h High $31 / $32
  • Trading Volume $1,224,683
  • Market Cap Rank #316
  • Market Cap $74,433,435
  • Volume / Market Cap 0.0165
  • All-Time High $131 -76.08%
    May 12, 2021
  • All-Time Low $8 302.21%
    Dec 30, 2022
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Wrapped NXM: Unleashing the Potential of Crypto Insurance

What is Wrapped NXM?

Wrapped NXM (wNXM) is a cryptocurrency that represents the tokenized form of NXM, the native governance token of Nexus Mutual.

Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain. It aims to provide coverage for smart contract risks, allowing users to protect themselves against potential financial losses due to breaches and vulnerabilities in smart contract codes.

How Does it Work?

Wrapped NXM allows for greater liquidity and accessibility to the NXM token, which is otherwise less liquid due to its need to be staked for cover and used for governance purposes within the Nexus Mutual ecosystem.

By wrapping the NXM token, users can trade it on various decentralized exchanges (DEXs) and access additional features, such as earning yield through lending platforms or using it as collateral for loans.

Benefits of Wrapped NXM

1. Enhanced Liquidity: Wrapping NXM token brings more liquidity to the market, making it easier for users to buy, sell, or trade the cryptocurrency.

2. Accessibility: By transforming NXM into wNXM, it becomes easier for users to participate in the Nexus Mutual ecosystem without going through the process of staking NXM for cover or governance.

3. Additional Utility: wNXM can be used as collateral for borrowing, enabling users to access loans or earn yield through lending platforms. This flexibility enhances the potential utility of the wrapped token.

4. Trading Opportunities: The increased liquidity of wNXM opens up new trading opportunities for cryptocurrency enthusiasts, as it can be easily exchanged on DEXs alongside other digital assets.

Wrap Up

The introduction of Wrapped NXM has revolutionized the accessibility and liquidity of Nexus Mutual's native token, NXM. By wrapping NXM into wNXM, users gain the ability to trade, borrow, and earn yield with greater ease, thereby unlocking the full potential of crypto insurance. Whether you are an investor, trader, or someone interested in participating in the Nexus Mutual ecosystem, exploring Wrapped NXM can prove to be a rewarding experience.