Dymmax (DMX) is a unique protocol that aims to establish a decentralized platform for the emission and secondary circulation of options. It operates on a parimutuel model, which enables the issuance of options without a seller. Various types of options buyers form a joint bank, ensuring sufficient funds for expiration payments. The price of each option type is calculated off-chain for optimal auction efficiency, and all matched orders are tokenized as ERC-20 tokens, facilitating a secondary market. DMX, the native utility token, is used for various purposes such as increasing compensation from transaction processing, voting for new options, voting on Dymmax development paths, and participating in liquidity pools. Dymmax was conceived by Dmitry Filyaev, an experienced Dapp developer and derivatives trader, and validated by researcher Dmitry Meshkov.

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The current market cap of Dymmax is $0.00. A high market cap implies that the asset is highly valued by the market.

The all-time high of Dymmax is $0.0400. This all-time high is highest price paid for Dymmax since it was launched.

Over the last 24 hours, the trading volume of Dymmax is $15.96.

Assets that have a similar market cap to Dymmax include Lien, Compound Basic Attention Token, Dogz, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Dymmax is 0.