About Polkadex
Market Stats
Market Cap
$949,102.22
FDV
$2,270,579.48
Circulating Supply
8,360,000 PDEX
Max Supply
20,000,000 PDEX
Total Supply
8,360,000 PDEX
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$141,241.55
-0.03%
All time high
$230.55
Additional info about Polkadex
Networks and details
The price of Polkadex has increased by 0.01% in the last hour and decreased by 7.44% in the past 24 hours. Polkadex’s price has also risen by 2.19% in the past week. The current price is $0.11 per PDEX with a 24-hour trading volume of $141.24K. Currently, Polkadex is valued at 99.95% below its all time high of $230.55. This all-time high was the highest price paid for Polkadex since its launch.
The current circulating supply of Polkadex is 8,360,000 PDEX which means that Polkadex has as total market cap of $949,102.22.
Price history
Today | $0.11 | ↘ 7.44% |
1 Day | $0.12 | ↘ 7.44% |
1 Week | $0.11 | ↗ 2.19% |
1 Month | $0.18 | ↘ 36.16% |
1 Year | $1.13 | ↘ 89.98% |
Market details
Performance against other markets | ↘ 90.43% |
Performance against BTC | ↘ 92.24% |
Performance against ETH | ↘ 81.6% |
Performance in the past year | ↘ 89.98% |
FAQ
Polkadex is a decentralized peer-to-peer (P2P) cryptocurrency exchange for the DeFi ecosystem. The DEX was created on Substrate and is based on an order book (list of trade orders). Substrate refers to a blockchain technology, particularly, a framework for creating customized blockchains. Thus, the Polkadex orderbook is a hybrid crypto-exchange supported by Web3 (internet version). The entire trading platform operates on the Substrate framework and combines the Automated Market Maker (AMM) model common in several DEXs, with an orderbook model utilized by centralized exchanges. Automated market makers (AMM) are part of decentralized exchanges introduced for removing any intermediaries while trading cryptocurrencies.
The mission of Polkadex is to merge the characteristics of cryptocurrency exchanges and user experience with the benefits of decentralized safety and security. Polkadex was created for attaining this mission with innovative ideas focusing on key areas such as liquidity, custody of assets, the execution speed of trades, and customer areas.
Further, Polkadex aims towards developing a decentralized network utilizing the Substrate framework, focusing on resolving the interface issue by introducing a centralized trading experience. The Substrate framework supports the development of composable, interoperable, and application-specific blockchains without any complexities related to block consensus (transaction verification) and production.
Moreover, to resolve the issue of low liquidity, Polkadex links AMMs to the trading engine directly. The auto market makers operate as on-chain market-making bots. Bots are implemented by traders to facilitate trade automatically in the cryptocurrency markets. If any trade is unable to match against the Polkadex orderbook, the engine instructs on-chain trading bots to try matching the order. The trades are executed successfully only when on-chain bots provide a better price.
We update our Polkadex to USD currency in real-time. Get the live price of Polkadex on Coinbase.
The current market cap of Polkadex is $949.10K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Polkadex is $230.55. This all-time high is highest price paid for Polkadex since it was launched.
Over the last 24 hours, the trading volume of Polkadex is $141.24K.
Assets that have a similar market cap to Polkadex include VoluMint, My Crypto Heroes, TOWER, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Polkadex is 8.4 million.
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Social stats
Popularity in posts
#2621
Contributors
46
Posts
606,344
% About Polkadex
0.011%
Hold times
0 days
X (Twitter)
25% bullish
Sentiment
3 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
46 unique individuals are talking about Polkadex and it is ranked #2,621 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Polkadex has an average sentiment score of 3 out of 5. Finally, Polkadex is becoming more newsworthy, with 0 news articles published about Polkadex. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Polkadex. There were 25% of tweets with bullish sentiment compared to 9.38% of tweets with a bearish sentiment about Polkadex. 65.63% of tweets were neutral about Polkadex. These sentiments are based on 63 tweets.
On Reddit, Polkadex was mentioned in 0 Reddit posts and there were 0 comments about Polkadex. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.