Wrapped NXM (WNXM) is not tradable on Coinbase.
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Wrapped NXM Price (WNXM)
Market stats
Wrapped NXM is on the rise this week. ↗
The price of Wrapped NXM has increased by 1.29% in the last hour and increased by 0.26% in the past 24 hours. Wrapped NXM’s price has also risen by 11.03% in the past week. The current price is $40.63 per WNXM with a 24-hour trading volume of $1.14M. Currently, Wrapped NXM is valued at 69.71% below its all time high of $134.14. This all-time high was the highest price paid for Wrapped NXM since its launch.
The current circulating supply of Wrapped NXM is 682,335.253 WNXM which means that Wrapped NXM has as total market cap of $27,684,456.99.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$27,684,456.99
Circulating
$682,335.25
Max Supply
$682,335.25
Price & Volume changes
Volume (24h)
$1,141,346.27
↗ 23%
Volume (30D)
$31,489,780.24
Volume (7D)
$7,595,843.20
Benchmarks
All time high
$134.14
↘ 68.9%
Performance (1Y)
↘ 40.41%
Vs. Market (1Y)
↘ 54.14%
Vs. BTC (1Y)
↘ 60.15%
Vs. ETH (1Y)
↗ 5.31%
Diluted valuation
$27,731,070.00
FDV
$27,684,456.99
About Wrapped NXM
NXM token itself is created solely for internal use within the Nexus Mutual protocol and all of its holders must go through KYC. As such, a wrapped version is created to allow more users to own the token without having to do KYC. In the meantime it also improves its liquidity outside the protocol’s bonding curve by being listed on exchanges such as Uniswap and Binance. To make use of the wNXM token, it first needs to be unwrapped into NXM by a registered member of Nexus Mutual. After it is unwrapped, wNXM becomes NXM and can be used as a normal token on the Nexus Mutual platform.
Additional info about Wrapped NXM
Networks and tags
insurance
wrapped-tokens
rehypothecated-crypto
FAQ
WrappedNXM (wNXM) is a 1-to-1 backed token generated by wrapping genuine NXM. In brief, wrapped tokens are the cryptocurrencies that are pegged or attached to the value of another crypto or assets. Thus, it bypasses the limitation of transferring native coins, i.e., tokens that reside on native blockchains. Here, NXM is an ERC20-compatible token of the Nexus Mutual protocol, a decentralized alternative to insurance. Nexus Mutual is a digital cooperative that complies with the relevant laws and regulations of the country from where it accepts members. The project aims to provide the community members with simple, transparent, accessible, and affordable financial protection against their risks. Although fully tradable, wNXM cannot be used within the Nexus Mutual platform. Since NXM is traded only among members, only Nexus Mutual members can wrap/unwrap NXM.
According to the website, the key features of the NXM project seek to be the following:
In addition, the NXM token aims to bind together the internal economics of the mutual by seeking to reward the active members for participating in the day-to-day operations of the mutual. Besides this, token-driven economic incentives aim to enforce claims payments. Token also works as a capital provider to the mutual. As the mutual’s capital pool increases, the value of NXM seeks to also increase.
Nexus Mutual was founded by Hugh Karp. He is an insurance professional with experience in a broad range of insurance and reinsurance roles. Also, he has been a blockchain enthusiast since 2011.
We update our Wrapped NXM to USD currency in real-time. Get the live price of Wrapped NXM on Coinbase.
The current market cap of Wrapped NXM is $27.68M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Wrapped NXM is $134.14. This all-time high is highest price paid for Wrapped NXM since it was launched.
Over the last 24 hours, the trading volume of Wrapped NXM is $1.14M.
Assets that have a similar market cap to Wrapped NXM include Wrapped Rootstock Smart Bitcoin, Wrapped Centrifuge, Savings crvUSD, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Wrapped NXM is 682 thousand.
Wrapped NXM Price History
Date | Price | Change |
|---|---|---|
Today (April 28, 2025) | $40.63 | +0.26% |
24 hours ago (April 27, 2025) | $40.50 | +0.26% |
1 week ago (April 21, 2025) | $36.17 | +11.03% |
1 month ago (March 28, 2025) | $42.14 | -3.63% |
1 year ago | $68.14 | -40.41% |
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