Nexus Mutual Price (NXM)
Nexus Mutual Price (NXM)
1 NXM to USD Live Price:
Nexus Mutual Price Today
The live Nexus Mutual (NXM) price today is $ 71.96, with a 2.84% change over the past 24 hours. The current NXM to USD conversion rate is $ 71.96 per NXM.
Nexus Mutual currently ranks #- by market capitalisation at $ 137,033,610, with a circulating supply of 1.90M NXM. During the last 24 hours, NXM traded between $ 69.02 (low) and $ 73.02 (high), reflecting market activity. Its all-time high stands at $ 185.97, while the all-time low was $ 6.96.
In short-term performance, NXM moved -0.81% in the last hour and -7.14% over the past 7 days. Over the past day, total trading volume reached --.
Nexus Mutual (NXM) Market Information
The current Market Cap of Nexus Mutual is $ 137.03M, with a 24-hour trading volume of --. The circulating supply of NXM is 1.90M, with a total supply of 1904368.817163778. Its Fully Diluted Valuation (FDV) is $ 137.03M.
Nexus Mutual Price History USD
-0.81%
+2.84%
-7.14%
-7.14%
Nexus Mutual (NXM) Price History USD
During today, the price change of Nexus Mutual to USD was $ +1.99.
In the past 30 days, the price change of Nexus Mutual to USD was $ +1.4827429960.
In the past 60 days, the price change of Nexus Mutual to USD was $ -15.9869358320.
In the past 90 days, the price change of Nexus Mutual to USD was $ -27.99277183680581.
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | $ +1.99 | +2.84% |
| 30 Days | $ +1.4827429960 | +2.06% |
| 60 Days | $ -15.9869358320 | -22.21% |
| 90 Days | $ -27.99277183680581 | -28.00% |
Price Prediction for Nexus Mutual
In 2040, the price of Nexus Mutual could potentially see a growth of 0.00%. It could reach a trading price of $ --.
For real-time scenario projections and a more personalised analysis, users can utilise MEXC's Price Prediction Tool and AI Market Insights.
Want to know what price Nexus Mutual will reach in 2025–2026? Visit our Price Prediction page for NXM price predictions for the years 2025–2026 by clicking Nexus Mutual Price Prediction.
What is Nexus Mutual (NXM)
Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain, currently covering all the main defi protocols. Nexus Mutual offers coverage against smart contract failures, which protects against potential bugs in smart contract code.
The coverage intends to provide protection against financial losses that may be incurred due to hacks or exploits in the smart contract code. Note that smart contract cover only protects against “unintended uses” of smart contracts, so security events such as the loss of private keys or centralized exchange hacks are not covered. In December 2020, it released custody cover covering centralised custodians and lenders such as Celsius, Blockfi, and Nexo.
MEXC is the leading cryptocurrency exchange trusted by over 10 million users worldwide. It is renowned as the exchange with the widest token selection, the fastest token listings, and the lowest trading fees in the market. Join MEXC now to experience top-tier liquidity and the most competitive fees in the market!
Nexus Mutual (NXM) Resource
About Nexus Mutual
What is Nexus Mutual?
Nexus Mutual is a decentralized insurance alternative that allows members to join and share risk. Members can purchase cover products that protect against different kinds of risk, such as smart contract risk for major DeFi protocols (Protocol Cover), ETH slashing risk, and more. Protocol Cover provides protection against a loss of funds due to hacks, exploit, oracle manipulation, liquidation failures, or governance attacks. The Nexus Mutual protocol is built on Ethereum and provides the infrastructure for members to buy cover, underwrite risk, assess claims, and build risk management businesses.
What is the NXM token?
The NXM token is the governance and utility token backed by crypto assets held in the Nexus Mutual capital pool contract. It is used to buy cover, vote on governance decisions, and participate in Risk and Claims Assessments. It is also used to encourage capital provision and represents ownership to the mutual’s capital pool. As the mutual’s capital pool increases, the value of NXM will increase as well. The token’s price is determined using a Ratcheting AMM (RAMM), which is affected by both the amount of capital the mutual has and the amount of capital it needs to meet all claims with a certain probability. The NXM token is not traded on any exchange and is only used as an internal token for Nexus Mutual. To obtain the NXM token, one must register as a member of Nexus Mutual and go through the platform’s KYC and AML processes. There is a "wrapped" version of the NXM token called Wrapped NXM (wNXM) that is freely transferable and can be bought on the open market through cryptocurrency exchanges. How to check the financial health status of the Nexus Mutual protocol? Relevant on-chain financial metrics can be found in the Nexus Mutual Dune dashboards. How are covers priced? The price of cover is based on several criteria such as: Cover Amount
Cover Period
The price of cover set by the staking pool manager(s) How is risk assessment done on Nexus Mutual? NXM holders can participate in risk assessment as NXM stakers, who stake and delegate their NXM to an existing staking pool, or as Staking Pool Managers, who launch their own staking pool and use the NXM in their pool (their own NXM and NXM delegated by other members) to stake against cover products, determine the available capacity, and set the price of the cover offered by their pool. How to make a claim on Nexus Mutual? When a loss event occurs, Nexus Mutual users who held active cover can submit a claim. They can do so by submitting a claim directly in the Nexus Mutual user interface.
How much is Nexus Mutual worth right now?
Nexus Mutual is currently trading at £53.726665568940000, with a price movement of 2.84% over the last 24 hours. This live price offers a snapshot of real-time market activity and investor sentiment.
Is NXM going up or down today?
NXM has shown a price movement over the last 24 hours, reflecting how the market is reacting to recent news, trading volume, and developments within the Decentralized Finance (DeFi),Insurance,Ethereum Ecosystem ecosystem.
How popular is Nexus Mutual today?
The token has recorded £-- in 24-hour trading volume, indicating how many traders are actively buying or selling NXM.
What makes Nexus Mutual different from other crypto assets?
As part of the Decentralized Finance (DeFi),Insurance,Ethereum Ecosystem category and built on the -- network, NXM offers a specific utility and role within its ecosystem, which may include payments, staking, governance, or application-specific use cases.
How much NXM exists in the market?
There are 1904368.817163778 tokens in circulation today, which helps determine the token's scarcity and overall market value.
What is Nexus Mutual's all-time high and low price?
The token's highest recorded price (ATH) is £138.848638074705000, while its lowest point (ATL) is £5.196464596440000, offering important context for long-term investors evaluating price cycles.
People Also Ask: Other Questions About Nexus Mutual
Nexus Mutual (NXM) Important Industry Updates
| Time (UTC+8) | Type | Information |
|---|---|---|
| 12-18 23:15:00 | Industry Updates | Bank of England Cuts Interest Rates by 25 Basis Points as Expected |
| 12-18 18:28:00 | Industry Updates | Bitcoin down 23.76% since Q4, potentially marking second-worst fourth quarter performance in history |
| 12-18 15:42:00 | Industry Updates | Crypto Market Sees Widespread Decline, New and Star Project Tokens Hit Hard |
| 12-18 15:35:00 | Industry Updates | Chinese Meme Coins on BSC Chain All Rise Against the Trend, "Habibi" Up About 20% in 24 Hours |
| 12-18 00:22:58 | Industry Updates | Trump's Crypto Support Triggers Chain Reaction, Aggressive Crypto Companies Flood Stock Market as Risk Appetite Rises |
| 12-17 00:11:27 | Industry Updates | Singapore Trade Finance Platform Olea Global Completes $30 Million Series A Funding Round, Led by BBVA |
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Disclaimer
Cryptocurrency prices are subject to high market risks and price volatility. You should invest in projects and products that you are familiar with and where you understand the risks involved. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. MEXC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is'' basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under MEXC’s control. MEXC is not responsible for the reliability and accuracy of such third-party sites and their contents.