What is the current price of IDEX?
The current price of IDEX is $0.0002772 with a 4.81% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
Hyperliquid perpetuals only. One snapshot every 5 minutes, up to 20 returned price levels per side. Liquidity beyond those levels is unknown. This is not a liquidation heatmap or a fill estimate.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
IDEX is one of the earliest decentralized exchanges on Ethereum, and IDEX is also the name of its token. Launched in 2017, it was among the first DEXs to pair a high-speed, centralized-style order matching engine with on-chain settlement, so users kept custody of their funds while getting exchange-like execution. It matters because that hybrid design, later copied widely, shaped how on-chain order book and perpetual futures venues are built today.
The project has changed shape several times. In 2025 the team rebranded its product to Kuma, a perpetual futures DEX, and today idex.io redirects to Kuma. On 23 March 2026, Katana, a DeFi-focused network incubated by Polygon Labs and GSR, announced it had acquired IDEX to power its new Katana Perps platform. The IDEX token still exists on Ethereum, but no official plan for it under Katana had been published in the sources we reviewed.
IDEX launched in 2017 and, according to reporting on the Katana deal, held the top position among Ethereum-based DEXs by trading volume and transaction count through 2019. The token was later bridged to Polygon, and the exchange moved to a hybrid model that combined an order book with an automated market maker (AMM). In 2025 the team announced the Kuma rebrand and launched perpetuals on Berachain around a "Proof-of-Liquidity" model. In March 2026 Katana acquired the team and technology, with deal terms undisclosed, and named Matthew Fisher as Katana's CEO.
The official pages we could open do not list individual founders, so we do not name them here.
IDEX's core idea is hybrid liquidity:
Kuma applied the same model to perpetual futures, advertising gas-free transactions and non-custodial, transparent settlement. Katana Perps now runs on this technology as Katana's native derivatives venue.
0xb705268213d593b8fd88d3fdeff93aff5cbdcfae) with a version on Polygon (0x9cb74c8032b007466865f060ad2c46145d45553d).IDEX was the exchange's native token, but its original documentation is no longer reachable: the old docs and blog domains now redirect to Kuma, so earlier utility details (such as staking programs) cannot be confirmed from an official source today. After the Kuma rebrand and the Katana acquisition, the token's role is uncertain: reporting on the acquisition did not describe any plan for the token or a migration path. Anyone holding IDEX should rely on official announcements rather than assume utility carries over.
An on-chain read of the Ethereum contract returns a total supply of 1,000,000,000 IDEX (our own inference, consistent with third-party research describing a 1B supply).
IDEX was a pioneer of the "CEX speed, DEX custody" design years before it became standard. Few DeFi projects have a history running back to 2017 and through several architecture changes.
IDEX is an application, not a chain. Compared with dYdX and Hyperliquid, which run their own chains for perpetuals, IDEX's technology now serves as the perps engine inside another network (Katana). Compared with GMX, which uses pooled liquidity, IDEX relies on an order book plus AMM hybrid.
User funds are held in smart contracts, not exchange accounts, and settlement happens on-chain, so the security of the underlying chain and contracts matters most. The off-chain matching engine is a trust assumption for order execution, though not for custody.
IDEX is part of DeFi history and its technology still powers a live perpetuals venue. For token holders, though, the gap between the technology's continued use and the token's unclear role is the key issue to follow.
IDEX has traded on centralized exchanges and on Ethereum-based decentralized exchanges. Given the reported Binance delisting, check that your venue still lists it and confirm the contract address before trading.
IDEX is an ERC-20 token, so any Ethereum wallet (or a Polygon-compatible wallet for the Polygon version) can hold it. Verify on Etherscan or Polygonscan.
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Read the complete paper trading guideThe current price of IDEX is $0.0002772 with a 4.81% change in the last 24 hours.
The daily trading volume is $20,863.39 representing a 75.14% change in the past 24 hours.
The market capitalization of IDEX is $275,902, ranking #928 globally.
The fully diluted valuation (FDV) of IDEX is $277,244, calculated assuming the maximum supply of 1,000,000,000 IDEX is in circulation.
Circulating: 995,161,127. Total: 1,000,000,000. Max: 1,000,000,000.
In the last 24 hours, IDEX traded between a low of $0.0002606 and a high of $0.0003012.
IDEX/USDTTether USDT0.0002772 USDT
coinbase disabled trading for IDEX, LRC, OMNI, PIRATE and FIS across its main platforms, while holders can still withdraw their tokens.
Polygon‑incubated Katana has acquired veteran DEX IDEX to launch Katana Perps, folding a decade of exchange tech into its DeFi stack as it races Hyperliquid and dYdX for onchain derivatives volume. Katana, a DeFi‑focused Ethereum scaling chain incubated by Polygon Labs and…
Katana acquires IDEX to launch Katana Perps as targeting the growing demand for on-chain derivatives and integrating spot and futures trading in one platform.
