What is the current price of SmarDex?
The current price of SmarDex is $0.000429 with a 1.18% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
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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.
SmarDex is a decentralized exchange (DEX) whose automated market maker is designed to reduce impermanent loss, the value liquidity providers give up when token prices move. SDEX is its fixed-supply reward and fee token: swap fees are used to buy it back, then distribute or burn it. The project has since grown beyond swaps with USDN, a synthetic dollar backed by a delta-neutral strategy on Ethereum, and a peer-to-peer lending market, both tied back to SDEX through fees and burns.
The SmarDex documentation describes it as an open-source AMM running on Ethereum, BNB Chain, Polygon, Arbitrum and Base. Its liquidity pools are called Volatility Vaults. Instead of a plain constant-product formula, they use an algorithm with "fictive reserves" that lets the pool hold back part of a rising asset and sell it later at a better rate, which the project says reduces impermanent loss and can turn it into an "impermanent gain."
The approach is laid out in the SmarDex whitepaper and in an academic-style paper the team published on Academia.edu.
The documentation reviewed for this page does not name SmarDex's founders or core team. It does say that no SDEX was reserved for founders or private investors, and that founders bought their tokens on the public market.
Key dates from the docs:
The problem. In a standard AMM (the x times y equals k model used by Uniswap v2), when the market moves, arbitrageurs rebalance the pool and liquidity providers end up with less value than if they had simply held their tokens. That gap is impermanent loss.
Fictive reserves. SmarDex derives a second set of "fictive" reserves from the real ones (in the docs' example, half of each side). Swaps are priced against the fictive reserves, so a trade moves the quoted rate more sharply than it would in a normal pool, while the real reserves change less. The protocol then adjusts the fictive reserves after buys and sells to nudge the pool back toward a 50/50 balance. The docs say this lets the vault keep part of an appreciating asset and sell it later, and buy back a falling asset more cheaply.
Hybrid aggregator. Swaps on the SmarDex app can route across liquidity sources on multiple chains, which the docs call a Hybrid Aggregator.
USDN protocol. USDN is a synthetic U.S. dollar on Ethereum. Depositors on the vault side hold USDN, while traders open leveraged long positions against the vault, using wstETH as collateral. Together the two sides form a delta-neutral structure, and funding rates paid between them generate yield for USDN holders. The system relies on oracles and has its own liquidation and rebalancing rules.
P2P Lending. A peer-to-peer market for fixed-term, fully collateralized loans, where borrowers set the terms and loans are represented as ERC-721 NFTs. The docs say loans have no liquidation before maturity.
0x5de8ab7e27f6e7a1fff3e5b337584aa43961beef (Etherscan).Fixed supply. The tokenomics page states a supply of 10,000,000,000 SDEX and says no more can be minted. The initial distribution was:
Uses.
Most DEXs accept impermanent loss as a cost and pay liquidity providers fees to offset it. SmarDex changes the pricing curve itself to fight it. Its token distribution is also unusual: no founder or investor allocation, a fixed supply and a documented yearly emission schedule, with burns linked to both swap and USDN activity.
SmarDex is a protocol, not a chain, so it is best compared with other exchanges and stable-value products:
Swaps and pools run on non-custodial smart contracts on each supported chain. The docs publish an audits page for the USDN protocol, including a Guardian audit and the team's responses to acknowledged findings, and a separate audit page for P2P Lending. USDN depends on oracle price updates (the team's audit responses reference a Chainlink heartbeat) and has imbalance protections, a rebalancer and liquidation rules described in its documentation.
Impermanent loss is one of the main reasons liquidity providers leave AMMs. SmarDex is a concrete attempt to address it at the formula level, with a published paper behind it. Its move into delta-neutral synthetic dollars and fixed-term lending also makes it a useful case of a DEX token being tied to several revenue sources through burns rather than through governance alone.
SDEX can be swapped on SmarDex itself and on other decentralized exchanges on Ethereum, BNB Chain, Polygon, Arbitrum and Base. It also trades on centralized exchanges; confirm the listing and supported network on the exchange before depositing.
Listings change over time, so check the exchange's asset page directly. When withdrawing, match the network to the SDEX contract you intend to hold.
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Read the complete paper trading guideThe current price of SmarDex is $0.000429 with a 1.18% change in the last 24 hours.
The daily trading volume is $12,193.91 representing a 73.39% change in the past 24 hours.
The market capitalization of SmarDex is $4,201,612, ranking #787 globally.
The fully diluted valuation (FDV) of SmarDex is $4,290,000, calculated assuming the maximum supply of 10,000,000,000 SDEX is in circulation.
Circulating: 9,793,968,107. Total: 9,866,238,252. Max: 10,000,000,000.
In the last 24 hours, SmarDex traded between a low of $0.00042 and a high of $0.000431.
SDEX/USDTTether USDT0.000429 USDT
The plan to perform the transition of $SDEX to $EV utility token is a landmark development since the official rebranding from SMARDEX to Everything.
SMARDEX becomes Everything, a single-contract DeFi protocol uniting AMM swaps, permissionless lending and perpetual trading.
