W

Wrapped NXM

WNXM Ethereum Token version
Vol —
Price —
Change 24h —
Market Cap N/A
ATH —
ATL —

Monthly Returns heatmap

Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2024
-1.8%
+47.5%
+5.7%
-15.1%
+32.2%
-12%
—
—
—
—
—
—
2023
+108.6%
+32.5%
+16.8%
-0.7%
+8%
+6.7%
+2.5%
-3.6%
+5%
+8.2%
+25%
+15.2%
2022
-39.8%
-12.2%
+0.8%
-18.1%
-24.6%
-39.7%
+75.7%
-25.8%
-4.1%
+19%
-36.6%
-26.8%
2021
+70%
+6.9%
+42.7%
+48.7%
-19.4%
-18.7%
-2.6%
+31.4%
-25.9%
-10.4%
+44%
-18%
2020
—
—
—
—
—
—
—
+26.8%
-41.4%
-42.1%
+7.9%
+1.2%
Best month +108.6% Jan 2023
Worst month -42.1% Oct 2020
Positive months % 53.2% 25/47

Heatmap summary

Wrapped NXM posted 25 positive months out of 47. The longest positive streak lasted 6 months, while the longest negative streak lasted 3 months.

Strongest month
Jan 2023 +108.6%
Weakest month
Oct 2020 -42.1%
Longest positive streak
6 Nov 2020 — Apr 2021
Longest negative streak
3 May 2021 — Jul 2021
Luckiest calendar month
Jan • avg 34.3% • 4 mo.
Unluckiest calendar month
Sep • avg -16.6% • 4 mo.

Networks

  • Ethereum
    Primary network Token version
    Namespace
    EVM
    Network relation
    Token version
    Decimals
    18
    Contract
    0x0d438f3b5175bebc262bf23753c1e53d03432bde
    Standard
    ERC-20

About the coin

Wrapped NXM (WNXM) is a cryptocurrency token that operates on the Ethereum blockchain. It is an ERC-20 token, a widely adopted standard for fungible tokens on Ethereum.

The primary purpose of Wrapped NXM is to represent the value of Nexus Mutual (NXM) in a tokenized format on the Ethereum network. Nexus Mutual is a decentralized insurance protocol that allows users to obtain cover for smart contract failures and other risks within the decentralized finance (DeFi) ecosystem.

WNXM acts as a wrapped version of NXM, meaning that for every WNXM token minted, an equivalent amount of NXM is locked in a smart contract. This process ensures that the value of WNXM is pegged to the value of NXM. The wrapping mechanism allows NXM to be more easily integrated into the broader Ethereum DeFi landscape.

As an ERC-20 token, WNXM can be seamlessly traded, utilized in decentralized exchanges (DEXs), and integrated into various DeFi applications that support the ERC-20 standard. This interoperability is a key benefit of the wrapping process.

The existence of WNXM facilitates greater liquidity and accessibility for NXM. Users can hold, trade, and use WNXM in a manner similar to other ERC-20 tokens, potentially enhancing its utility within the Ethereum ecosystem.

The contract address for WNXM on the Ethereum chain is 0x0d438f3b5175bebc262bf23753c1e53d03432bde. This address serves as the unique identifier for the WNXM token on the Ethereum blockchain, allowing users and applications to interact with it.

WNXM is not a stablecoin, meaning its value is not pegged to a fiat currency or other stable asset. Its value fluctuates based on the market dynamics of NXM and the broader cryptocurrency market.

The token has a standard decimal representation of 18, which is common for ERC-20 tokens and influences how the token's value is displayed and transacted.

The status of WNXM is active, indicating that it is currently operational and available for use on the Ethereum network.

In essence, Wrapped NXM serves as a bridge, enabling the Nexus Mutual token (NXM) to participate more fluidly within the Ethereum decentralized finance ecosystem by conforming to the ERC-20 standard.

Key features of Wrapped NXM include:

  1. Representation of NXM value on the Ethereum blockchain.
  2. Compliance with the ERC-20 token standard.
  3. Facilitation of interoperability with Ethereum-based DeFi applications.
  4. Creation of a wrapped asset for enhanced liquidity and accessibility.
  5. A fixed contract address for direct interaction on the Ethereum network.

By wrapping NXM, the protocol aims to unlock new possibilities for its utilization and integration within the ever-expanding world of decentralized finance.

Trust & methodology

Last updated:

Data source: Price and volume snapshots are maintained from the current Gygaz market dataset for this asset.

About Gygaz: Gygaz is a crypto transfer intelligence project focused on exchanges, assets and networks. We structure routing, support and market context so users can compare how crypto moves between platforms.