Nexus Mutual Logo

Nexus Mutual NXM

Nexus Mutual header image

1. Summary

Ranks

Liquidity
64
Developer
-
Social
80
Momentum (beta)
0
Stack Rankā„¢
-
Price
$55.42 +1.6%
Market Cap
$194.37M (#259)
Supply
3.81M / 3.81M
Price
52W High price $83.96
52W High date 2nd Jun 2024 (5 months ago)
All Time High (ATH) Date 10th Nov 2021 (2 years ago)
ATH Price $185.97
% From ATH -58.87%
All Time Low (ATL) Date 22nd Jul 2020 (4 years ago)
ATL Price $6.96
% From ATL 998.62%
Supply & Trading Volume
Total Supply 3.81M
Max Supply 3.81M
Circulating Supply 3.81M
Description

Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain. It provides coverage against smart contract failures, protecting against potential bugs in smart contract code and financial losses due to hacks or exploits. The protocol offers a range of cover products, including protection against failures in individual protocol...

Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain. It provides coverage against smart contract failures, protecting against potential bugs in smart contract code and financial losses due to hacks or exploits. The protocol offers a range of cover products, including protection against failures in individual protocols, penalties and missed rewards for ETH validators, depegging events for interest-bearing tokens, and losses on centralized exchanges.

The Nexus Mutual DAO is a decentralized autonomous organization (DAO) wholly owned by its members, who contribute to the protocol and participate in governance through the NXM token. Members can purchase cover products using NXM and participate in risk assessment and claims management. The protocol operates a risk sharing pool, where funds are used to pay out claims.

Nexus Mutual is structured as a limited by guarantee business in the United Kingdom and is governed by its members through its DAO, which includes an advisory board of company founders and industry experts. The protocol also employs an Ethereum-based system for assessing and accepting coverage proposals, and uses the NXM token to manage risk and provide rewards to members.

Key Features:

  • Risk Management: Nexus Mutual provides a decentralized insurance alternative for various crypto risks, ensuring peace of mind for users.
  • Decentralized Governance: The Nexus Mutual DAO allows members to participate in governance and decision-making processes.
  • Risk Sharing Pool: Members contribute to a risk sharing pool, which is used to pay out claims when necessary.
  • Multi-Faceted Token: The NXM token serves purposes beyond insurance, including governance, risk assessment, and rewards management.

Security and Audits:

  • Industry-Leading Auditors: The Nexus Mutual protocol code has been reviewed by industry-leading auditors to ensure the highest security standards.
  • Bug Bounty Program: The protocol maintains a bug bounty program through Immunefi to incentivize responsible vulnerability disclosures.
2. Price

NXM

2.1. Market Performance

How does Nexus Mutual's (NXM) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

12.6%

NXM

1.0%

Similar Market Cap

60 Day Return

23.9%

NXM

6.4%

Similar Market Cap

1 Year Return

56.3%

NXM

71.7%

Similar Market Cap

3. Developer Activity

We're monitoring 19 Nexus Mutual GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Nexus Mutual Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 110

Most Active Repos

Past week 0
Past 12 weeks 165
Past year 809
Past week 1
Past 12 weeks 20
Past year 99
Past week 0
Past 12 weeks 0
Past year 64
Past week 0
Past 12 weeks 0
Past year 45
Past week 0
Past 12 weeks 0
Past year 25
Past week 1
Past 12 weeks 4
Past year 15

Top Developers 2024

In total, 54 developers have contributed to Nexus Mutual over the past year. Who are the most active Nexus Mutual developers, by commits, over the past year?

Related Projects

Developers working on Nexus Mutual also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Discord users
Active Discord Users
Telegram Users 1,494
Twitter followers 42,052
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://nexusmutual.io/
Explorer https://etherscan.io/token/0xd7c49cee7e9188cca6ad8...
Twitter @NexusMutual

What is the correct contract address for Nexus Mutual?

Ethereum 0xd7c49cee7e9188cca6ad8ff264c1da2e69d4cf3b

Has Nexus Mutual been audited for security?

No security audits found for this project.

Are you the owner of Nexus Mutual? Edit it here

Subscribe for free

Investment alerts and insights directly in your inbox.

By continuing, you agree to the Stack Terms of Service and Privacy Policy.