Nexus Mutual NXM
1. Summary
- Price
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$71.73 -2.8%
- Market Cap
- $247.37M (#276)
- Supply
- 3.49M / 3.49M
- Description
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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.
| Price | |
| 52W High price | $83.96 |
| 52W High date | 2nd Jun 2024 (5 months ago) |
| All Time High (ATH) Date | 10th Nov 2021 (3 years ago) |
| ATH Price | $185.97 |
| % From ATH | -60.59% |
| All Time Low (ATL) Date | 22nd Jul 2020 (4 years ago) |
| ATL Price | $6.96 |
| % From ATL | 952.73% |
| Supply & Trading Volume | |
| Total Supply | 3.49M |
| Max Supply | 3.49M |
| Circulating Supply | 3.49M |
NXM
How does Nexus Mutual's (NXM) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
31.2%
NXM
0.2%
Similar Market Cap
60 Day Return
32.6%
NXM
5.9%
Similar Market Cap
1 Year Return
26.1%
NXM
58.7%
Similar Market Cap
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 111
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.
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 | 1,479 |
| Twitter followers | 41,548 |
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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forum.nexusmutual.io/t/investment-committee-newsletter-october-2024/1557 Official
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coindesk.com/business/2024/10/29/defi-cover-provider-nexus-mutual-backs-new-crypto-insuran...
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coindesk.com/business/2024/10/29/defi-cover-provider-nexus-mutual-backs-new-crypto-insuran...
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coindesk.com/business/2024/10/29/defi-cover-provider-nexus-mutual-backs-new-crypto-insuran...
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coindesk.com/business/2024/10/29/defi-cover-provider-nexus-mutual-backs-new-crypto-insuran...
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coindesk.com/business/2024/10/29/defi-cover-provider-nexus-mutual-backs-new-crypto-insuran...
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coindesk.com/business/2024/10/29/defi-cover-provider-nexus-mutual-backs-new-crypto-insuran...
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nexusmutual.io//blog/introducing-the-base-defi-pass-from-opencover-powered-by-nexus-mutual Official
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nexusmutual.io//blog/introducing-the-base-defi-pass-from-opencover-powered-by-nexus-mutual Official
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nexusmutual.io//blog/introducing-the-base-defi-pass-from-opencover-powered-by-nexus-mutual Official
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nexusmutual.io//blog/introducing-the-base-defi-pass-from-opencover-powered-by-nexus-mutual Official
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nexusmutual.io//blog/introducing-the-base-defi-pass-from-opencover-powered-by-nexus-mutual Official
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nexusmutual.io//blog/introducing-the-base-defi-pass-from-opencover-powered-by-nexus-mutual Official
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nexusmutual.io//blog/introducing-the-base-defi-pass-from-opencover-powered-by-nexus-mutual Official
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nexusmutual.io//blog/introducing-the-base-defi-pass-from-opencover-powered-by-nexus-mutual Official
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... |
| @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
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