Live · updated 6 minutes ago
apxUSD Price chart
Key stats
Performance
How the price moved over each period.
Supply
304.33M APXUSD circulate. No maximum supply is set.
- Circulating
- 304.33M
- Total supply
- 304.33M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.42% of market cap. Thin trading; small orders can move the price.
$301.90M market cap, rank #144. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
2.0% below its all-time high of $1.01.
Largest recent swing: 0.17% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is apxUSD (APXUSD)?
apxUSD is a synthetic dollar issued within the Apyx protocol. It is designed to hold a value of one US dollar while being backed by a basket of variable-rate preferred shares issued by digital asset treasury companies, the listed firms that hold crypto on their balance sheets. Apyx launched on Ethereum in early 2026 and positions apxUSD as a dollar asset that can be used as collateral and as a quote asset across DeFi and CeFi.
It is not a bank deposit and it is not backed one-for-one by cash. Its stability depends on the market value and liquidity of the preferred shares behind it.
How apxUSD works
Apyx describes apxUSD as overcollateralized. The reserve is allocated across several preferred share issues, and the protocol rebalances it with reference to issuer concentration, liquidity and coverage requirements. Strategy's variable-rate perpetual preferred stock, known as STRC, has been the largest collateral component.
- Minting: only whitelisted, eligible participants in permitted jurisdictions, such as institutional market makers and partners, can mint and redeem directly. New issuance is priced at $1.
- Redemption: redemptions are settled in USDC at a stated Redemption Value. The protocol sells preferred shares to fund them, and holders do not receive the shares. Requests are matched with approved counterparties through a request-for-quote system, and liquidity can be thinner outside stock market hours and on weekends.
- Everyone else: general users acquire apxUSD through permissionless liquidity pools and swaps rather than through the protocol.
- apyUSD: a companion yield-bearing token that users receive by staking apxUSD. Apyx does not offer apyUSD to residents of the US, EU or EEA, or to persons in sanctioned jurisdictions.
APXUSD supply and token design
apxUSD has no fixed cap. Supply expands and contracts as eligible participants mint and redeem. Live circulating supply is shown in the market data on this page.
The token exists on Ethereum, Base, BNB Chain and Solana. The Ethereum contract is 0x98A878b1Cd98131B271883B390f68D2c90674665; check any address against the official site before buying, since stablecoin lookalikes are common.
Official information is on apyx.fi.
What to check before using APXUSD
- Collateral risk: the backing is preferred equity, not cash. When those shares fall below par, the cushion behind the peg shrinks. apxUSD traded below $1 in June 2026 when Strategy's STRC dropped below par.
- Market-hours mismatch: crypto trades around the clock, while the underlying shares trade only on stock exchanges, so redemptions and price discovery can lag.
- Restricted redemption: most holders cannot redeem with the protocol and depend on secondary market liquidity to exit.
- Concentration: the reserve leans on a small group of related issuers whose fortunes track the price of Bitcoin.
- Eligibility: yield products in the Apyx suite are not available in several regions. Confirm what applies to you.
apxUSD project profile
- Open source
- No
Token contracts
- Ethereum:
0x98a878…674665 - Base:
0xd99393…127228 - BNB Chain:
0x6b3788…aad4af - Solana:
HAYQtfJE…B72DYe
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
apxUSD market analysis
With a market capitalisation of $301.90 million, apxUSD (APXUSD) is classed as a small-cap asset and ranks #144 of 1,341 cryptocurrencies with a reported market cap on CryptoWave, larger than about 89.3% of them. It accounts for roughly 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $1.28 million of APXUSD changed hands, equal to 0.42% of its market cap, which puts its trading volume ahead of about 59.3% of tracked assets. That is a quiet level of turnover, so large orders may meet limited depth. Its turnover ratio is higher than that of about 16% of tracked assets.
Price action: APXUSD moved −0.17% in 24 hours and +0.27% over 7 days. It outperformed Bitcoin by 2.01 percentage points over 24 hours and by 4.13 points over 7 days. Against the median tracked coin (ahead by 2.07 points on the day and ahead by 6.48 points on the week), it has been a relative strength in recent sessions.
To overtake Pendle (PENDLE) just above it, apxUSD would need to grow its market cap by about 0.8%; it is 0.2% larger than Sun Token (SUN) just below. Its market cap is 0.02% of Bitcoin's.
Based on market data; not investment advice.
apxUSD FAQ
What is apxUSD?
apxUSD is a synthetic US dollar token from the Apyx protocol, backed by preferred shares issued by digital asset treasury companies and intended to trade at $1.
Who can mint and redeem apxUSD?
Only whitelisted, eligible participants in permitted jurisdictions can mint and redeem directly with the protocol. Other users buy and sell it through external liquidity pools.
What backs apxUSD?
It is backed by a basket of variable-rate preferred shares from digital asset treasury companies, with Strategy's STRC as a large component. The protocol aims to keep the reserve above the amount of apxUSD issued.
Can apxUSD lose its peg?
Yes. It has traded below $1 when the value of its preferred share collateral fell. Check the risks above before holding it.
Price history
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Historical price data is not available yet for this asset. | ||||