Delayed · last updated 37 minutes ago
Axis USD Price chart
Key stats
Performance
How the price moved over each period.
Supply
67.20M USDX circulate. No maximum supply is set.
- Circulating
- 67.20M
- Total supply
- 67.20M
- 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 1.23% of market cap. Thin trading; small orders can move the price.
$67.12M market cap, rank #367. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
0.3% below its all-time high of $1.00.
Largest recent swing: 0.06% 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 Axis USD (USDX)?
Axis USD, written USDx, is the synthetic dollar of Axis, a company that builds liquidity, settlement and credit infrastructure for digital-asset markets. It is an upgradeable ERC-20 token on Ethereum. Axis states plainly that USDx is not a stablecoin in the conventional sense: it targets one dollar, but it is an actively managed, trading-backed instrument that can trade above or below that level. Several unrelated assets share the USDX ticker, so match the contract before you act.
How USDx works
New USDx is created only through the Axis primary market. An eligible participant signs a mint order naming the collateral, amounts, expiry and a one-time nonce, an authorised operator submits it, and the contract routes the collateral to registered custody before minting. Redemption works in reverse: a signed order burns USDx and returns the specified collateral, subject to order validity, operator availability, capacity limits and enough collateral at the market. Most people instead buy or sell USDx on secondary markets.
Yield does not go to plain USDx. Holders can stake it into sUSDx, an ERC-4626 vault position whose value per share rises as rewards vest. Leaving sUSDx requires an asynchronous request, followed by a claim of USDx.
USDX supply and token design
There is no fixed cap, because supply follows minting and redemption. Backing starts with digital and tokenized assets and adds traditional assets together with the futures and hedge positions that keep the book market-neutral. Axis describes four strategy families: cross-venue arbitrage, cross-currency arbitrage, funding-rate arbitrage and OTC or request-for-quote trading, and the mix can change with conditions. Live circulating supply is shown in the market data on this page.
The token includes roles for minting, cross-chain bridging, emergency pausing and blocking addresses. The Ethereum contract is 0xa1fa7777974312f7d801a8880714a218f76233f8.
Official information is on axis.to.
What to check before using USDX
- Peg risk: Axis does not guarantee a one-dollar price, instant redemption or secondary-market liquidity.
- Custody and counterparty risk: much of the trading and custody sits offchain, which contracts cannot verify in real time.
- Strategy risk: returns depend on arbitrage and funding conditions that can weaken or reverse.
- Administrative control: pause and address-blocking roles introduce compliance and censorship risk.
- Minting eligibility is enforced around the market. Confirm whether you qualify before planning to mint or redeem.
Axis USD project profile
Token contracts
- Ethereum:
0xa1fa77…6233f8
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Axis USD market analysis
With a market capitalisation of $67.12 million, Axis USD (USDX) is classed as a micro-cap asset and ranks #367 of 1,341 cryptocurrencies with a reported market cap on CryptoWave, larger than about 72.6% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $825.7 thousand of USDX changed hands, equal to 1.23% of its market cap, which puts its trading volume ahead of about 52.3% 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 26% of tracked assets.
Price action: USDX moved +0.01% in 24 hours and +0.03% over 7 days. It outperformed Bitcoin by 2.19 percentage points over 24 hours and by 3.89 points over 7 days. Against the median tracked coin (ahead by 2.25 points on the day and ahead by 6.24 points on the week), it has been a relative strength in recent sessions.
To overtake Crown BRLV (BRLV) just above it, Axis USD would need to grow its market cap by about 0.6%; it is 2.3% larger than Midas mF-ONE (MF-ONE) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
Axis USD FAQ
What is Axis USD (USDX)?
USDx is the synthetic dollar of Axis, an ERC-20 token on Ethereum. Axis states it is not a conventional stablecoin and can trade above or below one dollar.
How is USDX created?
Eligible participants sign mint orders that an authorised operator submits to the Axis primary market, which routes collateral to registered custody before minting.
What is sUSDx?
sUSDx is the vault position created by staking USDx. Yield goes to sUSDx rather than directly to USDx, and exits go through a request and claim process.
Does USDX have a supply cap?
No. Supply rises and falls as USDx is minted against collateral and burned on redemption.
Price history
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Historical price data is not available yet for this asset. | ||||