CyberDEX is a decentralised perpetual swaps trading platform functioning on Optimism. The exchange is powered by Synthetix which - by its unique model - allows traders to tap into huge liquidity pools and carry out trades with minimum slippage and market impact.
This is done by leveraging Synthetix debt pool (a massive pool of liquidity) that ensures execution in size at the closest price level to the order with minimal impact to the markets traded. This model is sustained by the liquid and immutable stablecoin, sUSD, which is quoted against the tradable synthetic assets with their prices matching the underlying assets using decentralised data oracles such as “Chainlink” and “Pyth”.
CyberDEX Price Analysis
As of December 21 2024 CyberDEX has a marketcap of $3M.
This is {{percentagefromath}} from its all time high of $0.077973.
In terms of its tokenomics, there's a total supply of 1.6B with 15% currently outstanding.
Keep in mind CyberDEX has a fully diluted value of $21M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
