Nexus Mutual Price (NXM)

Unlisted

What is Nexus Mutual?

Nexus Mutual is a decentralized insurance alternative that allows members to join and share risk. Members can purchase cover products that protect against different kinds of risk, such as smart contract risk for major DeFi protocols (Protocol Cover), ETH slashing risk, and more. Protocol Cover provides protection against a loss of funds due to hacks, exploit, oracle manipulation, liquidation failures, or governance attacks. The Nexus Mutual protocol is built on Ethereum and provides the infrastructure for members to buy cover, underwrite risk, assess claims, and build risk management businesses.

What is the NXM token?

The NXM token is the governance and utility token backed by crypto assets held in the Nexus Mutual capital pool contract. It is used to buy cover, vote on governance decisions, and participate in Risk and Claims Assessments. It is also used to encourage capital provision and represents ownership to the mutual’s capital pool. As the mutual’s capital pool increases, the value of NXM will increase as well. The token’s price is determined using a Ratcheting AMM (RAMM), which is affected by both the amount of capital the mutual has and the amount of capital it needs to meet all claims with a certain probability. The NXM token is not traded on any exchange and is only used as an internal token for Nexus Mutual. To obtain the NXM token, one must register as a member of Nexus Mutual and go through the platform’s KYC and AML processes. There is a "wrapped" version of the NXM token called Wrapped NXM (wNXM) that is freely transferable and can be bought on the open market through cryptocurrency exchanges. How to check the financial health status of the Nexus Mutual protocol? Relevant on-chain financial metrics can be found in the Nexus Mutual Dune dashboards. How are covers priced? The price of cover is based on several criteria such as: Cover Amount

Cover Period

The price of cover set by the staking pool manager(s) How is risk assessment done on Nexus Mutual? NXM holders can participate in risk assessment as NXM stakers, who stake and delegate their NXM to an existing staking pool, or as Staking Pool Managers, who launch their own staking pool and use the NXM in their pool (their own NXM and NXM delegated by other members) to stake against cover products, determine the available capacity, and set the price of the cover offered by their pool. How to make a claim on Nexus Mutual? When a loss event occurs, Nexus Mutual users who held active cover can submit a claim. They can do so by submitting a claim directly in the Nexus Mutual user interface.

What is the current price of Nexus Mutual?

The live price of Nexus Mutual (NXM) is £55.3555788147750000 GBP. This real-time valuation is updated continuously and aggregates pricing from major global exchanges to ensure you see an accurate market rate.

How is Nexus Mutual positioned in the market?

Nexus Mutual currently sits at market rank #341, supported by a market capitalization of £105804178.76771931000000. This ranking is influenced by liquidity depth, overall investor demand, and the circulating token supply.

What is the circulating supply of NXM?

The circulating supply of NXM is 1908897.966279517 tokens, representing the amount available in the open market. This number plays an important role in determining market valuation, scarcity, and long-term inflation dynamics.

What is the 24-hour price range of Nexus Mutual?

During the last 24 hours, Nexus Mutual traded within a range of £55.0706273118000000 (24-hour low) and £58.2950785296750000 (24-hour high). This volatility range helps traders understand short-term momentum and market unpredictability.

How far is Nexus Mutual from its All-Time High and All-Time Low?

Nexus Mutual reached an all-time high of £139.4537658112125000, while the lowest recorded price (ATL) is £5.2191117387000000. These historical benchmarks allow traders to evaluate long-term price potential and cycles.

How active is NXM trading today?

Trading volume over the past 24 hours is £--, reflecting current market participation. Higher volume often indicates stronger investor interest and deeper market liquidity.

What influences the recent trend direction for Nexus Mutual?

The current price movement of -3.69% over the last 24 hours is shaped by market sentiment, trading activity, macroeconomic factors, and ecosystem-specific updates related to Decentralized Finance (DeFi),Insurance,Ethereum Ecosystem. Sudden increases in volume can also act as catalysts for sharp price movements.