Wrapped NXM (WNXM) Rates

Compare lending, staking & borrowing rates across 5 platforms

$81.08

↑ 0.00%

Updated: December 6, 2024

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Best Wrapped NXM (WNXM) Rates

Platform	Coin	Price
Bitget	Wrapped NXM (WNXM)	81.08
CoinEx	Wrapped NXM (WNXM)	74.97
Gate.io	Wrapped NXM (WNXM)	75.52
HTX	Wrapped NXM (WNXM)	71
MEXC Global	Wrapped NXM (WNXM)	74.82

Wrapped NXM Earning Guide

How to earn Wrapped NXM

Frequently Asked Questions About Wrapped NXM (WNXM) Interest Rates

What is Wrapped NXM (wnxm) and how does it differ from native NXM?: Wrapped NXM (wnxm) is an ERC-20 representation of NXM that enables NXM to be used within Ethereum-based ecosystems, DeFi protocols, and wallets that support ERC-20 tokens. The wrapping process typically involves locking NXM in a smart contract and minting a proportional amount of wnxm. This preserves the underlying value while enabling liquidity, interoperability, and DeFi use cases. The key difference is that native NXM may operate on its own chain or use a different wrapper standard, whereas wnxm is designed to seamlessly interact with Ethereum-compatible tools. Always verify the source and audit status of the wrapper to avoid scams or loss of funds.
How can I buy, store, and track the price of Wrapped NXM (wnxm)?: To acquire wnxm, you typically swap NXM for wnxm on a supported decentralized exchange or use a bridge if you hold NXM on another chain. After wrapping, store wnxm in an ERC-20 compatible wallet (e.g., MetaMask, Ledger with ETH app, or other wallets supporting ERC-20). For price tracking, monitor market data on major aggregators that list wnxm, including current price, 24-hour change, and market cap. The coin’s price in USD and relative performance can fluctuate with overall crypto markets, liquidity on DEXs, and protocol demand. Consider using price alerts and maintain awareness of slippage and gas fees when swapping or bridging.
What is the current market status of Wrapped NXM (wnxm) in terms of supply and liquidity?: As of the latest data, wnxm has a circulating supply of about 465,151.42 tokens with a market cap around $33.77 million. Liquidity and trading volume can vary across exchanges and DeFi platforms, influencing slippage and price impact during swaps. A relatively lower supply with active engagement from the NXM ecosystem can lead to higher price sensitivity to demand shifts. Check live liquidity pools, such as Uniswap or other DEXs listing wnxm, and review liquidity depth to plan trades accordingly. Remember that liquidity can change quickly with market sentiment and protocol incentives.
What are the primary use cases or benefits of holding Wrapped NXM (wnxm)?: Holding wnxm enables exposure to NXM’s value while participating in Ethereum-based DeFi activities. Benefits include the ability to lend, borrow, and trade within DeFi protocols, access to yield farming opportunities, and potential liquidity provider rewards. Wrapping also enhances cross-chain interoperability, allowing users to leverage NXM’s value without leaving the Ethereum ecosystem. If you are an NXM stakeholder, wnxm provides a pathway to engage with DeFi markets and diversify earning strategies. Always confirm the wrapper’s trust model and any associated fees or risks before entering liquidity positions.
What risks should I consider before investing in Wrapped NXM (wnxm)?: Key risks include smart contract vulnerabilities in the wrapping contract or bridges, which could lead to loss of funds. Slippage, impermanent loss, and price volatility in DeFi pools can affect returns when trading or providing liquidity. The token’s liquidity depth may influence execution prices, especially for large trades. Regulatory developments and changes in NXM’s project dynamics could impact demand. Always use reputable platforms, enable hardware wallets where possible, and diversify holdings. Performing due diligence on the wrapper’s audit status and the underlying NXM project is crucial before committing capital.