Vertex Price
(VRTX)
USD($)
Vertex (VRTX) Live Price Chart
Overview
About
Analysis
FAQ
Vertex Live Price Data
The live price of Vertex is $0.0973, with a total trading volume of $ 64,357 in the last 24 hours. The price of Vertex changed by +3.83% in the past day, and its USD value has increased by +1.35% over the last week. With a circulating supply of 387,674,511 VRTX, the market cap of Vertex is currently 37.71M USD, marking a --% increase today. Vertex currently ranks #-- in market cap.
How do you feel about Vertex today?
Note: This data is for reference only.
Vertex(VRTX) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Ethereum 0xbbEE07...28e
Audited By
- --
Code & Community
Investors
- Big Brain Holdings
$0.0937
$0.0995
- ATH
- $0.5344
- Price Change (1h)
- -0.10%
- Price Change (24h)
- +3.83%
- Price Change (7d)
- +1.35%
- Market Cap
- $37.71M
- 24h Volume
- $64,357
- Circulating Supply
- 387,674,511
- Max Supply
- 1B
About VRTX
How can I buy Vertex (VRTX)?
Buying VRTX on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Vertex (VRTX) for more information. What Is Vertex Protocol (VRTX) Crypto?
Vertex Protocol (VRTX) is a cross-margined decentralized exchange (DEX) protocol that offers spot trading, perpetual trading, and an integrated money market in one vertically integrated application on Arbitrum. Vertex Protocol aims to replace the need for centralized exchanges (CEXs) and provide users with a trading experience that combines the benefits of self-custody, transparency, and autonomy native to DeFi while maintaining high performance and features comparable to CEXs.
Vertex is a non-custodial platform, meaning users always retain control over their assets on-chain. Due to its hybrid order book-AMM design, it boasts extremely low-latency trading and effective liquidity utilization across a broader range of DeFi assets. The off-chain sequencer architecture also helps minimize the MEV characteristic of Ethereum Layer-1 while enabling lightning-fast trading.
The integrated AMM is located on-chain within the protocol layer and functions as the default state of the protocol controlled at the smart contract level, known as "Slo-Mo Mode." The order book operates as an off-chain node layered on top of the smart contracts and contained within the Layer-2 Arbitrum protocol layer, matching inbound orders with execution speeds competitive with most centralized exchanges.
Additionally, Vertex provides a powerful, streamlined trading experience for DeFi, allowing users to trade spot and perpetuals, manage universal cross-margined trading accounts, and earn and borrow assets through its integrated money market.
How Does Vertex Protocol Work?
Vertex Protocol is a DEX built on the Arbitrum network that aims to provide a superior trading experience by combining spot, perpetual, and money markets into a single platform. Here's an overview of how Vertex Protocol works:
1. Liquidity Provision
Liquidity providers deposit funds into the Vertex Protocol and earn the spread between maker and taker orders. This process facilitates the efficient trading of assets on the platform.
2. Hybrid Trading Infrastructure
Vertex Protocol utilizes a unique hybrid trading infrastructure, leveraging an off-chain sequencer to host an order book and match orders at lightning-fast speeds. It ensures high performance and low-latency trading comparable to centralized exchanges (CEXs).
3. Integrated Money Market
Vertex Protocol is built with an integrated money market at its core. When users deposit assets into the protocol, other traders can borrow those assets to take leverage, thus integrating borrowing and lending features seamlessly with trading functionalities.
4. CEX-Level Transaction Speed
Vertex Protocol provides CEX-level transaction speed while keeping the core principles of transparency and self-custody inherent to decentralized exchanges.
5. Vertical Integration
Vertex aims to provide users with CEX-level functionality and feature variety while retaining the benefits of decentralized exchanges. It offers a seamless and efficient trading experience for both retail and institutional traders.
6. Off-Chain Order Book and On-Chain Smart Contracts
The platform's off-chain sequencer and on-chain smart contracts work in tandem to facilitate efficient order matching and trade execution while ensuring the security and transparency of on-chain operations.
History of Vertex Protocol and VRTX Coin
Vertex Protocol (VRTX) launched its Liquidity Bootstrapping Auction (LBA) on November 13th, 2023. This event was significant for seeding the initial liquidity for the VRTX token, promoting fairness, low sensitivity to price volatility, and making capital requirements more accessible. The LBA utilized an LP contract, allowing single-sided liquidity for dual pools consisting of USDC and VRTX.
The VRTX market-driven price was established over a 7-day period. Additionally, those who participated in the first 7 epochs of the Vertex Trade & Earn Program had the opportunity to pre-claim pending VRTX, which could then be used to provide liquidity in the LBA.
How to Use VRTX Token
The VRTX token serves several key functions within the ecosystem:
1. Enables Governance of Vertex Protocol
VRTX gives holders governance rights and decision-making power within the Vertex Protocol ecosystem. VRTX token holders can vote on proposals and changes to the protocol's parameters, ensuring decentralization and community involvement in the platform's evolution.
2. Offers Liquidity Incentives
VRTX can be utilized to incentivize liquidity provision on the Vertex Protocol decentralized exchange. Liquidity providers can be rewarded with VRTX tokens for contributing to the platform's liquidity, thereby building a vibrant and active trading environment.
3. Trading and Fee Discounts
Holders of VRTX tokens may benefit from discounted trading fees on the Vertex Protocol DEX, serving as an incentive to hold and utilize the token for trading activities on the platform.
4. Staking and Rewards
In the future, Vertex Protocol could start VRTX staking within the protocol, enabling users to earn staking rewards. As of November 2023, this feature has yet to go live on the Vertex Protocol DEX.
5. Community Participation
The VRTX token also fosters community participation and engagement within the Vertex Protocol ecosystem, aligning the community's interests with the development and growth of the platform.
6. Trade VRTX on KuCoin
Trade Vertex Protocol token against other cryptos on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell VRTX or hold it long-term if you believe in the future potential of the Vertex DEX. Ensure you undertake investment decisions in the crypto market only after you DYOR.
Vertex (VRTX) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.0027 | 2.96% |
| 7 Days | $0.0012 | 1.35% |
| 30 Days | $0.0244 | 33.61% |
| 3 Months | $0.03 | 44.73% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Vertex Conversion Rate
FAQ
How much is 1 Vertex (VRTX) worth?
KuCoin provides real-time USD price updates for Vertex (VRTX). Vertex price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time VRTX to USD exchange rates. Is Vertex Protocol (VRTX) a Good Investment?
Here are some reasons why you could add $VRTX to your crypto portfolio:
Innovative DEX Offering
Vertex Protocol aims to provide a superior trading experience by offering features such as spot trading, perpetual trading, and an integrated money market in a seamless and user-friendly manner, making it a comprehensive platform for various trading needs.
Vertex’s High-Performance Trading Infrastructure
The Vertex Protocol utilizes a hybrid trading infrastructure incorporating an off-chain order book and on-chain smart contracts, aiming to provide high trading speeds and efficiency comparable to centralized exchanges. This can contribute to a smooth trading experience for users.
Superior Trading Features
Low Latency Trading: The platform's design facilitates low-latency trading, potentially reducing the time taken for trade execution and enhancing overall trading efficiency.
Integrated Money Market: The integrated money market within Vertex Protocol allows users to earn and borrow assets, providing additional opportunities for generating returns and accessing leverage within the same platform.
What Is Vertex Protocol Price Prediction?
While we cannot offer a reliable VRTX price prediction for any duration, the following factors could help you understand the price trends in the Vertex cryptocurrency:
Level of Liquidity on Vertex DEX
The liquidity of the VRTX token on various trading platforms and decentralized exchanges can significantly impact the Vertex Protocol price. Higher liquidity generally leads to more stable pricing and reduced price slippage for traders.
VRTX Token Utility
The utility and governance features of the VRTX token within the Vertex Protocol ecosystem can also impact its VRTX price. Tokens that offer tangible utility, such as staking, governance voting rights, or fee discounts, may be more attractive to investors, potentially affecting the VRTX to USD price.
Crypto Market Conditions
Overall market conditions and trends in the broader cryptocurrency space can also influence the price of VRTX. Factors such as Bitcoin's price movements, market sentiment, regulatory developments, and macroeconomic trends can affect the entire crypto market, including $VRTX crypto.
Development and Adoption of Vertex Protocol
The ongoing development of the Vertex Protocol platform and its adoption within the DeFi ecosystem can impact the perceived value of the VRTX token, potentially influencing the $VRTX price.
Overall Performance of Vertex Protocol DEX
The overall performance, security, and reliability of the Vertex Protocol platform can affect the confidence of investors and users in VRTX, which can have implications for the price of Vertex Protocol crypto.
How to Earn on Vertex Protocol
Here are some ways you can earn on Vertex Protocol DEX:
Participate in Trading Activities
You can earn by actively participating in trading activities on Vertex Protocol. Vertex offers spot and perpetuals trading on its platform, giving you ample opportunities to trade crypto pairs and earn profits.
Universal Margin
Vertex DEX also supports margin trading for advanced traders for better risk management. Vertex offers a universal margin account across all assets and open positions so that you can deploy your trading strategies across spot and perp markets from a single interface.
Earn Through Yield Farming
Earn yield on collateral and assets you deposit on the Vertex platform. You can also borrow assets from the DEX for margin trading with leverage or withdraw borrowed assets for use outside the Vertex ecosystem.
What is the all-time high price of Vertex (VRTX)?
The all-time high price of Vertex (VRTX) is $0.5347. The current price of VRTX is down 81.79% from its all-time high.
What is the all-time low price of Vertex (VRTX)?
The all-time low price of Vertex (VRTX) is $0.0550. The current price of VRTX is up 76.92% from its all-time low.
How much Vertex (VRTX) is there in circulation?
As of 12 22, 2024, there is currently 387,674,511 VRTX in circulation. VRTX has a maximum supply of 1B.
What is the market cap of Vertex (VRTX)?
The current market cap of VRTX is $37.71M. It is calculated by multiplying the current supply of VRTX by its real-time market price of $37.71M.
How do I store Vertex (VRTX)?
You can securely store your Vertex in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your VRTX include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.