What is SMARDEX USDN (USDN)?
USDN is a pioneering synthetic U.S. dollar token developed within the SmarDex ecosystem. Unlike traditional stablecoins that often depend on centralized reserves or collateral to maintain their value, USDN employs a fully decentralized approach. Its value stability is achieved through a mathematical financial process known as a Delta-Neutral strategy. This strategy involves balancing two distinct groups of participants: - Vault Participants: These users deposit assets into the protocol’s vault to mint USDN tokens.
How does SMARDEX USDN work?
- Long Position Traders: These traders open leveraged long positions on the underlying asset, seeking amplified exposure. The interplay between these groups ensures that USDN maintains a value close to that of the U.S. dollar while simultaneously generating yields for its holders. This design offers a decentralized alternative to traditional stablecoins, providing both stability and profitability within the decentralized finance (DeFi) landscape. 
Where can you buy SMARDEX USDN?
SMARDEX USDN (USDN) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for USDN sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting USDN, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of SMARDEX USDN (USDN)?
The reported 24-hour trading volume of SMARDEX USDN is $191.01. Volume is a live reading of how much USDN changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for SMARDEX USDN (USDN)?
SMARDEX USDN reached an all-time high of $1.05 on October 10, 2025, and an all-time low of $0.9538 on February 3, 2025. It is currently trading -5.12% from its peak and +4.86% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where USDN sits in its long-run price range.
What is the market cap of SMARDEX USDN (USDN)?
SMARDEX USDN's market capitalization is currently $1.26M, and it is ranked #9999 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (1.26 million USDN are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of SMARDEX USDN (USDN)?
The fully diluted valuation (FDV) of SMARDEX USDN is $1.26M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of SMARDEX USDN compare against its peers?
Over the past 24 hours, SMARDEX USDN has moved -. Over the past seven days, the change is +1.06%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether USDN is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare SMARDEX USDN against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store SMARDEX USDN?
Like any crypto asset, the right way to store USDN depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
