Vertex (VRTX) Price

#1022

$0.05991

1.61%24h
- 0.0009774$
$0.05936 $0.06108
24h Change Range

Market Cap

$26.0M+
1.79%

Volume (24h)

$1.3M+

F.D Valuation

59.9M+

Circulating Supply

434.2M+

Total Supply (Est.)

1.0B+

Max. Supply

1.0B
Vertex Information

Official Website

vertexprotocol.com
Vertex Website

Vertex (VRTX) Wallet

Whitepaper

Social Links

Contract Address

Block Explorers

Main Chain

Platforms

Vertex (VRTX) Historical Market

24 Price Range

-

All-Time High

$0.5201 88.47%
11/28/2023 10:04 AM

All-Time Low

$0.05507 8.87%
Nov 05 2024

Vertex Chart

Vertex (VRTX) Live Market Details and Information

Vertex’s VRTX token serves as the cornerstone of Vertex Edge's decentralized exchange (DEX) network, integrating spot trading, perpetuals, and money markets into a unified order book across multiple EVM-compatible chains. The tokenomics of VRTX are designed to promote sustainable growth, incentivize participation, and optimize the ecosystem's efficiency. Trading Rewards & Emissions To foster active engagement, Vertex regularly distributes VRTX tokens as trading rewards to users participating across the chains supported by Vertex Edge. The current phase, known as the Ongoing Incentives Phase, allocates 34% of the total VRTX supply—amounting to 340 million tokens—over more than 72 weekly epochs. Each epoch spans seven days, with a predetermined pool of VRTX tokens distributed to traders based on their proportional trading activity during that period. Staking Mechanism VRTX staking encourages long-term commitment and rewards participants effectively. Key features of the staking model include: - Sustainable Rewards Model: The staking rewards structure is diversified across three primary streams: 1. Base APY: A portion of the reduced VRTX emissions is allocated to provide an initial annualized yield of 15%, tapering to 1.5% over three years. 2. Fee APY: Trading fees are used to repurchase VRTX, which is then added to the staking pool. Initially, 50% of all protocol fees are dedicated to these buybacks, with a planned increase to 100% over time. 3. Loyalty APY: Revenues from early unstake penalties are redistributed as additional yield to long-term participants. - Auto-Compounding Rewards: Staking rewards are automatically compounded, increasing the user's staked balance without manual intervention. This process utilizes USDC from the protocol's trading fees to buy back VRTX, which is then distributed back into the staking pool. - Immediate Access to Maximum Rewards: VRTX stakers can earn the highest possible yield immediately upon staking, simplifying participation and enhancing accessibility. - Flexible Unstaking Options: Users can unstake their VRTX tokens at any time, subject to a 21-day cooldown period. For those preferring immediate access, an option to bypass the cooldown is available with a 10% early withdrawal penalty. Penalties collected from early withdrawals are redistributed to the subsequent week's yield pool, benefiting long-term stakers. Market Maker Incentives Recognizing the pivotal role of market makers in maintaining liquidity, Vertex maintains a tiered rebate system linked to the amount of VRTX staked: - 3 million VRTX or more = 0.75 basis points rebate - 1 million VRTX = 0.65 basis points rebate - 300,000 VRTX = 0.55 basis points rebate - 3,000 VRTX = 0.15 basis points rebate The tiered rebate structure incentivizes deeper liquidity provision by offering higher rebates to market makers with greater stakes, thereby aligning their interests with the protocol's long-term growth. The VRTX token is natively available on Ethereum L1, Arbitrum L2, Base L2, and Blast L2 networks. In summary, Vertex’s VRTX tokenomics are strategically designed to foster sustainable ecosystem growth, incentivize active participation from various stakeholders, and ensure the long-term alignment of interests within Vertex Edge's network of exchanges.

FAQs About Vertex (VRTX)

The current price of 1 Vertex (VRTX) in USD is $0.05991. This price is currently -88.47% than its all-time high (ATH) of $0.5201, and 8.87% than its all-time low (ATL) of $0.05507.
Please note that cryptocurrency prices are highly volatile and can change rapidly depending on market conditions, investor sentiment, and exchange platform variations. It's important to stay updated with the latest market trends to understand the fluctuations in Vertex’s price.

The market capitalization of Vertex (VRTX) is $25,967,147.00 as of today.
Vertex (VRTX) is currently ranked #1022 in the market, and this market cap is calculated by multiplying the current price of Vertex with the circulating supply.
The circulating supply of Vertex (VRTX) is 434,214,022, meaning there are 434,214,022 tokens in circulation.
It is important to note that the market cap can fluctuate significantly due to the volatility of cryptocurrency prices, as well as changes in the circulating supply based on mining or token burns.
The market cap reflects the overall value of Vertex (VRTX) in the market and provides an insight into its market dominance and potential for future growth. For the most accurate and up-to-date information, always check the latest market updates on Vertex (VRTX)’s official platforms.

The trading volume of Vertex (VRTX) today is $1,283,870.00. This represents the total value of Vertex (VRTX) transactions in the market over the last 24 hours.
A higher trading volume indicates strong market activity, liquidity, and interest in the token. As of now, Vertex (VRTX) is being actively traded across several exchanges, with buyers and sellers participating in high - frequency transactions.

The trading volume metric, which plays a vital role in market assessment, reveals the extent of Vertex's market activity and liquidity. Market interest remains strong when trading volumes are high because considerable trading activity means individual transactions have a limited impact on market price. coin.Name stands out as the most actively traded cryptocurrency because of its large trading volume. Institutions and people use it to sell and store monetary value.

Monitoring trading volume is crucial as it helps identify trends in market sentiment, potential price volatility, and overall token demand.
Stay informed about the latest updates on Vertex (VRTX) to make well-informed trading decisions.

The all-time high (ATH) price of Vertex (VRTX) is $0.5201. This ATH was reached on 28 Nov 2023, marking the highest value ever for Vertex (VRTX) in the market. Currently, Vertex is lower than its ATH by -88.47%, reflecting a lose since its peak.
ATH values are essential for understanding the maximum market valuation of Vertex, offering insight into its performance
and potential growth trajectory. As cryptocurrency prices are volatile, it's crucial to stay updated on the latest trends.

The all-time low (ATL) price of Vertex (VRTX) is $0.05507. This ATL was reached on 05 Nov 2024, marking the lowest value ever for Vertex (VRTX). Currently, Vertex is higher than its ATL by 8.87%, reflecting a gain since its lowest point.
ATL values are essential for understanding the minimum market valuation of Vertex (VRTX), offering insight into its recovery
and potential for growth. As cryptocurrency prices are volatile, staying updated on the latest trends is important.

To buy Vertex (VRTX), you can follow these steps:
1. Choose a Cryptocurrency Exchange: Vertex (VRTX) is available on several popular cryptocurrency exchanges, such as Changelly Binance, CoinEx, KuCoin, etc. These platforms allow you to trade Vertex against various cryptocurrencies or fiat currencies like USD, EUR, and more.
2. Create an Account: Sign up on the exchange of your choice by providing the necessary details such as email, password, and KYC (Know Your Customer) verification.
3. Deposit Funds: Once your account is set up, deposit funds via bank transfer, credit card, or another supported payment method. Make sure you have USD or any other preferred currency in your exchange account to purchase Vertex.
4. Place an Order: After funding your account, navigate to the Vertex (VRTX) trading pair (e.g., Vertex/USD) and place an order to buy. You can choose a market order for immediate execution or a limit order to buy at your desired price.
5. Store Your Coins Securely: After purchase, it's important to store your Vertex in a secure wallet. You can use the exchange wallet or transfer your coins to a private wallet for added security.
Note: Cryptocurrency investments are volatile. Ensure you do thorough research and consider risks before purchasing Vertex (VRTX).

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