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View ChartMdex (MDX) is a decentralized trading protocol that launched in January 2021. It is an automated market making (AMM) decentralized exchange protocol built around the concept of fund pools, placing it in the same broad category as other DEX platforms while differentiating itself through a dual-chain architecture. Mdex operates across the Huobi Ecological Chain (HECO), BNB Smart Chain (BSC), and the Ethereum network, giving it access to liquidity from multiple ecosystems rather than relying on a single chain.
The protocol was designed to address a practical problem facing DeFi users: the Ethereum network has struggled with expensive gas fees and slow transaction speeds, particularly during periods of heavy congestion. By building on HECO, which launched in December 2020 with a claimed maximum throughput of 500 transactions per second, a three-second transaction confirmation time, and a gas fee of roughly $0.001, Mdex positions itself as a lower-cost, higher-speed alternative for token swaps. The MDX token has a total supply of approximately 1.06 billion, with roughly 950.25 million tokens in circulation, representing about 90% of the total supply.
Detailed public information about the founding team behind Mdex is currently limited. The project is closely associated with the Huobi ecosystem, as its primary underlying blockchain is the Huobi Ecological Chain (HECO), which was launched by Huobi in December 2020. Huobi is a Seychelles-based cryptocurrency exchange founded in China and listed in Hong Kong. While the exchange's infrastructure provides the foundation for Mdex's HECO-based operations, specific individual founders or development team members are not identified in the available public materials. The project maintains an official presence through its website and Twitter account under the handle MdexTech.
Mdex functions as an automated market making (AMM) exchange that relies on fund pools rather than traditional order books. In this model, liquidity providers contribute assets to pools, and trades are executed against those pools according to a deterministic pricing algorithm. This allows users to swap tokens without needing a counterparty to take the other side of the trade at a specific price.
The protocol's dual-chain model is central to its operation. By deploying on both the Ethereum network and HECO, Mdex aims to combine access to Ethereum's deep liquidity with the lower fees and faster confirmation times available on HECO. On HECO, transactions are confirmed in approximately three seconds, and the estimated cost per token swap is about $0.001. The platform also supports deployment on BNB Smart Chain, further broadening its reach across major blockchain ecosystems. MDEX has been operating since its launch and supports functions including spot transactions, perpetual trading, and stake mining.
The primary differentiator for Mdex is its dual-chain architecture. Most DeFi activity has historically been concentrated on Ethereum as ERC-20 assets, but that network's congestion and high gas fees created openings for alternatives. Mdex's decision to build on HECO, a chain explicitly designed to avoid scalability bottlenecks, allows it to offer significantly cheaper and faster transactions than Ethereum-native DEXs during periods of network stress. The claimed $0.001 swap cost and three-second transaction speed are meaningful advantages for active traders and liquidity providers who are sensitive to fee erosion.
Another distinguishing feature is the protocol's repurchase and burn tokenomics model, which is intended to reduce the circulating supply of MDX over time. The project also references a Dual Mining Innovation within its ecosystem. Additionally, Mdex's presence across HECO, BSC, and Ethereum gives it a multi-chain footprint that can adapt to shifting user activity across ecosystems, rather than being tied to the fortunes of a single network.
The MDX token serves as the native asset of the Mdex ecosystem. It is used within the platform's trading and liquidity functions, including stake mining, where users can lock tokens to participate in the network's incentive mechanisms. MDX can be acquired on decentralized exchanges such as PancakeSwap, as well as through various trading venues where the token is listed. The token also functions as a tradeable asset on the open market, with active trading pairs against major fiat currencies including AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW. Holders can participate in the ecosystem through staking and yield opportunities offered by the platform. The repurchase and burn model ties the token's supply dynamics to platform activity, aiming to create deflationary pressure as the exchange generates fees.
The Mdex ecosystem is built around the MDEX exchange, accessible through mdex.com, with a dedicated HECO platform portal at ht.mdex.com. The platform supports spot transactions, perpetual trading, and stake mining, and has been operating since its launch. Integration with MetaMask allows users to access the platform through a widely used wallet that supports Ethereum and most major blockchains, available as both a browser extension and a mobile app for Android and iOS. Other wallet integrations include Exodus, Trezor, and CoolWallet S.
The ecosystem extends across three blockchain networks, and MDX can be swapped on external DEXs such as PancakeSwap. The project maintains documentation through a GitBook portal, including a lightpaper. Community features include yield and holder tracking, and the token has a holder base of approximately 331,860 addresses. The protocol's multi-chain strategy positions it to capture activity across HECO, BSC, and Ethereum as user preferences and network conditions evolve.
MDX is not mined through traditional proof-of-work computation. Instead, tokens enter circulation through the platform's stake mining and liquidity provision mechanisms. Users can participate by providing liquidity to pools on the MDEX exchange, which earns them trading fees and token rewards. Stake mining allows users to lock MDX or other supported assets to earn additional tokens. The repurchase and burn model complements these mechanisms by removing tokens from circulation as the platform generates revenue. The dual mining innovation referenced in the project's materials suggests additional reward structures beyond simple liquidity mining. For users interested in acquiring MDX without providing liquidity, the token is available on decentralized exchanges and various trading platforms.
Securing MDX tokens requires attention to both wallet choice and transaction practices. Hardware wallets such as Trezor and CoolWallet S are recommended for users who prioritize security, as they keep private keys offline and away from internet-connected devices. Software wallets like MetaMask and Exodus offer more convenient access to decentralized applications but require careful management of seed phrases and passwords. When manually swapping tokens via smart contract addresses, users should carefully verify every address and remain alert to possible fraud or phishing attacks, as incorrect addresses can result in permanent loss of funds.
Because MDX operates across multiple chains, users should confirm they are interacting with the correct network and contract before executing transactions. The MDX token is considered received after one blockchain confirmation on supported platforms. As with any DeFi asset, users should avoid sharing private keys or seed phrases, use official websites and documentation for guidance, and be cautious of unsolicited offers or links. The CertiK rating of 3.9 and referenced audits provide some indication of the project's security posture, but individual operational security remains the user's responsibility.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for MDX are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Mdex (MDX) is $0.00051. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated MDX to USD rate at the top of BTCC’s price page. In terms of market scope, Mdex records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $484.565963K. Its current circulating supply stands at 950.25M out of a maximum supply cap of ∞.
The price volatility of Mdex (MDX) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (950.25M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Mdex (MDX) hit an all-time high (ATH) of $10.060024 on 2021-02-22 07:05, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000113 on 2026-06-19 17:50. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading MDX futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s MDXUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Mdex, simply log into your BTCC account with USDT margin available, navigate to the MDXUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for MDXUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.00051), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for MDXUSDT with zero financial risk.
Trading Mdex (MDX) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for MDXUSDT, and review its live price ($0.00051) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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