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View ChartIndexed Finance (NDX) is a decentralized finance (DeFi) project built on the Ethereum network that focuses on passive portfolio management strategies. The platform provides a framework for creating and managing tokenized index pools, allowing investors to gain diversified exposure to a basket of crypto assets without actively managing individual positions. The native governance token, NDX, is an ERC-20 token with a total supply of 10,000,000 coins. The project launched on January 14, 2021. Its circulating supply stands at approximately 854,801 NDX, representing roughly 9% of the total supply. Trading activity is minimal, with very low 24-hour volume and thin liquidity across the reported pairs.
Indexed Finance was founded by Dillon Kellar, according to Tracxn (May 23, 2025). The protocol is governed by NDX holders through Indexed Governor Alpha, with proposals voted on by token holders.
Indexed Finance operates as a framework for passively managed portfolios on Ethereum, beginning with tokenized index pools. Users can invest in these indices to gain diversified exposure to a collection of crypto assets, simplifying the investment process by removing the need for active management. Participants can stake index tokens or their associated Uniswap liquidity tokens to earn NDX rewards. The protocol also features a locking mechanism called dNDX, where users lock NDX tokens for a period ranging from 90 to 360 days to mint dNDX tokens at a ratio ranging from 1:1 to 4:1. Governance is handled by NDX holders, who vote on proposals for protocol updates, the definition of market sectors, the creation of new management strategies, and the introduction of new indices. Governance runs through the Indexed Governor Alpha contract, with proposals discussed on forum.indexed.finance and voted on by NDX holders (voting is also referenced via Tally). The token contract includes events such as Approval, DelegateChanged, DelegateVotesChanged, and MinterChanged, reflecting its governance and minting functionality.
Indexed Finance distinguishes itself by bringing passive index investing into DeFi: users gain diversified exposure through tokenized index pools on Ethereum without actively managing individual positions, and NDX holders govern protocol updates and index creation.
NDX serves primarily as the governance token for the Indexed Finance protocol. Holders use NDX to vote on key decisions, including protocol updates, high-level index management, the definition of market sectors, and the creation of new management strategies. In addition to governance, NDX can be earned by users who stake index tokens or their associated Uniswap liquidity tokens. The token also plays a role in the dNDX locking mechanism, where users lock NDX for extended periods to mint dNDX tokens, which may confer additional benefits within the ecosystem. The platform itself is used to create and invest in tokenized index pools, offering diversified exposure to crypto assets.
The development status of the Indexed Finance ecosystem appears to have slowed significantly. CryptoSlate rates the asset's trading activity as "Dormant" (score below the 40/100 minimum threshold), and the project shows extremely low activity as of September 2026. Trading activity is minimal. Yahoo Finance lists 8 active markets and CryptoSlate reports 8 reported pairs, but CryptoSlate flags only one valid market (Bancor Network, NDX/BNT) and rates the asset's trading activity as Dormant. The token trades on a small number of reported pairs, and multiple data aggregators show very low liquidity and market capitalization. While the protocol originally aimed to provide a range of indices and passive investment products, as of the latest available snapshot the token has about 5.37K holders and a TVL of roughly $135.81K, figures consistent with very limited ongoing activity. The project had planned to distribute protocol revenue through NDX staking and to support the Arbitrum network; these plans are not reflected in current activity.
In June 2022, two governance proposals passed unanimously to enable redemption of assets temporarily removed from the DEFI5, CC10 and FFF pools; proposals 22 and 23 were executed on June 24, 2022, and a one-click redemption app went live on June 30, 2022.
NDX is not mined. It is an ERC-20 governance token on Ethereum, and rewards were distributed through staking: users stake index tokens or their Uniswap liquidity tokens to earn NDX from the protocol's liquidity-reward program. Proposal 17 routed outstanding NDX liquidity rewards to the staking Masterchef and terminated the program, so this reward path is no longer active. Additionally, the protocol offers a locking mechanism where users lock NDX tokens for a period of 90 to 360 days to mint dNDX tokens at a ratio of 1:1 to 4:1. There is no active mining hardware or validator setup required for individual users to obtain NDX; participation is based on providing liquidity or staking within the platform.
To keep your NDX tokens safe, use a reputable self-custody wallet that supports ERC-20 tokens on the Ethereum network. Always verify the token contract address (0x86772b1409b61c639EaAc9Ba0AcfBb6E238e5F83) before interacting with any platform. Store your private keys or seed phrase offline and never share them with anyone. Be cautious of phishing sites and fake token contracts, especially given the low activity and inactive status of the project. No public third-party audit report for the NDX token contract is referenced in the available sources; the project carries a CertiK rating of 3.0. Because the project is largely inactive, smart-contract and liquidity risks should be assessed independently before interacting. Consider using hardware wallets for long-term storage, and regularly review approvals granted to decentralized applications to minimize exposure to potential vulnerabilities.
NDX is a volatile asset whose price can move sharply, and regulatory treatment of DeFi tokens may change. Smart contracts and liquidity pools carry technical and counterparty risks. The points above are informational and should not be treated as investment advice.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for NDX 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 Indexed Finance (NDX) is $0.002152. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated NDX to USD rate at the top of BTCC’s price page. In terms of market scope, Indexed Finance records a 24h trading volume of $4.86668 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $1.839283K. Its current circulating supply stands at 854.8K out of a maximum supply cap of ∞.
The price volatility of Indexed Finance (NDX) 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 (854.8K) 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, Indexed Finance (NDX) hit an all-time high (ATH) of $27.817292 on 2021-02-04 04:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at -- on 2021-11-16 07:45. 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 NDX 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 ($4.86668), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s NDXUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Indexed Finance, simply log into your BTCC account with USDT margin available, navigate to the NDXUSDT 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 NDXUSDT 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: $0.002152), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for NDXUSDT with zero financial risk.
Trading Indexed Finance (NDX) 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 NDXUSDT, and review its live price ($0.002152) 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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