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Nexus Mutual Price (NXM)

Market Cap

The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply (the total number of mined coins).

Market Cap = Current Price x Circulating Supply.
Volume 24h

Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.

Circulating Supply

Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.

Total Supply

The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones.

Total supply = Onchain Supply - Coins Removed from Circulation
Fully Diluted Valuation

The fully diluted market value is referring to a cryptocurrency's market cap when/if its total supply is issued.


Nexus Mutual Price Chart (USD)

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Nexus Mutual Price Update

Nexus Mutual price is $37.49 , up 9.28% in the last 24 hours, and the live market cap is $254.5M . It has a circulating supply volume of 6,789,012 NXM coins and a max. Supply volume of 6,789,012 NXM alongside $254.5M 24h trading volume.
The addresses and transactions of Nexus Mutual can be explored in and .
Nexus Mutual website is

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About Nexus Mutual

Nexus Mutual is an Ethereum-based decentralized insurance protocol that utilizes a co-insurance model. It aims to become an alternative to traditional insurance companies by providing insurance products to protect users against smart contract vulnerabilities.

NXM is Nexus Mutual’s native token that can be used to purchase insurance coverage and participate in Nexus Mutual’s governance process.

Check the Nexus Mutual current price, market cap, total supply, circulating supply, trading volume, historical statistics, etc., along with in-depth information on several of the biggest and fastest-growing cryptocurrencies on CoinStats, one of the best platforms in the crypto market.

CoinStats is a cryptocurrency research and portfolio tracker app that provides valuable information on cryptocurrency news and investment advice to help investors make better decisions.

Read on to learn everything you need to know about the Nexus Mutual platform and the NXM token.

What Is NXM

Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain to share risks in a distributed manner without the need for centralized intermediaries. The platform acts as a mutual and is managed by its community members, who pull their funds together to create a risk-sharing pool and protect against vulnerabilities in the crypto space.

The Nexus Mutual platform is structured as a decentralized autonomous organization (DAO) owned by its members. The Nexus Mutual DAO holds members' funds in a risk-sharing pool and uses these funds to pay out claims. The Nexus Mutual community must assess and accept coverage proposals and fund the pools that ensure coverage.

To become a Nexus Mutual member, you need to pay a one-off membership fee of 0.0020 ETH (~ $5.45) and verify your identity through a KYC (Know Your Customer) process. Membership allows you to purchase and hold Nexus Mutual’s native token, NXM.

Nexus Mutual is an alternative to heavily centralized insurance companies driven by premiums, profit margins, and reinvestment. Moreover, it aims to disrupt the insurance industry by incentivizing its members to participate in Governance, Claims Assessment, and Risk Assessment.

Nexus Mutual Token


The Nexus Mutual token is the governance token for the Nexus Mutual Protocol. NXM can only be purchased on the Nexus Mutual platform and transferred between Nexus Mutual members. The token represents governance rights and is used to buy insurance cover, vote on governance decisions, and participate in risk and claims assessment.

The Nexus Mutual price is determined by a special mathematical curve known as the token binding curve. The price changes in accordance with the mutual capital, compared to the amount of capital the mutual needs to fulfill its existing liability across claims. The price of NXM increases when the mutual is sufficiently capitalized and decreases when it requires more funds.

Risks Covered by Nexus Mutual

Nexus Mutual initially launched with only one type of coverage: Smart Contract Cover, which protects against smart contract bugs and hacks. As billions of dollars in value are executed through smart contracts, so managing risk becomes an urgent challenge. If an exploit occurs during the insurance period, and Nexus Mutual members agree that the failure is with the smart contract, then Nexus pays the claim.

Presently Nexus Mutual can cover any valid smart contract on Ethereum.

Nexus Mutual has been developing to cover other forms of risks in the blockchain system.

You can pay for cover using ETH, DAI, or NXM.

NXM Founders


Nexus Mutual was founded by Hugh Karp in 2017 to create a decentralized alternative to traditional insurance. Karp has 15 years of experience as an insurance professional and actuary. He held top positions in the insurance sector and was once the CFO for a global reinsurers’ Life operations in the UK. He’s been a blockchain enthusiast since 2011 and has spent the past few years building Nexus Mutual, which has now written over $237m in active cover, covering over 3% of the total value locked in DeFi.

Hugh Karp proudly states on his LinkedIn profile that his mission is to make blockchain and insurance work together. Nexus Mutual is registered in the United Kingdom as a limited by guarantee business.

How Does NXM Work

The NXM token can only be purchased on the NXM platform. However, you can trade on wrapped NXM (WNXM).

The Minimum Capital Requirement (MCR) for NXM determines the availability of capital on the mutual for the payment of all present claims. A higher MCR indicates that the Capital pool of the mutual has more funds, and there’s a greater probability of paying all the claims. Moreover, an increase in the Capital pool increases the price of NXM held by the mutual members bringing more success for the platform and benefits to the members.

NXM is currently used only to insure against smart contracts vulnerabilities.

How to Buy NXM Token

The NXM token is different from regular cryptocurrencies traded on crypto exchanges. Users can only buy it on the Nexus Mutual platform.

You can, however, buy WNXM, Wrapped NXM, with another cryptocurrency on decentralized exchanges. You’ll need first to purchase Ethereum (ETH) and then use ETH to buy WNXM. You'll need a self-custody wallet to do so.

No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions. No content on our site is meant to be a solicitation or offer.

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