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Mantapex
NEX
NEX
-Derivatives
Audited
DeFiLlama Derivatives·$149 TVL·-0.61% 1h·+0.08% 24h·+10.94% 7d·2 chains

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Protocol TVL

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About NEX

NEX aims to maximize the synergy of combining the advantages of DEX with CEXs’ seamless user experience. Supporting zero price-impact trades and minimal slippage with the use of oracle price feeds, NEX optimizes trading and swaps processes for any trader. NEX’s unique multi-asset liquidity pool empowers investors to hedge their portfolios and earn additional APR.

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Security & Audits

Audited by external firms
2 audits
Audit reports
github.com/NEX-market/nex-contracts/blob/d6688b13eab7dcc731a2143c5c4fbd6c1af257bd/audits/NEX_Audit_Report_by_WatchPug.pdf
Price oracles
Flux· Primary

Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.

NEX Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Aug 18, 2022
    Listed on DeFiLlama

Protocol Profile

NEX is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed across 2 chains, including Optimism, Aurora. The codebase has been independently audited (1 report on file).

TVL Distribution by Chain

TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.

Optimism
$140.7(94.5%)
Aurora
$8.2(5.5%)

Supported Chains

Optimism Aurora

Protocol Footprint

NEX operates on 2 networks (Optimism, Aurora), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Optimism, which holds 94% of all assets — other deployments are comparatively small. Price feeds come from a single oracle provider (Flux); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Official Resources & Links

Verified external resources for NEX — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Twitter / X — @nex_market
twitter.com

Other Derivatives protocols on Mantapex

NEX is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure $2.3B in deposits, giving you a frame of reference for whether NEX's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange
Jupiter Perpetual Exchange
TVL $910.6M · 24h -0.27%
Hyperliquid HLP
Hyperliquid HLP
TVL $431.7M · 24h +0.11%
Drift Trade
Drift Trade
TVL $334.4M · 24h +0.22%
GMX V2 Perps
GMX V2 Perps
TVL $267.5M · 24h -0.08%
Extended
Extended
TVL $196.4M · 24h +0.06%
dYdX V4
dYdX V4
TVL $125.3M · 24h +0.58%
Browse all Derivatives protocols on Mantapex

Recent NEX news

Latest reporting from major crypto news outlets covering NEX.

Related protocols

Other DeFi protocols connected to NEX by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

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