Nexus
Stablecoin Profile
Nexus (NEX) is an algorithmic stablecoin — its USD peg is maintained by on-chain protocol mechanics rather than off-chain reserves. $5.2K is currently in circulation across 2 blockchain networks. The mechanism adjusts supply (mint and burn) in response to market price deviations from the target peg.
About Nexus (NEX)
Nexus (NEX) is a revolutionary decentralized finance (DeFi) project that introduces a unique combination of security, scalability, and stability to the Ethereum network and Layer 2 solutions.
Users can trade their NEX token on a uniswap pool.(no redeem process)
Recent supply activity
Nexus (NEX) supply was unchanged in the last 24 hours, was unchanged over the past week, and was unchanged over the past 30 days.
Steady issuance: supply has held roughly flat (0.00% over 30 days), consistent with mature stablecoin liquidity dynamics.
Supply History
Network distribution
Nexus circulates across 2 blockchain networks. Ethereum hosts the largest share at 50.67%, followed by Arbitrum at 49.33%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Chain | Supply | Share | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Ethereum | $2.6K | 50.67% | 0.00% | 0.00% |
| Arbitrum | $2.6K | 49.33% | 0.00% | 0.00% |
Peg stability history
Nexus (NEX) relies on protocol-level supply rebalancing rather than direct asset redemption to defend its 1.00 USD peg. The spot price is currently $0.9999 (-0.010% deviation). Algorithmic designs carry materially higher peg-failure risk than reserve-backed stablecoins — the May 2022 Terra/UST collapse remains the canonical reference case.
How algorithmic stablecoins defend their peg
Algorithmic stablecoins attempt to balance supply and demand through protocol-level mint/burn incentives — typically against a paired governance or seigniorage token. When the price drops below $1.00, the protocol burns supply (often by letting holders swap into a discounted asset); when it rises above $1.00, the protocol mints new tokens. This design only holds when the paired asset retains independent demand. If the market loses faith in the paired asset, the feedback loop reverses and produces a hyperinflationary "death spiral" — the failure mode that wiped out roughly $60B in the Terra/UST collapse.
Practical implications for holders
- Peg-failure tail risk is materially higher than reserve-backed designs. Position sizing should reflect this — algorithmic stablecoins are not a "cash equivalent" for risk-management purposes.
- Read the latest collateralisation ratio carefully: many "algorithmic" stablecoins have since migrated to partial or full collateralisation. The label can lag the actual mechanism.
- Reflexive feedback loops mean small redemption pressure can cascade. Exit liquidity should be assessed during normal conditions, not after stress begins.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (algorithmic) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Contract addresses
Nexus (NEX) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Chain | Contract address | Verify |
|---|---|---|
| Ethereum | 0x92211b6B68a39F4f68E722f3A3A4810A2Ebc8383 | Explorer |
Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.
Compare Nexus to other algorithmic stablecoins
Below are the largest algorithmic stablecoins tracked on Mantapex alongside Nexus (NEX). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Supply | Mechanism | Chains |
|---|---|---|---|
| Frax (FRAX) | $212M | algorithmic | 22 |
| Bean (BEAN) | $33.4M | algorithmic | 1 |
| Neutrino USD (USDN) | $31.1M | algorithmic | 4 |
| SpiceUSD (USDS) | $18M | algorithmic | 4 |
| Mento Dollar (USDm) | $16M | algorithmic | 5 |
Across mechanism classes
If you're researching NEX as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.
Peg Stability
Chain Distribution
Resources & data sources
Nexus (NEX) is tracked across major crypto data providers. The links below open Nexus (NEX)'s pages on CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Recent Nexus news
Latest reporting from major crypto news outlets covering Nexus.
- Bitcoin
FG Nexus Dumps 36,025 ETH as Ethereum Treasury Losses Top $85M
FG Nexus has lost more than $85 million on its ethereum treasury strategy after buying ETH near last year's highs and selling much of the position at lower prices. The losses…
- Crypto Economy
FG Nexus Dumps Another $17.8M in Ether, Pushing Total Losses Beyond $100M
Fresh Sale: FG Nexus moved another 10,000 ETH worth $17.8M, extending a broader selloff that began after its 2025 accumulation. Deep Losses: The company bought 50,770 ETH at…
- AMBCrypto
FG Nexus spends spends $196 mln on Ethereum, loses $85 mln – Details
After acquiring over 50K ETH near the market peak, what led to FG Nexus facing a steep eight-figure loss?
- Crypto news
FG Nexus offloads 10,000 Ethereum as treasury losses exceed $100M
FG Nexus has transferred another 10,000 Ether worth about $17.8 million, extending a series of treasury sales that have reduced its Ethereum holdings as the asset trades more than…
- Dailycoin
Bitmine Plans ETH Treasury Raise, FG Nexus Faces $85M Loss
Ethereum treasury strategies diverge as Bitmine raises capital while on-chain data signals large losses at another firm.
- Crypto Briefing
FG Nexus reports over $85M loss on Ethereum treasury bet
FG Nexus's Ethereum losses highlight the risks of concentrated crypto investments, prompting increased caution in corporate treasury strategies. FG Nexus reports over $85M loss on…
- Cointelegraph
FG Nexus offloads additional $17.8M Ether as losses top $100M
FG Nexus offloads another 10,000 ETH, pushing realized and paper losses above $100 million as the Ethereum treasury firm continues cutting exposure.
- Crypto Briefing
Google DeepMind's AlphaProof Nexus solves 9 Erdős problems and proves 44 sequence conjectures
AI-driven formal verification could revolutionize fields like cryptography and software auditing by making proof validation more efficient and cost-effective. Google DeepMind's…
Related stablecoins
Stablecoins comparable to Nexus by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Other algorithmic stablecoins
Stablecoins pegged to USD
Risk Warning
Stablecoins carry risks including de-pegging, regulatory changes, and counterparty risk. Always diversify and do your own research.