As ETH ripped higher in recent weeks, NXM followed suit. Over the past 30 days the price of ETH increased +88% while NXM and wNXM rose +90% and +84%, respectively. The reason for this lock-step appreciation across assets is due to Nexus’ capital pool, which is almost entirely comprised of ETH. As the value of ETH held in, and controlled by, the protocol increased so did the token which has claim on it.
Nexus – A Sleeping DeFi Blue ChipJan 18, 2021 · 4 min read
Disclosure: Delphi Ventures and members of our team hold NXM positions. This is statement is intended to disclose any perceived conflict of interest and should not be misconstrued as a recommendation to purchase NXM. This is not investment advice.
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