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APEX

APEX#599 by market cap

Not covered. The criterion it missed: documentation found but no public code repository listed.

APEX is for trading without a middleman. We have not written its record yet, so its promises are not checked. It trades at $0.2267, #582 of all coins by size, 94% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #13 of 49 perpetuals. 1 reason to be careful.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow
1named backersDragonFly Capital
2 yearson the marketsince 19 October 2023

Reasons to be careful:Half the supply still to come

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Passes all four

  • A real-world jobReal-world purpose: trading without a middleman
  • Real backingBacking: backed by DragonFly Capital; trades on Bybit
  • Something aheadAhead: news this month about partnership
  • Room to growRoom: worth $35.12M, 53 times smaller than Aster, the biggest coin within reach doing the same thing (Perpetuals)

Backed by DragonFly Capital

  • Origin19 October 2023about about 2 yearsapex.exchange
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
  • BackingDragonFly CapitalInvestor tags from CoinGeckoListed on Bybit
  • Standing on the recordNo recordNo dated promise to judge yet4 headlines last month, 1 about governmentNo corrections needed so far
Why it is worth a look
  • Real-world purpose: trading without a middleman
  • Backing: backed by DragonFly Capital; trades on Bybit
  • Ahead: news this month about partnership
  • Room: worth $35.12M, 53 times smaller than Aster, the biggest coin within reach doing the same thing (Perpetuals)
The gap, and what to do

It is already worth more than the typical coin in Perpetuals ($9.05M). To match the leader, Aster ($1.86B), its price would need to rise 5186%, to about $11.98.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • Listed on fewer than two big exchanges (Bybit)
  • Only 4 headlines named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#13of 49 perpetualsthe typical one is worth $9.05M
$35.12Mworth todayprice × coins out
$9.05Mthe typical rival is worthPerpetuals
$1.86Bthe leader is worthAster
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Trading without a middleman

121 coins tagged Decentralized Exchange (DEX), worth $32.71B together. #29 of 121 by worth.

Perpetuals: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • APEX$35.12Mthis coin−4.9%16% outno record
  • Aster$1.86B52.9× bigger, +$1.82B−1.1%, gap +3.834% outno record
  • Lighter$1.11B31.5× bigger, +$1.07B−2.8%, gap +2.225% outno record
  • Jupiter$773.22M22.0× bigger, +$738.1M−0.8%, gap +4.133% outno record
  • PancakeSwap$728.18M20.7× bigger, +$693.06M−0.2%, gap +4.780% outno record
  • Raydium$370.88M10.6× bigger, +$335.76M−1.4%, gap +3.649% outno record
  • Derive$140M4.0× bigger, +$104.88M−1.6%, gap +3.367% outnone dated
  • Genius$101.58M2.9× bigger, +$66.46M+0.6%, gap +5.534% outno record
Same job, different how

Perpetuals: this coin next to Aster, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

APEX says
ApeX Protocol is one of the leading decentralized exchanges (DEX) redefining the way users trade and earn in crypto.
Aster says
Aster is a next-generation decentralized perpetual exchange that combines non-custodial trading with advanced features like hidden orders and multi-chain support.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

ApeX Protocol is one of the leading decentralized exchanges (DEX) redefining the way users trade and earn in crypto. On ApeX, you can trade Perpetuals, Spot, Tokenized Stocks, and even join Prediction Markets — all while maintaining full control of your assets.

Problem it says it solves: trading without a middleman. 121 coins are working on it and together they are worth $32,710,303,538. This coin is 0% of that.

Where it trades: Bybit, Ourbit, BloFin, MEXC, BingX

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

1 reason to be careful

  • Half the supply still to come84% of the maximum supply is still to come
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Why is it this small?

Perpetuals: this coin next to the group's largest, Aster.

APEXAster
Years trading3 years12 months
Major exchanges19
Named backers10
Headlines, last month412
Promises deliveredno recordno record

What it says is different: ApeX Protocol is one of the leading decentralized exchanges (DEX) redefining the way users trade and earn in crypto. On ApeX, you can trade Perpetuals, Spot, Tokenized Stocks, and even join Prediction Markets — all…

It is 1.9% the size of Aster. On the facts above it is behind on major exchanges. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.

Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.

The homework: the coin itself, the news, the record

The coin itself

$0.2267price of one−4.9% today
94%below its highest ever$4 on 27 March 2024
16%of the supply is out155.05M coins
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The last 7 days

7 days ago: $0.2596now: $0.2267 (−12.6%)

Where today sits against its highest ever price

$0.2267

Highest ever: $3.83 on 27 March 2024. Today is 6% of that.

16%

of all APEX that will ever exist is already out in public hands: 155.05M coins.

84% (844.95M coins) is not yet created or held by the project. That is a majority. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Perks on its own exchange

Fee discounts and access on the exchange that issued it. Its demand follows that exchange.

  • Fee discounts and access on the exchange that issued it
$0.2267price of one
×
155.05Mcoins out
=
$35.12Mworth today, #582 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 16%of the maximum supply is in circulation: 155.05M of 1B.
  • 844.95Mcoins still to be released, 84% of the maximum. Releases can add selling pressure.
  • 3.2×fully diluted value versus today's market cap. The gap is coins not yet released.
  • 6%of its all-time high of $3.83 on 27 March 2024. That is −94.1% from the top.
  • #582by market cap, $35,119,792.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

What the news says

4headlines, last monththat name this coin
1about governmentregulation, courts, central banks
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Headlines per day, last 30 days

4 headlines named this coin in the last month.

What they were about

  • Partnership2
  • Regulation1
In the news
What people are talking about, last month:

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: documentation found but no public code repository listed.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy