Nexus Mutual
NXM#261 by market capNot covered. The criterion it missed: documentation found but no public code repository listed.
Nexus Mutual is for insurance. We have not written its record yet, so its promises are not checked. It trades at $63.35, #255 of all coins by size, 66% below its highest ever price.
This week Nothing changed on its record.
A real job. No dated promises on its pages. Nothing dated ahead. Biggest of 4 insurance coins. Nothing to be careful of on the record.
Is it real?
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1 of 4
- ✓A real-world jobReal-world purpose: insurance
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
No named backer
- Origin22 July 2020about about 6 yearsnexusmutual.io
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorNot on a big exchange we track
- Standing on the recordNo recordNo dated promise to judge yet2 headlines last month, 1 about government11,093 people keep it on a CoinGecko watchlistNo corrections needed so far
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?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Insurance
5 coins tagged Insurance, worth $202.14M together. #1 of 5 by worth.
Insurance: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Nexus Mutual$106.36Mthis coin−2.1%no maxno record
RE$69.15M1.5× smaller, −$37.21M+2.0%, gap +4.016% outno record
Re Protocol reUSDe$20.21M5.3× smaller, −$86.16M−0.4%, gap +1.7no maxno record
inSure DeFi$5.84M18.2× smaller, −$100.53M−0.5%, gap +1.630% outno record
Insurance: this coin next to RE, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Nexus Mutual says
- Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain.
- RE says
- Re is an internet-native marketplace for insurance capital.
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.
Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain, currently covering all the main defi protocols.
Problem it says it solves: insurance. 5 coins are working on it and together they are worth $202,140,257. This coin is 53% of that.
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?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $185.97 on 10 November 2021. Today is 34% of that.
100%
of all NXM that will ever exist is already out in public hands: 1.68M coins.
Nothing is held back. Every coin is already out.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
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.
- 1.68Min circulation of 1.68M total. No hard maximum is set, so more can be created.
- of its all-time high of $185.97 on 10 November 2021. That is −65.9% from the top.
- #255by market cap, $106,364,250.
- 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.
- $109.28M is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
2 headlines named this coin in the last month.
What they were about
- Lawsuit1
- Crypto Insurance in 2026: What's Covered, What Isn't
- Domain investor files lawsuit after losing $53k domain in UDRPGovernment
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.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy