CyberDEX CYDX
Rank #1152 by market cap
Last 7 days
CM Profile: CyberDEX
Cryptominium Profile. What we have established, measured and written about CYDX, and what we have not.
- Measured
- Selling $100,000 of CYDX on Ethereum returned 67.9% less than the quoted price, on 9 October 2026.
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
- Not established
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold CYDX. How each part is worked out
What it actually costs to sell CYDX
Selling $100,000 of CYDX returned 67.9% less than the quoted price — Illiquid at this size. Measured 2026-10-09 on Ethereum.
What CyberDEX is
CyberDEX (CYDX) is a decentralised perpetual swaps trading platform that runs on Optimism. It is built on top of Synthetix, using that protocol's liquidity model to let traders open leveraged positions in derivatives markets.
The mechanism relies on Synthetix's debt pool, a shared reserve of liquidity that fills orders near the quoted price with limited market impact, rather than matching individual buyers and sellers directly. Trades are settled against sUSD, a stablecoin quoted against synthetic versions of underlying assets. Prices for those synthetics are fed in by decentralised oracles, specifically Chainlink and Pyth, rather than derived from order-book activity on the platform itself.
CyberDEX is not an independent trading venue in the conventional sense: it has no order book of its own and no isolated liquidity pool — it inherits Synthetix's shared debt pool, meaning its execution quality and solvency are tied to that protocol's health, not just its own. It is categorised as DeFi, derivatives, and part of the Ethereum ecosystem, and is deployed on a single chain, so it carries the concentration and bridging risk that implies rather than the resilience of a multi-chain deployment. The source describes the mechanics of trade execution but says nothing about who built the platform, when it launched, or how it is governed — none of that can be inferred here. Traders should treat sUSD's peg and the oracle feeds as dependencies, not guarantees: the model's low-slippage claim rests entirely on the depth of the underlying debt pool at any given moment, which is not something this description measures.
Where CYDX lives
On Ethereum, Base and BNB Chain, GoPlus's analysis of each contract is read weekly: whether it has a function to block addresses or pause transfers, and whether an owner holds it. That is GoPlus's reading, not ours. Where a token exists on several chains, one copy's settings say nothing about the original coin.
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
CyberDEX data synced 67s ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell CYDX.