The current real-time price of USDN is $1.002. In the past 24 hours, USDN has traded between $0.9883 and $1.023, showing strong market activity. The all-time high of USDN is $1.054, and the all-time low is $0.9537.
From a short-term perspective, the price change of USDN over the past 1 hour is , over the past 24 hours is -0.82%, and over the past 7 days is +0.63%. These figures provide a quick overview of the latest price trends and market dynamics of USDN on LBank.+0.16%
The live price of USDN today is $1.002, with a current market cap of $1.743M. The 24-hour trading volume is 11K. The price of USDN to USD is updated in real time.
Before deciding whether to buy or sell USDN, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s USDN technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for USDN.
How much will USDN be worth tomorrow, next week, or next month in ? What about your USDN assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! USDN Price Prediction
To learn more about USDN, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x9999...cb1af9  | 572.306K | 32.89% |
ethereum | 0x8295...49269b | 211.105K | 12.13% |
ethereum | 0xd029...2d88a0 | 125.374K | 7.21% |
ethereum | 0xb6af...d1ebaf | 77,869 | 4.48% |
ethereum | 0x8a42...8d288e | 50,854 | 2.92% |
Other | 702.558K | 40.38% |
Unlike centralized stablecoins backed by bank reserves, SmarDex USDN is a synthetic dollar backed by ETH. It utilizes a mathematical Delta-Neutral strategy to maintain its value. While traditional stablecoins typically act as static stores of value, SmarDex USDN is designed to generate native yield for holders through protocol mechanics rather than remaining as a passive asset.
No. It is important to distinguish this protocol from the older Neutrino USD (USDN) associated with the Waves project. SmarDex USDN is a completely new protocol launched in late 2024. It operates on entirely different architectural principles and is not affiliated with the previous Waves-based project that experienced a failure.
The protocol balances Vault Participants, who effectively take short positions on ETH by minting USDN, against traders opening leveraged long positions. These opposing forces cancel out price volatility to keep the net value stable. Stability is further maintained via rebasing and funding rates; if the price deviates from $1, incentives are adjusted to encourage market actions that restore the peg.
USDN is the base synthetic dollar using a rebasing mechanism, where yield causes your wallet balance to grow automatically. WUSDN (Wrapped USDN) is a non-rebasing version where the token's value increases relative to USDN, facilitating easier integration with other platforms. veWUSDN is the governance version obtained by locking WUSDN, providing users with voting power and boosted reward opportunities.
The yield is generated from three distinct sources: funding rates paid by traders in long positions, native staking rewards from the underlying ETH-based collateral (such as liquid staking tokens), and fees accumulated from protocol operations. This multi-stream revenue model allows the protocol to distribute rewards to its holders.
This temporary deposit is a mandatory security feature used during minting, redeeming, or opening positions. It ensures transactions are validated correctly against real-time price oracles while protecting the protocol from front-running attacks. The 0.15 ETH is fully refunded to the user's wallet after a brief validation period of approximately 24 seconds.
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