7D price · CoinGecko market data.
| Exchange | Pair | 24h Volume | Spread | Trust |
|---|
| Ourbit | CYDX/USDT | $14.92K | 3.17% | TRADE |
Top 1 exchanges by 24h trading volume. BlockInsider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
CyberDEX is a decentralised perpetual swaps trading platform functioning on Optimism. The exchange is powered by Synthetix which - by its unique model - allows traders to tap into huge liquidity pools and carry out trades with minimum slippage and market impact.
This is done by leveraging Synthetix debt pool (a massive pool of liquidity) that ensures execution in size at the closest price level to the order with minimal impact to the markets traded. This model is sustained by the liquid and immutable stablecoin, sUSD, which is quoted against the tradable synthetic assets with their prices matching the underlying assets using decentralised data oracles such as “Chainlink” and “Pyth”.
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