Apyx is the first Dividend-Backed Stablecoin protocol. It acquires preferred equity issued by Digital Asset Treasuries (DATs), which are publicly-listed companies that hold digital assets on their balance sheets and issue preferred shares paying monthly cash dividends. Apyx holds these preferred shares as collateral and converts the offchain dividend cash flows into onchain yield.
The protocol has two tokens. apxUSD is a synthetic dollar backed by over 100% collateral in DAT preferred shares. It does not pay yield directly and is designed to provide liquidity across DeFi and CeFi. apyUSD is an ERC-4626 vault where users lock apxUSD to receive enhanced yield from the underlying dividend streams. As dividends are distributed, apyUSD increases in value relative to apxUSD over time.
The protocol manages risk through daily NAV reporting, auto-rebalancing based on issuer concentration and liquidity thresholds, stress testing across drawdown and rate shock scenarios, and a protocol-owned liquidity buffer that acts as additional overcollateralization. DeFi Development Corp. (Nasdaq: DFDV), the first SOL Digital Asset Treasury, is a core strategic partner.
apxUSD turned over $64,949 across the venues we index in the last 24 hours, which is 0.02% of its market capitalisation — a figure worth watching, because turnover well above its usual level tends to accompany the sharper moves.
The highest price our index has recorded is $0.9775 on Aug 27, 2026, leaving APXUSD −0.87% from that peak.
The lowest is $0.9593 on Aug 21, 2026, putting the price today +1.01% above that low.
Measured on Coinmico's own index since Aug 21, 2026, not on prices reported by someone else.
apxUSD is valued at $319,363,367, which ranks it #129 among the assets we track. It is the price of one coin multiplied by the 329,580,358 APXUSD in circulation.
At today's price, the full supply of 329,580,358 APXUSD would be worth $319,524,666. 100.00% of that supply is already circulating, so the rest is what dilution would still add.
Balances indexed by Blockscout on Ethereum; shares are measured against the supply issued on this chain and values are marked at our reference price. Updated 1h ago.
apxUSD (APXUSD) price has increased today.
The price of apxUSD (APXUSD) is $0.9690 today with a 24-hour trading volume of $64,949. This represents a 0.04% price increase in the last 24 hours and a 2.60% price increase in the past 7 days. With a circulating supply of 330 Million APXUSD, apxUSD is valued at a market cap of $319,363,367.
apxusd$0.9690+0.04%
Ethereum
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BNB Chain
