NEXO: price, market cap and how it did against Bitcoin
Bottom line
NEXO closed at $0.772 on 4 November 2026, with a market capitalisation of $771.6M (rank 85) on 5 November 2026. On 30 October 2026 it was below its 200-day average of $0.8151, which is falling. Over 90 days it is 15.7 percentage points behind Bitcoin. Exchange Tokens as a theme is -10.3% against Bitcoin over 13 weeks.
Price
$0.772
as of 2026-11-04
Market cap
$771.6M
snapshot 2026-11-05
vs Bitcoin · 90d
−15.7 pts
as of 2026-10-30
30-day median volume
$4.4M
as of 2026-10-30
What it is · from the data we hold
What is NEXO?
NEXO is a crypto token that CoinGecko lists under exchange-based tokens, centralized exchange (CEX) token and alleged SEC securities. We place it in the Exchange Tokens theme, with 24 coins. Its highest daily close since 12 November 2021 was $3.44 on 15 November 2021; its lowest was $0.5226 on 15 October 2023.
01 · the tape, against its benchmark
How has NEXO moved against Bitcoin?
NEXO is -31.7% over one year, +7.6% over 90 days and -9.4% over 30 days. Annualised 30-day volatility is 22%. Its deepest fall from a high inside the last 90 days is 14%. It trades below its 200-day average, which is falling.
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do NEXO's returns and risk look like?
7 days-5.9%
30 days-9.4%
90 days+7.6%
180 days-15%
1 year-32%
30-day volatility22% annualised
Deepest 90-day fall14%
200-day average$0.8151 · below · falling
50-day average$0.8306
03 · what the protocol actually earns
Does NEXO generate fees or revenue?
NEXO publishes 1 of the six network-economics series this site tracks: total value locked. Total value locked at the latest complete quarter is $320.9M. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q3 2026 quarter.
Total value locked15 of 20 quarters
Latest quarter$320.9M-34%
Total value locked
Complete calendar quarters only. A blank quarter is unavailable, not zero. Network activity is evidence about the protocol, not earnings owed to the token.
04 · exact additive research priority
What does the evidence say about NEXO?
NEXO scores 40.1 out of 100 inside Exchange Tokens, ranked 12 of 18 rated coins on 55% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
What it means: Mostly a price reading: less than half of this score rests on the network's own use (fees, users, deposits), so it says little about the project itself yet.
9.0/35Price leadership
vs Bitcoin (90 days): −15.7 pts · vs its theme (30 days): −0.2 pts · below its 200-day average
100% evidence
12.8/30Usage growth
Fees — · revenue — · users —
17% evidence
10.0/20Value capture
Fee yield — · revenue yield —
0% evidence
8.3/15Liquidity & risk
Typical daily trading: $4.4M · price swings: 22.5% a year
100% evidence
This weakens if: The read weakens if 90-day strength against Bitcoin falls below zero with two weekly closes below the 200-day average, or native activity contracts for two complete calendar quarters.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all, only a dated current snapshot, so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does NEXO compare with other Exchange Tokens coins?
NEXO is one of 24 Exchange Tokens coins here, 18 of which carry enough evidence to be rated and ranked. NEXO ranks 12 of those 18 on 55% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.
The Exchange Tokens scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full Exchange Tokens page.
NEXO is number 58 by market cap among the 604 coins with a page on this site. The 4 just larger and the 4 just smaller are listed here, each with its theme, so the comparison crosses themes. Market cap is the snapshot dated 2026-11-05.
This page names 5 ways its own evidence about NEXO can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-11-04; market capitalisation is a separate snapshot dated 2026-11-05.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsPrice through 2026-11-04; moving averages and returns through 2026-10-30, from exchange closes; moving averages are computed, never scraped.
Protocol activityThrough 2026-10-30, for the series this token publishes.
Market capSnapshot dated 2026-11-05; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 8 answers cover the questions this page can settle from data it holds: what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is NEXO?
NEXO is a crypto token that CoinGecko lists under exchange-based tokens, centralized exchange (CEX) token and alleged SEC securities. We place it in the Exchange Tokens theme, with 24 coins. Its highest daily close since 12 November 2021 was $3.44 on 15 November 2021; its lowest was $0.5226 on 15 October 2023.
What is the market cap of NEXO?
NEXO's market capitalisation is $771.6M, ranking it 85 in the top-1,000 crypto universe, read on 5 November 2026. It is refreshed separately from the daily price.
Is NEXO beating Bitcoin?
Over 90 days NEXO is 15.7 percentage points behind Bitcoin: its own return minus Bitcoin's. Its theme, Exchange Tokens, is -10.3% against Bitcoin over 13 weeks. NEXO trades below its 200-day average as of 4 November 2026.
What is NEXO's highest price?
The highest daily close we hold for NEXO is $3.44, on 15 November 2021, in records from 12 November 2021. The lowest is $0.5226, on 15 October 2023. The close on 4 November 2026, $0.772, is 78% below that high.
Does NEXO have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
What is NEXO's research score?
40.1/100 within Exchange Tokens, ranked 12 of 18 rated Exchange Tokens coins, on 55% evidence: 9.0 + 12.8 + 10.0 + 8.3 = 40.1. It is labelled “Thinly traded”. The score ranks research attention inside one theme, never portfolio action.
How much NEXO history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics NEXO actually publishes. Here that is total value locked.
Does NEXO generate total value locked?
NEXO's latest quarter total value locked is $320.9M, down 33.6% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.