# MX (MX) — crypto price, market cap and strength versus Bitcoin

> MX trades at $1.62 with a market capitalisation of $153M (rank 200). Over 90 days it is +11.9% against Bitcoin and sits below its 200-day average. Exchange Tokens as a theme is -3.1% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

## Agent research brief

- What this coin is: MX (MX), a Exchange Tokens token of $153M at market-cap rank 200. On-chain activity is sourced from protocol.
- What the tape says: +11.9% versus Bitcoin over 90 days; below its 200-day average. Exchange Tokens as a theme is -3.1% against Bitcoin over 13 weeks.
- What the evidence supports: 58.3/100 inside Exchange Tokens on 55% evidence (10% of it native activity). Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. MX does publish total value locked.

Theme: Exchange Tokens (/mla/crypto/sector/exchange-tokens). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

MX is -27.4% over one year, -8.2% over 90 days and -2.3% over 30 days. Annualised 30-day volatility is 10%. Its deepest fall from a high inside the last 90 days is 10%. It trades below its 200-day average, which is falling.

- Price: $1.62
- Market cap: $153.0M (rank 200)
- Returns: 7d -2.5%; 30d -2.3%; 90d -8.2%; 180d -15%; 1y -27%
- RS versus Bitcoin, 90d: +12%
- 30-day volatility: 10% annualised; deepest 90-day fall 10%
- 200-day average: $1.78, trading below it

## Protocol economics

MX publishes 1 of the six network-economics series this site tracks: total value locked. Total value locked at the latest complete quarter is $4.7B. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter.

- Total value locked: latest quarter $4.7B; change +221%; covered 13/20 quarters

## Research score

MX: 58.3/100 — Tape-led · on-chain proof incomplete; 20.4 + 17.5 + 10.0 + 10.4 = 58.3; evidence 55%; native evidence 10%; rank 6 of 20 rated Exchange Tokens coins
Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.

No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## Exchange Tokens scorecard

MX is one of 25 Exchange Tokens coins here, 20 of which carry enough evidence to be rated and ranked. MX ranks 6 of those 20 on 55% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.

- 1. OKB (OKB): score 68.2; evidence 55%; Tape-led · on-chain proof incomplete
- 2. WhiteBIT Coin (WBT): score 62.2; evidence 50%; Tape-led · on-chain proof incomplete
- 3. LEO Token (LEO): score 62; evidence 50%; Illiquid · research only
- 4. BNB (BNB): score 61.7; evidence 55%; Tape-led · on-chain proof incomplete
- 5. HTX DAO (HTX): score 58.5; evidence 42%; Tape-led · on-chain proof incomplete
- 6. MX (MX) [this coin]: score 58.3; evidence 55%; Tape-led · on-chain proof incomplete
- 7. XT.com (XT): score 51.9; evidence 50%; Tape-led · on-chain proof incomplete
- 8. Bitget Token (BGB): score 50.5; evidence 50%; Tape-led · on-chain proof incomplete
- 9. Gate (GT): score 49.9; evidence 55%; Illiquid · research only
- 10. NKYC Token (NKYC): score 45.9; evidence 55%; Illiquid · research only
- 11. NEXO (NEXO): score 45.6; evidence 55%; Tape-led · on-chain proof incomplete
- 12. BTSE Token (BTSE): score 43.8; evidence 50%; Illiquid · research only
- 13. Bit2Me (B2M): score 41; evidence 50%; Illiquid · research only
- 14. Cronos (CRO): score 39.1; evidence 69%; Tape-led · on-chain proof incomplete
- 15. KuCoin (KCS): score 39.1; evidence 55%; Illiquid · research only
- 16. bitcastle Token (BCE): score 34.4; evidence 50%; Illiquid · research only
- 17. HashKey Platform Token (HSK): score 34.3; evidence 55%; Illiquid · research only
- 18. BitMart (BMX): score 32.3; evidence 55%; Tape-led · on-chain proof incomplete
- 19. Global Commercial Business (GCB): score 31.7; evidence 50%; Illiquid · research only
- 20. MBG By Multibank Group (MBG): score 30.7; evidence 50%; Illiquid · research only

## Limitations

- 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.

## FAQs

### What is MX (MX)?

MX is a Exchange Tokens cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol. It is one of 25 Exchange Tokens coins on this site. Readings are as of 2026-07-31.

### What is the market cap of MX?

MX's market capitalisation is $153M, ranking it 200 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

### Is MX beating Bitcoin?

MX is +11.9% against Bitcoin over 90 days, and its own theme, Exchange Tokens, is -3.1% over 13 weeks. It trades below its 200-day average as of 2026-07-31.

### Does MX 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 MX's research score?

58.3/100 within Exchange Tokens, ranked 6 of 20 rated Exchange Tokens coins, on 55% evidence: 20.4 + 17.5 + 10.0 + 10.4 = 58.3. It is labelled “Tape-led · on-chain proof incomplete”. The score ranks research attention inside one theme, never portfolio action.

### How much MX 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 MX actually publishes. Here that is total value locked.

### Does MX generate total value locked?

MX's latest quarter total value locked is $4.7B, up 220.9% 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.