Trading activity:
Reported 24-hour volume equals 0.07% of market capitalization. The local markets snapshot lists SmarDex among venues with observed trading activity.
YearBull indicators:
YearBull Rank #2,241. Bull Score 66/100.
YB Market Risk Low. This relative market-volatility label is not an investment-safety assessment.
Cycle Early. Observed price change: 24h 1.59% · 7d 3.23% · 30d 4.07%.
Values are descriptive and should be read together rather than as a price forecast.
Read the YearBull methodology.
Snapshot date: 2026-10-27.Data history: 45 daily observations available in the latest 90-day window.
Methodology responsibility:
YearBull’s analytical methodology and presentation rules are developed and maintained by
Alan Zelvin, Founder & Lead Crypto Researcher.
This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.
What is SMARDEX WRAPPED USDN (WUSDN)?
Source description
“wUSDN, or wrapped USDN, is an ERC-20 token that serves as a value-accruing wrapper for USDN within the SmarDex ecosystem. Unlike USDN, which employs a rebase mechanism to distribute yields by adjusting token balances, wUSDN maintains a constant token balance while its value appreciates over time. Internally, wUSDN represents a user’s share of the total USDN supply, allowing holders to benefit from USDN’s yield generation without experiencing balance fluctuations.”
This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.
Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.
SMARDEX WRAPPED USDN (WUSDN) FAQ
How does wUSDN accrue value without changing the holder’s token balance?
wUSDN is presented as a value-accruing wrapper for USDN. Rather than increasing or decreasing the number of tokens held in a wallet, its model keeps the balance constant while the value represented by each holding appreciates over time. This approach is intended to let holders participate in USDN’s yield generation without seeing balance changes caused by rebasing.
How does wUSDN differ from USDN’s rebase mechanism?
The project distinguishes the two tokens by how yield is reflected. USDN uses rebasing, which adjusts token balances to distribute yield. wUSDN instead maintains a fixed token balance and expresses accumulated value through appreciation. In practical terms, a holder’s quantity of wUSDN does not fluctuate under the stated model, while the value represented by that holding can increase.
What does a wUSDN token represent within the SmarDex ecosystem?
Each wUSDN holding is described as representing a user’s share of the total USDN supply. This share-based structure allows the wrapper to track participation in USDN’s yield-generating system while using a different balance model. The token therefore functions as an ERC-20 representation of an underlying position connected to USDN within the SmarDex ecosystem.
Why might a holder use wUSDN instead of holding a rebasing token directly?
The project positions wUSDN as an alternative for users who want exposure to USDN’s yield generation without fluctuating wallet balances. Because the wrapper is described as maintaining a constant number of tokens while value accrues, it may offer a simpler accounting experience for applications or holders that prefer fixed balances. The project does not specify additional benefits beyond this stated design.
SMARDEX WRAPPED USDN metric comparison
This comparison is a stored snapshot generated 2026-10-23 06:31 UTC from 73 daily observations available from 2025-12-30 through 2026-10-23. It is separate from the latest analytical cards above. Percentiles compare the snapshot value with that day's analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.
Metric
Snapshot
30d before
90d before
Change vs 30d
Universe percentile
Price
$1.24
$1.23
$1.15
+0.8%
n/a
Market cap
$114.4K
$119.0K
$426.4K
-3.8%
P36.6
YearBull Rank
n/a
#8,534
#835
n/a
n/a
Bull Score
n/a
50/100
73/100
n/a
n/a
Turnover
0.01%
0.04%
1.03%
0.0 pts
P9.2
YB Market Risk
n/a
Low
Low
n/a
n/a
Cycle
n/a
Mid
Early
n/a
n/a
Median absolute daily movement 0.84%; distance from the highest local daily price -6.1%; circulating supply change -87.9%. These measurements are descriptive and do not predict future direction.
YearBull Rank timeline
Newest YearBull Rank value for smardex-wrapped-usdn: #2241.
Rank timeline (last 365 days)
Rank movement (time windows).
Reading rule: rank #120 sits higher than rank #200.
7d window (2026-10-20): #3377 → #2241 (up by 1136).
30d window (2026-09-27): #8241 → #2241 (up by 6000).
Stability posture: the same move can be stable in one market and fragile in another.
Flow read: peer movement can shift relative placement even without news.
Venue angle: a tightened venue set can reduce variance or increase it.
Market phase: a quick bounce can still be a mean-reversion phase.
YearBull Rank is a relative ranking on YearBull designed to compare coins on a common scale and time window. Lower rank numbers indicate stronger placement in the current snapshot. It is best read as relative context across time windows, not as a guarantee.
Editorial note:
This analysis was prepared by the YearBull research team under the direction of
Alan Zelvin,
Founder and Lead Crypto Researcher.
The assessment follows YearBull’s internal research methodology and editorial standards.
Methodology ·
Editorial Policy
Related Research
Continue with contextually connected profiles and category data:
Stored venue snapshot. Markets last checked: 2026-07-27. Updated on a rolling basis; no fixed refresh date is promised. Venue listings and volumes are stored snapshots, not live quotes.
