Wrapped NXM (WNXM)

YearBull Rank i
#9202
Bull Score
49
YB Market Risk
Low
Cycle
Mid

Overview

Wrapped NXM (WNXM) market snapshot: Price $63.8800, market capitalization $25.40M, and reported 24-hour volume $5.74K. Inclusive source market cap rank #969.

Trading activity: Reported 24-hour volume equals 0.02% of market capitalization. The local markets snapshot lists Uniswap V3 (Ethereum), Bilaxy and Uniswap V2 (Ethereum) among venues with observed trading activity.

YearBull indicators: YearBull Rank #9,202. Bull Score 49/100. YB Market Risk Low. This relative market-volatility label is not an investment-safety assessment. Cycle Mid. Observed price change: 24h -4.36% · 7d -0.31% · 30d 13.85%.

Values are descriptive and should be read together rather than as a price forecast. Read the YearBull methodology. Snapshot date: 2026-09-20. Data history: 8 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 Wrapped NXM (WNXM)?

Source description

“NXM token itself is created solely for internal use within the Nexus Mutual protocol and all of its holders must go through KYC. As such, a wrapped version is created to allow more users to own the token without having to do KYC. In the meantime it also improves its liquidity outside the protocol’s bonding curve by being listed on exchanges such as Uniswap and Binance. To make use of the wNXM token, it first needs to be unwrapped into NXM by a registered member of Nexus Mutual. After it is unwrapped, wNXM becomes NXM and can be used as a normal token on the Nexus Mutual platform.”

This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.

Wrapped NXM (WNXM) project facts

  • Source tags: Crypto-Backed Tokens, Decentralized Finance (DeFi), Insurance, Wrapped-Tokens, Ethereum Ecosystem, Blockchain Capital Portfolio
  • Recorded networks: Ethereum

Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.

Wrapped NXM (WNXM) FAQ

Why was WNXM created alongside NXM?

The project states that NXM is intended for internal use within the Nexus Mutual protocol and that its holders must complete KYC. WNXM is presented as a wrapped alternative that allows a broader group of users to own exposure to the token without completing that process. This structure separates the transferable market version from the token used directly within the protocol.

How does WNXM relate to liquidity outside Nexus Mutual’s bonding curve?

WNXM is positioned as a way to improve liquidity beyond Nexus Mutual’s bonding curve. The project says the wrapped token can be listed on external exchanges, naming Uniswap and Binance as examples. This gives WNXM a market presence separate from the protocol’s native bonding-curve mechanism, although the project does not specify liquidity levels, trading conditions, or exchange availability over time.

What must happen before WNXM can be used as NXM within Nexus Mutual?

According to the project, WNXM must first be unwrapped into NXM. The conversion is described as requiring a registered Nexus Mutual member. Once unwrapped, the token becomes NXM and can be used as a normal token on the Nexus Mutual platform. The project does not specify the exact conversion procedure, timing, fees, or eligibility requirements for the registered member.

What role does Ethereum play in WNXM’s design?

WNXM is listed on Ethereum, where the wrapped token can circulate as a transferable asset outside the Nexus Mutual platform. This Ethereum deployment supports the project’s stated goal of enabling broader ownership and external-market liquidity while keeping direct protocol use tied to conversion into NXM. The project does not specify the token standard, smart-contract controls, or technical safeguards governing the wrapping process.

Wrapped NXM metric comparison

37 daily observations are available from 2025-12-30 through 2026-09-17. Percentiles compare the latest value with the same-day analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.

MetricCurrent30d ago90d agoChange vs 30dUniverse percentile
Price$62.84$56.11$56.11+12.0%n/a
Market cap$25.21M$25.84M$25.84M-2.4%P91.8
YearBull Rank#8,117#3,104#3,104Lower by 5,013P12.2
Bull Score56/10036/10036/100+20.0 ptsP71.0
Turnover1.66%0.30%0.30%+1.4 ptsP62.8
YB RiskLowLowLowUnchangedn/a
CycleMidEarlyEarlyEarly → Midn/a

Median absolute daily movement 2.04%; distance from the highest local daily price -23.0%; circulating supply change -16.8%. These measurements are descriptive and do not predict future direction.

YearBull Rank context

Latest available YearBull Rank for wrapped-nxm: #9202.

Rank timeline (last 365 days)

Rank movement (time windows).

Reading rule: lower numbers mean higher placement.

  • 7d window (2026-09-13): #8777 → #9202 (down by 425).
  • 30d window: no reference point available.

YearBull Rank is a comparative index on YearBull that helps contextualize a coin’s position versus others over time. Smaller numbers mean the coin sits higher in the YearBull list. It is a context signal for relative placement, not an outcome forecast.

Risk angle: a calm line with small steps can be healthier than spikes. If it moves only on certain days, it can be update cadence.

Cycle note: sideways periods still reshuffle relative placement. If both are flat, the coin may be tracking its peer basket.

Liquidity read: a steadier line can indicate steadier access. If the curve improves but won’t hold, treat it as flow-driven.

Exchange footprint: fragmentation can make rank more reactive. If rank can’t hold gains, it can be concentrated pressure.

Practical note: use 30d for context and 7d for current pressure.

Update date: 2026-09-20

Disclaimer: Not financial advice. Cryptocurrency investments carry high risk. DYOR.

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

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Wrapped NXM (WNXM) Markets

Venue refresh pending. Markets last checked: 2026-07-26. The next refresh is queued in the hourly updater. Venue listings and volumes are stored snapshots, not live quotes.
Exchange Top Pair Stored 24h volume (snapshot) Source Trust Rank
Uniswap V3 (Ethereum) WNXM/WETH $61.66K #174
Bilaxy WNXM/ETH $3.33K #240
Uniswap V2 (Ethereum) WNXM/WETH $1.28K #222
Bancor (V3) WNXM/BNT $371 #495
Bancor (V2) WNXM/BNT $103 #392

Listings are ordered by reported snapshot volume. Source Trust Rank is an external venue-quality signal; it is not an endorsement or a solvency guarantee.