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 (APXUSD) is currently trading at $0.9886, down 0.1% over the last 24 hours, with a 24-hour trading volume of $716.3K.
The highest USD price recorded for apxUSD (APXUSD) is $1.004, reached on Apr 29, 2026.
The APXUSD price shown on this page is the most recent USD price OpenSea has recorded for apxUSD, updated as new market data is processed. Fully diluted valuation (FDV) is that price multiplied by the total supply of 289.1M APXUSD, so it reflects every token that exists rather than only the tokens in circulation.
apxUSD (APXUSD) has a market capitalization of $285.8M. The fully diluted valuation (FDV) is $285.8M, based on the total supply of tokens.
The 24-hour trading volume of apxUSD (APXUSD) is $716.3K, reflecting active market participation and liquidity.
The total supply of apxUSD is 289.1M APXUSD on the Ethereum network.
apxUSD (APXUSD) is available on the Ethereum blockchain. You can trade APXUSD on OpenSea by connecting a wallet that supports the Ethereum network.
apxUSD (APXUSD) is currently held by 1.88K wallet addresses, indicating the breadth of community participation and distribution.
You can buy apxUSD (APXUSD) directly on OpenSea. Simply connect your crypto wallet, search for APXUSD, and swap any supported token to acquire APXUSD instantly. OpenSea supports trading across multiple blockchains with no account registration required.
1. Connect your crypto wallet to OpenSea. 2. Search for apxUSD (APXUSD) or visit opensea.io/token/apxusd. 3. Select your preferred swap token and confirm the transaction.
