CoinEx

CoinEx Token (CET) is the native token of CoinEx Chain, a public blockchain launched with a mainnet in November 2019 and designed specifically to support a decentralized exchange. The project aims to let users trade digital assets in a non-custodial setting, meaning they keep control of their funds rather than depositing them with a central operator. CET was first issued in January 2018 and serves as the foundational currency within that ecosystem.

CET lives on CoinEx Smart Chain (CSC), which the stored data identifies as the underlying chain for its fundamental metrics. The token is used to pay for activity within the network, including transaction and trading fees on the decentralized exchange. The consensus algorithm and block time are not recorded in the stored data, so a mechanical description of block production cannot be provided beyond what is known.

The protocol generated fees of approximately $1.18 over the most recent 24-hour period, $8.56 over the trailing 7 days, $35.23 over the trailing 30 days, and $1,443.04 over the trailing 12 months, producing an annualized fee rate of roughly $428.63 extrapolated from the trailing 30 days. Revenue for the 24-hour period, the trailing 30 days, and the trailing 12 months is recorded as zero, indicating that the protocol retains none of the fees it collects rather than directing any portion to a treasury or token holders. Fee growth over the last 30 days stands at 10.28 percent, but the absolute dollar amounts involved are very small. Total value locked sits at $188,100.97, and at a market-cap-to-TVL ratio of roughly 148, the market capitalization is substantially larger than the assets secured on-chain.