Idex (CRYPTO: IDEX) saw its token skyrocket today. Idex is a hybrid liquidity decentralized exchange combining an order book model with an automated market maker.

What Happened: CoinMarketCap data shows the Idex token's price increase by more than 151% from its 24-hour low of $0.1178 to a high of $0.2961, before settling at $0.2635 as of press time Wednesday. While this is an impressive price increase, even at today's peak the token's price is a far cry from its September 2021 value of $0.6898.

See Also: DECENTRALIZED EXCHANGES

Photo by John Schnobrich on Unsplash