EVX—also known as Everex—is a cryptocurrency that emerged during the 2017 Initial Coin Offering (ICO) boom with a mission to revolutionise cross-border payments and financial inclusion. This guide cuts through the marketing to explain what EVX actually is, how to assess its current standing, and what pitfalls to avoid when considering this digital asset.
EVX is the native utility token of Everex, a decentralised application built on the Ethereum blockchain. Everex was launched in 2017 as a blockchain-based capital transfer system designed to enable financial inclusion for unbanked and underbanked populations worldwide[reference:2].
The platform facilitates peer-to-peer (P2P) payments, currency exchanges, and micro-lending services. Everex uses stablecoins pegged to fiat currencies to minimise volatility, while EVX serves as the "fuel" for the platform's reward system and can also be used to improve users' credit scores[reference:5][reference:6].
Understanding Everex's value proposition requires looking at its core offerings:
Everex aims to make international money transfers faster and cheaper than traditional banking channels. The platform uses stablecoins to settle transactions within seconds.
The platform targets small and medium-sized enterprises (SMEs) that face high fees and slow processing times with traditional banks.
Everex offers digital IBANs for EU/UK businesses and corporate cards that support stablecoin payments—features designed for real-world business use.
The platform integrates with CeFi and DeFi partners to offer interest-bearing accounts on stablecoin deposits.
The EVX token itself is used for:
A clear understanding of EVX's token supply and distribution is essential for any evaluation.
| Metric | Value |
|---|---|
| Total Supply | 25,000,000 EVX |
| Circulating Supply | ~22,700,000 EVX (as of mid-2026) |
| Maximum Supply | Not explicitly capped; total supply appears fixed at 25M |
| Blockchain | Ethereum (ERC-20)[reference:20] |
| Contract Address | 0xf3db5Fa2...cbe4813b8 |
| ICO Year | 2017 — raised ~$25.8M |
EVX's market performance tells a story of dramatic rise and fall—a pattern common among 2017 ICO-era projects.
EVX is listed on a handful of exchanges, including KuCoin and HTX. However, many of these listings may have low liquidity, meaning large orders can significantly move the price.
Note: Exchange listings, prices, and volumes change constantly. Always check live data from multiple sources before making any decisions.
If you are considering EVX—whether for trading, research, or curiosity—here is a structured evaluation framework:
To put EVX in perspective, here is how it compares to two major players in the cross-border payments space.
| Feature | Everex (EVX) | Ripple (XRP) | Stellar (XLM) |
|---|---|---|---|
| Primary Use Case | Cross-border payments, SME focus | Bank-to-bank settlements | Cross-border payments, financial inclusion |
| Market Cap (approx.) | $87K–$355K[reference:34] | Billions of USD | Billions of USD |
| Liquidity | Very low | High | High |
| Ecosystem Development | Limited, minimal updates | Extensive partnerships with financial institutions | Strong developer community and partnerships |
| Regulatory Clarity | Uncertain | Ongoing legal challenges (SEC) | Relatively clearer |
| Token Standard | ERC-20 (Ethereum) | Native (XRP Ledger) | Native (Stellar Network) |
Note: Market capitalisation and liquidity figures are approximate and change rapidly. Always verify current data.
Use this checklist before engaging with EVX in any way.
Scenario: You are a researcher who wants to test EVX with a small amount. You decide to allocate $100 to EVX to understand the process and market dynamics.
Outcome: You gained first-hand experience with a low-liquidity altcoin. The exercise confirmed that EVX is not suitable for large positions or short-term trading due to execution risk.
Key takeaway: Even a small test trade can reveal practical challenges—like slippage and slow order fills—that are not obvious from price charts alone.
EVX is an extremely high-risk cryptocurrency. Its price has declined by over 99% from its all-time high, and trading volume is minimal. Low liquidity means that even small trades can cause significant price slippage.
This article is for educational purposes only. It does not constitute financial, legal, or tax advice. Cryptocurrency investments are volatile and you may lose all of your invested capital. Never invest more than you can afford to lose.
Project information may be outdated. The Everex project launched in 2017, and official materials may not reflect current development status. Always verify the latest information directly from the project's official channels.
Regulatory uncertainty exists. Cross-border payment platforms face evolving regulatory scrutiny. Changes in laws or enforcement actions could materially affect Everex's operations and the value of EVX.
Do your own research (DYOR). This guide provides a framework, but it is not a substitute for independent, thorough due diligence. Consult multiple sources and consider speaking with a qualified financial advisor before making any investment decisions.
EVX is the native token of Everex, a blockchain-based platform focused on cross-border payments, remittances, and financial inclusion. It operates as an ERC-20 token on the Ethereum blockchain.[reference:44]
EVX reached an all-time high of approximately $7.35–$7.36[reference:46]. As of mid-2026, it trades far below that level, having declined over 99% from its peak.
Everex remains listed on several exchanges and shows some trading activity, though at very low volumes. The project's official website (everex.io) and social channels should be checked for the latest development updates.
Everex has a total supply of 25,000,000 EVX tokens, with approximately 22,700,000 in circulation as of mid-2026.
Key risks include extreme price volatility, low liquidity, declining market interest, potential project stagnation, and regulatory uncertainty in the cross-border payments space.
EVX is available on several exchanges, including KuCoin and HTX. However, you should verify current availability and liquidity on these platforms before attempting to trade.
Everex aims to facilitate cross-border payments and remittances using stablecoins, targeting SMEs and underbanked populations. EVX is used for platform rewards, credit scoring, and governance[reference:55][reference:56].
EVX competes with projects like Ripple (XRP) and Stellar (XLM) in the cross-border payments space. However, EVX has significantly lower market capitalisation, liquidity, and ecosystem development compared to these larger competitors.