Nexus Mutual remains a mid-tier insurance protocol with limited new evidence
Not rated. Not rated: no numeric rating is currently published for this asset.
| Status | Rated rank | Price | Market cap |
|---|---|---|---|
| Not rated | Not included in rated rankings | $57.01 | $88.4M |
Data as of Nov 3, 2026 — scores are re-evaluated daily. This page refreshes automatically from the published record.
Nexus Mutual is a decentralized insurance protocol built on Ethereum. Its stated purpose is to provide cover for risks associated with smart contracts, including potential financial losses resulting from bugs, hacks, or exploits in smart contract code. The protocol distinguishes between unintended uses of smart contracts and other types of incidents: its smart contract cover does not extend to losses caused by compromised private keys or hacks of centralized exchanges. Nexus Mutual also introduced custody cover for centralized custodians and lenders, including Celsius, BlockFi, and Nexo. The project operates within the decentralized finance and insurance sectors and is part of the Ethereum ecosystem. Its native token is NXM. In broad terms, Nexus Mutual connects blockchain-based insurance with protection concepts for decentralized financial applications and selected custodial services, focusing on risks arising from failures in covered systems rather than every possible source of loss.
The asset introduction is background information, not an assessment of current usage or evidence availability. The rating status shown above is separate from that introduction. Sign in to read the latest published assessment and its supporting research.
Nexus Mutual remains tracked and discoverable while no numeric rating is currently published. Grade thresholds and hard exclusion gates apply to published ratings.
CryptoGrade publishes transparent, rules-based crypto ratings — identical for every visitor. Educational research only; not financial advice. Crypto assets are volatile and you can lose your entire investment.