AUDX, issued by TAU, is an asset-backed stablecoin that is tethered to the value of the Australian dollar (AUD), giving onchain access to the currency and offering simple 1:1 redeemability [S1][S2].

Each token tracks the Australian dollar (AUD) at a 1:1 peg, so a tokenholder's economic exposure mirrors the value of one Australian dollar [S1]. AUDX tokens are backed 1:1 by cash or government-backed assets such as Treasury Bills and Notes, with reserves independently audited monthly and published so backing can be confirmed [S1]. The design is a value peg rather than a yield-bearing or rebasing mechanism [S1].

TAU is an Australian-based company specialising in blockchain, asset tokenisation and finance [S1]. An Australian jurisdiction is indicated by the AUD peg and the issuer's own description [S1]. AUDX operates with regulatory oversight and the issuer publishes a Product Disclosure Statement and a Target Market Determination, implying a defined target market under Australian design and distribution obligations [S1]. AUDX is also referred to as a private stablecoin, indicating restricted distribution [S3]. The token offers simple 1:1 redeemability and is structured for bankruptcy remoteness with independent monthly audits [S1][S2].

AUDX is an ERC-20 token issued on the Ethereum blockchain and is also available on Polygon [S1]. It can be bought, swapped and sold across both networks via the BetterX platform, with partner use-cases describing atomic settlement, the instant onchain exchange of linked assets [S1][S3]. Reserves are independently audited monthly and published [S1].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://www.audxtoken.com/" },
    { id: "S2", url: "https://www.audxtoken.com/faq-s" },
    { id: "S3", url: "https://www.audxtoken.com/post/digitalx-and-betacarbon-deliver-indigenous-australian-carbon-token-deal-using-xaud-stablecoin" },
  ]}
/>


# DEX trading volume methodology

## 1. Overview

DEX trading volume is the total value of trades involving a specific asset executed on decentralized exchanges, broken out by the exchange and product where the trade was executed (venue). Integrated venues include Uniswap, Aerodrome, PancakeSwap, and Fluid, among others, with coverage expanding as more are added.

## 2. Data sources

- **EVM chain events**: Swap and trade events from decentralized exchange contracts, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Swap and trade instructions from decentralized exchange programs, covering Solana
- **Hyperliquid native spot**: Spot trading data from Hyperliquid
- **Asset metadata**: Token addresses and decimal precision
- **External data**: End-of-day price feeds

## 3. Step-by-step calculation

### Component A: Extract trade events and instructions

- **Purpose**: Retrieve raw trade data from decentralized exchange contracts, programs, and native spot feeds.
- **Logic**: On EVM-compatible chains, swap and trade events are parsed from decentralized exchange contracts. On Solana, swap and trade instructions are parsed from decentralized exchange programs. For each trade, the raw amounts of both traded tokens (the token sold and the token bought) are extracted along with the pool address, chain, and product identifier. For Hyperliquid, native spot trading volume is retrieved directly.
- **Key fields**: `amount_0` (raw quantity of first token), `amount_1` (raw quantity of second token), `token_address_0` (address of first token), `token_address_1` (address of second token), `timestamp` (block timestamp), `trading_volume` (raw trading volume for native spot)

### Component B: Normalize amounts and apply valuation

- **Purpose**: Normalize token quantities and calculate the USD value of the trade.
- **Logic**: Raw token amounts are normalized by decimal precision retrieved from asset metadata. Normalized amounts are multiplied by end-of-day price feeds from the price pipeline. To mitigate wash trading and mispricing, a conservative valuation is typically applied where the total trading volume of the trade is determined by taking the lesser USD value of the two legs (the token sold and the token bought). However, for trades involving exactly one tokenized stock, the valuation is determined solely by the tokenized-stock leg to prevent mispricing from unpriced counterparties. Hyperliquid native spot trading volume is retrieved pre-valued and is not subject to this valuation logic.
- **Key fields**: `trading_volume` (calculated USD value of the trade), `token_address_0` (address of first token), `token_address_1` (address of second token)

### Component C: Resolve trade legs and final aggregation

- **Purpose**: Attribute trading volume to each individual asset and aggregate by venue.
- **Logic**: Each trade is typically split into two distinct legs to represent both sides of the transaction, where one leg is categorized as a sell for the token sold by the trader, and the other leg is categorized as a buy for the token bought by the trader. Hyperliquid native spot trading volume is excluded from this split as it is retrieved pre-split by trade direction. The trading volume is then aggregated by summing the USD values across trade directions, assets, chains, and venues.
- **Key fields**: `trade_direction` (direction of the trade leg), `token_address` (resolved token address), `trading_volume` (aggregated USD volume)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of trades involving the asset on decentralized exchanges, counted on both sides of each trade, broken out per venue.

DEX trading volume

Stablecoins

AUDX operates by maintaining fiat reserves backing the AUDX stablecoin across multiple blockchain networks. The platform leverages Ethereum, Polygon, and Conflux to provide interoperable payment infrastructure and generates revenue through issuance and redemption fees, facilitating seamless Australian Dollar transactions in the blockchain ecosystem.

The project issues the Aussie Dollar Token (AUDX), an AUD-pegged stablecoin deployed on Ethereum, Polygon, and Conflux. AUDX provides on-chain access to AUD-denominated stable value for DeFi applications, cross-border payments, and digital commerce in the Asia-Pacific region.

AUDX is an Australian Dollar-pegged stablecoin issuer.

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Stablecoin issuers

AUDX

Aussie Dollar Token (AUDX) is a Australian Dollar stablecoin issued by AUDX through TAU Pty Ltd.

Each token is redeemable one-for-one for Australian Dollar and is a direct claim on the issuer.

Reserves are held in bank deposits, in segregated accounts within a bankruptcy-remote structure, attested monthly by Aura Partners.

Retail investors can mint and redeem directly with AUDX in AUD after completing KYC, and holders have a contractual right to redeem at par.

TAU Pty Ltd is incorporated in Australia.

Holder terms are governed by the law of Australia.

AUDX has been issued on public blockchains since August 2024 and is native to Polygon and Ethereum.

Aussie Dollar TokenAUDX