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About Everything
Analysis of 29 Mar 2026Everything (formerly SMARDEX) is a DeFi protocol that combines automated market making (AMM), lending, and perpetual trading within a single smart contract. Founded by Jean Rausis, the protocol introduced fictive reserves technology to address impermanent loss for liquidity providers.
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The SDEX token (rebranding to EV by May 2026) has a total supply of 10 billion tokens and trades at approximately $0.0055 with a market cap near $55 million. The protocol operates across Ethereum, BSC, Polygon, Arbitrum, and Base.
In February 2026, SMARDEX launched the Everything protocol upgrade and announced a rebrand. The platform also introduced USDN, a synthetic dollar backed by a decentralized ETH perpetual delta-neutral strategy, which attracted $4.5 million in its public seed round.
