SDEX Jumps 160% as Smardex Launches Unified DeFi Protocol

Smardex's native token, SDEX, surged over 160% on Dec. 17 after the firm announced a major restructure of its decentralized finance (DeFi) platform. The price jump brought the token's value from around $0.002 to a brief high above $0.008, settling near $0.006 at the close of the session. The move pushed SDEX's market capitalization from $21 million to over $56 million, making it one of the day's most notable market performances.

The announcement details the launch of a new protocol dubbed "Everything," which merges the platform's decentralized exchange (DEX), lending market, and perpetual-style trading system into a single smart contract and liquidity pool. The structure aims to eliminate fragmentation in DeFi by offering a unified infrastructure for core financial activities. This development has been praised by Jean Rausis, co-founder of Smardex, who called the community response "wild" and a sign of strong anticipation for the platform's next phase.

Rausis emphasized that the Everything protocol marks a departure from traditional DeFi models, which often require users to switch between separate platforms for different functions. The new system executes all operations-swaps, borrowing, and leveraged trading-within one pair. It also features an oracle-less leverage engine and a deterministic collateral model designed to reduce the risk of bad debt while improving overall system stability.

How the Everything Protocol Works

The Everything protocol operates around a single shared liquidity pool that powers all core activities, including swaps, borrowing, and leveraged trading. This integration allows users to access the platform's full range of services through a single pair, eliminating the need for external price feeds or multiple integrations. The system also includes a shared vault that deploys unused collateral into approved yield strategies, reducing borrowing costs for users.

To further improve capital efficiency, the protocol pairs with USDNr, a decentralized synthetic stable asset offering a sustainable yield of approximately 16% annual percentage rate (APR). This pairing allows liquidity providers (LPs) to earn returns from swap fees, borrowing interest, funding rates, and liquidation penalties. The system is designed to be self-balancing and multi-layered, ensuring that each dollar in the ecosystem remains productive.

Looking Ahead and Planned Upgrades

The Everything protocol is scheduled to launch officially in February 2026. The platform has already hinted at a major upgrade, called "Geneve," planned for the summer of 2026. This release aims to achieve full capital efficiency by introducing yield-bearing collateral and native limit orders. Under the new model, even idle waiting orders will generate yield, ensuring that every dollar within the ecosystem is constantly productive.

The shift to a unified protocol is not the only DeFi-related news making headlines. A separate class-action lawsuit has been filed against DeFi Technologies Inc. (DEFT), accusing the firm of securities fraud tied to its delayed execution of an arbitrage strategy. Investors who purchased DEFT shares during the relevant period have until January 30, 2026, to seek to be appointed as lead plaintiffs in the case according to legal filings. Meanwhile, DeFi Technologies' subsidiary, Valour, has received regulatory approval to list Valour Solana (VSOL) on Brazil's B3 exchange, expanding its digital asset offerings beyond Bitcoin, Ethereum, and XRP.

What This Means for Investors

The Everything protocol represents a significant step forward in the evolution of DeFi infrastructure. By consolidating functions into a single smart contract and liquidity pool, Smardex is aiming to create a more efficient, scalable, and stable system. For investors, the surge in SDEX reflects growing confidence in the platform's future potential and the broader DeFi market.

However, the DeFi sector remains complex and highly volatile. Investors should also be aware of the legal and regulatory risks that accompany such innovations. The pending lawsuit against DeFi Technologies Inc. underscores the importance of due diligence in any investment decision involving DeFi assets.

As Smardex prepares for the official launch of the Everything protocol, the market will be watching closely for early signals of adoption and performance. The upcoming "Geneve" upgrade could further solidify the platform's position in the evolving DeFi landscape.