NXM is the governance token for the Nexus Mutual protocol. It is used to buy cover, vote on governance decisions, and participate in Risk and Claims Assessments. It is also used to encourage capital provision and represents ownership to the mutual’s capital. As the mutual’s capital pool increases, the value of NXM will increase as well. The 24 hour trading volume of Nexus Mutual is $2,004.89. The all-time high price of Nexus Mutual is $185.97 on Nov 10, 2021 (about 1 year). The all-time low price of Nexus Mutual is $6.96 on Jul 22, 2020 (over 2 years).