--- title: "Indigo Protocol (INDY) price, heat score and market data" symbol: "INDY" name: "Indigo Protocol" coingecko_id: "indigo-dao-governance-token" canonical: https://crypheat.com/c/indigo-dao-governance-token.html robots: index, follow heat_score: "14" heat_band: "COLD" market_cap_rank: "2392" price_as_of: "2026-08-14" last_updated: "2026-08-14" source: "CoinGecko / DefiLlama / alternative.me" tier: free disclaimer: "Information only; not investment advice or a recommendation to trade" --- # Indigo Protocol (INDY) Indigo Protocol (INDY) trades at $0.086824, down 11.1% over the past 30 days. Its market cap — supply times price — is $1.7M, the 2392-largest in crypto. Over a year it is -93% (down), and it sits -98% from its all-time high. On tradability, the book is thin, so incoming money moves the price easily. Taken together, the overall heat score is 14 (COLD). A higher number means more of the conditions for a rally are in place — it is not a price forecast. Last updated 2026-08-14 · Price $0.086824 (as of 2026-08-14) Heat score: **14** (COLD) — a deterministic 0–100 read on how many of the conditions for a move are in place. Not a price forecast. ## Market data (as of 2026-08-14) | Metric | Value | | --- | --- | | Price | $0.086824 | | Market cap | $1.7M (rank #2392) | | 24h volume | $1,109 | | Circulating supply | 19,113,585 INDY (about 55% of total supply) | | Total supply | 35,000,000 INDY | | Change from all-time high | -98.1% | ## What is Indigo Protocol What is Indigo Protocol? Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano, and has brought the first Native Stablecoin to the Cardano ecosystem, iUSD. How does Indigo work? Indigo allows anyone to create synthetic assets, known as iAssets. iAssets can be created using currencies such as stablecoins and ADA. They have the same price effect as holding the asset being replicated. This allows you to gain profit from the increase in price of an asset without owning the original asset itself. What are Synthetic Assets? Synthetic Assets give users exposure to a variety of assets without the need to actually own the underlying asset. These assets can be anything that has value in the real world. With its transparency, efficiency, low barriers to entry, and decentralized traits, the Blockchain can smoothly deliver all these assets to anyone with access to the Internet. The INDY governance token comes from its use in the Indigo DAO voting process. The total supply of INDY will be 35M tokens with a 6-decimal precision. The max supply of INDY will be distributed to protocol users, stakers, and LPs over the course of four years. We believe in a fair distribution of the INDY tokens to the early adopters of the protocol, therefore there will be NO community pre-sale via ICO/ISO/ISPO. ## Frequently asked questions ### What is Indigo Protocol (INDY)? What is Indigo Protocol? Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano, and has brought the first Native Stablecoin to the Cardano ecosystem, iUSD. Read more → ### What is the current price of Indigo Protocol (INDY)? $0.086824 as of 2026-08-14. The price moves daily, and this page is rebuilt every day. ### What is the market cap of Indigo Protocol (INDY)? About $1.7M as of 2026-08-14, which ranks #2392 across all crypto assets. ### What is Indigo Protocol's heat score, and what does it mean? The heat score is 14 (COLD) as of 2026-08-14. It is our own 0–100 measure of how many of the conditions a rally needs — momentum, tradable volume, light supply and a supportive market — are currently in place. It is not a price forecast. The model multiplies its factors, so a single missing condition holds the whole score down. ### What is the supply of Indigo Protocol (INDY)? As of 2026-08-14, 19,113,585 INDY is in circulation out of a total supply of 35,000,000 INDY — about 55%. The remainder may reach the market through future unlocks. ### What is the all-time high for Indigo Protocol (INDY)? The all-time high on record as of 2026-08-14 is $4.5.The price is $0.086824 today, -98.1% from that high. ### How much Indigo Protocol (INDY) can I buy with $100? At the 2026-08-14 price ($0.086824), $100 buys roughly 1,151.76 INDY before fees and spread. Crypto is divisible, so you do not need to buy a whole coin. ### Will Indigo Protocol (INDY) go up? What are its prospects? We do not forecast prices or give investment advice. What this page does is track Indigo Protocol every day through factual data — the heat score, supply structure, charts and development activity. Use it as material for your own judgement; the decision is yours. ### Where can I buy or trade Indigo Protocol (INDY)? It trades on major crypto exchanges. Which venues you can use depends on where you live, so check what is licensed in your own jurisdiction. This is information, not a recommendation of any asset or exchange. --- Sources: CoinGecko (data provided by CoinGecko), DefiLlama and alternative.me. Figures are as of 2026-08-14 and change daily. Information only; not investment advice or a recommendation to trade. HTML version: https://crypheat.com/c/indigo-dao-governance-token.html