Ask about fx Protocol · freeTotal Value Locked$126.88m
TVL by Chain
Ethereum$126.88m
Key Metrics
Fees 30d$719,290
Fees 30d by chain
Ethereum$719,290
Fees 7d$213,228
Ethereum$213,228
Fees 24h$273
Ethereum$273
Cumulative Fees$15.15m
Ethereum$15.15m
Revenue 30d$215,060
Revenue 30d by chain
Ethereum$215,060
Revenue 7d$54,961
Ethereum$54,961
Revenue 24h$0
Ethereum$0
Cumulative Revenue$4.35m
Ethereum$4.35m
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$997,561
Earnings 30d$215,060
Earnings 7d$54,961
Earnings 24h$0
Cumulative Earnings$4.35m
Market Cap$3.62m
$FXN Price$22.07
Fully Diluted Valuation$27.28m
Outstanding FDV$44.14m
$FXN Volume 24h$41,203
CEX Volume$0
DEX Volume$45,059(109.36% of total)
Protocol Information
f(x) Protocol is a decentralized on-chain trading platform that enables stress-free leverage on ETH and WBTC while delivering the highest organic & sustainable yield on stablecoins. By utilizing an innovative mechanism, we offer up to 7X long or short exposure with minimum liquidation risk & funding costs. To fuel the leverage positions, the protocol mints fxUSD, a scalable & decentralized stablecoin with a strong peg to the dollar and backed by wstETH and WBTC.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: View code on GitHubRevenue: View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked21
Average Supply APY10.15%
Competitors
Frequently asked questions
What is fx Protocol's TVL?
fx Protocol currently has $126.88m in total value locked. TVL has increased 5% over the past 30 days.
What chains does fx Protocol operate on?
fx Protocol operates on Ethereum. Ethereum holds the largest share at 100%.
How much has fx Protocol generated in fees and revenue?
Over the past 30 days, fx Protocol generated $719,290 in fees. Of that, $215,060 was protocol revenue. Based on the trailing year, the annualized rate is $4.91m in fees and $997,561 in revenue.
What is the FXN token price and valuation?
FXN is currently trading at $22.07. Its circulating market capitalization is $3.62m, ranking it #2,262. Its fully diluted valuation is $27.28m. Supply currently stands at 164,148.89 circulating, 1.24m total supply, 2m maximum supply.
How has FXN performed recently?
FXN is down 28.5% over the past 7 days and down 22.5% over the past 30 days. Its all-time high is $219.95, reached on Mar 13, 2024. The token is currently 90% below that level.
How does fx Protocol's TVL compare to similar protocols?
Among Dual-Token Stablecoin protocols tracked by DefiLlama, fx Protocol ranks #1 by TVL. The category holds $219.02m across 7 protocols, and fx Protocol accounts for 57.9% of that total. Other leading protocols include Hylo Protocol, RIF ON CHAIN, MoneyOnChain, Djed Stablecoin, Ethereum Classic Stable Dollar, and DogeDollar.
How many yield pools does fx Protocol have?
DefiLlama tracks 21 fx Protocol yield pools with an average APY of 10.1%.