Ask about fx Protocol
fx Protocol(FXN)
Total Value Locked$130.46m
TVL by Chain
Ethereum$130.46m
Key Metrics
Fees 30d$716,267
Fees 30d by chain
Ethereum$716,267
Fees 7d$197,118
Ethereum$197,118
Fees 24h$90,621
Ethereum$90,621
Cumulative Fees$14.71m
Ethereum$14.71m
Revenue 30d$217,846
Revenue 30d by chain
Ethereum$217,846
Revenue 7d$56,273
Ethereum$56,273
Revenue 24h$56,273
Ethereum$56,273
Cumulative Revenue$4.24m
Ethereum$4.24m
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$941,134
$217,846
$56,273
$56,273
$4.24m
Market Cap$4.93m
$FXN Price$30.04
$37.01m
$60.08m
$FXN Volume 24h$43,189
CEX Volume$0
DEX Volume$41,586.69(96.29% 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 APY9.97%
Competitors
Frequently Asked Questions
What is fx Protocol's TVL?
fx Protocol currently has $130.46m in total value locked. TVL has increased 8.4% 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 $716,267 in fees. Of that, $217,846 was protocol revenue. Based on the trailing year, the annualized rate is $5.25m in fees and $941,134 in revenue.
What is the FXN token price and valuation?
FXN is currently trading at $30.15. Its circulating market capitalization is $4.95m, ranking it #2,111. Its fully diluted valuation is $37.15m. Supply currently stands at 164,148.89 circulating, 1.23m total supply, 2m maximum supply.
How has FXN performed recently?
FXN is up 9.6% over the past 7 days and up 54.7% over the past 30 days. Its all-time high is $219.95, reached on Mar 13, 2024. The token is currently 86.3% 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 $227.96m across 7 protocols, and fx Protocol accounts for 57.2% 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%.