fx Protocol (FXN)
Total Value Locked$248.08m
TVL by Chain
Ethereum$248.08m
Key Metrics
Fees (Annualized)$10.07m
Fees 30d$825,267
Fees 7d$263,069
Fees 24h$0
Cumulative Fees$6.8m
Revenue (Annualized)$1.71m
Revenue 30d$140,136
Revenue 7d$40,949
Revenue 24h$0
Cumulative Revenue$3.14m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$1.71m
Earnings 30d$140,136
Earnings 7d$40,949
Earnings 24h$0
Cumulative Earnings$3.14m
Market Cap$8.67m
$FXN Price$133.55
All Time High$219.95
All Time Low$12.22
Fully Diluted Valuation$153.31m
Outstanding FDV$240.4m
$FXN Volume 24h$331,051
CEX Volume-
DEX Volume$331,051(100% of total)
$FXN Liquidity$10.52m
Curve DEX$10.17m
Raydium AMM$353,436
fx Protocol (FXN)
Total Value Locked$248.08m
TVL by Chain
Ethereum$248.08m
Key Metrics
Fees (Annualized)$10.07m
Fees 30d$825,267
Fees 7d$263,069
Fees 24h$0
Cumulative Fees$6.8m
Revenue (Annualized)$1.71m
Revenue 30d$140,136
Revenue 7d$40,949
Revenue 24h$0
Cumulative Revenue$3.14m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$1.71m
Earnings 30d$140,136
Earnings 7d$40,949
Earnings 24h$0
Cumulative Earnings$3.14m
Market Cap$8.67m
$FXN Price$133.55
All Time High$219.95
All Time Low$12.22
Fully Diluted Valuation$153.31m
Outstanding FDV$240.4m
$FXN Volume 24h$331,051
CEX Volume-
DEX Volume$331,051(100% of total)
$FXN Liquidity$10.52m
Curve DEX$10.17m
Raydium AMM$353,436
Protocol Information
f(x) splits ETH into a mix of low-volatility “floating stablecoins” called fETH and high volatility “leveraged ETH” tokens called xETH. Users can supply ETH or stETH to mint either one (pure ETH is zapped into stETH before deposit)
Category:CDP
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Interest paid by borrowersView code on GitHubRevenue: Interest paid by borrowersView 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
Income Statement for fx Protocol
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | |
|---|---|---|---|---|---|---|---|---|
| Fees | $1.05m | $1.18m | $1.22m | $833,754 | $612,027 | $1.21m | $507,794 | $175,251 |
| Revenue | $162,404 | $198,029 | $281,696 | $625,314 | $459,022 | $904,605 | $380,846 | $131,438 |
| Earnings | $162,404 | $198,029 | $281,696 | $625,314 | $459,022 | $904,605 | $380,846 | $131,438 |