fx Protocol (FXN)

Total Value Locked$163.12m

TVL by Chain

Ethereum$163.12m

Key Metrics

Fees (Annualized)$5.64m

Fees 30d$462,307

Fees 7d$141,132

Fees 24h$0

Cumulative Fees$6.11m

Revenue (Annualized)$788,840

Revenue 30d$64,659

Revenue 7d$33,223

Revenue 24h$0

Cumulative Revenue$3.04m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$788,840

Earnings 30d$64,659

Earnings 7d$33,223

Earnings 24h$0

Cumulative Earnings$3.04m

Market Cap$7.33m

$FXN Price$112.84

All Time High$219.95

All Time Low$12.22

Fully Diluted Valuation$129.04m

$FXN Volume 24h$308,288

CEX Volume-

DEX Volume$308,061(99.93% of total)

$FXN Liquidity$8.65m

Curve DEX$8.32m

Raydium AMM$328,964

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 GitHub

Incentives: 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 Tracked23

Average APY17.3%

View all Yields

Income Statement for fx Protocol

Q3 2025*Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Fees$369,513$1.18m$1.22m$833,754$612,027$1.21m$507,794$175,251
Revenue$55,491$198,029$281,696$625,314$459,022$904,605$380,846$131,438
Earnings$55,491$198,029$281,696$625,314$459,022$904,605$380,846$131,438