fx Protocol (FXN)
Total Value Locked$158.32m
TVL by Chain
pool2$82.19m
Ethereum$76.13m
Key Metrics
Fees (Annualized)$6.05m
Fees 30d$496,112
Fees 7d$102,049
Fees 24h$0
Cumulative Fees$10.44m
Revenue (Annualized)$1.34m
Revenue 30d$110,038
Revenue 7d$28,280
Revenue 24h$0
Cumulative Revenue$3.55m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$1.34m
Earnings 30d$110,038
Earnings 7d$28,280
Earnings 24h$0
Cumulative Earnings$3.55m
Market Cap$1.89m
$FXN Price$29.07
All Time High$219.95
All Time Low$12.22
Fully Diluted Valuation$34.11m
Outstanding FDV$52.33m
$FXN Volume 24h$11,036
CEX Volume-
DEX Volume$11,036(100% of total)
$FXN Liquidity$7.01m
Curve DEX$6.68m
Raydium AMM$338,680
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.
Category:Dual-Token Stablecoin
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
Income Statement for fx Protocol
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Fees | $1.73m | $2.97m | $1.18m | $1.22m | $833,754 | $612,027 | $1.21m | $507,794 | $175,251 |
| Revenue | $250,016 | $323,600 | $198,029 | $281,696 | $625,314 | $459,022 | $904,605 | $380,846 | $131,438 |
| Earnings | $250,016 | $323,600 | $198,029 | $281,696 | $625,314 | $459,022 | $904,605 | $380,846 | $131,438 |