fx Protocol (FXN)
Total Value Locked$232.43m
TVL by Chain
Ethereum$232.43m
fetching fees...
Key Metrics
Fees (Annualized)$13.25m
Fees 30d$1.09m
Fees 7d$285,928
Fees 24h$0
Cumulative Fees$8.46m
Revenue (Annualized)$988,773
Revenue 30d$81,047
Revenue 7d$11,465
Revenue 24h$0
Cumulative Revenue$3.3m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$988,773
Earnings 30d$81,047
Earnings 7d$11,465
Earnings 24h$0
Cumulative Earnings$3.3m
Market Cap$4.6m
$FXN Price$70.83
All Time High$219.95
All Time Low$12.22
Fully Diluted Valuation$81.95m
Outstanding FDV$127.5m
$FXN Volume 24h$230,631
CEX Volume-
DEX Volume$230,631(100% of total)
$FXN Liquidity$7.01m
Curve DEX$6.68m
Raydium AMM$338,680
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:Dual-Token Stablecoin
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView 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 | $2.72m | $1.18m | $1.22m | $833,754 | $612,027 | $1.21m | $507,794 | $175,251 |
| Revenue | $316,778 | $198,029 | $281,696 | $625,314 | $459,022 | $904,605 | $380,846 | $131,438 |
| Earnings | $316,778 | $198,029 | $281,696 | $625,314 | $459,022 | $904,605 | $380,846 | $131,438 |