---
title: "f(x) Protocol (FXN) price, heat score and market data"
symbol: "FXN"
name: "f(x) Protocol"
coingecko_id: "fxn-token"
canonical: https://crypheat.com/c/fxn-token.html
robots: index, follow
heat_score: "18"
heat_band: "COLD"
market_cap_rank: "1964"
price_as_of: "2026-08-14"
last_updated: "2026-08-14"
source: "CoinGecko / DefiLlama / alternative.me"
tier: free
disclaimer: "Information only; not investment advice or a recommendation to trade"
---

# f(x) Protocol (FXN)

f(x) Protocol (FXN) trades at $13.83, up 8.2% over the past 30 days. Its market cap — supply times price — is $2.8M, the 1964-largest in crypto. Over a year it is -90% (down), and it sits -94% from its all-time high. On tradability, the book is thin, so incoming money moves the price easily. Taken together, the overall heat score is 18 (COLD). A higher number means more of the conditions for a rally are in place — it is not a price forecast.

Last updated 2026-08-14 · Price $13.83 (as of 2026-08-14)

Heat score: **18** (COLD) — a deterministic 0–100 read on how many of the conditions for a move are in place. Not a price forecast.

## Market data (as of 2026-08-14)

| Metric | Value |
| --- | --- |
| Price | $13.83 |
| Market cap | $2.8M (rank #1964) |
| 24h volume | $21,843 |
| Circulating supply | 200,401 FXN (about 16% of total supply) |
| Total supply | 1,224,106 FXN |
| Change from all-time high | -93.7% |

## What is f(x) Protocol

f(x) Protocol is a decentralized stablecoin and leverage trading system on Ethereum. Its core product is fxUSD, an overcollateralized stablecoin backed solely by stETH and wBTC, with no off-chain custody.
Users can borrow fxUSD against stETH or wBTC collateral for a flat one-time fee, or open leveraged long and short positions on ETH and BTC, which loop fxUSD against the same collateral for up to 7x exposure. Both paths mint fxUSD against the same backing.
Yield is generated from two real sources: stETH staking rewards on the underlying collateral, and fees paid by borrowers and leverage traders. That yield flows to the Stability Pool, where users can deposit fxUSD or USDC to earn it. The yield is organic, with no FXN emissions or token inflation funding it.

## Frequently asked questions

### What is f(x) Protocol (FXN)?

f(x) Protocol is a decentralized stablecoin and leverage trading system on Ethereum. Read more →

### What is the current price of f(x) Protocol (FXN)?

$13.83 as of 2026-08-14. The price moves daily, and this page is rebuilt every day.

### What is the market cap of f(x) Protocol (FXN)?

About $2.8M as of 2026-08-14, which ranks #1964 across all crypto assets.

### What is f(x) Protocol's heat score, and what does it mean?

The heat score is 18 (COLD) as of 2026-08-14. It is our own 0–100 measure of how many of the conditions a rally needs — momentum, tradable volume, light supply and a supportive market — are currently in place. It is not a price forecast. The model multiplies its factors, so a single missing condition holds the whole score down.

### What is the supply of f(x) Protocol (FXN)?

As of 2026-08-14, 200,401 FXN is in circulation out of a total supply of 1,224,106 FXN — about 16%. The remainder may reach the market through future unlocks.

### What is the all-time high for f(x) Protocol (FXN)?

The all-time high on record as of 2026-08-14 is $219.95.The price is $13.83 today, -93.7% from that high.

### How much f(x) Protocol (FXN) can I buy with $100?

At the 2026-08-14 price ($13.83), $100 buys roughly 7.23 FXN before fees and spread. Crypto is divisible, so you do not need to buy a whole coin.

### Will f(x) Protocol (FXN) go up? What are its prospects?

We do not forecast prices or give investment advice. What this page does is track f(x) Protocol every day through factual data — the heat score, supply structure, charts and development activity. Use it as material for your own judgement; the decision is yours.

### Where can I buy or trade f(x) Protocol (FXN)?

It trades on major crypto exchanges. Which venues you can use depends on where you live, so check what is licensed in your own jurisdiction. This is information, not a recommendation of any asset or exchange.

---

Sources: CoinGecko (data provided by CoinGecko), DefiLlama and alternative.me. Figures are as of 2026-08-14 and change daily. Information only; not investment advice or a recommendation to trade.
HTML version: https://crypheat.com/c/fxn-token.html