Not updated since Nov 2, 2026
f(x) Protocol fxUSD Price chart
Key stats
Performance
How the price moved over each period.
Supply
83.22M FXUSD circulate. No maximum supply is set.
- Circulating
- 83.22M
- Total supply
- 83.22M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.03% of market cap. Thin trading; small orders can move the price.
$52.78M market cap, rank #328. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
3.7% below its all-time high of $1.04.
Largest recent swing: 0.05% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is f(x) Protocol fxUSD (FXUSD)?
fxUSD is the dollar stablecoin of f(x) Protocol, a decentralized finance product from AladdinDAO. AladdinDAO describes f(x) as one of its three products, alongside Concentrator and Clever, and as its move into scalable decentralized stablecoins. fxUSD is a crypto-backed stablecoin, not a fiat-reserve token.
The design is aimed at DeFi users who want leverage and a stable unit in the same system. fxUSD acts as the stable side of that system, while the leveraged side is taken by traders who choose to hold xPOSITION. This is more intricate than a simple collateral vault, so read the protocol's documentation before depositing.
How fxUSD works
In f(x) Protocol 2.0, fxUSD sits next to a leveraged product called xPOSITION. The documentation says fxUSD supply is adjusted to match demand for xPOSITION, and that the stablecoin is backed by collateral that generates on-chain yield. The same documentation says xPOSITION offers up to 10x leverage without conventional liquidation risk under normal conditions.
Common uses:
- Holding a dollar-denominated asset in DeFi.
- Providing liquidity or depositing into the protocol's stability mechanisms.
- Taking leveraged positions through xPOSITION, which creates demand for fxUSD.
FXUSD supply and token design
fxUSD has no fixed cap, because supply expands and contracts with demand for leveraged positions. The protocol monitors collateralization in real time and rebalances or liquidates positions when thresholds are crossed. Reserve funds absorb losses first. If they are not enough, the documentation says under-collateralized debt is spread across active positions, and if overall collateralization falls below 100% the protocol stops opening new positions and uses protocol assets to restore the peg.
fxUSD exists on Ethereum at 0x085780639cc2cacd35e474e71f4d000e2405d8f6 and on Base. Live circulating supply is shown in the market data on this page.
Official information is on fx.aladdin.club.
What to check before using FXUSD
- Peg risk: fxUSD relies on collateral and protocol mechanisms, so it can trade away from one dollar under stress.
- Smart contract risk: the system is complex, with leverage, rebalancing and liquidation logic that could contain bugs.
- Loss socialization: in severe stress, losses can be spread across positions.
- Collateral and yield sources can themselves fail or depeg.
- Versions have changed, so confirm you are using a current f(x) Protocol interface and contract.
f(x) Protocol fxUSD project profile
- Open source
- No
- Hardware wallet support
- Yes
Token contracts
- Ethereum:
0x085780…05d8f6 - Base:
0x55380f…da42c5
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
f(x) Protocol fxUSD market analysis
With a market capitalisation of $52.78 million, f(x) Protocol fxUSD (FXUSD) is classed as a micro-cap asset and ranks #421 of 406 cryptocurrencies with a reported market cap on CryptoWave, larger than about 0.0% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $15.5 thousand of FXUSD changed hands, equal to 0.03% of its market cap, which puts its trading volume ahead of about 0.0% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 16% of tracked assets.
Price action: FXUSD moved +0.01% in 24 hours and −0.12% over 7 days. It outperformed Bitcoin by 2.19 percentage points over 24 hours and by 3.47 points over 7 days. Against the median tracked coin (ahead by 2.01 points on the day and ahead by 4.38 points on the week), it has been a relative strength in recent sessions.
To overtake Centrifuge (CFG) just above it, f(x) Protocol fxUSD would need to grow its market cap by about 0.6%; it is 0.3% larger than io.net (IO) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
f(x) Protocol fxUSD FAQ
What is fxUSD?
fxUSD is the crypto-backed dollar stablecoin of f(x) Protocol, built by AladdinDAO. It is backed by collateral that generates on-chain yield.
What is fxUSD used for?
It serves as a dollar asset in DeFi and is minted in step with demand for the protocol's leveraged xPOSITION product.
Who created fxUSD?
AladdinDAO created f(x) Protocol, which issues fxUSD.
How is fxUSD kept near one dollar?
The protocol monitors collateral, rebalances or liquidates positions at thresholds, holds reserves, and uses protocol assets to restore the peg if collateralization falls below 100%.
Price history
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