# Float Protocol

> Track Float Protocol's market cap with daily on-chain data. Compare Float Protocol with other stablecoin issuers. See charts and datasets in one place.

Source: [Float Protocol on Token Terminal](https://tokenterminal.com/explorer/projects/floatprotocol). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: BANK
- Sectors: Stablecoin issuers
- Chains: ethereum

## About

### What it is

Float Protocol issues FLOAT, a non-pegged stablecoin that targets a variable price index determined by market conditions rather than a fixed fiat currency peg.

### Who uses it

Float Protocol is a DeFi team that built an algorithmic monetary system on Ethereum.

### How it works

Float uses a two-token model (FLOAT and BANK) with Dutch auctions to stabilize the FLOAT price around a variable target index.

## Metrics

Token Terminal tracks these metrics for Float Protocol daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/token-supply-circulating)
- [Outstanding supply](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/outstanding-supply)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/floatprotocol/metrics/gas-used)

## Links

- [website](https://floatprotocol.com)
- [twitter](https://twitter.com/FloatProtocol)