# VNX

> Track VNX's TVL and market cap with daily on-chain data across 10 chains. Compare VNX with other stablecoin issuers. See charts and datasets in one place.

Source: [VNX on Token Terminal](https://tokenterminal.com/explorer/projects/vnx). 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: VNX
- Sectors: Stablecoin issuers
- Chains: arbitrum, avalanche, base, celo, ethereum, fraxtal, polygon, ripple, solana, stellar

## About

### What it is

VNX creates blockchain-based tokens that represent physical assets, offering VEUR, VCHF, VGBP (fiat-referenced tokens) and VNXAU (gold-backed tokens). These multichain digital assets enable users to trade, transfer, and utilize real-world assets in DeFi protocols while maintaining regulatory compliance and full transparency through allocated physical backing.

### Who uses it

VNX is a Liechtenstein-licensed blockchain company regulated by the Financial Market Authority (FMA) that specializes in tokenizing real-world assets including fiat currencies and precious metals.

### How it works

The platform operates across multiple blockchains including Ethereum, Polygon, Solana, Base, and others, allowing users to buy, sell, and transfer tokens 24/7. VNX maintains regulatory compliance through its TVTG registration as a Token Generator and Service Provider, ensures transparency through asset allocation lookups and regular reporting, and generates revenue through token issuance and platform services.

## Metrics

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

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

## Links

- [twitter](https://x.com/vnx_platform)
- [website](https://vnx.li/)