NFTX – A liquidity protocol for NFTs
NFTX – A liquidity protocol for NFTs
In this interview with Quag we break down NFTX's operating model and learn about the drivers behind the data you see on Token Terminal's charts.
NFTX(NFTX)NFT marketplaces
$22.91
24h:
+1.51%
7d:
+2.83%
30d:
+49.71%
180d:
+50.82%
ATH:
$499.09
ATL:
$11.43
Market cap (circulating)
$9.45m
+47.50%
Revenue (30d)
$2.88
+1,844.25%
Market cap (fully diluted)
$14.71m
+46.89%
Revenue (annualized)
$35.00
+3,988.50%
Total value locked
$18.12m
+29.55%
P/F ratio (fully diluted)
39.19x
-7.2%
Trading volume (annualized)
$16.12m
-42.05%
P/S ratio (fully diluted)
420,419.91x
-92.4%
Fees (30d)
$30.86k
+58.36%
Treasury
N/A
N/A
Fees (annualized)
$375.50k
+13.16%
Active users (daily) (30d average)
22.77
-29.4%
Core developers (30d average)
2.30
-26.6%
Code commits (30d sum)
43
+230.8%
About
What is NFTX
NFTX is a non-custodial NFT marketplace protocol built on Ethereum. NFTX was founded by Alex Gausman and launched in 2021.
How does NFTX work
Liquidity providers deposit funds into SushiSwap and NFTs into vaults and receive redemption and minting fees from users (supply-side fees).
Who governs NFTX
NFTX tokenholders own and govern the protocol. They currently take a cut of the redemption and minting fees (in the absence of liquidity providers) paid by users (revenue). NFTX's investors include Robot Ventures, etc.
Key metrics
Daily market cap (fully diluted) vs. daily fees in the past 180 days.
Metrics
| Growth rate | 24h | 7d | 30d | 90d | 180d | 365d |
|---|---|---|---|---|---|---|
| Market cap (fully diluted) | -0.1% | +1.0% | +46.9% | +72.9% | +50.8% | +38.4% |
| Fees | -75.4% | -25.0% | +58.4% | -46.6% | -62.5% | -88.5% |
Related resources
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