|All Time High:|
|Market Cap: |
|The price of #NFTX today is $21.29 USD.|
The lowest NFTX price for this period was $0, the highest was $21.29, and the current live price for one NFTX coin is $21.28797.
The all-time high NFTX coin price was $512.
Use our custom price calculator to see the hypothetical price of NFTX with market cap of BTC or other crypto coins.
|The code for NFTX crypto currency is also #NFTX. |
NFTX is 1.8 years old.
|The current market capitalization for NFTX is $8,898,050.|
NFTX is ranking downwards to #565, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #NFTX.|
Today's 24-hour trading volume across all exchanges for NFTX is $90,190.
|The circulating supply of NFTX is 417,985 coins, which is 64% of the total coin supply.|
A highlight of NFTX is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market.
More NFTX (#NFTX) News
|CoinEx Institution?From NFT to NFT-fi: Real Demands or False Proposition...
It has been more than a year since the NFT boom in 2021. According to NFTGO, the market cap of NFTs peaked at $36.8 billion in March 2022. As the market later cooled, the trading volume and market cap of NFTs started to shrink. This crypto novelty expanded its influence beyond the crypto community and fostered a huge market, which also gave rise to the combination of NFTs and DeFi. The market has witnessed the appearance of NFT lending platforms, NFT aggregators, and NFT derivatives markets, which constitutes the second debut of DeFi Lego enabled by NFTs. However, one wonders whether these products were built to meet real market demands and if they have created a false proposition that lacks any value for market participation. Today, we will dive into whether NFT-fi is a feasible trend and if it will earn market recognition.
Figure 1: Market Cap & Volume of NFTs | Source: nftgo.com | As of June 1, 2022
There are many NFT liquidity solutions and NFT structured products in today’s market:
1. NFT fragmentation: FT tokens (such as ERC20 tokens) that are issued by dividing the ownership of valuable NFTs. NFT fragmentation projects include Fractional.art, NFTX, etc.
2. NFT lending markets: Holders can borrow short-term loans by collateralizing their NFTs without selling them. Prominent NFT lending markets include BendDAO, NFTfi, and Drops DAO.
3. NFT leasing: Holders earn rents by leasing NFTs to users in need. NFT leasing projects include Double, reNFT, etc.
|How Someone Made $820K From ApeCoin's Airdrop Via Flashloan
With the anticipation skyrocketing around BAYC’s launch of a new token, an unknown user gamed the system and received more than 60,000 APE tokens. After paying off the flash loan and the fees, they netted $820,000 (almost 300 ETH).
CryptoPotato reported yesterday the frenzy around the new ApeCoin that led to a pump and dump in Bored Ape Yacht Club’s floor price.
This happened because of people buying BAYC-related NFTs to participate in the highly-anticipated airdrop.
According to CertiK, an unknown user took advantage of the ongoing craze by claiming a large amount of ApeCoin in the airdrop.
They bought NFT number 1060 from OpenSea and used it as the flash loan fee to flash loan 5.2 BAYC tokens from the NFTX Vault – a platform allowing users to create liquid markets for illiquid NFTs. Users can deposit their NFTs into the vault and mint a fungible ERC20 token which can then be redeemed for specific NFTs from the vault.
The attacker used the borrowed BAYC tokens to redeem the following BAYC NFTs – 7594, 8214, 9915, 8167, and 4755.
Owning so many BAYC NFTs allowed the attacker to claim APE tokens for each, resulting in a total amount of 60,564 APE. They sold the majority on the market for ETH.
After that, the attacker minted BAYC NFTs to BAYC tokens to pay back the flash loan and fees. Ultimately, they netted 293 ETH, worth just over $820,000 as of today’s prices.
Contracts Vulnerability Analysis:
The getClaimableTokenAmountAndGammaToClaim() fun...