LIVE
BTC$63,916.00 0.30%ETH$1,868.79 0.30%USDT$0.9993 0.00%BNB$592.26 0.10%USDC$0.9996 0.00%XRP$1.07 0.90%SOL$73.82 0.10%TRX$0.3293 0.50%FIGR_HELOC$1.00 1.80%HYPE$55.51 1.70%DOGE$0.0702 0.30%USDS$0.9999 0.00%LEO$9.75 0.00%RAIN$0.0125 2.10%ZEC$499.32 1.20%ADA$0.1914 1.40%XMR$362.60 0.10%WBT$55.34 0.30%LINK$8.17 0.90%XLM$0.1697 1.30%DAI$1.0000 0.00%CC$0.1103 2.90%BCH$213.42 0.50%USD1$0.9994 0.00%USDE$0.9997 0.00%GRAM$1.39 1.40%USDG$1.00 0.10%LTC$44.58 0.70%HBAR$0.0698 0.60%USYC$1.13 0.10%BTC$63,916.00 0.30%ETH$1,868.79 0.30%USDT$0.9993 0.00%BNB$592.26 0.10%USDC$0.9996 0.00%XRP$1.07 0.90%SOL$73.82 0.10%TRX$0.3293 0.50%FIGR_HELOC$1.00 1.80%HYPE$55.51 1.70%DOGE$0.0702 0.30%USDS$0.9999 0.00%LEO$9.75 0.00%RAIN$0.0125 2.10%ZEC$499.32 1.20%ADA$0.1914 1.40%XMR$362.60 0.10%WBT$55.34 0.30%LINK$8.17 0.90%XLM$0.1697 1.30%DAI$1.0000 0.00%CC$0.1103 2.90%BCH$213.42 0.50%USD1$0.9994 0.00%USDE$0.9997 0.00%GRAM$1.39 1.40%USDG$1.00 0.10%LTC$44.58 0.70%HBAR$0.0698 0.60%USYC$1.13 0.10%
G.MARKETS/PAIR ANALYSIS·f(x) Protocol logoFXNTether logoUSDT· LIVE· as of 17:54 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap

FXN WOULD BE
$0.00000000
currently $11.53 · target mcap $183.15B
MULTIPLIER
0.00x

FXN needs a 107.5Kx move to match USDT's valuation

COIN PROFILES·FXN vs USDT
f(x) Protocol logo
f(x) Protocol
SOURCE

f(x) Protocol is a decentralized stablecoin and leverage trading system on Ethereum.

PRICE$11.53
24H CHANGE 0.77%
MARKET CAP$14.04MFDV $14.10M · Fully circulating
RANK#2342
SUPPLY148K FXN
DOMINANCE<0.01%
VS
Tether logo
USDTVerified by G.MARKETS
Tether
TARGET

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

PRICE$0.9993
24H CHANGE 0.00%
MARKET CAP$183.15BFDV $188.61B · 3% supply locked
RANK#3
SUPPLY183.3B USDT
DOMINANCE6.11%
7d 0.00%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
13.0Kx bigger
FXN$14.04M
USDT$183.15B
THE CLIMBf(x) Protocol logoFXNTether logoUSDTMULTIPLIER 13.0KxGAP$183.14B
$100.00M$1.00B$10.00B$100.00B
f(x) Protocol logo
SOURCEFXN$14.04M
Tether logo
TARGETUSDT$183.15B
Tradable Singapore Fintech SSL logo
PC0000023$114.50M
Decentraland logo
MANA$130.86M
Humanity logo
H$147.90M
Starknet logo
STRK$169.54M
Ape and Pepe logo
APEPE$198.91M
Lido DAO logo
LDO$234.69M
Pyth Network logo
PYTH$302.36M
Dash logo
DASH$400.95M
Janus Henderson Anemoy AAA CLO Fund logo
JAAA$685.09M
Spiko Amundi Overnight Swap Fund (EUR) logo
EURSAFO$978.60M
Ondo logo
ONDO$1.79B
USD1 logo
USD1$3.99B
log scale · mcap in USDAug 4, 2026
f(x) Protocol logo
FXNf(x) Protocol
$14.04MSOURCE
Tradable Singapore Fintech SSL logo
PC0000023
$114.50M
Decentraland logo
MANA
$130.86M
Humanity logo
H
$147.90M
Starknet logo
STRK
$169.54M
Ape and Pepe logo
APEPE
$198.91M
Lido DAO logo
LDO
$234.69M
Pyth Network logo
PYTH
$302.36M
Dash logo
DASH
$400.95M
Janus Henderson Anemoy AAA CLO Fund logo
JAAA
$685.09M
Spiko Amundi Overnight Swap Fund (EUR) logo
EURSAFO
$978.60M
Ondo logo
ONDO
$1.79B
USD1 logo
USD1
$3.99B
Tether logo
USDTTether
$183.15BTARGET
mcap in USDAug 4, 2026
BAG SCENARIOS·IF FXN HIT USDT MCAP·TARGET $1,239,989.96
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 FXN$1,153.00$123,998,995.76+$123,997,842.76
Coffee money1K FXN$11,530.00$1,239,989,957.60+$1,239,978,427.60
Small bag10K FXN$115,300.00$12,399,899,575.96+$12,399,784,275.96
Real bag100K FXN$1,153,000.00$123,998,995,759.57+$123,997,842,759.57
Whale bag1M FXN$11,530,000.00$1,239,989,957,595.72+$1,239,978,427,595.72
Generational10M FXN$115,300,000.00$12,399,899,575,957.23+$12,399,784,275,957.23
$183.15B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.7% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.2% of Netflix
UberUBER
$160.00B
USDT mcap is 1.14× Uber
NikeNKE
$130.00B
USDT mcap is 1.41× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.83× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.04× Spotify

About this comparison

This page compares the market capitalizations of f(x) Protocol (FXN) and Tether (USDT). With f(x) Protocol currently at $11.53 per coin and a market cap of $14.04M, and Tether at $0.9993 with a market cap of $183.15B, applying Tether's market cap to f(x) Protocol's circulating supply produces a hypothetical FXN price of $1,239,989.96 — a 107.5Kx move from current.

f(x) Protocol: f(x) Protocol is a decentralized stablecoin and leverage trading system on Ethereum.

Tether: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If f(x) Protocol had Tether's market cap, what would the price be?

If f(x) Protocol (FXN) had Tether's (USDT) current market cap of $183.15B, each FXN would be worth approximately $1,239,989.96 based on the circulating supply of 147,704 FXN. That is 107.5Kx the current FXN price of $11.53.

What is the current market cap of f(x) Protocol?

f(x) Protocol (FXN) currently has a market cap of $14.04M, ranking #2342 by market capitalization. Each FXN trades at $11.53.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $183.15B, ranking #3 by market capitalization. Each USDT trades at $0.9993.

How does FXN compare to USDT?

f(x) Protocol's market cap of $14.04M sits orders of magnitude beyond Tether's $183.15B. For FXN to reach USDT's current valuation, the price would need to move 107.5Kx from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming f(x) Protocol's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.