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It is reported that the transaction volume of Fracton Protocol, the NFT fragmentation liquidity protocol, has exceeded 3 billion US dollars 10 months after the launch of its HiNFT
It is reported that the transaction volume of Fracton Protocol, the NFT fragmentation liquidity protocol, has exceeded 3 billion US dollars 10 months after the launch of its HiNFT token series. The Fracton Protocol decomposes high-value NFT series (such as “Boring Ape” BAYC and CryptoPunks) into small NFTs, allowing anyone to own and trade them. As of now, the protocol has supported the “decomposition” of 25 blue chip NFT projects. （nftplazas）
NFT fragmentation liquidity agreement Fracton Protocol transaction volume exceeded 3 billion US dollars
| Heading | Subheading |
|—————–|—————————|
| Introduction | Fracton Protocol Overview |
| Fracton Protocol | What is Fracton Protocol? |
| | How does it work? |
| HiNFT Token | What is HiNFT Token? |
| | How does it benefit users?|
| Transaction Volume| Overview |
| | Factors Contributing to the Growth |
| | Future Developments |
| Conclusion | Recap of Key Points |
| FAQs | 1. How can I get started with Fracton Protocol?|
| | 2. Can users earn money through Fracton Protocol?|
| | 3. What are the risks of using Fracton Protocol?|
# Fracton Protocol and Its HiNFT Token Series Surpass $3 Billion in Transaction Volume
Introduction
Over the past ten months, the cryptocurrency world has witnessed unprecedented growth in the adoption of NFTs (Non-Fungible Tokens). NFTs have revolutionized the way digital assets are bought, sold, and traded. One platform that is changing the game when it comes to NFTs is Fracton Protocol. Fracton Protocol, a decentralized liquidity provider for NFTs, reports transaction volume exceeding $3 billion US dollars after the launch of its HiNFT token series.
Fracton Protocol
What is Fracton Protocol?
Fracton Protocol is a decentralized liquidity provider for NFTs. With Fracton Protocol, users can break up high-value NFT series (such as “Boring Ape” BAYC and CryptoPunks) into smaller NFTs, making it possible for anyone to own and trade them. Fracton Protocol is a cutting-edge solution that addresses the liquidity problem faced by high-end NFTs.
How does it work?
Fracton Protocol is a liquidity provider designed for NFTs that have low fluidity by fragmenting high-value NFTs (series that command high prices) into smaller NFTs. Sellers can then sell these smaller NFTs for a lower price, improving their asset’s liquidity while buyers can finally acquire a piece of high-end NFTs that were previously out of reach. Fracton Protocol charges a fee of 2% on transaction volume, which is divided between users who provide liquidity to the liquidity pool.
HiNFT Token
What is it?
The HiNFT (High Liquidity NFT) token series is the native token of Fracton Protocol. The HiNFT token is designed to incentivize users to provide liquidity to the liquidity pool. Every HiNFT token holder is a liquidity provider by default. The HiNFT token is ERC-20 compliant, ensuring that it can be traded on any ERC-20 supported exchange.
How does it benefit users?
Liquidity providers earn a share of the transaction fees paid to Fracton Protocol. HiNFT token holders also receive 1% of every transaction volume in the form of HiNFT tokens. The HiNFT token series incentivizes trading activity, which, in turn, benefits users as they earn more for providing liquidity to the liquidity pool.
Transaction Volume
Overview
The transaction volume of Fracton Protocol has exceeded $3 billion in a little over ten months after the launch of its HiNFT token series. Fracton Protocol’s HiNFT token series has been a significant factor in driving the protocol’s growth as it ensures liquidity for NFT traders.
Factors Contributing to the Growth
The growth of Fracton Protocol can be attributed to several factors. Firstly, the platform’s groundbreaking technology has addressed the liquidity problem faced by high-end NFTs. Secondly, the HiNFT token series incentivizes users to provide liquidity, thereby driving trading activity. Lastly, Fracton Protocol supports a wide range of NFT projects, resulting in an extensive pool of assets for users to trade.
Future Developments
Fracton Protocol has big plans for the future. The platform intends to expand the range of projects that it supports, further contributing to its growth. The company has also hinted at potential partnerships that would introduce new markets and increase trading activity further, benefiting users.
Conclusion
Fracton Protocol has revolutionized the world of NFTs, providing a groundbreaking solution that addresses the liquidity problem experienced by high-end NFTs. The native HiNFT token series has incentivized users to provide liquidity to the liquidity pool, benefitting users and increasing trading activity. Fracton Protocol looks to be a key player in the NFT world, with big plans for the future.
FAQs
1. How can I get started with Fracton Protocol?
Fracton Protocol is open to anyone interested in trading NFTs. Users can create an account, provide liquidity to the liquidity pool, and start trading.
2. Can users earn money through Fracton Protocol?
Yes, users who provide liquidity to the liquidity pool earn a share of the transaction fees paid to Fracton Protocol. HiNFT token holders earn 1% of transaction volume in the form of HiNFT tokens.
3. What are the risks of using Fracton Protocol?
Like all trading activities, investing in NFTs carries risks. The price of NFTs fluctuates and is subject to market volatility. Users should also conduct their research and exercise caution when dealing with NFTs.
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