Flying Tulip

Flying Tulip is a decentralized finance application whose token is FT, operating across several blockchains including BNB Chain, Avalanche, Base, and Sonic. The project focuses on derivatives and perpetuals trading, meaning it lets users take leveraged positions on asset prices without a centralized intermediary. It is aimed at traders who want access to these instruments through self-custodied, on-chain infrastructure.

Flying Tulip functions as an application-layer protocol, with the core activity recorded under the label Flying Tulip Lend, suggesting it combines lending mechanics with its derivatives offering. The FT token operates within this ecosystem, and the protocol lives on multiple chains simultaneously rather than running its own consensus layer. Beyond these structural points, the on-chain mechanics of how FT is used inside the system — for governance, fee distribution, or collateral — are not detailed in the data stored here.

Over the trailing 12 months the protocol generated 4,342,905.42 USD in total fees and retained 4,317,461.79 USD as protocol revenue, implying that the vast majority of fees flow to the protocol rather than to liquidity providers or other third parties. This is consistent with the trailing-30-day take rate of 91.43 percent, meaning roughly 91 cents of every fee dollar collected is kept by the protocol rather than passed to supply-side participants, who received 12,498.00 USD over the trailing 30 days. Fees over the trailing 7 days were 33,240.84 USD, and over the trailing 30 days 145,862.63 USD, though 30-day protocol revenue growth stands at negative 100 percent, indicating revenue in the most recent 30-day window has fallen sharply relative to the prior period. Annualizing the trailing 30 days of fee activity produces a figure of 1,774,662.00 USD, which is considerably below the trailing 12-month figure, reflecting that recent activity has been lower than the full-year average.