FOLKS

FOLKS is the native token of Folks Finance, a cross-chain decentralized finance protocol that lets users supply collateral, borrow assets, and manage positions across several blockchains through a single interface. The protocol targets both retail participants and institutions who want to interact with lending markets on networks such as Ethereum, Avalanche, Algorand, Arbitrum, Polygon, and the BNB Chain without manually moving assets between them. Its core claim is that it removes the friction of bridging or wrapping tokens by keeping liquidity unified across those ecosystems.

Folks Finance uses interoperability infrastructure — specifically Chainlink CCIP, Circle CCTP, and Wormhole messaging — to pass instructions and settle positions across chains, so a user's collateral on one network can back a loan drawn on another without wrapping or splitting the underlying asset. The FOLKS token lives within this multi-chain system and is used in protocol governance and as part of the incentive structure, though the precise distribution of those roles is not fully detailed in the data stored here. The protocol itself does not rely on its own consensus algorithm; it sits on top of the blockchains it connects.

The data stored here does not include a fee revenue stream, fee rates, or recipient-level breakdowns for Folks Finance, so no fee-based measures such as price-to-fees or revenue yield can be calculated from this page. What is recorded is that approximately 35.97 percent of the 50,000,000 maximum supply is currently in circulation, leaving a dilution overhang of roughly 178 percent relative to the circulating supply, meaning the tokens not yet issued represent about 2.78 times the current market capitalisation of roughly 42.9 million dollars. The 24-hour turnover rate sits at approximately 2.87 percent of market capitalisation, reflecting recent trading volume relative to the asset's size.