NEXO

NEXO is the native token of Nexo, a centralized platform launched in 2018 that offers crypto-backed loans, savings products, and trading tools to clients across more than 200 jurisdictions. The platform targets individuals who want to use their existing crypto holdings as collateral for loans or earn interest on them without converting to fiat. NEXO token holders receive enhanced interest rates and other platform benefits, with the token described as offering up to 12% annual interest when held within eligible Nexo account wallets.

NEXO is not a layer-1 network token with its own consensus mechanism; it has no block time and no recorded consensus algorithm, and it exists across several ecosystems including Ethereum, Polygon, Fantom, Energi, and Sora. Inside the Nexo platform, the token functions as a loyalty and utility instrument, with a holder's NEXO balance influencing the tier of benefits they receive. Settlement and custody are managed by Nexo as a centralized operator rather than through a decentralized protocol.

The data stored here does not include a direct fee stream attributed to the NEXO token itself, so fee-based measures such as price-to-fees are not available on this page. The platform's business model is described as sustainability-oriented, operating through the spread between lending and savings rates, but those revenue flows are not broken down in the figures provided. The total value locked in the protocol stands at approximately 331,766,190 USD at the point of measurement, and the market-cap-to-TVL ratio is 2.59, meaning the token's market capitalization is roughly 2.59 times the value of assets the platform holds. The 30-day average trading volume relative to TVL is 0.015, indicating that trading volume over that window is a small fraction of assets locked.