NEXO

NEXO is the native token of Nexo, a centralized digital-asset wealth platform that has operated since 2018 across more than 200 jurisdictions. The platform targets crypto holders who want to earn interest on their holdings, take out loans backed by their crypto, or access trading tools and a crypto-linked debit and credit card. The NEXO token is designed to give platform users additional benefits, such as earning annual interest of up to 12% on tokens held in designated Nexo account wallets.

NEXO is not a blockchain with its own consensus mechanism; the token exists across several networks including Ethereum, Polygon, Fantom, Energi, and Sora, functioning as a utility and loyalty token inside the Nexo centralized platform rather than powering a decentralized protocol. Within Nexo's system, holding the token can influence the interest rates, loan terms, and fee tiers a user receives. Because it is issued and managed by a centralized company, its settlement and custody depend on Nexo's own infrastructure rather than on a public consensus algorithm.

The data stored for NEXO does not include a direct on-chain fee stream attributed to the token itself; revenue is generated by Nexo the company through its lending, trading, and savings products, and the NEXO token gives holders a share of platform benefits rather than a programmatic claim on protocol fees. The platform reports a total value locked of approximately 309,698,527 USD at the point this data was captured, which had declined by roughly 1.93% over the trailing seven days. The 30-day average trading volume relative to that locked value stands at about 0.0148, and the market capitalization relative to total value locked is approximately 2.60, meaning the market cap is roughly 2.6 times the value of assets the platform holds. Because no explicit protocol fee distribution mechanism is captured in the data, fee-based yield metrics that this site might apply to other assets are not directly applicable here.