hiENS4 is a renowned project under the FractonX NFT fragmentation protocol. This unique platform specializes in the fractionalization of meticulously curated non-fungible tokens (NFT) into NFT-backed tokens known as hiNFTs. The groundbreaking approach by hiENS4 has significantly enhanced both accessibility and liquidity in the ever-booming NFT market.
About FractonX
FractonX has gained significant popularity through enabling trading of different hiNFTs on leading exchanges. Its transparency guarantee has positioned Fracton Protocol as one of the largest and rapidly growing NFT-Fi platforms, with over $10 million in Total Value Locked (TVL) and a commendable $3.3 billion life-time trading volume.
Project Development and History
The project has shown consistent growth over time, with notable performance even during market downturns. In less than a year, the total TVL of FractonX surged from zero to over 7,000 ETH. This significant achievement positions it as the first and only fractionalization protocol that bridges the NFT-Crypto divide. The project has further collaborated with a top 4 CEX to streamline the adoption process and enhance user experience. As a result, hiNFTs have become broadly traded among crypto enthusiasts, generating over 3.3 billion in trading volume in just under six months.
Future Plans for hiENS4
FractonX has ambitious plans for the future, aiming to fractionalize more blue-chip NFT collections. This approach will provide greater opportunities to bridge on-chain and off-chain worlds, thereby enhancing the potential of the NFT market.
Use Cases for the hiENS4 Token
The hiENS4 token plays a key role in this innovative ecosystem. It is used to unlock the liquidity of blue-chip NFTs and promote their adoption. Users can take advantage of the token to facilitate trades, Dollar-Cost Averaging (DCA), or generate profits through the MetaSwap system, which broadens the token's use-cases and potential for profitability.
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