In a nutshell, FABRIC is a synthetic asset issuance protocol built on Solana. All synthetic assets are collateralized by FAB tokens and other supported collateral tokens. These must be locked in a collateral pool to enable the issuance of synthetic assets, known as SPL Synthetics.
Users directly interact with the FABRIC protocol, requiring no counterparties and avoiding common issues experienced on exchanges such as liquidity or slippage issues. Once minted, users can trade these SPL Synthetics on the Serum DEX.
Where is Fabric available for purchase?
You can exchange FAB tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Fabric is Raydium, notably the FAB/USDC pair, which saw a trading volume of $ 5.33 in the past day.
What is the highest value Fabric (FAB) has ever reached?
Fabric (FAB) reached its peak price at 0.4263 $ on 10 September 2021, approximately 4 years ago ago. Presently, the current price is -99.99% lower than this all-time high.
What is the historical minimum price for Fabric (FAB)?
The minimum price reached for Fabric (FAB) was 0.075351 $, documented on 15 July 2022, more than 3 years ago. In comparison, the current price is 1,468.17%, it above this historical low.
What is the fully diluted valuation of Fabric (FAB)?
The fully diluted valuation (FDV) of Fabric (FAB) stands at $ 407.54. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of FAB tokens. The realization of this FDV might take several years depending on the emission schedule of FAB tokens.