Flying Tulip (FT)
CryptoScore Pro global score : 56/100 (computed on 2026-10-29)
Flying Tulip (FT) is an ERC-20 token deployed on Ethereum and cross-listed on multiple chains—including BNB Chain, Avalanche, Base, and Sonic—positioning itself as a DeFi-native asset within the broader derivatives and perpetuals trading ecosystem. Launched under the Fracton Protocol, FT operates as a utility token facilitating access to decentralized trading infrastructure, though its precise functional role remains underexplained beyond its association with a protocol that appears dormant since 2022. The token’s multi-chain deployment suggests an ambition to bridge liquidity across ecosystems, yet its integration with active DeFi protocols is unclear, given the absence of verified partnerships or audited smart contracts. With a market capitalization of 67.5 million USD and a circulating supply of 487 million tokens, FT trades at 0.1387 USD, reflecting a 17.8% discount from its all-time high of 0.1674 USD and a 107% surge from its 2026 low of 0.0670 USD. This volatility, coupled with a TVL of 9.3 million USD and a 32.6% weekly decline, underscores a speculative market dynamic with limited fundamental anchoring. Technologically, Flying Tulip is built as an ERC-20 token on…
Scores by pillar
| Technology | 33/100 |
|---|---|
| Tokenomics | 92/100 |
| Team | 42/100 |
| Adoption | 59/100 |
| Liquidity | 38/100 |
| Compliance | 53/100 |
Market data
| Price | $0.1515 |
|---|---|
| Market cap | $73.70M |
| 24h volume | $67,139.02 |
| Market cap rank | #395 |
| 24h change | +22.15% |
| 7d change | +10.88% |
| Blockchain | Ethereum |
| Sector | DeFi |
Analysis
Flying Tulip relies on the Fracton protocol to facilitate derivatives trading. This ERC-20 token, the Ethereum token standard, runs on Ethereum and several other chains. Its maturity is low, as the protocol appears to have been inactive since 2022.