Crypto
Frax
SymbolFRAX
CategoryStablecoins
NetworkMulti-chain
ConsensusHybrid Algorithmic
Market Cap$650M
$1.00+0.00 (+0.00%)
$1.00Open
$1.00High
$1.00Low
$1.00Prev Close
42.4MVolume (24h)
$650MMarket Cap
650M FRAXCirculating Supply
UnlimitedMax Supply
$1.14All-Time High
$0.87All-Time Low
$1.006M High
$1.006M Low
+0.00%YTD Change
+0.00%1Y Change
Multi-chainNetwork
Hybrid AlgorithmicConsensus
USDCurrency
Price Chart
At a Glance
Frax is a hybrid stablecoin protocol that initially pioneered fractional-algorithmic stability but has since moved to a fully collateralized model (Frax V3). The Frax ecosystem includes frxETH (liquid staking), Fraxlend, and Fraxswap, creating an integrated DeFi platform around the FRAX stablecoin.
Network Stats
$650MTotal Supply
100%Collateral Ratio
$480MfrxETH TVL
$120MFraxlend TVL
8Chains Deployed
4.8%sFRAX Yield
$50M24h Volume
48M FXS lockedGovernance (veFXS)
Key Drivers
Full Collateralization
bullishFrax V3 transition to 100% collateralization improves confidence and reduces algorithmic risk.
Integrated Ecosystem
bullishfrxETH, Fraxlend, and Fraxswap create synergies and capture value across multiple DeFi verticals.
Scale Gap
bearishFRAX supply is a fraction of USDT/USDC, limiting network effects and liquidity depth.