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Crypto

Frax

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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

bullish

Frax V3 transition to 100% collateralization improves confidence and reduces algorithmic risk.

Integrated Ecosystem

bullish

frxETH, Fraxlend, and Fraxswap create synergies and capture value across multiple DeFi verticals.

Scale Gap

bearish

FRAX supply is a fraction of USDT/USDC, limiting network effects and liquidity depth.

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