Frax Price Index
FPIAlgorithmic VAR-pegged Rank #139
Price
$1.1418
Market Cap
$8.00M
Market Cap
$8.00M
Dominance
0.00%
of market
Price
$1.1418
% Off Peg
—
24h Supply
0.00%
7d Supply
0.00%
30d Supply
-92.78%
Networks
2
chains
Circulating Supply
Total FPI across all chains
$85.03M
$6.14M
Jul 20, 2025
Jul 17, 2026
Chain Distribution
Current supply by network
Ethereum
$5.89M 95.9%
ZKsync Era
$250.0K 4.1%
About Frax Price Index
The Frax Price Index (FPI) is the second stablecoin of the Frax Finance ecosystem. FPI is a stablecoin pegged to a basket of real-world consumer items as defined by the US CPI-U average.
Mint & redeem
Using the Frax Finance app, users swap FRAX to mint FPI at the current exchange rate. FPI can be redeemed for FRAX at any time.
Links & references
Official website View on DefiLlama View on CoinGecko Twitter / X DefiLlama wiki
Contract 0x5ca1…e08e
