Frax
FRAXAlgorithmic USD-pegged Rank #44
Price
$0.992059
-0.79% off peg
Market Cap
$153.72M
Market Cap
$153.72M
Dominance
0.05%
of market
Price
$0.992059
% Off Peg
-0.79%
24h Supply
-0.35%
7d Supply
-2.53%
30d Supply
-0.83%
Networks
22
chains
Circulating Supply
Total FRAX across all chains
$229.07M
$128.60M
Sep 5, 2025
Sep 3, 2026
Chain Distribution
Current supply by network
Ethereum
$129.69M 83.0%
Fraxtal
$13.22M 8.5%
Harmony
$8.14M 5.2%
Arbitrum
$1.89M 1.2%
BSC
$724.2K 0.5%
Avalanche
$621.1K 0.4%
OP Mainnet
$580.1K 0.4%
Fantom
$534.0K 0.3%
Polygon
$488.5K 0.3%
Near
$151.9K 0.1%
Others (5)
$147.5K 0.1%
About Frax
Frax attempts to be the first stablecoin protocol to implement design principles of both collateralized and algorithmic stablecoins to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money.
Mint & redeem
Using the Frax Finance app, FRAX can be minted by locking USDC and burning FXS in a proportion determined by the protocol's collateral ratio.
Links & references
Official website View on DefiLlama View on CoinGecko Twitter / X DefiLlama wiki Audit / transparency
Contract 0x853d…b99e
