Market cap
$293.9M
215.07 %
Volume (24h)
$304.56K
215.07 %
Circulating supply
296,739,777 FRAX
Total supply
1,044,853,133 FRAX
Frax (FRAX)
$ 0.99
215.07 %
Main info
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Key data
updated $0Market cap$293.9M
Volume 24h$304.56K
Circulating supply296.74M
Frax (ticker: FRAX) is a stablecoin — a type of cryptocurrency designed to hold a steady value pegged to the US dollar. What makes Frax stand out is its hybrid design: it was originally backed by a mix of collateral reserves and algorithmic mechanics, making it the first 'fractional-algorithmic' stablecoin. Today it operates as a fully collateralized dollar-pegged token used across DeFi apps for trading, lending, and payments.
Frequently asked questions
What is Frax and how is it different from other stablecoins?
FRAX is a decentralized stablecoin that aims to stay pegged to the US dollar. Unlike purely fiat-backed stablecoins such as USDC or purely algorithmic ones, Frax pioneered a fractional model that combined collateral with algorithmic supply adjustments. This hybrid approach was its key innovation, though the protocol has since shifted toward full collateralization for stability.
How does Frax maintain its dollar peg?
The Frax protocol uses arbitrage mechanisms: when FRAX trades above or below $1, users can mint or redeem it against collateral, which pushes the price back toward the peg. The system is governed by the FXS governance token, which absorbs volatility and lets holders vote on protocol parameters. Over time the protocol has refined its collateral strategy to prioritize reliability.
How is FRAX issued?
New FRAX is minted when users deposit accepted collateral into the protocol, and it's burned when users redeem FRAX back for that collateral. This means supply expands and contracts with real demand rather than being fixed or mined like Bitcoin. The protocol's smart contracts manage this process transparently on-chain.
How can I store and use FRAX?
Since FRAX is an ERC-20 token, you can store it in any Ethereum-compatible wallet like MetaMask, Rabby, or a hardware wallet such as Ledger. It's widely used in DeFi for providing liquidity, lending, and as a stable medium of exchange on decentralized exchanges. Always make sure you're interacting with the genuine FRAX contract address.