What is Frax?

Frax is one of the stablecoins listed on DeFiLlama. Use the chart above to view market-cap history, the chain breakdown to see where supply is deployed, and the peg deviation indicator to monitor stability against its target currency.

FRAX chain footprint

Frax is currently deployed on 16 chains with the largest balance on Ethereum (80.9% of supply). Mechanism: Algorithmic. Live circulating supply is $189.34M, with a 24h change of 1.00% and 30d change of -3.66%.

FRAX risks and peg history

Stablecoin holders should consider issuer credit risk, reserve quality, peg history, and concentration on individual chains or exchanges. Sharpe surfaces Frax's live peg deviation and supply distribution but does not provide investment advice.

Frequently Asked Questions

What is Frax (FRAX)?

Frax (FRAX) is a stablecoin tracked on Sharpe Terminal. The token's market cap, peg, mechanism, and chain distribution are refreshed every 10 minutes.

Which chains support FRAX?

FRAX is deployed on multiple blockchains; the chain-by-chain breakdown above lists current circulating supply on each chain.

Is FRAX stable?

FRAX's current price and peg deviation are shown above. Sustained deviation greater than 1% indicates redemption stress; deviation under 0.25% is considered tight.

Where can I buy FRAX?

FRAX is typically available on the issuer's site (mint/redeem) and on major centralized and decentralized exchanges. Use the chain breakdown above to identify which chain has deepest liquidity for FRAX.