Frxusd
Arbitrage
Sentiment
Projects
Live Frax USD market cap, peg deviation, mechanism, and per-chain supply distribution on Sharpe Terminal.
| # | Chain | Supply | Share | Trend | Distribution | ||
|---|---|---|---|---|---|---|---|
| 1 | Ethereum | $89.51M | 87.34% | −$12.09M | 0.21% | x | |
| 2 | Fraxtal | $9.02M | 8.80% | +$1.72M | 47.4% | x | |
| 3 | Sonic | $2.21M | 2.16% | −$2.22K | 15.0% | x | |
| 4 | Polygon | $461.08K | 0.45% | +$82.23K | 0.05% | x | |
| 5 | Base | $367.32K | 0.36% | +$64.05K | 0.01% | x | |
| 6 | Solana | $359.40K | 0.35% | −$24.88K | 0.01% | x | |
| 7 | OP Mainnet | $302.00K | 0.29% | −$2.97K | 0.10% | x | |
| 8 | Avalanche | $258.92K | 0.25% | −$19.72K | 0.06% | x | |
| 9 | BSC | $15.04K | 0.01% | +$201.00 | 0.00% | x | |
| 10 | Sei | $7.47K | 0.01% | −$57.00 | 0.02% | x | |
| 11 | Linea | $5.76K | 0.01% | −$4.14K | 0.02% | x |
| Chain | Chain Δ | Net Bridge Flow | Direction |
|---|---|---|---|
| Ethereum | +$43.76K | +$101.23K | ↘ Inbound |
Frax USD uses a hybrid model that allows for governance-approved enshrined custodians to mint/redeem the stablecoin by holding cash-equivalent reserves while also having onchain mechanisms built by the Frax Finance Protocol