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Frax

Frax Finance is a stablecoin protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. FRAX v3 is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve.

What is Frax?

Frax is a decentralized stablecoin protocol that issues multiple stablecoins, including FRAX, FPI, and frxETH. FRAX is pegged to the US dollar, FPI is pegged to a basket of consumer goods, and frxETH is pegged to Ethereum. The protocol utilizes Algorithmic Market Operation (AMO) smart contracts and permissionless subprotocols to maintain stability.

How Does Frax Work?

Frax operates by combining collateralization with algorithmic mechanisms. Initially, FRAX was partially collateralized and partially algorithmic, but it transitioned to a fully collateralized model in 2023. The protocol employs AMO modules to perform monetary actions that ensure FRAX's price stability. Additionally, Frax has developed subprotocols like Fraxlend, a decentralized lending market, and Fraxswap, an automated market maker, to enhance its ecosystem.

What Makes Frax Unique?

Frax stands out due to its innovative approach to stablecoin design, integrating both collateralized and algorithmic elements. The protocol's AMO modules allow for adaptive monetary policies, and its suite of products, including Fraxlend and Fraxswap, contribute to a comprehensive DeFi ecosystem. Furthermore, Frax's commitment to full collateralization and its development of unique stablecoins like FPI and frxETH demonstrate its dedication to innovation.

Who Are the Founders of Frax?

Frax Finance was founded by Sam Kazemian, an Iranian-American software programmer born in 1993. Kazemian previously co-founded Everipedia, a for-profit, wiki-based online encyclopedia. Other co-founders include Stephen Moore, Jason Huan, and Travis Moore, who also serves as the Chief Technology Officer.

Latest News

What Key Events Have There Been for Frax?

In June 2023, Frax Finance announced plans to launch its own Layer 2 scaling solution, Fraxchain, by the end of the year. This development aimed to enhance the scalability and efficiency of the Frax ecosystem. Additionally, in July and August 2023, Frax Finance released monthly reports detailing updates on various projects, including comprehensive guides on Liquid Staking tokens and Staked Frax ETH (sfrxETH).

Project Announcements

Frax Finance has been actively developing its platform and expanding its product range. The introduction of Fraxchain, a Layer 2 scaling solution, and the release of detailed reports on Liquid Staking tokens and sfrxETH are indicative of the project's commitment to growth and innovation.

Upcoming Events

No data

Projects Announcements

Where to Buy Frax?

FRAX tokens can be exchanged on both decentralized and centralized crypto platforms. Popular choices for purchasing and trading FRAX include Curve (Ethereum), notably the FRAX/FRAX pair, Uniswap V3 (Ethereum), and Fraxswap (Ethereum).

Frax Price

Daily Trading Volume

As of July 4, 2025, the daily trading volume for FRAX is approximately $10.2 million.

All-Time High

FRAX reached its peak price of $1.14 on February 7, 2021, which is approximately 13.02% higher than the current price.

All-Time Low

The minimum price for FRAX was $0.8745 on March 11, 2023, which is approximately 13.37% below the current price.

Market Cap and Valuation

Market Cap

As of July 4, 2025, FRAX has a market capitalization of approximately $319.56 million, ranking it among the top stablecoins by market cap.

Fully Diluted Valuation

The fully diluted valuation of FRAX is approximately $319.82 million, considering the total supply of tokens.

Frax Price Prediction

While specific price predictions for FRAX are not available, factors influencing its price include market sentiment, adoption rates, and the overall stability of the cryptocurrency market. It's important to note that stablecoins like FRAX are designed to maintain a consistent value, typically pegged to a fiat currency like the US dollar.

FAQ

What is the Purpose of Frax?

How Can I Participate in Frax's Ecosystem?

What Sets Frax Apart from Competitors?

Is Frax Secure?

What are the Risks Associated with Frax?

Community Sentiment

5.35K Votes

50% 50%

FXS

2.218

-1.60%

Trading Volume (24h)

2447.6975135627367 5466.783248809199

Circulating MCAP

$221.09M

Fully Diluted Valuation

$221.09M

Circulating Supply

99681495.47261804

Total Supply

99681495.59

Max Supply

99681495.59

Contract Address

0x3432...64d0

Go to Trade

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.