USD-pegged · algorithmic · #41 by USD value
Frax (FRAX) is a USD-pegged algorithmic stablecoin, backed by fractional-algorithmic. It currently ranks #41 among tracked stablecoins by circulating supply, and is deployed across 22 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 83.8% | $130.7M |
| Fraxtal | 6.0% | $9.3M |
| Harmony | 5.2% | $8.1M |
| Moonriver | 1.5% | $2.4M |
| Arbitrum | 1.2% | $1.9M |
| BSC | 0.5% | $718,698 |
| Avalanche | 0.4% | $616,388 |
| OP Mainnet | 0.4% | $575,647 |
| Moonbeam | 0.4% | $557,844 |
| Fantom | 0.3% | $529,895 |
| Polygon | 0.3% | $484,744 |
| Boba | 0.0% | $70,454 |
Frax (FRAX) is a USD-pegged stablecoin backed by fractional-algorithmic. Its peg mechanism is algorithmic, and it currently ranks #41 among tracked stablecoins by circulating supply.
FRAX has a circulating supply of $155.9M (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
FRAX is backed by Fractional-algorithmic. This means holders' claims are collateralized in that form, with reserves reported by the issuer.
FRAX is deployed across 22 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
FRAX shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; FRAX ranks #41.
| Full Name | Frax |
| Symbol | FRAX |
| Peg | USD |
| Peg Mechanism | algorithmic |
| Backing | Fractional-algorithmic |
| Chains Deployed | 22 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |