FRAX Frax USD
USD-pegged · algorithmic · #41 by USD value
Peg history unavailable for FRAX — we only hold daily price history for coins with a CoinGecko listing in our tracked set.
Supply Over 90 Days
About Frax
Frax is an algorithmic stablecoin issued by Frax Finance. The issuer has not published a reserve breakdown we track. Supply spans 17 chains, with Ethereum holding 82% of it. Figures on this page come from DefiLlama and refresh daily at 00:00 UTC.
Chain Distribution supply by blockchain
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 82.4% | $130.3M |
| Fraxtal | 7.5% | $11.9M |
| Harmony | 5.1% | $8.1M |
| Moonriver | 1.5% | $2.4M |
| Arbitrum | 1.2% | $1.9M |
| BSC | 0.5% | $717,561 |
| Avalanche | 0.4% | $615,414 |
| OP Mainnet | 0.4% | $574,737 |
| Moonbeam | 0.4% | $556,962 |
| Fantom | 0.3% | $529,058 |
| Polygon | 0.3% | $483,978 |
| Boba | 0.0% | $70,342 |
Supply Changes
Frequently Asked Questions
What backs FRAX?
FRAX is an algorithmic stablecoin. The issuer is Frax Finance. We do not track a published reserve breakdown for it, so no backing composition is shown on this page.
How is FRAX different from USDT and USDC?
USDT and USDC are the two largest USD stablecoins by circulation. FRAX shares the USD peg but differs in issuer, chain mix, and where it is accepted. Use the comparison pages below for a field-by-field breakdown.
Where does the data on this page come from?
Circulating supply and chain distribution come from DefiLlama's stablecoin API; price and 24h volume come from CoinGecko. The page rebuilds daily at 00:00 UTC. Non-USD coins are converted to USD-equivalent using approximate reference rates, so those figures are indicative rather than exact.
Details
| Full Name | Frax |
| Symbol | FRAX |
| Peg | USD |
| Peg Mechanism | algorithmic |
| Backing | Fractional-algorithmic |
| Issuer | Frax Finance |
| Chains Deployed | 22 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-08-09 · refreshes daily 00:00 UTC |