What Frax Ether is
Frax Ether (FRXETH) is a liquid-staking / restaking derivative token, currently ranked 166th by market capitalization among the assets we track. Frax Ether is a liquid-staking token: it represents staked capital (usually ETH) while staying tradeable, so holders earn staking yield without locking their funds. Its value is the underlying stake plus accrued rewards.
Frax Ether (FRXETH) is a decentralized stablecoin that is partially backed by Ether (ETH) and aims to maintain a stable value through an innovative mechanism. It is part of the Frax ecosystem, which focuses on providing a stable and scalable monetary solution.
How the yield and peg work
Holding Frax Ether is holding staking yield in liquid form. The main risks are the staking provider's smart contracts and any divergence between the token's market price and the redeemable value of the stake.
Background & fundamentals
In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Binance Coin (BNB) Token (BEP-20), and Optimism Ecosystem.
Where Frax Ether sits in the market
At $1,579, Frax Ether carries a market capitalization of $203.62M. Around $84.70K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.04% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Frax Ether carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. The token is roughly -68% under its record of $4,905 — a meaningful but not catastrophic drawdown.
What the price history shows
Across timeframes, FRXETH shows 24-hour +0.42%, 7-day -4.34%.
Volatility profile
Recent action puts Frax Ether in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate a liquid-staking token like Frax Ether
The honest checklist for FRXETH is short:
- Peg to underlying — whether FRXETH trades close to the value of the stake it represents.
- Provider risk — the smart-contract and validator risk of the staking protocol behind FRXETH.
- Yield and unlocks — the staking yield and how withdrawal queues behave under stress.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
