What is Frax USD?

Frax USD (FRXUSD) is an altcoin currently ranked 310th by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.

Market position

At the current price of $0.9998, Frax USD carries a market capitalization of $82.77M. Daily trading volume across exchanges sits at roughly $2.65M. That works out to a 24-hour turnover of about 3.21% of the float — consistent with healthy market activity for a mid-to-large cap asset.

Price action across timeframes

Over the past week, Frax USD has moved -0.06%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.

Cycle position

Frax USD is currently trading well below its all-time high (all-time high of $1.61, -37.8% from peak). A markdown phase — early enough to position, but proceed with care.

Supply & dilution

The circulating supply stands at 82,781,683 FRXUSD. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Frax USD in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets.

How to evaluate Frax USD

A balanced read on FRXUSD typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is FRXUSD performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Frax USD (FRXUSD) is a fully decentralized, algorithmic stablecoin that aims to maintain a stable value by leveraging a fractional reserve system. It combines the benefits of decentralized finance with on-chain governance for improved stability and transparency. Source: CoinPaprika.com