What Frax is
Frax is a crypto-collateralized / algorithmic stablecoin, currently ranked 96th by market capitalization among the assets we track. Frax is a crypto-collateralized or algorithmic stablecoin: instead of a bank account full of dollars, its peg is defended by on-chain collateral and protocol logic. That makes it more decentralized — and a different risk shape — than a fiat-backed token.
Frax (FRAX) is a stablecoin protocol that combines a partially algorithmic stablecoin and collateral-backed stablecoin to provide a scalable and decentralized stablecoin solution. It aims to maintain price stability while enabling users to participate in liquidity provision and governance.
How the peg is engineered
Stability comes from protocol rules rather than a custodian. That earns decentralization points, but it means the design has to survive exactly the market conditions that stress every crypto asset at once.
Background & fundamentals
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Binance Coin (BNB) Token (BEP-20), and Fantom (FTM) Token.
Where Frax sits in the market
At $0.9897, Frax carries a market capitalization of $293.70M. Around $203.01K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.07% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Measured from its all-time low of $0.0200, FRAX is up +4,849%.
What the price history shows
The tape currently reads 24-hour -0.07%, 7-day +0.26%, 30-day -14.78%, 1-year -86.41%. FRAX is currently trading near the bottom of its 138-day range (around the 0th percentile of recent closes).
Volatility profile
Recent action puts Frax in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals -14.78%, a useful input for stop placement and position sizing.
How to evaluate Frax
The honest checklist for FRAX is short:
- Collateral backing — what secures FRAX, how over-collateralized it is, and how correlated that collateral is to the rest of crypto.
- Mechanism resilience — whether the peg has survived prior drawdowns, and how liquidations behave under stress.
- Decentralization trade-off — how much trust moves from a custodian to code — and whether that code has been battle-tested.
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.
