What is Legacy Frax Dollar?
Legacy Frax Dollar (FRAX) is a stablecoin currently ranked 161st by market capitalization across all crypto assets we track. Stablecoins are designed to track a target value (most often $1). They are the primary on-chain settlement layer for trading, lending, and remittance.
Market position
At the current price of $0.9928, Legacy Frax Dollar carries a market capitalization of $273.86M. Daily trading volume across exchanges sits at roughly $845.44K. That works out to a 24-hour turnover of about 0.31% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.
Price action across timeframes
Over the past 24 hours, Legacy Frax Dollar has moved -0.02%; over the past week, Legacy Frax Dollar has moved -0.21%; over the past 30 days, Legacy Frax Dollar has moved -6.71%; over the past year, Legacy Frax Dollar has moved -89.16%. The trend reads as broadly negative across timeframes — short-, mid-, and long-term momentum align downward.
Cycle position
Legacy Frax Dollar is currently trading within striking distance of its all-time high (all-time high of $1.05, -5.5% from peak). A markup phase where momentum traders pay close attention. From its all-time low of $0.0200, current pricing represents a +4,864% recovery.
Supply & dilution
The circulating supply stands at 276,015,184 FRAX. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.
Volatility profile
Recent price action puts Legacy Frax Dollar in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets. Over the past 30 days, the 30-day move totals -6.71%, which traders should weigh against position sizing and stop-loss placement.
How to evaluate Legacy Frax Dollar
A balanced read on FRAX 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 FRAX 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 (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. Source: CoinPaprika.com