Frax

It belongs to the Stablecoins sector (Hybrid Stablecoins). It has traded since Dec 17, 2020, with $2.16K of volume in the last 24 hours. Its all-time high of $49.76 was reached on Dec 20, 2020; the current price is 99.5% below that peak. Its cycle low of $0.22101 came on Jun 29, 2026.

Development data lists 31 core developers and 58,576 code commits. On Polygon, 45,418 addresses hold FRAX. It is available on 2 networks.

Frax Finance is a DeFi protocol known for its hybrid stablecoin model that combines both collateralized and algorithmic mechanisms to maintain price stability. Key features of Frax Finance include: • Stablecoins: Frax issues multiple stablecoins, most notably the USD-pegged FRAX, the Frax Price Index (FPI) stablecoin (pegged to a basket of consumer goods), and Frax Ether (frxETH), pegged to ETH • Hybrid Stability Mechanism: The FRAX stablecoin maintains its $1 peg through a combination of collateral (like USDC, USDT, and other stablecoins) and algorithmic market operations, which are governed by holders of the Frax Share (FXS) token • Decentralized Governance: The protocol is governed by the Frax DAO, where FXS token holders participate in decision-making and protocol upgrades • Ecosystem: Frax includes subprotocols such as Fraxlend (lending), Fraxswap (DEX), and Fraxferry (cross-chain bridging)