It belongs to the DeFi sector (Decentralized Liquid Staking Tokens). It has traded since Nov 23, 2022, across 30 markets on 13 exchanges, with $453.14K of volume in the last 24 hours. Its all-time high of $13,257.84 was reached on Feb 3, 2023; the current price is 83.2% below that peak. Its cycle low of $1,386.72 came on Mar 11, 2023.
60,010 FRXETH are in circulation. 4 team members are listed. It is available on 9 networks.
About Frax Ether
Frax Ether (frxETH) is a liquid ETH staking derivative and stablecoin system within the Frax Finance ecosystem. It offers a simplified and DeFi-native approach to earning interest on ETH by leveraging Frax's stablecoin expertise. The system consists of frxETH, a stablecoin loosely pegged to ETH, and Staked Frax Ether (sfrxETH), which accrues staking yield. Through the Frax ETH Minter, users can exchange ETH for frxETH, bringing ETH into the Frax ecosystem and participating in the staking process. Frax Ether aims to provide a convenient and accessible way for users to earn yield on their ETH holdings while maintaining liquidity and composability in the DeFi space.
Ethereum