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Frax

Frax

FRAXLEGACY
#141
$0.9917Down 0.03 percent($0.00)

Key Stats

Market Cap$217.51MDown 0.03 percent
Volume (24h)$65.79K
Fully Diluted Value$217.51M
Vol/Mkt Cap (24h)0.03%
Total Supply219.31M FRAXLEGACY
Max Supply∞
Circulating Supply219.31M FRAXLEGACY
Launch Date2020-12-16
Built OnETH
Token StandardERC20
Smart Contract Address0x853d…b99e
Decimal Places18

Frax Information

Websites
frax.financeWhitepaper
Supported Standards
ERC-20
Industries
Stablecoin
Parent Asset
USD

Frax Price Converter

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Frax Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
FRAXERC20ETH0x853d955aCEf822Db058eb8505911ED77F175b99e2020-12-16
FRAXERC20ARB0x17fc002b466eec40dae837fc4be5c67993ddbd6f2021-09-27
FRAXSPLSOLFR87nWEUxVgerFGhZM8Y4AggKGLnaXswr1Pd8wZ4kZcp2021-09-14
FRAXERC20POL0x45c32fA6DF82ead1e2EF74d17b76547EDdFaFF892021-09-21
FRAXERC20OP0x2e3d870790dc77a83dd1d18184acc7439a53f4752022-01-09

About Frax

Legacy Frax Dollar is the stablecoin formerly known as FRAX. It was renamed in 2025 after the Frax North Star Proposal, which restructured the protocol’s branding and token roles. Legacy Frax Dollar preserves its dollar peg and remains supported for backward compatibility, while Frax’s active development is now centred on frxUSD and related stablecoin products.

Frequently Asked Questions

Frax is a decentralised finance protocol that initially launched in 2019 with the first fractional-algorithmic stablecoin, FRAX. The design combined partial collateralisation with algorithmic stabilisation. Alongside FRAX, the protocol introduced Frax Shares (FXS) as the governance token. The ecosystem expanded with other products including frxETH, sfrxETH, and the Fraxtal Layer-2 network.

In 2025, following approval of the Frax North Star Proposal (FIP-428), the original FRAX stablecoin was renamed Legacy Frax Dollar. This change separated the legacy design from newer stablecoin products in the Frax ecosystem, such as frxUSD and sfrxUSD, which are now the primary focus of development.

Legacy Frax Dollar is the renamed version of the original FRAX stablecoin. It maintains its peg to the US dollar and continues to be supported across protocols and integrations where FRAX was already in use. Legacy Frax Dollar can still be minted and redeemed in the same way as the original FRAX, but it is now classified as a legacy product.

The protocol’s development direction has shifted toward frxUSD and its derivatives, which feature enhanced mechanisms for stability and yield. Legacy Frax Dollar remains part of the ecosystem for continuity and backward compatibility, ensuring users and integrations are not disrupted by the rebrand.

Frax and its stablecoin system were created in 2019 by Sam Kazemian, with early collaboration from Stephen Moore. Kazemian introduced the fractional-algorithmic model that distinguished FRAX from fully collateralised or purely algorithmic stablecoins. Under his leadership, the Frax ecosystem has evolved into a multi-token platform with advanced stablecoins, staking products and its own Layer-2 network.