About Frax Share

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.

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The protocol incorporates the following concepts:

Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management.

Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.

Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.

Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.

Frax Share Technical Details

Network

Blockchain
Arbitrum, Ethereum

Frax Share FAQ

What is the price of Frax Share today?

As of Apr 6, 2026, Frax Share trades at $0.40.

What is the market cap rank of Frax Share?

Frax Share is currently ranked #446 by market cap.

What is the market cap of Frax Share?

Frax Share has a market capitalization of $37,739,833.50.

What is the 24-hour trading volume of Frax Share?

Frax Share has a 24-hour trading volume of $1,048,959.98.

How much has Frax Share increased or decreased in the last hour?

Frax Share has decreased by 0.32% over the last hour.

How much has Frax Share increased or decreased in the last 24 hours?

Frax Share has increased by 1.52% over the last 24 hours.

How much has Frax Share increased or decreased in the last 7 days?

Frax Share has decreased by 5.13% over the last 7 days.

How much has Frax Share increased or decreased in the last 30 days?

Frax Share has decreased by 31.31% over the last 30 days.

How much has Frax Share increased or decreased in the last 60 days?

Frax Share has decreased by 50.39% over the last 60 days.

How much has Frax Share increased or decreased in the last 90 days?

Frax Share has decreased by 38.91% over the last 90 days.

What is the all-time high of Frax Share?

Frax Share reached an all-time high of $42.67, recorded on Apr 3, 2022.

How far is Frax Share from its all-time high?

Frax Share is currently 99.07% below ATH.

What is the all-time low of Frax Share?

Frax Share recorded an all-time low of $0.38, recorded on Apr 5, 2026.

How much is Frax Share up since its all-time low?

Frax Share is currently 2.81% above ATL.

What is the circulating supply of Frax Share?

Frax Share has a circulating supply of 95,401,284.02.

What is the total supply of Frax Share?

Frax Share has a total supply of 99,681,495.59.

What is the max supply of Frax Share?

Frax Share has a max supply of 99,681,495.59.

What is the fully diluted valuation of Frax Share?

Frax Share has a fully diluted valuation of $39,433,044.17.

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