# Legacy Frax Dollar (FRAX)

**Current Price:** $0.9918 (📈 +0.15% 24h)

**Price in BTC:** 0.00001458 BTC

**Rank:** #158

---

## Market Statistics

| Metric | Value |
|--------|-------|
| Market Cap | $273.8M |
| Fully Diluted | $273.8M |
| Volume (24h) | $2.4M |
| Vol/Mkt Cap | 0.86% |
| Total Supply | 276,015,184 |
| Circulating Supply | 276,015,184 |

---

## Price Changes

| Period | Change |
|--------|--------|
| 1 Hour | -0.03% |
| 24 Hours | +0.15% |
| 7 Days | -0.09% |

### All-Time Records

- **All-Time High:** $1.14 (-13.03% from ATH) on Feb 7, 2021
- **All-Time Low:** $0.87 (+13.41% from ATL) on Mar 11, 2023

---

## Contract Addresses

- **Ethereum:** `0x853d955acef822db058eb8505911ed77f175b99e`
- **Optimism:** `0x2e3d870790dc77a83dd1d18184acc7439a53f475`
- **Binance Smart Chain:** `0x90c97f71e18723b0cf0dfa30ee176ab653e89f40`
- **Avalanche:** `0xd24c2ad096400b6fbcd2ad8b24e7acbc21a1da64`
- **Polygon POS:** `0x45c32fa6df82ead1e2ef74d17b76547eddfaff89`
- **Fantom:** `0xdc301622e621166bd8e82f2ca0a26c13ad0be355`
- **Harmony Shard 0:** `0xfa7191d292d5633f702b0bd7e3e3bccc0e633200`
- **Arbitrum One:** `0x17fc002b466eec40dae837fc4be5c67993ddbd6f`
- **Moonriver:** `0x1a93b23281cc1cde4c4741353f3064709a16197d`
- **Evmos:** `0xe03494d0033687543a80c9b1ca7d6237f2ea8bd8`
- **Moonbeam:** `0x322e86852e492a7ee17f28a78c663da38fb33bfb`
- **Polygon zkEVM:** `0xff8544fed5379d9ffa8d47a74ce6b91e632ac44d`
- **Boba Network:** `0x7562f525106f5d54e891e005867bf489b5988cd9`
- **Aurora:** `0xe4b9e004389d91e4134a28f19bd833cba1d994b6`

---

## Website

- [frax.finance](<https://frax.finance>)

---

## Explorers

- [etherscan.io](<https://etherscan.io/token/0x853d955acef822db058eb8505911ed77f175b99e>)
- [ethplorer.io](<https://ethplorer.io/address/0x853d955acef822db058eb8505911ed77f175b99e>)
- [polygonscan.com](<https://polygonscan.com/token/0x45c32fa6df82ead1e2ef74d17b76547eddfaff89>)
- [bscscan.com](<https://bscscan.com/token/0x90c97f71e18723b0cf0dfa30ee176ab653e89f40>)
- [avascan.info](<https://avascan.info/blockchain/c/address/0xd24c2ad096400b6fbcd2ad8b24e7acbc21a1da64>)
- [snowtrace.io](<https://snowtrace.io/token/0xd24c2ad096400b6fbcd2ad8b24e7acbc21a1da64>)
- [moonriver.moonscan.io](<https://moonriver.moonscan.io/token/0x1a93b23281cc1cde4c4741353f3064709a16197d>)
- [arbiscan.io](<https://arbiscan.io/token/0x17fc002b466eec40dae837fc4be5c67993ddbd6f>)
- [scan.meter.io](<https://scan.meter.io/address/0xdc301622e621166bd8e82f2ca0a26c13ad0be355>)
- [avascan.info](<https://avascan.info/blockchain/c/address/0xd24c2ad096400b6fbcd2ad8b24e7acbc21a1da64/token>)

---

## Categories

- [Avalanche Ecosystem](<https://coinstats.app/categories/62cf32500fe1c959b31bfa2a/>)
- [Polygon Ecosystem](<https://coinstats.app/categories/62cf32500fe1c959b31bfa2f/>)
- [Decentralized Finance \\(DeFi\\)](<https://coinstats.app/categories/62cf32500fe1c959b31bfa33/>)
- [Arbitrum Ecosystem](<https://coinstats.app/categories/62cf32500fe1c959b31bfa3d/>)
- [Fantom Ecosystem](<https://coinstats.app/categories/62cf32500fe1c959b31bfa3f/>)
- [Stablecoins](<https://coinstats.app/categories/62cf32500fe1c959b31bfa4e/>)
- [USD Stablecoin](<https://coinstats.app/categories/62cf32500fe1c959b31bfa50/>)
- [Harmony Ecosystem](<https://coinstats.app/categories/62cf32500fe1c959b31bfa80/>)
- [Seigniorage](<https://coinstats.app/categories/62cf32500fe1c959b31bfa95/>)
- [BNB Chain Ecosystem](<https://coinstats.app/categories/62df90f00fe1c959b306feb6/>)
- [Moonriver Ecosystem](<https://coinstats.app/categories/62df90f00fe1c959b306feb7/>)
- [Ethereum Ecosystem](<https://coinstats.app/categories/62df90f00fe1c959b306feb9/>)
- [Moonbeam Ecosystem](<https://coinstats.app/categories/62df90f00fe1c959b306febe/>)
- [Optimism Ecosystem](<https://coinstats.app/categories/63071df035185bc1cf954aa0/>)
- [Aurora Ecosystem](<https://coinstats.app/categories/663cc47e35f1c3f1ed24f04f/>)
- [Polygon zkEVM Ecosystem](<https://coinstats.app/categories/663cc65935f1c3f1ed24f057/>)
- [Evmos Ecosystem](<https://coinstats.app/categories/663cc74b35f1c3f1ed24f05c/>)
- [Boba Network Ecosystem](<https://coinstats.app/categories/66547d0264d74b7897aa1fc9/>)
- [Fiat\\-backed Stablecoin](<https://coinstats.app/categories/669e515f872c30492b6f4172/>)

---

## Community

- [Telegram](<https://t.me/fraxfinance>)
- [Twitter](<https://twitter.com/fraxfinance>)

---

## About Legacy Frax Dollar

<p><a href="https://frax\.finance/"><u>Frax Finance</u></a> is a project featuring the FRAX token, an Ethereum\-based algorithmic stablecoin that is partially collateralized\. The token is fractional\-algorithmic, which is an innovative category of stablecoins, where part of the supply is backed by collateral and part of it is algorithmic\.</p>
<p><br></p>
<p>Frax protocol is the first fractional algorithmic stablecoin system designed to provide scalable and decentralized algorithmic money in place of fixed\-supply digital assets\.</p>
<p><br></p>
<p>The Frax system offers fast transactions, ultra\-low fees, and the ability to trade directly with other cryptocurrencies\.</p>
<p><br></p>
<p>Check the current Frax price, market cap, circulating supply, trading volume, historical statistics, etc\., along with in\-depth information on several of the biggest and fastest\-growing cryptocurrencies on<a href="https://coinstats\.app/"> <u>CoinStats</u></a>, one of the best crypto platforms around\.</p>
<p><br></p>
<p>CoinStats is a cryptocurrency research and portfolio tracker app that provides investment advice and valuable information on cryptocurrencies, including their real\-time prices, to help investors make better decisions\.</p>
<p><br></p>
<p>Read on to learn everything you need to know about the Frax platform and the FRAX token\.</p>
<p><br></p>
<h2>What Is the Frax Protocol \(FRAX\)</h2>
<p><br></p>
<p>Frax is an open\-source, permissionless protocol that runs exclusively on the blockchain\. It's the first stablecoin system that uses a fractional algorithm and the only 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\.</p>
<p><br></p>
<p>The Frax protocol is a two\-token system encompassing a stablecoin, Frax \(FRAX\), and a governance token, Frax Shares \(FXS\)\. FXS is a financial investment and governance asset, whereas Frax is a cryptocurrency\-tokenized currency\.</p>
<p><br></p>
<p>Frax protocol aims to serve as a DeFi \(decentralized finance\) money market that offers scalable, decentralized algorithmic money in lieu of fixed\-supply digital assets such as Bitcoin\. One of the use cases of the Frax stablecoin is providing investors with the option to earn interest on their crypto assets through DeFi markets\. As FRAX price is stable, it reduces the impacts of market volatility\.</p>
<p><br></p>
<p>To maintain the 1:1 peg to the USD, Frax balances the collateralized and algorithmic portions of the FRAX stablecoin\. So, in the case of the FRAX price surpassing $1, the protocol reduces the collateral ratio\. If the FRAX price goes below $1, the system increases the ratio of collateral\. In the process of minting new FRAX stablecoins, the circulating supply of Frax Shares decreases\. Additionally, when the protocol reduces the ratio of collateralization, an increased number of FXS tokens are burned for a corresponding amount of FRAX, which increases FXS value\.</p>
<p><br></p>
<p>The price of Frax Shares \(FXS\), on the other hand, is volatile\. FXS empowers the system with the governance and utility carried out through it\. FXS is needed to mint new FRAX stablecoins, vote on proposals, and pay for protocol fees\.</p>
<p><br></p>
<p>In the future, Frax Finance aims to support various currencies and become a permissionless measurement of value\.</p>
<p><br></p>
<h2>How Many FRAX and FXS Coins Are There in Circulation</h2>
<p><br></p>
<p>The supply of FRAX stablecoin is constantly changing due to its fractional\-algorithmic monetary policy\. This means that the supply continually changes to keep the FRAX price equal to $1\. As of January 16, 2022, over 2 billion FRAX tokens are in circulation\. The token is among the ten <a href="https://www\.coingecko\.com/en/categories/stablecoins"><u>largest stablecoins</u></a> with over a $2 billion market cap\.</p>
<p><br></p>
<p>FXS tokens have had a hard cap of 100 million at the start of the protocol; however, the amount in circulation is deflationary as FXS is used to mint new FRAX stablecoins\. According to the technical architecture of the Frax Protocol, the supply of Frax Shares Tokens decreases along with the growing demand for the FRAX stablecoins\.</p>
<p><br></p>
<p>When the FRAX adoption and usage grows, the system burns FXS tokens, removing them from circulation\.</p>
<p><br></p>
<p>As of January 16, 2022, FXS has a circulating supply of around 35\.6 million tokens and a market cap of over $587 million\.</p>
<p><br></p>
<h2>Who Founded the FRAX Protocol</h2>
<p><br></p>
<p>Sam Kazemian, an American software developer, came up with the idea of a fractional\-algorithmic stablecoin in 2019 and founded the Frax Protocol\.</p>
<p>The Frax team includes Travis Moore and Jason Huan, two of the company's leading engineers\.</p>
<p><br></p>
<p>Sam Kazemian came up with the concept when he noticed that the number of stablecoins was rapidly increasing, but none of them combined algorithmic monetary policy with collateralization\. Algorithmic monetary policy projects had either failed or been shut down because of a lack of traction in the real world\. So, Frax was created to gauge the market's confidence in a stablecoin that is both partially algorithmic and partially collateralized\.</p>
<p><br></p>
<h2>The Frax Platform and Its Products</h2>
<p><br></p>
<p>To leverage the possibilities of DeFi, Frax Finance offers several services and products such as yield farming, staking, lending, etc\. Below are some of FRAX Finance's products and services\.</p>
<p><br></p>
<h4>veFTX token</h4>
<p><br></p>
<p>Frax uses the veFXS model similar to the veCRV mechanism used by the DeFi platform <a href="https://coinstats\.app/coins/curve\-dao\-token/"><u>Curve</u></a>\. Users lock their Frax Shares \(FXS\) tokens on the protocol and receive veFXS tokens instead\. The amount of received interest depends on the number of tokens and their locking period\. As a vesting and yield system token, veFTX isn't transferable and isn't traded on liquid markets; instead, it reflects the investment period and the number of locked FXS tokens for a token holder\.</p>
<p><br></p>
<h3>Staking</h3>
<p><br></p>
<p>Frax Finance allows users to earn interest through liquidity and staking programs on the DeFi platforms, including Uniswap, Curve, PancakeSwap, Snowball, etc\.</p>
<p><br></p>
<p>Users can earn passive income by adding liquidity to the pools supporting FRAX and FXS\. They need to buy FRAX and FXS tokens, connect their wallets to a DeFi protocol, add liquidity, and approve the transaction\. After adding liquidity, they receive pool tokens representing their positions, and the tokens automatically generate a yield from the protocol fees\.</p>
<p><br></p>
<p>Each protocol has its yield farming policy\. The amount of returns depends on the staking period and the number of staked tokens\. Different protocols reward users in different tokens\. For example, while staking FRAX and FXS, users get returns: in FXS on UniSwap <a href="https://fraxfinancecommunity\.medium\.com/guide\-how\-to\-add\-liquidity\-to\-frax\-finance\-pools\-on\-uniswap\-de56e7d5251c"><u>UniSwap</u></a>; CRV tokens on <a href="https://fraxfinancecommunity\.medium\.com/guide\-how\-to\-provide\-liquidity\-to\-frax3crv\-pool\-on\-curve\-fi\-9136a8ac13eb"><u>Curve</u></a>; CAKE on<a href="https://fraxfinancecommunity\.medium\.com/guide\-how\-to\-bridge\-frax\-fxs\-to\-binance\-smart\-chain\-bsc\-and\-add\-liquidity\-to\-pancakeswap\-9860f40be763"><u> PancakeSwap</u></a>, and SNOB tokens on <a href="https://fraxfinancecommunity\.medium\.com/guide\-how\-to\-bridge\-frax\-to\-avalanche\-network\-and\-add\-liquidity\-to\-snowball\-ff32d66ae6cb"><u>Snowball</u></a>\.</p>
<p><br></p>
<h3>Algorithmic Market Operations Controller \(AMO\)</h3>
<p><br></p>
<p>With the launch of Frax v2, the protocol presented the idea of the "Algorithmic Market Operations Controller" \(AMO\), a module composed of several smart contracts that execute arbitrary monetary policy\. AMO controllers allow carrying out market operations during which the fractional\-algorithmic stability of the FRAX token remains unaffected\.</p>
<p><br></p>
<p>FRAX allows everyone to propose, build, and deploy AMOs with governance\.</p>
<p><br></p>
<p>The Frax 2 upgrade expanded the role of fractional\-algorithmic stability\. Before the move, the Frax banking algorithm operated only inside the protocol, while version 2 made it possible for the system to mint FRAX into DeFi protocols immediately, functioning like "central bank money legos\."</p>
<p>AMO controllers enable protocol updates and improvements without altering protocol operation\.</p>
<p><br></p>
<p>An example of FRAX AMO is The Frax Collateral Investor\. The controller puts idle USDC stablecoin collateral to work through leading DeFi protocols, including Uniswap, Aave, Compound Finance, Yearn Finance, etc\.</p>
<p><br></p>
<p>For more information check out our <a href="https://coinstats\.app/blog/how\-to\-buy\-frax/">how to buy Frax</a> guide\.</p>

---

## Legacy Frax Dollar Token Risks

**Trust Score:** 84/100

| Risk Type | Severity | Result |
|-----------|----------|--------|
| Centralized Mint | 🟠 high | ✓ Passed |
| Unauthorized Token Approvals | 🟠 high | ✗ Failed |
| Centralized Burn | 🟠 high | ✗ Failed |
| Blacklist | 🟠 high | ✗ Failed |
| Proxy (Upgradeable) | 🟠 high | ✗ Failed |
| Transfer event amount mismatch | 🟠 high | ✗ Failed |
| Selfdestruct | 🟠 high | ✗ Failed |
| Balance Manipulation | 🟡 medium | ✓ Passed |
| Blockable Transfer | 🟡 medium | ✗ Failed |
| Pausable | 🟡 medium | ✗ Failed |
| Approval event not emitted | 🟡 medium | ✗ Failed |
| Basic Transfer Fee | 🟡 medium | ✗ Failed |
| No Transfer event emitted | 🟡 medium | ✗ Failed |
| External call in transfer | 🟡 medium | ✗ Failed |
| Cooldown checks | 🟡 medium | ✗ Failed |
| Whitelist | 🟢 low | ✗ Failed |
| Asset Withdrawal | ⚪ minor | ✗ Failed |
| Assembly usage in transfer | ⚪ minor | ✗ Failed |
| ETH Balance Sweep | ⚪ minor | ✗ Failed |
| Not fully ERC20 compliant | ⚪ minor | ✗ Failed |

[Learn more about token risks](<https://coinstats.app/blog/risks/>)

---

## Related Assets

### Coins that Legacy Frax Dollar holders also hold

- **Ethereum** () (7% holding)
- **USDC** () (7% holding)
- **Tether** () (6% holding)

### Trending Cryptocurrencies

- **Solana** (SOL)
- **Pi Network** (PI)
- **Bittensor** (TAO)
- **Optimism** (OP)
- **Tether Gold** (XAUT)
- **Zcash** (ZEC)
- **Bitcoin** (BTC)
- **Sui** (SUI)

### Similar Market Cap

- **Humanity** ()
- **FLOKI** ()
- **Steakhouse USDC Morpho Vault** ()
- **ether\.fi Staked ETH** ()
- **Celestia** ()
- **Aerodrome Finance** ()
- **Binance\-Peg BUSD** ()
- **Wrapped Beacon ETH** ()

---

## Legacy Frax Dollar Markets

| # | Exchange | Pair | Volume (24h) | Vol % | Price |
|---|----------|------|--------------|-------|-------|
| 1 | Uniswap V3 | FRXETH/FRAX | $5.3K | - | $0.9898 |
| 2 | Sushiswap | FRAX/WETH | $2.2K | - | $0.9938 |
| 3 | Uniswap V2 | FRAX/FRAX | $1.9K | - | $0.993 |
| 4 | Uniswap V3 | FRAX/WETH | $1K | - | $0.658 |
| 5 | Sushiswap | SUSHI/FRAX | $593 | - | $0.9962 |
| 6 | Uniswap V3 | STKAAVE/FRAX | $461.7 | - | $0.9922 |

---

## Legacy Frax Dollar News

### [Hyperliquid’s home-grown stablecoin USDH goes live after Native Markets winning bid](<https://www.theblock.co/post/372128/hyperliquids-home-grown-stablecoin-usdh-goes-live-after-native-markets-winning-bid?utm_source%3Drss%26amp%3Butm_medium%3Drss&utm_medium=referral&utm_source=coinstats>)
*Unknown - Sep 24, 2025*

Native Markets’ USDH stablecoin has gone live on Hyperliquid with a USDH/USDC market following a bidding contest with names like Paxos, Frax, and Agora\....

### [Why We Need More Stablecoins](<https://coinstats.app/news/af3fb4d417883427a1431cf0d36011e6e6396c84f5977c4333c2e06ce2b4126a_Why-We-Need-More-Stablecoins>)
*Unknown - Sep 17, 2025*

Stablecoins are quietly rewriting the rules of global finance\. They give anyone, anywhere, access to money that moves instantly, across borders, with incentives aligned to users rather than banks\....

### [Asia Morning Briefing: Native Markets Leads Early Voting for Hyperliquid’s USDH Stablecoin Contract](<https://coinstats.app/news/d674fa5d38a0db77f949adcef97e8f03a3bc313acba9cad3f43c2797ef3a2350_Asia-Morning-Briefing-Native-Markets-Leads-Early-Voting-for-Hyperliquids-USDH-Stablecoin-Contract>)
*Unknown - Sep 11, 2025*

Stripe\-linked proposal draws early validator support despite community pushback\....

### [Ethena Joins Race for Hyperliquid's Stablecoin With BlackRock-Backed Proposal](<https://coinstats.app/news/e8d1db28bb8283af6a4a5449c8d0212a8ed058ecb96581195726ef9507bb4027_Ethena-Joins-Race-for-Hyperliquids-Stablecoin-With-BlackRockBacked-Proposal>)
*Unknown - Sep 9, 2025*

Ethena's proposed stablecoin promises to return 95% of revenue to Hyperliquid’s ecosystem\....

---

## Also Check Legacy Frax Dollar Price On

- [CoinGecko](<https://www.coingecko.com/en/coins/frax>)
- [CoinMarketCap](<https://coinmarketcap.com/currencies/frax>)
