Logo of Frax USDFrax USD(FRAX)

Total Value Locked$107.88m

TVL by Chain

Ethereum$107.88m

Key Metrics

Fees 30d$319,942
Fees 30d by chain

Ethereum$319,942

Fees 7d$76,782

Ethereum$76,782

Fees 24h$11,039

Ethereum$11,039

Cumulative Fees$4.13m

Ethereum$4.13m

Revenue 30d$0
Revenue 30d by chain

Ethereum$0

Revenue 7d$0

Ethereum$0

Revenue 24h$0

Ethereum$0

Cumulative Revenue$0

Ethereum$0

Protocol Information

Frax USD (frxUSD) is a fully collateralized stablecoin issued by Frax Finance, combining off-chain custodians holding cash-equivalent reserves with on-chain minting and redemption mechanisms

WebsiteX/Twitter
Category:RWA

Sub Category: Treasury Bills

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Yields generated by onchain money market funds used to back FRX-USD tokensView code on GitHubRevenue: No revenue share to FRAX protocolView code on GitHub

Competitors

Invesco USTB ($558.05m)Ethena USDtb ($492.61m)Huma ($414.08m)Re ($399.31m)Anemoy Capital ($333.33m)OpenTrade ($252.03m)Plume Vaults ($230.26m)Theo Network thUSD ($132.3m)Usual USD0 ($87.78m)Sky RWA ($75.34m)

Frequently Asked Questions

What is Frax USD's TVL?

Frax USD currently has $107.88m in total value locked. TVL has decreased 3.6% over the past 30 days.

What chains does Frax USD operate on?

Frax USD operates on Ethereum. Ethereum holds the largest share at 100%.

How much has Frax USD generated in fees and revenue?

Over the past 30 days, Frax USD generated $319,942 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $3.31m in fees.

How does Frax USD's TVL compare to similar protocols?

Among RWA protocols tracked by DefiLlama, Frax USD ranks #13 by TVL. The category holds $4.688b across 173 protocols, and Frax USD accounts for 2.3% of that total. Other leading protocols include Invesco USTB, Ethena USDtb, Huma, Re, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Usual USD0, and Sky RWA.