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As of Nov 12, 2026, Frax Price Index (FPI) has a market cap of $6.92m across 2 chains, most of it on Ethereum ($5.89m).
Stablecoin information
The Frax Price Index (FPI) is the second stablecoin of the Frax Finance ecosystem. FPI is a stablecoin pegged to a basket of real-world consumer items as defined by the US CPI-U average.
Category:algorithmic
Minting and Redemption
Using the Frax Finance app, users swap FRAX to mint FPI at the current exchange rate. FPI can be redeemed for FRAX at any time.
Audits:No
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | <0.0001% | <0.0001% | <0.0001% | 5.89m | ||
| 0.00% | 0% | 0% | 0% | 250,000 |
