Overview
Frax (prev. FXS)(FRAX)
Token Price$0.25
24h Change+1.88%
All Time HighJan 12, 2022$42.8
All Time LowJul 1, 2026$0.22
Key Metrics
Market Cap$23.53m
Fully Diluted Valuation$25.06m
Circ. Supply93.61m FRAX
Outstanding FDV$25.14m
Volume 24h$464,845
CEX Volume$281,554
DEX Volume$218,361
Token Liquidity$1.74m
Curve DEX · Ethereum$1.25m
Uniswap V3 · Ethereum$258,800
Uniswap V2 · Ethereum$236,824
Treasury$1.31m
Majors$1.1m
Stablecoins$190,035
Own Tokens< $0.0001
Others$17,252
Income Statement for Frax (prev. FXS)

| Q3 2026* | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $249.37K | $2.16M | $2.28M | $3.57M | $4.47M | $3.06M | $4.54M | $5.74M | $5.21M | $7.61M | $9.09M | $5.44M | $4.56M | $4.25M | $3.63M | $785.59K | $893.99K | $503.60K | $39.63K | $2.85K |
| Assets Yields | $137.88K | $1.09M | $553.17K | $675.55K | $693.83K | $91.33K | ||||||||||||||
Cost of Revenue | $239.12K | $2.06M | $2.14M | $3.30M | $4.16M | $2.84M | $4.25M | $5.38M | $4.82M | $7.06M | $8.37M | $4.98M | $4.15M | $3.89M | $3.46M | $763.04K | $893.99K | $503.60K | $39.63K | $2.85K |
| Assets Yields | $137.88K | $1.09M | $553.17K | $675.55K | $693.83K | $91.33K | ||||||||||||||
Gross Profit | $10.25K | $95.64K | $135.49K | $260.28K | $311.94K | $195.77K | $274.45K | $365.68K | $392.04K | $548.72K | $720.13K | $466.88K | $402.46K | $361.76K | $172.94K | $22.55K | $0 | $0 | $0 | $0 |
| Assets Yields | $137.88K | $1.09M | $997.91K | $921.92K | $734.11K | $96.36K | ||||||||||||||
Earnings | $10.25K | $95.64K | $135.49K | $260.28K | $311.94K | $195.77K | $274.45K | $365.68K | $392.04K | $548.72K | $720.13K | $466.88K | $402.46K | $361.76K | $172.94K | $22.55K | $0 | $0 | $0 | $0 |
Token Holder Net Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Risks
How much debt can be issued against FRAX as collateral across lending protocols.
Maximum possible exposure to FRAX
$2,902
$0 (max additional borrows against FRAX) + $2,902 (bad debt if FRAX was hacked now)
Aave V3
$2,902 at-risk exposure = $2,902 bad debt if hacked + $0 additional borrowable against FRAX
Methodology and limitations
Showing collateral exposure for FRAX on onchain. Max Borrowableuses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for FRAX as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol | Chain | |||
|---|---|---|---|---|
FRAX0x853d955acef822db058eb8505911ed77f175b99e | $0 | $1.68 | ||
FRAX0x17fc002b466eec40dae837fc4be5c67993ddbd6f | $0 | $2,901 |
Markets
Token Usage
An is required to view token usage.
Unlocks
An is required to view token unlocks.
Yields
Showing 10 of 80 pools

Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabFRAX-USDC | $4.36m | 9.13% | 0.04% | 9.09% | 7.26% | ||||
| open in new tabMSUSD-FRAX-USDCConvex | $1.15m | 13.77% | 11.11% | ||||||
| open in new tabFRAX-USDC | $401,844 | 14.12% | 0.04% | 14.08% | 9.99% | ||||
| open in new tabFRXUSD-FRXETH-WFRAX | $91,119 | 24.86% | 1.31% | 23.55% | 21.69% | ||||
| open in new tabFRAX-WETH0.3% | $73,010 | 13.60% | 13.60% | 11.49% | |||||
| open in new tabFRAXAggressive | $45,509 | 7.99% | 7.99% | 5.89% | |||||
| open in new tabWFRAX-CVXFXSCurve | $18,279 | 11.41% | 0.08% | 11.33% | 12.00% | ||||
| open in new tabWFRAX-WETHCL200 - 0.3% | $13,453 | 23.50% | 3.36% | 20.14% | 281% | ||||
| open in new tabFRXUSD-WFRXETH-WFRAXCurve | $13,327 | 44.62% | 1.28% | 43.34% | 38.67% | ||||
| open in new tabFRAX-USDCConvex | $11,044 | 14.47% | 9.79% |
Borrow
Showing 10 of 78 routes

Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabFRAX ➞ WBTC | $315.92m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 | ||
| open in new tabFRAX ➞ WBTC | $125.69m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 | ||
| open in new tabFRAX ➞ WETH | $114.03m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 | ||
| open in new tabFRAX ➞ WSTETH | $107.99m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 | ||
| open in new tabFRAX ➞ WETH | $70.32m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 | ||
| open in new tabFRAX ➞ WSTETH | $52.34m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 | ||
| open in new tabFRAX ➞ WSTETH | $49.34m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 | ||
| open in new tabFRAX ➞ SFRAX | $37.41m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 | ||
| open in new tabFRAX ➞ CBBTC | $19.86m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 | ||
| open in new tabFRAX ➞ RSETH | $13.01m | 1.80% | 1.80% | 0% | 85% | $17,547 | $4,025 |
