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Frax

#131
FRAXLEGACY
$0.99286
24h-0.01%
7d-0.05%
30d+0.21%

Frax Price Performance

Low
High
$0.99241
$0.99349

Frax Key Metrics

Market cap
$273.96M
FDV
$274.05M
Volume (24h)
$356.32K
Vol/Mkt Cap (24h)
0.00%
Total supply
275.94M FRAXLEGACY
Circulating supply
275.94M FRAXLEGACY
Profile score
84%
Updated May 01, 2026Rank #487

FRAXLEGACY to USD Converter

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Resources

Website
WebsiteWhitepaperBlog
Socials
@fraxfinanceDiscord@fraxfinance

Information

Repositories
FraxFinance/frax-solidity
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Frax Overview

24h High
$0.99
24h Low
$0.99
24h Change
-0.01%
7d Change
-0.05%
30d Change
+0.21%
Volume 24h
$356.32K
Market Cap
$274.05M
Circulating Supply
275.94M FRAXLEGACY

Frax News

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About Frax

Legacy Frax Dollar is the stablecoin formerly known as FRAX. It was renamed in 2025 after the Frax North Star Proposal, which restructured the protocol’s branding and token roles. Legacy Frax Dollar preserves its dollar peg and remains supported for backward compatibility, while Frax’s active development is now centred on frxUSD and related stablecoin products.
Frax is a decentralised finance protocol that initially launched in 2019 with the first fractional-algorithmic stablecoin, FRAX. The design combined partial collateralisation with algorithmic stabilisation. Alongside FRAX, the protocol introduced Frax Shares (FXS) as the governance token. The ecosystem expanded with other products including frxETH, sfrxETH, and the Fraxtal Layer-2 network. In 2025, following approval of the Frax North Star Proposal (FIP-428), the original FRAX stablecoin was renamed Legacy Frax Dollar. This change separated the legacy design from newer stablecoin products in the Frax ecosystem, such as frxUSD and sfrxUSD, which are now the primary focus of development.
Legacy Frax Dollar is the renamed version of the original FRAX stablecoin. It maintains its peg to the US dollar and continues to be supported across protocols and integrations where FRAX was already in use. Legacy Frax Dollar can still be minted and redeemed in the same way as the original FRAX, but it is now classified as a legacy product. The protocol’s development direction has shifted toward frxUSD and its derivatives, which feature enhanced mechanisms for stability and yield. Legacy Frax Dollar remains part of the ecosystem for continuity and backward compatibility, ensuring users and integrations are not disrupted by the rebrand.
Frax and its stablecoin system were created in 2019 by Sam Kazemian, with early collaboration from Stephen Moore. Kazemian introduced the fractional-algorithmic model that distinguished FRAX from fully collateralised or purely algorithmic stablecoins. Under his leadership, the Frax ecosystem has evolved into a multi-token platform with advanced stablecoins, staking products and its own Layer-2 network.

Frax Markets

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Frax Platforms

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Often Discussed Alongside Frax

Tokens that appear with Frax in our academy articles.

FRAX logoFRAXACH logoACHARB logoARBCET logoCETKEEP logoKEEPKERNEL logoKERNELMASK logoMASKMKR logoMKR

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Frax Market Data

The live Frax price today is $0.99 USD with a 24-hour trading volume of $356,315.54 USD. We update our FRAXLEGACY to USD price in real-time. Frax is down 0.01% in the last 24 hours.

The current market cap is $274,045,204.20 USD, ranking #131 by market capitalization. The circulating supply is 275,935,184 FRAXLEGACY.