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AUSD Token Survived Three Market Crashes Without Breaking Peg
AUSD is Agora's fully collateralized U.S. dollar stablecoin, backed one-to-one by cash, short-term Treasury bills, and reverse repurchase agreements held in a segregated reserve managed by VanEck and custodied by State Street. AUSD traded around $0.9997 with a market cap near $130 million across roughly 134 million tokens, having weathered three market stress events since its July 2024 launch without a material depeg. Its deepest historical deviation reached $0.9505, a roughly five-cent move that self-corrected, against an all-time high of $1.02 for a lifetime range of about seven cents. Agora raised a $50 million Series A led by Paradigm in July 2025 and filed for a U.S. national trust bank charter with the OCC in April 2026. The token is live natively across more than a dozen blockchains including Ethereum, Avalanche, and Sui.
Mia HallandMay 22, 2026Frax Rebuilt Everything While the Market Looked Away
Frax (FRAX) trades near $0.43 with a market cap around $41 million, but the protocol behind it has been completely re-engineered. Frax killed its algorithmic mechanism after the 2022 Terra collapse, took the stablecoin fully collateralized, built fraxlend (permissionless isolated-pair lending), launched frxUSD backed by BlackRock's BUIDL fund, and shipped its own Fraxtal blockchain. The North Star Hardfork renamed FXS to FRAX and the original FRAX stablecoin to FRAXLEGACY, which still carries a $274 million market cap. The FRAX ecosystem token that now powers the entire stack - gas on Fraxtal, governance, lending revenue from fraxlend, real yield from sfrxUSD - sits at a $41 million market cap against roughly $270 million in network TVL. That gap is the story.
Crypto News NavigatorMay 19, 2026What Happened After Arbitrum Airdrop Changed Everything
Arbitrum (ARB) is the native governance token of the largest Ethereum rollup network. The March 23, 2023 Arbitrum airdrop sent over 1.16 billion ARB to roughly 625,000 wallets, setting the template every later rollup copied for points-based eligibility and DAO governance. Three years on, ARB trades around $0.125 with a market cap near $770 million, down 95% from its $2.39 all-time high. But the network the airdrop seeded has $1.65 billion in TVL, 2.1 billion cumulative transactions, and partnerships with Robinhood, BlackRock, and Franklin Templeton. The same Security Council that token holders elected through the airdrop froze 30,766 ETH tied to the April KelpDAO exploit, then handed half its seats to a new cohort taking office May 21. This retrospective covers what the airdrop built, what it didn't, and how the next governance phase will be tested by STEP 2.0 RWA allocations and ongoing legal exposure around the frozen KelpDAO ETH.
Archie DuttonMay 16, 2026Often Discussed Alongside Frax
Tokens that appear with Frax in our academy articles.
Frax Market Data
The live Frax price today is $0.99 USD with a 24-hour trading volume of $315,052.63 USD. We update our FRAXLEGACY to USD price in real-time. Frax is up 0.00% in the last 24 hours.
The current market cap is $239,603,985.96 USD, ranking #136 by market capitalization. The circulating supply is 241,847,684 FRAXLEGACY.