Frax Finance (FRAX)
Total Value Locked$531.83m
TVL by Chain
Ethereum$494.24m
staking$16.38m
borrowed$13.03m
Fraxtal$7.19m
Arbitrum$359,996
BSC$163,226
pool2$159,679
Avalanche$129,995
Polygon$67,547
Dogechain$53,791
OP Mainnet$50,827
Moonbeam$27.79
Fantom$9.23
Key Metrics
Fees (Annualized)$9.79m
Fees 30d$802,100
Fees 7d$204,615
Fees 24h$884
Cumulative Fees$60.16m
Revenue (Annualized)$1.48m
Revenue 30d$121,193
Revenue 7d$29,930
Revenue 24h$203
Cumulative Revenue$9.3m
Holders Revenue (Annualized)$566,958
Holders Revenue 30d$46,472
Holders Revenue 7d$11,300
Holders Revenue 24h$187
Cumulative Holders Revenue$189,553
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$1.48m
Earnings 30d$121,193
Earnings 7d$29,930
Earnings 24h$203
Cumulative Earnings$9.3m
DEX Volume 30d$17.63m
DEX Volume 7d$2.87m
DEX Volume 24h$111,038
Cumulative DEX Volume$3.468b
Market Cap$62.28m
$FRAX Price$0.71
All Time High$42.8
All Time Low$0.7
Fully Diluted Valuation$70.82m
Outstanding FDV$42.79m
$FRAX Volume 24h$3.94m
CEX Volume$2.41m
DEX Volume$1.45m(36.82% of total)
Staked$16.38m(26.31% of mcap)
Borrowed$13.03m
$FRAX Liquidity$1.74m
Curve DEX$1.25m
Uniswap V3$258,800
Uniswap V2$236,824
Treasury$2.93m
Majors$1.09m
Stablecoins$486,244
Own Tokens$1.31m
Others$47,683
Total Raised$0
Protocol Information
FRAX is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve. Additional subprotocols and AMOs can be added with governance allowing FRAX to incorporate future stability mechanisms seamlessly as they are discovered
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Frax: Total interest paid to users by borrowing FRAX.View code on GitHubFraxlend: Includes Lenders interest, liquidation fee and 10% interest feeView code on GitHubFrax Swap: A 0.3% fee is collected from each swapView code on GitHubFrax Ether: Staking rewardsView code on GitHub
Revenue:
Frax: Total interest paid to users by borrowing FRAX.View code on GitHubFraxlend: 10% interest fee is considered as revenueView code on GitHubFrax Swap: Percentage of swap fees going to treasury and/or token holdersView code on GitHubFrax Ether: Percentage of user rewards paid to protocolView code on GitHub
Holders Revenue:
Frax: View code on GitHubFraxlend: View code on GitHubFrax Swap: Money going to governance token holdersView code on GitHubFrax Ether: View code on GitHub
DEX Volume: Volume of all spot token swaps that go through the protocol
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Income Statement for Frax Finance
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $2.6m | $3.66m | $2.85m | $4.4m | $5.56m | $5.16m | $7.63m | $8.24m | $5.44m | $4.56m | $4.25m | $3.6m | $766,430 | $893,995 | $503,599 | $39,635 | $2,857 |
| Revenue | $359,855 | $481,961 | $507,192 | $972,987 | $1.07m | $1.32m | $2.3m | $867,556 | $466,885 | $402,461 | $361,769 | $172,941 | $22,554 | $0 | $0 | $0 | $0 |
| Earnings | $359,855 | $481,961 | $507,192 | $972,987 | $1.07m | $1.32m | $2.3m | $867,556 | $466,885 | $402,461 | $361,769 | $172,941 | $22,554 | $0 | $0 | $0 | $0 |
| Token Holder Net Income | $120,137 | $69,416 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |