Frax Finance (FXS)

Total Value Locked$405.18m

TVL by Chain

Ethereum$393.84m

Fraxtal$10.16m

Arbitrum$681,849

Avalanche$166,430

BSC$149,438

Dogechain$103,407

Polygon$92,038

Moonbeam$44.2

Fantom$25.73

fetching fees...

Key Metrics

Fees (Annualized)$12.4m

Fees 30d$1.02m

Fees 7d$245,910

Fees 24h$2,792

Cumulative Fees$52.58m

Revenue (Annualized)$1.88m

Revenue 30d$154,392

Revenue 7d$38,589

Revenue 24h$1,312

Cumulative Revenue$8.58m

Holders Revenue (Annualized)$0

Holders Revenue 30d$0

Holders Revenue 7d$0

Holders Revenue 24h$0

Cumulative Holders Revenue$0

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$1.88m

Earnings 30d$154,392

Earnings 7d$38,589

Earnings 24h$1,312

Cumulative Earnings$8.58m

DEX Volume 30d$67.77m

DEX Volume 7d$11.26m

DEX Volume 24h$766,295

Cumulative DEX Volume$3.33b

Market Cap$264.55m

$FXS Price$2.98

All Time High$42.8

All Time Low$1.26

Fully Diluted Valuation$296.76m

$FXS Volume 24h$13.58m

CEX Volume$7.23m

DEX Volume$6.16m(45.31% of total)

Staked$73.47m(27.77% of mcap)

Borrowed$35.55m

$FXS Liquidity$2.01m

Curve DEX$1.51m

Uniswap V3$259,168

Uniswap V2$240,605

Treasury$13.85m

Majors$88,378

Stablecoins$24,770

Own Tokens$12.26m

Others$1.47m

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

Yields

Pools Tracked48

Average APY10.37%

View all Yields

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 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 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 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

Q3 2025*Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Fees$1.18m$2.34m$3.48m$4.57m$5.08m$7.63m$8.24m$5.44m$4.56m$4.25m$3.6m$766,430$893,995$503,599$39,635$2,857
Revenue$183,227$487,712$952,005$1.05m$1.31m$2.3m$867,556$466,885$402,461$361,769$172,941$22,554$0$0$0$0
Earnings$183,227$487,712$952,005$1.05m$1.31m$2.3m$867,556$466,885$402,461$361,769$172,941$22,554$0$0$0$0
Token Holder Net Income$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0