Frax (prev. FXS)

Fee and revenue figures across the 24-hour, 7-day, and 30-day windows are worth monitoring because the absolute dollar amounts are very small relative to the market capitalization of 28,733,603 USD, making the market-cap-to-fees ratio — currently 23,982.64 based on annualized trailing 30-day fees — sensitive to even modest changes in protocol activity. Total value locked at 19,693,052.83 USD relative to market cap produces an mcap-to-TVL ratio of approximately 1.46, so tracking whether TVL and market cap move in tandem or diverge can reveal shifts in how the market is pricing the protocol's balance sheet. Active addresses over the trailing 7 days stood at 691 and daily transactions at 17,891, both of which, if sustained or changed meaningfully, would indicate whether actual usage of the protocol is growing or contracting. The stablecoin supply hosted at 11,124,951.64 USD is also a useful figure to observe, since growth or contraction there reflects demand for the protocol's core stablecoin product independent of token price.

كتبه نموذج لغوي بالذكاء الاصطناعي استنادًا إلى الأرقام المدرجة أدناه، في 29 Sep 2026 09:20 UTC.