Legacy Frax Dollar

Legacy Frax Dollar, ticker FRAX, is a USD-pegged stablecoin designed to maintain a value of one US dollar, making it useful for anyone who wants to hold or transact in a stable digital unit without direct exposure to cryptocurrency price swings. It describes itself as the first fractional-algorithmic stablecoin, meaning it was originally backed by a combination of hard collateral and an algorithmic supply mechanism rather than purely one or the other. The token circulates across several blockchain networks including Ethereum, BNB Chain, Avalanche, Polygon, and Fantom.

FRAX was designed so that a portion of each token was backed by collateral such as USDC and a portion was stabilized algorithmically through a related governance token, with the collateral ratio able to adjust based on market conditions. The database records no block time in a meaningful sense because FRAX is a token that settles on the underlying chains it is deployed on rather than operating its own blockchain or consensus mechanism. The circulating stablecoin supply tracked by this site stands at 158,789,912.59 units, which is a subset of the broader circulating supply of 219,320,045.87 FRAX tokens.

The data stored for this asset contains no fee revenue figures, meaning this site carries no information about protocol fees collected, who pays them, or how they are distributed. That absence means fee-based measures commonly used to assess other protocols — such as fee yield or revenue multiples — cannot be calculated or compared here. What the data does show is a 30-day stablecoin supply change of approximately 2.06 percent and a 24-hour turnover ratio of roughly 0.104, which reflect activity levels but not fee generation.