Total Value Locked$115.78m
TVL by Chain
Ethereum$115.65m
Fraxtal$128,320
Key Metrics
Fees 30d$239,349
Fees 30d by chain
Ethereum$239,349
Fees 7d$56,636
Ethereum$56,636
Fees 24h$0
Ethereum$0
Cumulative Fees$46.24m
Ethereum$46.24m
Revenue 30d$23,935
Revenue 30d by chain
Ethereum$23,935
Revenue 7d$5,664
Ethereum$5,664
Revenue 24h$0
Ethereum$0
Cumulative Revenue$4.62m
Ethereum$4.62m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Protocol Information
Frax Ether is a liquid ETH staking derivative designed to uniquely leverage the Frax Finance ecosystem to maximize staking yield and smoothen the Ethereum staking process for a simplified, secure, and DeFi-native way to earn interest on ETH.
Methodology
TVL: TVL represents all the on-chain assets backing frxETHView code on GitHubFees: All staking rewards from ETH validators.View code on GitHubRevenue: Share of 10% staking rewards.View code on GitHubHolders Revenue: No revenue share to token holders.View code on GitHubYields
Pools Tracked1
Average Supply APY2.54%
Competitors
Frax Ether history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Sep 14, 2022 to Oct 27, 2026.
All-time high TVL: $652.65m on Mar 12, 2024. All-time low TVL: $86.89m on Jun 7, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $135.57m |
| Sep 29, 2026 | $136.13m |
| Sep 30, 2026 | $135.6m |
| Oct 1, 2026 | $135.91m |
| Oct 2, 2026 | $137.01m |
| Oct 3, 2026 | $135.42m |
| Oct 4, 2026 | $136.28m |
| Oct 5, 2026 | $137.59m |
| Oct 6, 2026 | $137m |
| Oct 7, 2026 | $136.09m |
| Oct 8, 2026 | $129.98m |
| Oct 9, 2026 | $125.13m |
| Oct 10, 2026 | $125.6m |
| Oct 11, 2026 | $126.49m |
| Oct 12, 2026 | $128.55m |
| Oct 13, 2026 | $122.33m |
| Oct 14, 2026 | $126.74m |
| Oct 15, 2026 | $122.32m |
| Oct 16, 2026 | $123.71m |
| Oct 17, 2026 | $122.84m |
| Oct 18, 2026 | $121.8m |
| Oct 19, 2026 | $122.65m |
| Oct 20, 2026 | $121.54m |
| Oct 21, 2026 | $124.42m |
| Oct 22, 2026 | $125.87m |
| Oct 23, 2026 | $121.27m |
| Oct 24, 2026 | $120.71m |
| Oct 25, 2026 | $119.29m |
| Oct 26, 2026 | $118.14m |
| Oct 27, 2026 | $115.15m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $459.07m |
| Dec 31, 2024 | $421.98m |
| Jan 31, 2025 | $381.73m |
| Feb 28, 2025 | $263.47m |
| Mar 31, 2025 | $194.79m |
| Apr 30, 2025 | $184.76m |
| May 31, 2025 | $263.66m |
| Jun 30, 2025 | $258.49m |
| Jul 31, 2025 | $386.19m |
| Aug 31, 2025 | $414.04m |
| Sep 30, 2025 | $390.7m |
| Oct 31, 2025 | $340.09m |
| Nov 30, 2025 | $261.5m |
| Dec 31, 2025 | $250.53m |
| Jan 31, 2026 | $188.25m |
| Feb 28, 2026 | $123.36m |
| Mar 31, 2026 | $122.68m |
| Apr 30, 2026 | $129.11m |
| May 31, 2026 | $112.85m |
| Jun 30, 2026 | $89.84m |
| Jul 31, 2026 | $97.04m |
| Aug 31, 2026 | $122.33m |
| Sep 30, 2026 | $135.6m |
| Oct 27, 2026 (latest) | $115.15m |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $173.37m |
| Dec 31, 2023 | $364.07m |
| Dec 31, 2024 | $421.98m |
| Dec 31, 2025 | $250.53m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $1.1m | $109,991 | $0 |
| Dec 2024 | $1.11m | $110,868 | $0 |
| Jan 2025 | $1.43m | $142,693 | $0 |
| Feb 2025 | $696,695 | $69,670 | $0 |
| Mar 2025 | $525,278 | $52,529 | $0 |
| Apr 2025 | $458,245 | $45,824 | $0 |
| May 2025 | $703,343 | $70,334 | $0 |
| Jun 2025 | $583,616 | $58,362 | $0 |
| Jul 2025 | $921,800 | $92,180 | $0 |
| Aug 2025 | $957,603 | $95,760 | $0 |
| Sep 2025 | $884,639 | $88,463 | $0 |
| Oct 2025 | $1.06m | $106,480 | $0 |
| Nov 2025 | $632,899 | $63,289 | $0 |
| Dec 2025 | $571,804 | $57,181 | $0 |
| Jan 2026 | $529,561 | $52,956 | $0 |
| Feb 2026 | $262,029 | $26,203 | $0 |
| Mar 2026 | $267,849 | $26,786 | $0 |
| Apr 2026 | $355,866 | $35,585 | $0 |
| May 2026 | $251,765 | $25,177 | $0 |
| Jun 2026 | $193,576 | $19,358 | $0 |
| Jul 2026 | $232,337 | $23,235 | $0 |
| Aug 2026 | $203,545 | $20,355 | $0 |
| Sep 2026 | $240,075 | $24,008 | $0 |
| Oct 2026 (to date) | $239,349 | $23,935 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/frax-ether
Frequently asked questions
What is Frax Ether's TVL?
As of Oct 27, 2026, Frax Ether has $115.78m in total value locked. TVL has decreased 15.2% over the past 30 days.
What chains does Frax Ether operate on?
Frax Ether operates on 2 chains: Ethereum and Fraxtal. Ethereum holds the largest share at 99.9%.
How much has Frax Ether generated in fees and revenue?
Over the past 30 days, Frax Ether generated $239,349 in fees. Of that, $23,935 was protocol revenue. Based on the trailing year, the annualized rate is $4.18m in fees and $417,625 in revenue.
How does Frax Ether's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, Frax Ether ranks #28 by TVL. The category holds $53.08b across 266 protocols, and Frax Ether accounts for 0.2% of that total. Similar protocols include Lido, Binance staked ETH, ether.fi Stake, Rocket Pool, StakeWise V3, Liquid Collective, mETH Protocol, Coinbase Wrapped Staked ETH, Stader, and stake.link liquid.
How many yield pools does Frax Ether have?
DefiLlama tracks 1 Frax Ether yield pool with an average APY of 2.5%.