Key Metrics
Fees 30d$318,292
Fees 30d by chain
Ethereum$318,292
Fees 7d$73,943
Ethereum$73,943
Fees 24h$10,434
Ethereum$10,434
Cumulative Fees$3.88m
Ethereum$3.88m
Revenue 30d$0
Revenue 30d by chain
Ethereum$0
Revenue 7d$0
Ethereum$0
Revenue 24h$0
Ethereum$0
Cumulative Revenue$0
Ethereum$0
Protocol Information
Frax USD (frxUSD) is a fully collateralized stablecoin issued by Frax Finance, combining off-chain custodians holding cash-equivalent reserves with on-chain minting and redemption mechanisms
Sub Category: Treasury Bills
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Yields generated by onchain money market funds used to back FRX-USD tokensView code on GitHubRevenue: No revenue share to FRAX protocolView code on GitHubCompetitors
Frequently Asked Questions
What is Frax USD's TVL?
Frax USD currently has $104.44m in total value locked. TVL has decreased 6.7% over the past 30 days.
What chains does Frax USD operate on?
Frax USD operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Frax USD generated in fees and revenue?
Over the past 30 days, Frax USD generated $318,292 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $3.24m in fees.
How does Frax USD's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Frax USD ranks #30 by TVL. The category holds $27.78b across 167 protocols, and Frax USD accounts for 0.4% of that total. Other leading protocols include BlackRock BUIDL, Tether Gold, Spiko, Circle USYC, Ondo Yield Assets, Paxos Gold, Centrifuge Protocol, WisdomTree, Ondo Global Markets, and Anemoy Capital.