Logo of Frax USDFrax USD(FRAX)

Total Value Locked$106.86m

TVL by Chain

Ethereum$106.86m

Key Metrics

Fees 30d$322,542
Fees 30d by chain

Ethereum$322,542

Fees 7d$78,359

Ethereum$78,359

Fees 24h$11,143

Ethereum$11,143

Cumulative Fees$4.17m

Ethereum$4.17m

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

WebsiteX/Twitter
Category:RWA

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 GitHub

Competitors

Invesco USTB ($598.91m)Ethena USDtb ($454.18m)Huma ($406.8m)Re ($400.56m)Anemoy Capital ($333.47m)OpenTrade ($251.16m)Plume Vaults ($232.54m)Theo Network thUSD ($132.19m)Usual USD0 ($84.07m)Sky RWA ($73.85m)

Frequently Asked Questions

What is Frax USD's TVL?

Frax USD currently has $106.86m in total value locked. TVL has decreased 1.6% 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 $322,542 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $3.32m in fees.

How does Frax USD's TVL compare to similar protocols?

Among RWA protocols tracked by DefiLlama, Frax USD ranks #13 by TVL. The category holds $4.701b across 173 protocols, and Frax USD accounts for 2.3% of that total. Other leading protocols include Invesco USTB, Ethena USDtb, Huma, Re, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Usual USD0, and Sky RWA.