Frax Ether Logo

Frax Ether FRXETH

Frax Ether header image

1. Summary

Ranks

Liquidity
96
Developer
80
Social
87
Momentum (beta)
86
Stack Rankā„¢
92
Price
52W High price $4,055.19
52W High date 12th Mar 2024 (4 months ago)
All Time High (ATH) Date 12th Mar 2024 (4 months ago)
ATH Price $4,062.68
% From ATH -14.09%
All Time Low (ATL) Date 23rd Nov 2022 (1 year ago)
ATL Price $1,137.25
% From ATL 206.91%
Supply & Trading Volume
Trading Volume (24h) $5.57M
Total Supply 249,080.00
Circulating Supply 249,080.00
Description

Overview of Frax Ether

Overview of Frax Ether

Frax Ether is a liquid staking derivative issued by the Frax Finance protocol. Each frxETH is backed by at least 1 ETH in validator nodes at all times. This innovative derivative has been designed to make staking more convenient and profitable.

Key Features

  • Collateralization Model: The amount of frxETH in circulation always matches the amount of ETH staked in Frax.
  • Components: The Frax Ether system comprises three core components: frxETH (liquid ETH staking derivative), sfrxETH (staked version of frxETH), and the Frax ETH Minter.
  • Frax ETH Minter: Allows the exchange of ETH for frxETH, bringing ETH into the Frax ecosystem.
  • Stablecoin: frxETH acts as a stablecoin loosely pegged to ETH, ensuring 1 frxETH always represents 1 ETH.
  • Yield Accrual: sfrxETH accrues staking yield from Frax ETH validators, with profit distributed to sfrxETH holders.
  • Composability: Liquid staking simplifies the staking process and allows yield to be earned on any amount of ETH, with withdrawals available at any time, enabling greater composability throughout DeFi.
2. Price

FRXETH

2.1. Market Performance

How does Frax Ether's (FRXETH) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-12.6%

FRXETH

28.1%

Similar Market Cap

60 Day Return

39.1%

FRXETH

71.1%

Similar Market Cap

1 Year Return

84.8%

FRXETH

304.7%

Similar Market Cap

3. Developer Activity

We're monitoring 46 Frax Ether GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Frax Ether Repos)

Commits vs. The Market

  • Past 4 weeks: 38 commits vs. an average of 1
  • Past 12 weeks: 326 commits vs. an average of 8
  • Past year: 618 commits vs. an average of 117

Most Active Repos

Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year

Top Developers 2024

In total, 207 developers have contributed to Frax Ether over the past year. Who are the most active Frax Ether developers, by commits, over the past year?

Related Projects

Developers working on Frax Ether also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users
Twitter followers 91,519
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://app.frax.finance/
Explorer https://etherscan.io/token/0x5e8422345238f34275888...
Twitter @fraxfinance

What is the correct contract address for Frax Ether?

Fantom 0x9e73f99ee061c8807f69f9c6ccc44ea3d8c373ee
Ethereum 0x5e8422345238f34275888049021821e8e08caa1f
Moonbeam 0x82bbd1b6f6de2b7bb63d3e1546e6b1553508be99
Polygon-pos 0xee327f889d5947c1dc1934bb208a1e792f953e96
Arbitrum-one 0x178412e79c25968a32e89b11f63b33f733770c2a
Polygon-zkevm 0xcf7ecee185f19e2e970a301ee37f93536ed66179
Binance-smart-chain 0x64048a7eecf3a2f1ba9e144aac3d7db6e58f555e
Optimistic-ethereum 0x6806411765af15bddd26f8f544a34cc40cb9838b

Has Frax Ether been audited for security?

No security audits found for this project.

Are you the owner of Frax Ether? Edit it here

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