Legacy Frax Dollar FRAX

What FRAX actually is on-chain

Legacy Frax Dollar is an ERC-20 deployed on Ethereum, at contract address 0x853d955acef822db058eb8505911ed77f175b99e. That address, not the ticker FRAX, is what uniquely identifies this asset: anyone can deploy a second token calling itself FRAX, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, FRAX is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in FRAX itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

Another asset tracked on this site also uses the ticker FRAX: Frax (prev. FXS) (Ethereum, 0x3432…64d0). The asset on this page is specifically the Ethereum deployment at 0x853d…b99e. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For FRAX the project publishes a public source repository and an active account as @fraxfinance. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where FRAX sits in the market

#163 places Legacy Frax Dollar in the upper mid-cap band. Liquidity is already fragmented at this depth: a large share of real FRAX volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 4 live FRAX order books (Binance, Gate.io, HTX, Bithumb). That is coverage in line with a #163 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

FRAX against its all-time high

FRAX is 84.8% off its $1.66 high (on 2026-03-30). At this depth the arithmetic turns against a recovery narrative: getting back to the record takes 6.58x, not a rebound. The high is better read as the marker of a completed cycle than as a target — most of the holders above spot are underwater by enough that their behaviour on the way up is supply, not demand. That high was set within the last six months, recently enough that it still anchors how most current holders frame the asset.

FRAX across its historical range

The recorded range is comparatively narrow: 6.64x between $0.2498 and $1.66. Either the price history is short, or the asset is designed not to move.

At 1.0% above its record low of $0.2498 (on 2026-06-24), FRAX sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

FRAX supply structure

There is no fixed maximum supply for FRAX. Total supply stands at 275.9 million FRAX and essentially all of it — 100.0% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. A supply in the hundreds of millions keeps the unit price in a range where round-number levels are genuinely traded, which makes price-threshold alerts more reliable than they are on high-supply tokens.

What kind of asset FRAX is

Legacy Frax Dollar is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. Our dataset does not record which backing model this token uses, which is itself worth resolving before holding it: reserve-backed, collateral-backed and algorithmic pegs fail in very different ways and on very different timescales. Its size is mid-range for the category — large enough to be quoted continuously, small enough that a single large redemption is visible in the price.

CoinGecko files FRAX under 10 categories, including Stablecoins, Decentralized Finance (DeFi), USD Stablecoin, BNB Chain Ecosystem, Seigniorage. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Avalanche (256 tracked tokens), Polygon (531 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Legacy Frax Dollar alert that is worth receiving

Legacy Frax Dollar is the ERC-20 at 0x853d…b99e on Ethereum — quoted on 4 venues we stream — high dated 2026-03-30 — rank #163. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →