Publicly categorized under "RWA" (Smart-Contract Token). Self-reported / public protocol description: "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"
Calculate what 1 FRXUSD would mathematically equal if Frax USD's circulating market cap ($82.81M) matched a benchmark asset or target valuation at constant supply (82.78M FRXUSD).
| Benchmark Target | Target Market Cap | Implied FRXUSD Price | Supply-Adjusted Ratio |
|---|---|---|---|
| Tether (USDT) — Stablecoins #1 Leader | $182.47B | $2,204.25 | 2203.58x (+220258.2%) |
| Ethereum (ETH) — Ethereum (ERC-20) Leader | $286.09B | $3,456.00 | 3454.96x (+345395.8%) |
| Rank #100 Benchmark (Jupiter Staked SOL) | $664.18M | $8.0233 | 8.02x (+702.1%) |
| Rank #50 Large-Cap Benchmark (Ondo) | $1.98B | $23.9294 | 23.92x (+2292.2%) |
| Rank #10 Mega-Cap Benchmark (Zcash) | $19.55B | $236.2181 | 236.15x (+23514.7%) |
| $1.00 Billion Milestone Market Cap | $1.00B | $12.08 | 12.08x (+1107.6%) |
| $10.00 Billion Milestone Market Cap | $10.00B | $120.7997 | 120.76x (+11976.3%) |
| Bitcoin (BTC) Market Cap (#1) | $1.62T | $19,548.88 | 19542.96x (+1954196.3%) |
Formula: Implied Price = Target Market Cap ÷ Current Circulating Supply. For mathematical comparison only.
Compares Frax USD's circulating float against its total/maximum protocol supply.
Recorded ATH for Frax USD is $1.6068 (currently -37.75% from ATH).
| ATH Milestone | Milestone Price | Math % Change Needed | Implied Market Cap |
|---|---|---|---|
| 25% of Historical ATH | $0.40171 | -59.8% | $33.25M |
| 50% of Historical ATH | $0.80342 | -19.7% | $66.51M |
| 75% of Historical ATH | $1.2051 | +20.5% | $99.76M |
| 100% of Historical ATH | $1.6068 | +60.6% | $133.02M |
As of the latest public snapshot, Frax USD (FRXUSD) holds a circulating market capitalization of $82.81M at a reference price of $1.0003, ranking #283 out of the Top 1,000 cryptocurrencies tracked on ChainPulse Studio.
Frax USD is indexed in public API registries under: Ethereum (ERC-20), BNB Chain (BEP-20), Polygon, Avalanche, Arbitrum L2, Optimism L2, Base L2, Solana (SPL), Sui & Move VM. Publicly categorized under "RWA" (Smart-Contract Token). Self-reported / public protocol description: "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"
Frax USD has a reported circulating supply of 82.78M FRXUSD and a dynamic/uncapped maximum supply, resulting in an implied Fully Diluted Valuation (FDV) of $82.81M (100.0% circulating float).
Based on circulating-supply division (Target Market Cap ÷ Circulating Supply), if FRXUSD reached Tether’s market cap of $182.47B, 1 FRXUSD would mathematically equal $2,204.25 (2203.58x current market cap).
Frax USD recorded a historical All-Time High of $1.6068 and currently trades -37.75% from that peak. Returning to 100% of its historical ATH would mathematically require a +60.6% change from current reference levels.
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