$107.42M reserves for $109.05M market cap
- ETH 80%
- Not traced yet 20%
As of Nov 14, 2026 · Custodian data · sources
01 · Backing chain
What frxETH is backed by
Move the slider or press play to see the chain week by week since 2022.
Backed by: the reserves behind frxETH, through every level
Backing on Nov 14, 2026, the last recorded day of its week. Backing from reports counts until the next report, for at most 140 days. Between two reports the values are estimated, see the settings.
02 · Composition over time
What the reserves were made of
Share of each reserve asset, or its value in USD at the time. Shares also shift when the price of a reserve asset changes. Gaps are periods without records.
Tap for the mix at a date.
Click reserve assets above to show only those.
03 · Backing ratio
Reserves against market cap
Daily, since market data is recorded. The composition reaches further back.
04 · Reserves today
Every reserve asset
| Reserve asset | Value | Share |
|---|---|---|
| ETH | $86.19M | 80.2% |
| Not traced yet | $21.23M | 19.8% |
05 · Sources
Published by the custodian
Frax's frxETH balance sheet: ETH in the validators by Frax's own figures, ETH and stETH held by the frxETH contracts and the treasury. Curve and Convex positions of the treasury are counted at their US dollar value, frxETH held by Frax is not counted.
- Price
- $1.89K
- Market cap
- $109.05M
- Supply
- 57.62K
- Updated
- Nov 14, 2026