Frax is a stablecoin infrastructure and DeFi protocol organization building the frxUSD stablecoin, the Fraxtal blockchain and the FraxNet non-custodial platform. Frax's Twitter Score is 18 out of 1000 as of October 2026, ranking #56,223 among 493,668 tracked accounts.
Frax was co-founded by Sam Kazemian, Travis Moore and Jason Huan, with the original FRAX token launching on December 20, 2020. The project is affiliated with Frax Finance, which handles onchain DeFi activity, while the main account focuses on strategic and institutional communications. Frax has received backing from Dragonfly Capital, Electric Capital, Robot Ventures, ParaFi Capital, Mechanism Capital, Galaxy Digital and Crypto.com.
Frax organizes its current platform around three pillars. frxUSD is a dollar stablecoin described by the project as fully backed by bankruptcy-remote tokenized U.S. Treasury funds, with BlackRock, Superstate and WisdomTree identified in Frax's documentation as institutional asset managers whose tokenized Treasury products support the infrastructure. Fraxtal is an EVM-equivalent modular rollup built on the OP Stack, using FRAX as its native gas token; the project characterizes FRAX as a commodity asset rather than a governance token. Since April 28, 2025, holders of FXS have been able to upgrade their tokens to FRAX at a 1:1 ratio by bridging to Fraxtal. Frax also selected Crypto.com Custody to provide institutional custody and liquidity services for its digital assets.
Frax has continued to refine its product scope: Frax governance approved winding down and retiring the Frax Price Index system as an active product in July 2026. Frax's account has published 254 posts and has 3,314 followers as of October 2026. Frax has been mentioned by 70 accounts, with 96 total mentions.
Who follows Frax on X?
The accounts that follow Frax include 48 founders, 10 angel investors and 27 influencers. Among them are Arthur, Polygon, Andy, Scoopy Trooples, The Rollup and sam.frax.