Price change (24h):
0.32%
High (24h):
$1.15
Low (24h):
$1.13
Volume (24h):
$3.16K
Market Cap:
$0
All Time High:
17.48% $1.38
Jun 23, 2026
All Time Low:
32% $0.86
Oct 10, 2025
Frax Price Index
FPI0.33 %(1Y)
$1.14
About Frax Price Index
Frax Price Index (FPI) is a cryptocurrency launched in 2020 as a decentralized inflation-hedging stablecoin inside the Frax ecosystem. It represents an experiment in on-chain monetary policy, designed not around a fixed exchange rate but around the purchasing power captured by the US Consumer Price Index.
The protocol addresses a persistent friction in cryptocurrency markets: stablecoins pegged to fiat currencies silently hemorrhage value as inflation erodes the underlying unit. FPI mechanically adjusts its target price upward each month using a decentralized CPI oracle, directly compensating holders for reported inflation. Its niche is not just stability, but real-value preservation across multi-year time horizons.
The token operates natively on the Ethereum network as an ERC-20 asset, with multi-chain deployments active on Arbitrum, BNB Chain, Optimism, and the Fraxtal Layer 2. This cross-chain architecture ensures broad accessibility for decentralized applications and keeps the asset deeply embedded in liquidity corridors spanning several Layer 1 and Layer 2 environments.
A core technical feature is the protocol’s monthly rebase event, triggered by an on-chain oracle that imports CPI data from verified sources. The smart contract algorithmically adjusts either the token’s balance in user wallets or its market price peg, ensuring that the dollar-denominated value of each FPI tracks the change in the CPI basket. The ERC-20 standard underpins its composability across lending platforms, decentralized exchanges, and yield aggregators without requiring custom integration logic.
The project originated within the Frax Finance collective, which first gained recognition for its fractional-algorithmic stablecoin FRAX. Deployed in April 2020, FPI surfaced during a wave of unprecedented central bank stimulus, offering a counter-cyclical instrument designed to appreciate against inflating fiat. The codebase lives on GitHub under the FraxFinance organization, reflecting continuous development and a commitment to open-source transparency.
At a mission level, FPI aspires to create a stable unit of account that mirrors the actual cost of goods rather than a government-issued dollar. This positions the token as a hedge against monetary debasement, enabling capital to maintain its economic energy across time without reliance on traditional inflation-protected securities. The protocol severs the link between perceived stability and a single central bank’s balance sheet.
On a mechanical level, token holders see their position revalue monthly as the protocol’s rebase function executes. Holders may also delegate the asset within the Frax governance framework to vote on collateralization ratios, oracle updates, and integration proposals. The token does not pay a yield in the conventional sense; instead, it adjusts its base value, making realized gains a function of sustained CPI increases over the holding period.
An investor bracing for a high-inflation regime can swap USDC or DAI for FPI on one of the ten active markets where it trades. Liquidity providers pair FPI with stablecoins in automated market makers, capturing swap fees while absorbing inflationary adjustments on their inventory. Governance participants lock FPI tokens in staking contracts that confer voting weight in the Frax DAO, coupling exposure with influence over protocol evolution.
Frax Price Index has a total supply of 84,775,208.72 tokens. Currently, 0 tokens are in circulation. With a market capitalization of $0.00, Frax Price Index ranks #6,254 among all cryptocurrencies.
Frax Price Index Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 08/07/2026 | $1.15 | $1.14 | $1.15 | $1.13 |
| 07/07/2026 | $1.15 | $1.15 | $1.15 | $1.14 |
| 06/07/2026 | $1.14 | $1.15 | $1.15 | $1.14 |
| 05/07/2026 | $1.15 | $1.14 | $1.15 | $1.14 |
| 04/07/2026 | $1.14 | $1.15 | $1.15 | $1.14 |
| 03/07/2026 | $1.14 | $1.15 | $1.15 | $1.11 |
| 02/07/2026 | $1.15 | $1.14 | $1.15 | $1.14 |
| 01/07/2026 | $1.14 | $1.15 | $1.15 | $1.14 |
Why is manual trading Frax Price Index a bad idea?
Manual fpi trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
-
AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
-
Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Frax Price Index (FPI) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live FPI price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Frax Price Index (FPI) is $1.14. Over the last 24 hours, it has moved -0.32%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Frax Price Index on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your FPI investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Frax Price Index's price is influenced by overall crypto market trends, trading volume, investor sentiment, regulatory news, and macroeconomic events. High volatility is common - FPI can move 5-15% in a single day. This makes timing the market extremely difficult for manual traders but creates opportunities for systematic, data-driven strategies.
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We can’t provide investment advice. Whether Frax Price Index is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. FPI can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
