Frax Price Index (FPI) is a crypto asset tracked in this profile. The snapshot in your CSV reports a live price of $1.14 and a 24‑hour change of 0.32%. If other fundamentals (market cap, supply, volume) are missing, treat this page as an analyst-style explainer: it tells you what to look for, how to interpret it, and what red flags matter most.
For thinly traded assets, the most important question is not the headline price — it is whether you can buy or sell meaningful size without slippage, whether trading venues are reputable, and whether supply/contract details can be verified from primary sources.
How to read the tape: a 24‑hour move is a blunt instrument. If the asset is small, a single wallet or a single venue can move price materially. Use the 24h change as a volatility signal, not as proof of trend.
Snapshot: price $1.14, 24h change 0.32%. If volume is missing, assume liquidity is unknown and validate it before committing size.
Trading insight that stays true across cycles: when liquidity is uncertain, position sizing is your edge. Start small, measure execution quality, and scale only when the market can absorb it.
Liquidity refers to the ease with which an asset can be converted into cash without significantly affecting its price. For an index-tracking asset like FPI, robust liquidity is paramount for maintaining its peg and enabling efficient trading. High liquidity ensures that large buy or sell orders do not cause substantial price slippage, which is critical for an asset designed for stability.
Understanding FPI's liquidity structure involves assessing its distribution across various platforms, including decentralized exchanges (DEXs) via liquidity pools and centralized exchanges (CEXs) through order books. It also includes examining the collateral backing the asset and any locked or staked portions of its supply, which can impact available trading volume.
Price history for an index-tracking asset like FPI is primarily indicative of its ability to maintain its target peg. Unlike speculative assets, FPI's performance is measured by its stability relative to the underlying Frax Price Index, which aims to reflect real-world inflation.
Significant deviations from the target index, either upwards or downwards, would signal potential issues with its algorithmic stability mechanisms or market confidence. Investors should analyze historical data to understand how FPI has reacted to market stress and economic shifts, and how effectively it has maintained its intended value proposition.
Note: The price history bars above are illustrative and do not represent actual historical performance data for FPI, as specific historical data was not provided. Past performance is not indicative of future results. For index-tracking assets, the primary goal is peg maintenance, not speculative price appreciation.
The Frax Price Index (FPI) is an innovative component of the Frax Finance ecosystem, designed to address the challenge of inflation in traditional fiat currencies. Unlike most stablecoins that target a fixed value against the US Dollar, FPI aims to track a dynamic, real-world price index, conceptually similar to a Consumer Price Index (CPI).
FPI's mechanism typically involves a combination of collateralization and algorithmic stability. It is often overcollateralized with a basket of assets, and its supply is adjusted through minting and redemption mechanisms to maintain its peg to the FPI index. This index is constructed to reflect the changing cost of a basket of goods and services, providing a decentralized hedge against inflation. The broader Frax ecosystem, including the FRAX stablecoin and FXS governance token, plays a role in supporting FPI's stability and governance.
Frax Price Index (FPI) is a unique decentralized finance (DeFi) asset designed to track a real-world price index, offering a potential hedge against inflation. It aims to maintain its purchasing power by reflecting the cost of a basket of goods and services, rather than a fixed fiat currency value.
As part of the Frax Finance ecosystem, FPI leverages algorithmic and collateral-backed mechanisms to achieve its stability target. It represents an innovative approach to stable assets, providing users with an alternative to traditional stablecoins and a tool for long-term value preservation in a volatile crypto market.
Not publicly confirmed
The specific contract addresses for Frax Price Index (FPI) were not provided in the asset row. For any decentralized asset, contract addresses are crucial identifiers on the blockchain. They represent the unique location of the token's smart contract, allowing users to verify its authenticity, track transactions, and interact with it programmatically.
Typically, FPI would reside on a major smart contract platform, likely Ethereum, given the Frax ecosystem's origins, and potentially on other EVM-compatible chains or Layer 2 solutions. To verify FPI's contract address, users should consult official Frax Finance documentation, reputable blockchain explorers (e.g., Etherscan), or trusted data aggregators. Always cross-reference information from multiple reliable sources to prevent interacting with fraudulent contracts.
Crypto assets typically cluster into a few behavior regimes: large-cap “macro” assets, protocol/utility assets, and narrative-driven meme/community assets. When fundamentals are unclear, the safest assumption is that price is primarily narrative and liquidity driven.
Liquidity drives volatility: shallow order books amplify every trade. That means charts can look “strong” while being structurally fragile. A trend that survives rising volume is more credible than a trend that survives only on thin prints.
Reflexivity: in crypto, price often creates the story that brings new buyers, which pushes price higher—until it doesn’t. Your job is to identify what would break the story (exchange delisting, contract risk, whale distribution, regulatory pressure, or simply attention moving elsewhere).
Practical approach: treat this as a probability game. You’re not trying to predict; you’re trying to avoid bad risk/reward. If you cannot verify supply, contract, and credible venues, you should assume tail risk is high.
FPI is an algorithmic stablecoin that aims to track a real-world price index, similar to a Consumer Price Index (CPI), rather than a fixed fiat currency. Its goal is to provide an inflation-resistant store of value.
FPI typically maintains its peg through a combination of collateralization (often overcollateralized with other assets) and algorithmic mechanisms that adjust its supply based on market demand and its target index value. Arbitrageurs play a key role in correcting price deviations.
No, FPI is not a traditional stablecoin pegged to a fiat currency like the US Dollar. It is an 'index-tracking' stablecoin, designed to maintain its purchasing power relative to a basket of real-world goods and services, making it distinct from USD-pegged stablecoins.
FPI can be used as a hedge against inflation, a stable store of value in a volatile crypto market, and potentially as collateral in DeFi protocols. Its unique peg offers a different utility compared to other stable assets.
Tokenomics answers three questions: who can sell, when they can sell, and how much they can sell. Even when exact supply numbers aren’t provided, you can still evaluate the structure.
Without supply clarity, the honest stance is: upside may exist, but the market can reprice violently when new supply hits. Tokenomics is not trivia—it's the plumbing that determines whether a rally is durable.
While FPI is a stable asset, its unique design makes direct comparisons challenging. Traditional stablecoins like USDT, USDC, and DAI are pegged to the US Dollar, aiming for a fixed $1 value. FPI, in contrast, targets a dynamic real-world price index, positioning it as an inflation-hedging asset rather than a simple fiat proxy.
Other algorithmic stablecoins might share some structural similarities in their stability mechanisms, but FPI's specific peg to a consumer price index sets it apart. In a broader financial context, FPI could be compared to inflation-protected securities (like TIPS) or commodities (like gold) that are used to hedge against inflation, but within the decentralized digital asset space. Investors should evaluate FPI based on its ability to track its intended index and its resilience during market fluctuations.
If you’re using these pages for research, a useful rule is: when data is missing, assume the tail is fatter. Your safety comes from sizing, diversification, and verifiability—not from optimism.
The provided row included the asset name (Frax Price Index, FPI), its current price ($1.14), and a 24-hour price change (+0.32%). This foundational data offers a basic snapshot of the asset's current market status.
However, crucial metrics such as market capitalization, 24-hour trading volume, all-time high, and circulating supply were explicitly marked as 'Not publicly confirmed.' This lack of comprehensive data significantly limits the ability to perform a thorough financial analysis. Without market cap and circulating supply, it's impossible to accurately assess the asset's overall size, dilution risk, or fully understand its tokenomics. The absence of trading volume prevents an accurate evaluation of liquidity and market depth, which are critical for an index-tracking asset. Similarly, the lack of an all-time high makes it difficult to gauge historical price volatility and recovery potential.
To gain higher confidence, investors should verify these missing metrics from reliable on-chain data aggregators, the project's official documentation, and reputable crypto data providers. Specifically, confirming the circulating supply and daily trading volume is paramount for assessing FPI's market health and tradability.
This calculator helps illustrate the potential benefit of FPI as an inflation hedge. Enter a hypothetical inflation rate and initial investment to see FPI's potential value compared to a fiat-pegged stablecoin.
(Note: This is a conceptual tool. Actual FPI performance depends on its peg stability and the accuracy of its underlying index.)
Hypothetical FPI Value after 5 years: ~$1159.27
Hypothetical Fiat-Pegged Stablecoin Value after 5 years (in real terms): ~$862.61
Frax Price Index (FPI) is an innovative digital asset aiming to provide an inflation-resistant store of value by tracking a real-world price index. Currently priced at $1.14 with a 24-hour change of +0.32%, FPI offers a unique proposition in the stablecoin landscape.
While its current price and short-term movement are known, critical market metrics such as market cap, trading volume, and circulating supply are not publicly confirmed. Prospective investors should conduct thorough due diligence to understand its underlying mechanisms, liquidity, and the specific risks associated with an algorithmic, index-tracking asset.
Investors interested in Frax Price Index (FPI) may also consider other assets within the broader stablecoin and decentralized finance (DeFi) categories. These include: