# Frax Ether

> Track Frax Ether's fees, revenue, TVL and active users with daily on-chain data across 20 chains. Compare Frax Ether with other liquid staking projects.

Source: [Frax Ether on Token Terminal](https://tokenterminal.com/explorer/projects/frax-finance). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Liquid staking
- Chains: arbitrum, avalanche, base, berachain, blast, bsc, ethereum, fantom, fraxtal, ink, katananetwork, linea, optimism, polygon, scroll, seievm, sonic, unichain, worldchain, zksyncera

## About

### What it is

Frax Ether is a liquid staking derivative product created by the Frax Finance protocol. Frax Finance was founded by Sam Kazemian, Stephen Moore, Jason Huoan & Travis Moore and launched in 2019.


### Who uses it

FRAX tokenholders own and govern the Frax Finance protocol, including the Frax Ether business line. They currently take a cut of the total staking rewards earned by the protocol (revenue). Frax’s investors include Crypto.com Capital & Ascensive Assets.


### How it works

Stakers deposit funds into Frax and receive a return on investment in the form of staking rewards (supply-side fees).


## Metrics

Token Terminal tracks these metrics for Frax Ether daily. Each page has a chart with the full history.

- [Total value locked](https://tokenterminal.com/explorer/projects/frax-finance/metrics/tvl)
- [Assets staked](https://tokenterminal.com/explorer/projects/frax-finance/metrics/assets-staked)
- [Fees](https://tokenterminal.com/explorer/projects/frax-finance/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/frax-finance/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/frax-finance/metrics/revenue)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/frax-finance/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/frax-finance/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/frax-finance/metrics/user-mau)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/frax-finance/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/frax-finance/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/frax-finance/metrics/active-addresses-monthly)
- [Core developers](https://tokenterminal.com/explorer/projects/frax-finance/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/frax-finance/metrics/code-commits)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/frax-finance/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/frax-finance/metrics/gas-used)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/frax-finance/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/frax-finance/metrics/arpu)
- [Take rate](https://tokenterminal.com/explorer/projects/frax-finance/metrics/take-rate)

## Links

- [github](https://github.com/FraxFinance)
- [twitter](https://twitter.com/fraxfinance)
- [discord](https://discord.com/invite/UJVtDTFRaA)
- [etherscan](https://etherscan.io/token/0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0)
- [website](https://frax.finance/)