Convert Ethereum to Legacy Frax Dollar (ETH → FRAX)

Swap ETH on Ethereum to FRAX on NEAR — no bridges, no delays. Powered by NEAR Intents.

Swap ETH to FRAX

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ETH to FRAX rate today

1 ETH ≈ 2,759 FRAX and 1 FRAX ≈ 0.0003625 ETH, based on market prices at 2026-09-22 09:42 UTC. The quote in the widget above is what you actually receive, fees included.

TokenPrice24h
Ethereum (ETH)$2,743+0.76%
Legacy Frax Dollar (FRAX)$0.9942+0.17%

How to convert Ethereum to Legacy Frax Dollar

Converting ETH to FRAX on NEAR Mobile Swap is done in three simple steps through the NEAR Intents protocol: Deposit, Swap, and Withdraw.

Step 1 — Deposit ETH from Ethereum
Go to the Deposit tab and select Ethereum (ETH) on Ethereum. The widget will generate a deposit address (or QR code) — send your ETH there from any wallet. Once the deposit is confirmed on Ethereum, your ETH balance appears inside NEAR Intents.

Step 2 — Swap ETH to FRAX on NEAR Intents
Switch to the Swap tab, pick ETH as the source and FRAX as the target. Enter the amount and confirm — solvers compete to fill your order and the swap settles in seconds.

Step 3 — Withdraw FRAX to NEAR
Finally, go to the Withdraw tab. Select Legacy Frax Dollar (FRAX) from your NEAR Intents balance and choose NEAR as the destination. Enter an address from a NEAR wallet such as NEAR Mobile or Meteor and confirm.

⚠ Important: When entering a withdrawal address, make sure it is a personal wallet you control. Some centralized exchanges do not support receiving funds from smart-contract-based deposits — sending to an exchange address may result in lost funds.

About the ETH → FRAX swap

This is a cross-chain swap: your ETH leaves Ethereum and FRAX arrives on NEAR. Normally that takes a bridge plus a DEX, or a centralized exchange account. With NEAR Intents the deposit, swap and withdrawal happen in one flow, and what lands in your wallet is FRAX on NEAR, not a wrapped copy you have to bridge again.

Swapping ETH to FRAX converts a volatile asset into a dollar-pegged stablecoin — a common way to lock in a price or step out of market swings without off-ramping to a bank account.

About Ethereum and Legacy Frax Dollar

What is Ethereum (ETH)?

Ether (ETH) powers Ethereum, a programmable blockchain proposed by Vitalik Buterin in 2013 and launched in July 2015 by a group of co-founders. Rather than acting only as money, Ethereum runs smart contracts, which let developers deploy applications that execute exactly as written.

Type
Layer-1 smart contract platform
Launched
2015
Consensus
Proof of Stake
Max supply
No fixed cap
Swap network
Ethereum
Sector (Messari)
Smart Contract Platform
Ethereum official site ↗Sector classification by Messari ↗

How Ethereum works

Since the Merge in September 2022, Ethereum has been secured by Proof of Stake: validators lock up ETH, propose and attest to blocks, and can lose part of their stake for misbehaviour. Every operation on the network costs gas, which is paid in ETH and compensates validators for processing transactions.

What ETH is used for

ETH pays for transaction fees and is widely used as collateral in decentralized finance, from lending protocols to decentralized exchanges. Holders also stake it to help secure the network and earn protocol rewards.

ETH supply

Ether has no fixed maximum supply. New ETH is issued to validators, while the base fee of every transaction is burned under EIP-1559, so net supply can rise or fall depending on network activity.

Before you swap ETH

Make sure your withdrawal goes to an address on Ethereum mainnet and not to a layer-2 or another EVM network that uses the same address format. Gas prices on Ethereum fluctuate with demand, which can affect the cost of moving ETH in or out.

What is Legacy Frax Dollar (FRAX)?

FRAX is the first stablecoin issued by Frax Finance, the protocol founded by Sam Kazemian, and it went live on Ethereum in December 2020. After Frax's North Star upgrade in April 2025 the token was relabelled Legacy Frax Dollar, while the newer frxUSD became the protocol's main stablecoin and the FRAX ticker for governance passed to the former FXS token.

Type
USD stablecoin (legacy Frax)
Launched
2020
Consensus
Issued on Ethereum; bridged to NEAR
Max supply
No fixed cap
Swap network
NEAR
Legacy Frax Dollar official site ↗

How Legacy Frax Dollar works

The coin launched with a fractional-algorithmic design, backed partly by collateral and partly by the protocol's own share token, and Frax governance later moved it to full collateralization. The version listed here is the Ethereum ERC-20 locked in NEAR's Rainbow Bridge and minted as a NEP-141 token under factory.bridge.near.

What FRAX is used for

Holders use it as a dollar-denominated unit in DeFi pools and lending markets where FRAX liquidity still exists. On NEAR it mainly serves as a bridged stable asset for moving value to and from Ethereum-based Frax positions.

FRAX supply

There is no fixed cap: FRAX is minted when collateral enters the protocol and burned on redemption, so supply follows demand for the dollar token.

Before you swap FRAX

This is the USD-pegged legacy stablecoin, not the new FRAX governance token (ex-FXS) and not frxUSD, so check what you are receiving. It moves on NEAR here, and a small NEAR balance covers later transactions.

Looking for the reverse?Convert FRAX to ETH →
More swaps:All ETH pairs →All FRAX pairs →

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ETH to FRAX: frequently asked questions

What to know before swapping Ethereum for Legacy Frax Dollar

Deposit ETH from Ethereum into NEAR Intents, swap it for FRAX, then withdraw FRAX to your wallet on NEAR. The widget on this page walks you through all three steps and shows the exact amount you will receive before you confirm.