Convert Legacy Frax Dollar to Ethereum (FRAX → ETH)

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

Swap FRAX to ETH

NEAR Mobile App Download

Get the NEAR Mobile app and don't miss anything!

AppleApp StoreGoogle PlayGoogle Play

FRAX to ETH rate today

1 FRAX ≈ 0.0003625 ETH and 1 ETH ≈ 2,759 FRAX, 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
Legacy Frax Dollar (FRAX)$0.9942+0.17%
Ethereum (ETH)$2,743+0.76%

How to convert Legacy Frax Dollar to Ethereum

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

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

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

Step 3 — Withdraw ETH to Ethereum
Finally, go to the Withdraw tab. Select Ethereum (ETH) from your NEAR Intents balance and choose Ethereum as the destination. Enter an address from any EVM wallet such as MetaMask or Rabby 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 FRAX → ETH swap

This is a cross-chain swap: your FRAX leaves NEAR and ETH arrives on Ethereum. 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 ETH on Ethereum, not a wrapped copy you have to bridge again.

Swapping FRAX to ETH is how you buy Ethereum with US dollars you already hold on-chain: you pay in a stablecoin and receive ETH directly on Ethereum.

About Legacy Frax Dollar and Ethereum

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.

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.

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

Popular token swaps

BTC → ETHETH → NEARETH → SOLETH → USDTETH → USDCETH → XRPETH → BNBETH → AVAXETH → ARBBTC → SOLBTC → USDTBTC → USDCBTC → XRPSOL → USDCNEAR → USDTBTC → NEARBTC → DOGESOL → NEARBTC → ADABTC → LTCNPRO → NEARNPRO → USDC

View all token swap pairs →

FRAX to ETH: frequently asked questions

What to know before swapping Legacy Frax Dollar for Ethereum

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