API3 vs Frax — how do they compare? API3 trades at Rp3,336 (market cap Rp288,49M, Rp94,61M 24h volume), while Frax trades at Rp5,243 (market cap Rp489,69M, Rp11,1M 24h volume). The key difference: Frax is the larger of the two by market cap, and Frax's supply is capped (93,6M / 99,7M FRAX (94%)) while API3's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold API3 for 41 Days and Frax for 9 Days on average.
| API3 | FRAX | |
|---|---|---|
Market Cap | Rp288,49M | Rp489,69M |
Volume (24h) | Rp94,61M | Rp11,1M |
Circulating Supply | 86,4M API3 | 93,6M / 99,7M FRAX (94%) |
Typical Hold Time | 41 Days | 9 Days |
What Pluang investors did over the last 30 days
API3 is an ERC-20 token based on the Ethereum blockchain. API3's goal is to allow decentralized versions of APIs to be built, managed, and monetized at scales. To achieve this in a fully decentralized way, the incentives of the participants are reconciled through the governance, security, and value capture utilities of the API3 token. The project has a completely open and direct governance model, where any API3 token holder can stake to obtain direct voting privileges in the API3 DAO.
Read more on API3 →FRAX is the native token of the Frax ecosystem, a decentralized finance protocol focused on building scalable, capital-efficient, and partially collateralized stablecoins. Frax combines algorithmic mechanisms with collateral backing to maintain price stability while enabling deep integration across DeFi applications such as lending, trading, and yield strategies. The ecosystem aims to provide stable, permissionless digital money optimized for on-chain financial systems.
Read more on FRAX →