Best of · Ethereum · Updated
The best Algo Stables on Ethereum in 2026
We track 12 Algo Stables that run on Ethereum and have reviewed 9 of them in full. Our top pick is Frax. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
Frax
Algo Stables · Ethereum
Frax is a dollar-pegged stablecoin that uses AMO smart contracts, a lending market and an AMM to hold its peg. Public sources show a modest TVL and a price near $1, but they say little about the current product lineup.
ScoreScore 6.8 out of 10TVL $28.4M−2.4% - 2
Mento V2
Algo Stables · Ethereum, Celo, Monad +1
Mento V2 is the app for the Mento Protocol, an open-source system on Celo that mints local-currency stablecoins and lets users swap and manage them. It is a niche, reserve-backed stablecoin tool with modest TVL and limited published detail on fees.
ScoreScore 6.8 out of 10TVL $8.71M−1.2% - 3
Generic.Money
Algo Stables · Ethereum
Generic is a stablecoin-as-a-service protocol that issues GUSD, a dollar asset backed 1:1 by USDC, USDT and USDS, for networks and apps. It is early and small, so the main questions are adoption and execution.
ScoreScore 6.2 out of 10TVL $13.7K+0.0% - 4
Frax FPI
Algo Stables · Ethereum, Arbitrum, Base
Frax FPI is a stablecoin pegged to a basket of US consumer goods rather than to the dollar, so its price is meant to rise with CPI-U inflation. Interest looks small today, with low TVL and thin trading.
ScoreScore 5.4 out of 10TVL $94.3K−0.1% - 5
SPOT Cash
Algo Stables · Ethereum
SPOT is an Ethereum protocol that splits AMPL into senior and junior tranches to create a low-volatility asset it calls a flatcoin. It is a niche design with very small TVL and no listed audits.
ScoreScore 5.2 out of 10TVL $69.3K+4.5% - 6
Ampleforth
Algo Stables · Ethereum
Ampleforth is a crypto asset whose AMPL supply adjusts in an attempt to track CPI-adjusted purchasing power. Its rebasing design is unusual, and it does not guarantee a stable market price.
ScoreScore 5.0 out of 10TVL — - 7
TiTi Protocol
Algo Stables · zkSync Era, Ethereum, Base
TiTi Protocol is a small algorithmic stablecoin project built around TiUSD and use-to-earn rewards on Ethereum, Base and zkSync Era. Its tiny TVL and unproven peg mean it suits only experienced users who accept high risk.
ScoreScore 4.5 out of 10TVL $7.00K−0.0% - 8
Basis Cash
Algo Stables · Ethereum
Basis Cash is an Ethereum algorithmic stablecoin that aims for a 1 USD peg by expanding and contracting supply instead of holding collateral. Its TVL is only about $206K, and the design carries high peg risk.
ScoreScore 3.5 out of 10TVL $206K−0.0% - 9
Fei Protocol
Algo Stables · Ethereum
Fei Protocol was an Ethereum algorithmic stablecoin that tried to hold its peg through direct incentives on trades. It is now effectively dormant, so this review is a look back at how it worked.
ScoreScore 2.5 out of 10TVL $7+1.5% - 10
XUSD Money
Algo Stables · Ethereum
XUSD Money was described as a partially collateralized stablecoin on Ethereum. Its website is now listed for sale, so it does not appear to be an active service.
ScoreNot rated yetTVL $27.3K−0.3% - 11
Float Protocol
Algo Stables · Ethereum
Float Protocol is a decentralized monetary system built around FLOAT, a floating stablecoin intended to defend long-term purchasing power. Its core design and operating details are not clearly disclosed.
ScoreNot rated yetTVL $22.9K−0.1% - 12
Oin Finance
Algo Stables · Ethereum, Harmony, Near
OIN Finance describes itself as a multi-chain stablecoin issuance platform, with Ethereum, Harmony, and NEAR listed. Its current operation, fees, and issuance mechanics are not clearly documented.
ScoreNot rated yetTVL —
Algo Stables on Ethereum: the numbers
- Tracked
- 12
- Reviewed
- 12
- Total TVL
- $37.6M
- Avg. score
- 5.1/10
DappsAtlas tracks 12 algo stables on Ethereum. Every one of them has a full review. The 10 that report TVL hold $37.6M between them, counting value on every chain they support. Frax dominates, with 76% of that total. The top five account for 100%, while the median algo stable holds $27.3K.
By value locked, the largest algo stables on Ethereum are Frax ($28.4M), Mento V2 ($8.71M) and Basis Cash ($206K). On DappsAtlas scores, Frax ranks first at 6.8/10, ahead of Mento V2 (6.8) and Generic.Money (6.2). That makes Frax both the biggest and the best-rated. The 9 rated algo stables average 5.1/10, and none scores 8 or above yet.
Beyond Ethereum, these algo stables most often also run on Base (2), Celo (1) and Monad (1). Of the 7 with a confirmed status, 5 are active and 2 are inactive or wound down. Over the last seven days, combined TVL fell 2.0%. Frax dropped the most (−2.4%).
Largest by TVL
- 1
Frax$28.4M
- 2
Mento V2$8.71M
- 3
Basis Cash$206K
- 4
Frax FPI$94.3K
- 5
SPOT Cash$69.3K
Highest rated
- 1
- 2
- 3
Generic.Money6.2
- 4
- 5
Method
How we ranked them
Reviewed dApps come first. Each DappsAtlas review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.
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Frequently asked questions
What is the largest algo stable on Ethereum by TVL?
Frax is the largest algo stable on Ethereum by total value locked, with $28.4M across all the chains it supports. It is followed by Mento V2 ($8.71M) and Basis Cash ($206K). TVL figures come from DefiLlama and change daily.
Which algo stable on Ethereum has the highest DappsAtlas score?
Frax has the highest score at 6.8/10, ahead of Mento V2 (6.8) and Generic.Money (6.2). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many algo stables on Ethereum has DappsAtlas reviewed?
DappsAtlas tracks 12 algo stables on Ethereum. Of these, 12 have a full review and 10 report value locked, $37.6M in total, counting value on every chain they support.
Which algo stables on Ethereum grew the most this week?
Among algo stables with at least $1M locked, Frax the biggest drop (−2.4%). Combined TVL moved −2.0% over the same seven days.
What is the average score for algo stables on Ethereum?
The 9 rated algo stables on Ethereum average 5.1 out of 10. Of these, 0 score 8 or higher and 3 score below 5.