What is Stratis? How It Works & Where to Use It

Overview

Stratis at a glance.

Stratis launched in 2016 as an enterprise blockchain platform built around the C# language and the .NET framework. Its native token moved from the STRAT ticker to STRAX in a 2020 to 2021 token swap, and the project later migrated to an EVM-based network under the Xertra name while keeping STRAX as its token. Here is how it works and what it is used for, not the price.

Total value locked (DeFi)

$18,648

Value locked in DeFi protocols on Stratis. Updated Jun 8, 2026. Source: DefiLlama.

Native token

STRAX

Used for fees and securing the network. See the live STRAX price.

How it works

How Stratis works.

Stratis uses a proof-of-stake design to produce blocks and secure the network, with STRAX as the staking token. Holders can stake STRAX to take part in validating the chain and earning rewards. On the EVM-based network the project also runs a masternode model, where operators lock a larger amount of STRAX as collateral to help secure the network.

Consensus: Proof of Stake

Stratis uses a proof-of-stake design to produce blocks and secure the network, with STRAX as the staking token. Holders can stake STRAX to take part in validating the chain and earning rewards. On the EVM-based network the project also runs a masternode model, where operators lock a larger amount of STRAX as collateral to help secure the network.

Enterprise platform

Stratis was built for business use, originally offering a full node, smart contracts, and sidechain tools written in C# and the .NET framework.

STRAT to STRAX swap

The native token was originally STRAT. A token swap during 2020 and 2021 moved holders to STRAX on a one-to-one basis as the underlying chain changed.

Migration to an EVM network

The project later migrated to an EVM-based network, branded Xertra, that runs Ethereum-style smart contracts while keeping STRAX as the native token.

STRAX token

STRAX is the native token. It pays transaction fees and is staked, including through a masternode model that requires collateral, to help secure the network.

Ecosystem & usage

What Stratis is used for.

Stratis supports staking, masternodes, and EVM smart contracts on its current network.

DefiLlama

Smart contract apps

The EVM-based network runs Ethereum-style smart contracts that developers can deploy for on-chain applications.

Staking

Holders stake STRAX to take part in securing the network and earning rewards.

Masternodes

Operators lock a larger amount of STRAX as collateral to run masternodes that help validate and secure the chain.

Top protocols by TVL · updated Jun 8, 2026

Stratis mSTRAX · Liquid Staking$1.4M

Stratis Liquid Staking · Liquid Staking$333,832

StraxSwap · Dexs$18,648

In Zypto App

Hold, swap and spend STRAX.

Stratis is integrated in Zypto App. Hold STRAX in self-custody, swap it to any supported asset, and use it across Zypto’s features.

Hold STRAX in Zypto How to buy STRAX

Be the reason Stratis ships next.

Stratis isn’t in Zypto App yet. Post the request to your followers, chains with the most demand get prioritised.

Request on X

FAQ

Common questions.

What is Stratis?

Stratis is an enterprise-focused blockchain project that launched in 2016 with a C# and .NET tool set. It has since migrated to an EVM-based network, branded Xertra, with STRAX as its native token.

What happened to the STRAT token?

The original token was STRAT. During 2020 and 2021 it was swapped one-to-one for STRAX as the underlying blockchain changed. STRAX is now the native token.

What is STRAX used for?

STRAX is the native token of the Stratis network. It pays transaction fees and is staked, including through a masternode model, to help secure the chain.

Is Stratis EVM-compatible?

Yes. After migrating to its current network, Stratis runs an EVM-based chain that supports Ethereum-style smart contracts.

Can I hold STRAX in Zypto App?

Not yet. STRAX isn't in Zypto App at the moment. You can hold it in any self-custodial wallet, and you can ask us to add Stratis using the "Request Stratis" button above.

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