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M. Cap$2.55 T -1.69%24h Vol$93.87 B -5.26%BTC$67,479.88 -1.50%ETH$3,753.40 -2.37%S&P 500$5,265.00 -0.74%Gold$2,338.58 -0.96%BTC Dominance52.08%
  • #127

Frax FRAX

FRAX Price

$0.9971-0.21%
Price Range--
--

Market Cap 

$647.55 MRank #127

FDV 

$1.04 BRank #148

Investors

Twitter Followers

Detailed Performance

SentimentNeutral

FRAX shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods

Trading Pair1h24h7d1m3m1y
FRAX/USD
-0.02%-0.22%0.30%-1.22%-0.15%-0.35%
-0.24%1.31%3.01%-7.84%-8.77%-59.05%
0.02%2.22%-0.06%-16.60%-10.13%-49.76%
0.05%1.70%0.35%-11.36%8.69%-53.39%
-0.26%0.27%1.57%-1.47%2.04%51.17%

FRAX to USD Converter

FRAX

Price History

All-Time High
$1.12
1.13x to ATH
All-Time Low
$0.875
1.14x to ATL
Trade Launch Date
21 Dec, 2020
1255 days ago

Fundraising

See more
--USD ROI
--BTC ROI
--ETH ROI
ICO Price
--
Funds Raised
$1.21 M
Tokens Sold
--

Exchanges

Exchanges type

Uniswap (v3)
FRAX/USDC
$0.9986$2.46 M74.312%Recently
Uniswap (v3)
FRAX/DAI
$0.9967$477,375.2214.403%Recently
Ramses V2
FRAX/USDC
$0.9999$196,132.395.918%Recently
Uniswap (v3)
FRAX/USDT
$0.9984$45,343.221.368%Recently
Uniswap (v3)
FRAX/FXS
$0.9652$30,426.470.918%Recently

About FRAX

Frax is a decentralized stablecoin and DeFi stablecoin infrastructure. It is a self-sufficient DeFi economy that utilizes stablecoins as currency. The Frax ecosystem includes several subprotocols such as Fraxlend, Fraxferry, and Fraxswap, each serving different functions within the ecosystem. Frax also has its own governance system governed by two tokens, Frax Share (FXS) and Frax Price Index Share (FPIS). Additionally, the Frax Protocol issues three stablecoins: FRAX, FPI, and frxETH.

What makes Frax unique?

Frax is unique compared to other cryptocurrencies because it is a decentralized stablecoin ecosystem. It utilizes a combination of algorithmic and collateralized stablecoins to maintain its stability. Frax is designed to be more resistant to volatility compared to other cryptocurrencies, which makes it suitable for everyday transactions and as a store of value. Additionally, Frax implements a two-token governance system, where Frax Share (FXS) holders have voting rights and participate in the protocol's decision-making process. This governance structure allows the community to actively participate in shaping the direction of the Frax ecosystem. Furthermore, Frax offers various subprotocols like Fraxswap, Fraxlend, and Fraxferry, which provide additional functionalities such as decentralized trading, lending, and cross-chain transfers. Overall, the combination of stability, governance, and additional subprotocols makes Frax unique in the cryptocurrency space.

Live Frax Price Data

The current price of Frax (FRAX) is approximately $0.9971, reflecting a decrease of -0.21% in the last 24 hours. The FRAX trading volume in the last 24 hours stands at $11.03 million. Frax's market cap is currently $647.55 million, accounting for about 0.03% of the total crypto market cap. The circulating supply of FRAX is 649.43 million.

For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Frax's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on FRAX, check out our crypto insights page.

Official Links

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