Frax Price Today, FRAX Price Chart, Pairs & Market Cap — CoinMarketRate
0.07%$1.00
FRAX
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Frax
RankFrax
Name
Market Cap
Price
Volume (24h)
Circulating Supply
Change (24h)
Price Graph (7d)
60
60
Frax
$1,023,754,3001,023,393,133FRAX0.07%
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Frax

What is the Frax Protocol?
The Frax Protocol is a stable coin system. Frax is open-source, permissionless, and entirely on-chain, and is currently implemented on Ethereum. The goal of the Frax protocol is to provide a highlyScalable,Decentralized,Algorithm money in place of fixed-supply digital assets.

Frax is a stable coin with parts of its supply backed by collateral and parts of its supply algorithmic. The market's pricing of the FRAX stablecoin affects the ratio of collateralized and algorithmic. The protocol decreases the ratio if FRAX is above $1.




Stable coins were divided into three different categories before Frax.
How many coins are in circulation?
Due to its fractional-algorithmic monetary policy, the supply of the FRAX stablecoin is always changing to keep the price at $1. The Frax Shares token supply is hard capped at 100 million and there is no inflation schedule in the protocol. The governance token accrues all value of new minted FRAX, fees, and excess collateral.
The Frax Protocol is a community driven stable coin. Over half of the supply of the currency is given to yield farmers. There is a governance onchain in the protocol.
Who is the originator of the Frax Protocol?

Frax has a founding team of engineers. Sam Kazemian came up with the idea when he noticed that stable coins did not have a mixture of monetary policy and collateralization. Projects that were solely based on monetary policy failed or shut down.

Where can I find FraX and FXS?
FRAX is available on many major exchanges and Defi platforms. Frax shares are also available in liquid form. Frax Shares are upside and governance rights to the world's first fractional-algorithmic stable coin.
Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
FRAX  Statistics
FRAX  Price
$1.00
FRAX  ROI
-0.81%
Market Rank
#60
Market Cap
$1,023,754,300
24 Hour Volume
$8,119,718
C-g Supply
1,023,393,133
Total Supply
1,023,393,133
All Time High
$0.997354
4 грудня 2022 р.
All Time Low
$1.01
27 грудня 2020 р.
52 Week High / Low
$1.01
/ $0.975350
90 Day High / Low
$1.01
/ $0.975350
30 Day High / Low
$1.01
/ $0.975350
Day High / Low
$1.00
/ $0.991238
24 Hour High / Low
$1.00
/ $0.995785
Yesterday's H / L
$0.997354
/ $0.998337
Yesterday's O / C
$0.998337
/ $0.997354
Yesterday's Change
-$0.000982
-0.10%
Yesterday's Volume
$4,758,820
FRAX  Statistics
FRAX  Price
$1.00
FRAX  ROI
-0.81%
Market Rank
#60
Market Cap
$1,023,754,300
24 Hour Volume
$8,119,718
C-g Supply
1,023,393,133
Total Supply
1,023,393,133
All Time High
$0.997354
4 грудня 2022 р.
All Time Low
$1.01
27 грудня 2020 р.
52 Week High / Low
$1.01
/ $0.975350
90 Day High / Low
$1.01
/ $0.975350
30 Day High / Low
$1.01
/ $0.975350
Day High / Low
$1.00
/ $0.991238
24 Hour High / Low
$1.00
/ $0.995785
Yesterday's H / L
$0.997354
/ $0.998337
Yesterday's O / C
$0.998337
/ $0.997354
Yesterday's Change
-$0.000982
-0.10%
Yesterday's Volume
$4,758,820
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