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Frax

Frax FRAX

Token
Frax Price (FRAX)
$1.08
2.40% Buy FRAX

0.0008 ETH

0.0000631 BTC

Low: $0.9983
High: $1.09
24h
Market Cap
$1,103,093,694
2.40%
Fully Diluted Market Cap
$1,103,092,514
2.40%
Volume
24h
$986,609
67.39%
Volume / Market Cap
0.0009
Circulating Supply
1,018,227,133 FRAX
Max Supply
--
Total Supply
1,018,227,133
Frax FRAX
Price: $1.08
2.40% Buy FRAX

Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

Learn this metric

The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

Learn this metric

Verified Data

Frax project's Circulating Supply has been verified and is equal to:

Circulating Supply

1,018,227,133 FRAX

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
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Current price of Frax is $1.08

Frax (FRAX) Social Signals & Traffic Tracker
Frax twitter
Twitter Stats
@fraxfinance

Followers

54,104

0.20%

Following

172

0.00%

Tweet count

1,360

0.52%

Joined at May 02, 2019
Frax reddit
Reddit Stats
r/fraxfinance

Subscribers

188

0.53%

Subreddit type

public

Moderators

1

0.00%

Joined at Aug 30, 2020
Frax telegram
Telegram Stats
@fraxfinance

Title

Frax Finance

Members

13,298

2.15%

Frax traffic
Website Traffic
frax.finance

Website Rating (DR)

65 / 100

1.52%

Ahrefs Rank

167,826

15.06%

Organic Traffic (mo.)

5,325

2.31%

Frax github
GitHub Organization
fraxfinance

Public repos

29

Type

Organization

Created at Sep 30, 2019
Frax github
GitHub Public Repository

Currently, official Frax (FRAX) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Frax Price Statistics

Frax Price
$1.08
Price Change 24h
$0.0260
2.40%
24h Low / 24h High
$0.9983 /
$1.09
All Time High
Nov 16, 2021 (1 year 2 weeks ago)
$2.19
50.57%
All Time Low
Feb 23, 2021 (1 year 9 months ago)
$0.7805
38.81%
Trading Volume 24h
$986,609
67.39%
Volume / Market Cap
0.0009
Market Dominance
0.12%
Market Rank
#41
Market Cap
$1,103,093,694
2.40%
Fully Diluted Market Cap
$1,103,092,514
2.40%

Live FRAX Price Analysis

The current real time Frax price is $1.08, and its trading volume is $986,609 in the last 24 hours. FRAX price has grew by 2.40% in the last day, and decreased by 0.62% in the last 7 days. It’s important to note that current Frax market capitalization is $1,103,093,694, Talking about circulating supply, FRAX has 1,018,227,133 coins. Currently, Frax rank on the market is #41.

Frax price today is 50.57% below all time high, and it is 38.81% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling FRAX are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is the Frax Protocol (FRAX)?

FRAX is the first fractional-algorithmic stablecoin that is built on the Frax protocol. The protocol is an open-source permissionless project that runs on the Ethereum network. The Frax protocol aims to replace digital assets that have a fixed supply, with a highly scalable algorithmic currency.

The main features of the Frax crypto project include:

  • Dual-token system. There are two tokens that run on the protocol – FRAX and FXS. FRAX, as you already know, is a stablecoin. FXS, on the other, is the governance token of the protocol that helps to generate income from fees, seigniorage, and extra collateral value. Since 2020, FXS tokens can be locked to generate veFXS for bigger boosts, unique governance privileges, and other system advantages;
  • Run by the community. Frax is a community-governed protocol that places a strong emphasis on an algorithmic approach that has no active management;
  • Frax utilizes Uniswap and Chainlink oracles. The FXS and FRAX prices, as well as the amount of collateral, are taken from Uniswap, as the Chainlink oracle provides the accurate USD rate (taking the average price of a pair). This computation mechanism makes FRAX more stable when compared to the dollar.

The Founders of the Frax Protocol

In 2019, software developer Sam Kazemian came up with a unique idea for a fractional-algorithmic stablecoin. The idea was born from the fact that most projects with the algorithmic monetary policy were prone to fail. Thus, he decided to combine algorithmic monetary policy with collateralization to try and solve this issue.

Engineers Travis Moore and Jason Huan helped him realize the idea, which resulted in the creation of the first fractional-algorithmic stablecoin.

What Is FRAX?

In essence, FRAX is a stablecoin, which means that it manages to keep its price stable even when the crypto market fluctuates. One FRAX is pegged to $1 at a 1:1 rate.

However, FRAX is a unique type of stablecoin because one part of its supply is algorithmic, while the other is backed by collateral. The FRAX price on the market determines the proportion of collateralized and algorithmic supply. The Frax protocol has built-in swap capabilities that enable buyback and recollateralization which are used to control the amount of collateral.

For instance, the amount of collateral backing is increased once the FRAX price drops below $1. However, once the FRAX price rises above $1, the collateral backing is decreased.

Even though any cryptocurrency can serve as collateral according to the FRAX protocol's design, its first iteration primarily takes on-chain stablecoins as payment. This lowers the collateral's volatility and facilitates a seamless transition to greater algorithmic ratios.

Frax has a pool contract, which is dedicated to storing USDC as collateral. The ecosystem's governance allows for the addition and deletion of pools. More volatile cryptocurrencies can be added to the governance pool as the Frax system develops.

Since FRAX is a stablecoin, its supply is dynamic. It changes in order to maintain the FRAX price pegged to $1. Contrarily, there is no inflation schedule in the protocol for FXS tokens, which have a fixed supply of 100 million tokens.

FRAX Minting

By adding the right quantity of its component pieces to the system, FRAX stablecoins can be minted. Since FRAX was fully collateralized from its inception, minting it just required putting collateral into the minting contract. During the fractional phase, on the other hand, the right amount of collateral had to be put down. Besides that, the right amount of FXS had to be burned in order to mint FRAX.

Arbitragers can strike a balance between the supply and demand of FRAX in the open market by minting and redeeming FRAX from the system for $1. A user must constantly input $1 into the system in order to mint new FRAX.

If the market price is higher than the price objective of $1, there is a potential for arbitrage to mint tokens by adding $1 in value to each FRAX and selling the tokens for more than $1 on the open market. If the FRAX price is less than $1, on the other hand, there is an opportunity for arbitrage to redeem FRAX tokens by buying them at a lower price on the open market and redeeming them for $1 of value from the system.

What's Frax trading volume in the last 24 hours?

FRAX has a trading volume of $986,609 in the last 24 hours.

What's Frax highest price ever?

FRAX has a highest price of $2.19, which was reached on Nov 16, 2021 (1 year 2 weeks ago).

What's Frax lowest price ever?

FRAX has a lowest price of $0.7805, which was reached on Feb 23, 2021 (1 year 9 months ago).

What are the best exchanges for buying and selling FRAX?

Currently, the most active and dominating exchanges for buying and selling Frax are Binance, Kraken & Kucoin. The most popular Frax trading pairs are FRAX/USDT (on Gate.io ), FRAX/ETH (on Gate.io ), 3CRV/FRAX (on Curve Finance ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping FRAX?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Frax. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Pages Related to Frax

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Current market Price of a specific cryptocurrency.

Learn this metric

The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

Learn this metric

The highest historical cryptocurrency value.

Learn this metric

The lowest historical cryptocurrency value.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

Learn this metric

The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

Learn this metric

Verified Data

Frax project's Circulating Supply has been verified and is equal to:

Circulating Supply

1,018,227,133 FRAX

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
Share it with your friends

Current price of Frax is $1.08

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