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Current market Price of a specific cryptocurrency.
Learn this metricThe cryptocurrency's market Price changes in percent within the last 24 hours (1 day).
Learn this metricThe highest historical cryptocurrency value.
Learn this metricThe lowest historical cryptocurrency value.
Learn this metricMarket 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 metricMarket 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 metricFDMC 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 metricFDMC 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 metricIt 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 metricIt 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 metricThe current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.
Learn this metricThe 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 metricVerified Data
Frax project's Circulating Supply has been verified and is equal to:
Circulating Supply
1,044,853,133 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 metricThe 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 metricThese are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
These are the project's quantitative metrics of its official Twitter account that can be used to trace regular or artificial Social activity & growth within the project.
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Followers: 67,141
Members: 15,111
The current real time Frax price is $0.9974, and its trading volume is $1,943,950 in the last 24 hours. FRAX price has grew by 0.59% in the last day, and increased by 0.14% in the last 7 days. It’s important to note that current Frax market capitalization is $1,042,126,871, Talking about circulating supply, FRAX has 1,044,853,133 coins. Currently, Frax rank on the market is #55.
Frax price today is 54.49% below all time high, and it is 838.78% 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.
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:
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.
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.
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.
FRAX has a trading volume of $1,943,950 in the last 24 hours.
FRAX has a highest price of $2.19, which was reached on Nov 16, 2021 (1 year 4 months ago).
FRAX has a lowest price of $0.1062, which was reached on Dec 11, 2022 (3 months 2 weeks ago).
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 ), FRAX/USDC (on Curve Finance ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
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.
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Current market Price of a specific cryptocurrency.
Learn this metricThe cryptocurrency's market Price changes in percent within the last 24 hours (1 day).
Learn this metricThe highest historical cryptocurrency value.
Learn this metricThe lowest historical cryptocurrency value.
Learn this metricMarket 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 metricMarket 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 metricFDMC 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 metricFDMC 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 metricIt 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 metricIt 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 metricThe current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.
Learn this metricThe 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 metricVerified Data
Frax project's Circulating Supply has been verified and is equal to:
Circulating Supply
1,044,853,133 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 metricThe 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