FRAX
$2.37

Frax (prev. FXS) (FRAX) Price

$2.37
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Frax (prev. FXS) (FRAX) Price Today

The live price of Frax (prev. FXS) is $2.37 USD. In the past 24 hours, the trading volume of Frax (prev. FXS) was $19.2M USD, with a change of +15.70%. The current live price of Frax (prev. FXS) has changed by -3.24% from its 7-day high of $2.45 USD and by +20.10% from its 7-day low of $1.97 USD. With a circulating supply of $99,681,495.59 FRAX, the market cap of Frax (prev. FXS) is currently $213.5M USD, marking a +17.49% change in the last 24 hours. Frax (prev. FXS) currently ranks 193 by market capitalization.

Frax (prev. FXS) (FRAX) Market Data

Market Cap
$213.5M
24h Volume
$19.2M
Circulating Supply
99.6M FRAX
Maximum Supply
99.6M FRAX
Fully Diluted Market Cap
$236.7M
Liquidity Indicator
9.00%
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FAQ

About Frax (prev. FXS) (FRAX)

The Frax Protocol is the first stablecoin system based on a fractional algorithm. Frax is an open-source, permissionless, on-chain protocol that is currently applied on Ethereum (ETH) with possible cross-chain implementations in the future.


The Frax protocol's ultimate goal is to provide massively scalable, decentralized, algorithmic money in place of a fixed-supply digital asset like Bitcoin. 


FRAX (pegged to the US dollar) and FPI are the two stablecoins in the Frax ecosystem. The Frax Finance economy is primarily made up of two stablecoins, a native AMM (Fraxswap), and a loaning facility (Fraxlend).


Frax Share features and Updates


Frax is a one-of-a-kind stablecoin, with components of its supply collateralized and portions of its supply algorithmic. The collateralized to algorithmic ratio is determined by the FRAX stablecoin's market pricing.


When FRAX trades above $1, the protocol reduces the collateral ratio. If FRAX falls below $1, the protocol raises the collateral ratio.


Because of its fractional-algorithmic monetary policy, the supply of the FRAX stablecoin is constantly shifting and fluctuating in order to keep the price at $1.


The supply of Frax Shares (FXS) tokens is hard capped at genesis, with no consumer price index scheduled in the protocol. The FXS token serves as the governance token, accumulating the value of freshly minted FRAX, service charges, and excess collateral. FXS is an asset for investment and governance, while FRAX is a currency token.


Over a number of years, financing providers and yield farmers receive more than 60% of the supply of FXS. It is a completely decentralized protocol with on-chain governance.


Thus, it will also be the first and only stablecoin to use the marginal hybrid design when it launched in November 2020.


The current price of Frax Share is $6.46 USD, with a trading volume of $5,377,032 USD.


Frax Share Team


Sam Kazemia: Founder of the fractional-algorithmic stable coin in 2019. Other founding members include Travis Moore and Jason Huan.

Information source

Official WebsiteWhitepaper

Frax (prev. FXS) (FRAX) Price Converter

FRAX to USD
1 FRAX = $ 2.37
FRAX to VND
1 FRAX = ₫ 61,654.81
FRAX to EUR
1 FRAX = € 2.11
FRAX to TWD
1 FRAX = NT$ 71.89
FRAX to IDR
1 FRAX = Rp 39,307.90
FRAX to PLN
1 FRAX = zł 8.99
FRAX to UZS
1 FRAX = so'm 30,801.45
FRAX to JPY
1 FRAX = ￥ 346.25
FRAX to RUB
1 FRAX = ₽ 195.91
FRAX to TRY
1 FRAX = ₺ 91.93
FRAX to THB
1 FRAX = ฿ 78.41
FRAX to UAH
1 FRAX = ₴ 98.80
FRAX to SAR
1 FRAX = ر.س 8.90
Frax (prev. FXS) Price Converter

How to Buy Frax (prev. FXS) (FRAX)

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How to Buy FRAX Guide

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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.