Frax (FRAX) Price, Market Cap and Information
| Frax (FRAX) | Buy Frax Now |
|---|---|
 |
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future)... |
| CVIX | 1 |
| Current price | $0.998026 |
| Change 24h | -0.02% |
| Change 7d | 0.03% | Market Cap | $648 152 327 |
| Available supply | 649 434 271 FRAX |
| Volume 24h | $19 000 056 |
| Updated | Monday, May 13, 2024 6:00:05PM UTC |
| Nature | Coin |
| Mineable | No |
| Discussion | |
| WWW | Website |
Frax price change 24 hours
Frax Short Term Forecast
| After | Price | Change |
| 1 day | $0.997649 | -0.04% |
|---|
Frax General Information
General FRAX facts, technical details and Frax Cryptocurrency information
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:
Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.
Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management. Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.
Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.
Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.
Frax Historical Data – 10 days
| Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
|---|---|---|---|---|
| May 04 | 0.998685 | 0.998458 | 0.998765 | 648 559 166 |
| May 05 | 0.998664 | 0.998291 | 0.998664 | 648 365 016 |
| May 06 | 0.998403 | 0.997752 | 0.998598 | 648 374 491 |
| May 07 | 0.998325 | 0.997635 | 0.998614 | 648 276 397 |
| May 08 | 0.998200 | 0.997384 | 0.998290 | 648 237 575 |
| May 09 | 0.998148 | 0.996929 | 0.998395 | 648 220 765 |
| May 10 | 0.998181 | 0.997969 | 0.998319 | 648 260 686 |
| May 11 | 0.998271 | 0.997835 | 0.998382 | 648 090 202 |
| May 12 | 0.997682 | 0.997567 | 0.998363 | 648 207 902 |
| May 13 | 0.998139 | 0.997572 | 0.998311 | 648 152 327 |
FRAX/USD Price Charts
FRAX to USD price chart – 7 days
FRAX to USD price chart – 30 days
FRAX to USD price chart – 60 days
FRAX to USD price chart – 6 months
* Crypto Rating accepts no liability for any errors in the Frax information, FRAX Prices and FRAX's Market Cap. For the most up-to-date prices please visit the Frax's official website.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 91.2% | 13 | $62 793.69 | 1.91% | -0.58% | $1 236 899 321 913 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 88% | 20 | $2 941.76 | 0.05% | -4.31% | $353 344 168 929 |  |
|
| 3 |  USDT |
Tether predictions | 94.8% | 1 | $0.999832 | 0.02% | -0.02% | $110 821 326 083 |  |
|
| 4 |  BNB |
Binance Coin predictions | 90% | 15 | $593.23 | -0.95% | 0.87% | $87 553 309 099 |  |
|
| 5 |  SOL |
Solana predictions | 80.8% | 29 | $147.16 | 1.22% | -3.11% | $66 005 930 157 |  |
|
| 6 |  USDC |
USD Coin predictions | 91.2% | 1 | $1.000073 | 0.01% | 0.01% | $33 108 905 954 |  |
|
| 7 |  XRP |
XRP predictions | 87.6% | 14 | $0.507253 | 0.74% | -8.15% | $28 081 106 912 |  |
|
| 8 |  TON |
Toncoin predictions | 71.2% | 54 | $7.31 | 4.45% | 24.74% | $25 406 881 022 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 79.2% | 34 | $0.150948 | 6.04% | -2.75% | $21 778 100 769 |  |
|
| 10 |  ADA |
Cardano predictions | 86% | 17 | $0.442027 | 0.31% | -4.03% | $15 766 268 626 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 76% | 45 | $0.000024 | 5.49% | -1.32% | $14 009 522 166 |  |
|
| 12 |  AVAX |
Avalanche predictions | 82.4% | 33 | $32.78 | -2.77% | -11.79% | $12 508 599 533 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 82.4% | 34 | $0.126222 | -0.36% | 6.06% | $11 041 369 674 |  |
|
| 14 |  TRX |
TRON predictions | 82% | 34 | $0.125875 | -0.94% | 5.82% | $11 011 044 418 |  |
|
| 15 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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