Frax (FRAX) | Buy Frax Now |
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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 | $0.997468 |
Change 24h | -0.06% |
Change 7d | -0.02% | Market Cap | $647 790 212 |
Available supply | 649 434 271 FRAX |
Volume 24h | $9 298 416 |
Updated | Tuesday, May 14, 2024 12:00:05PM UTC |
Nature | Coin |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $0.996612 | -0.09% |
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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.
Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
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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 | 648 108 264 |
May 14 | 0.997900 | 0.996948 | 0.998105 | 647 790 212 |
* 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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 86.8% | 13 | $61 757.83 | -1.49% | -2.77% | $1 216 515 127 144 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 89.2% | 18 | $2 905.75 | -1.96% | -5.22% | $349 023 632 478 | ||
3 | USDT | Tether predictions | 92% | 1 | $0.999429 | -0.03% | -0.06% | $110 783 670 475 | ||
4 | BNB | Binance Coin predictions | 87.2% | 15 | $585.94 | -1.59% | -1.17% | $86 477 135 475 | ||
5 | SOL | Solana predictions | 84.8% | 28 | $146.41 | 0.38% | -5.66% | $65 689 421 900 | ||
6 | USDC | USD Coin predictions | 94% | 1 | $1.000013 | -0.01% | 0.01% | $33 113 937 703 | ||
7 | XRP | XRP predictions | 87.2% | 14 | $0.506383 | -0.01% | -5.38% | $28 032 922 071 | ||
8 | TON | Toncoin predictions | 70.4% | 59 | $6.84 | -6.91% | 16.24% | $23 768 414 186 | ||
9 | DOGE | Dogecoin predictions | 81.6% | 34 | $0.151638 | 6.01% | -3.07% | $21 879 208 103 | ||
10 | ADA | Cardano predictions | 84% | 19 | $0.433393 | -3.29% | -3.54% | $15 459 518 581 | ||
11 | SHIB | SHIBA INU predictions | 74% | 45 | $0.000024 | 0.56% | -0.31% | $13 888 279 554 | ||
12 | AVAX | Avalanche predictions | 80.4% | 33 | $32.72 | -2.03% | -10.42% | $12 489 516 515 | ||
13 | TRX | TRON predictions | 80.8% | 37 | $0.124988 | -0.96% | 4.17% | $10 933 055 115 | ||
14 | WTRX | Wrapped TRON predictions | 79.2% | 37 | $0.124598 | -1.37% | 3.70% | $10 898 907 285 | ||
15 | STETH | Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
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